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Financial Analyst

Date Posted:  Sep 19, 2022
Requisition ID:  397164

Indianapolis, IN, US, 46204

Work for Indiana

Grow your career with the State of Indiana! With more than 50 executive branch agencies, the State of Indiana is a diverse workforce offering employees stimulating and challenging projects across a broad scope of career opportunities. As a State of Indiana employee, you impact the well-being of Indiana’s communities every day.


At the State of Indiana, we don’t just talk about diversity and inclusion – Our goal is to create a welcoming, accessible, and equitable workplace, with a workforce that is representative of the State of Indiana population. As a proud equal opportunity employer, reasonable accommodations may be available to enable individuals with disabilities to interview and to perform the essential functions of a role.


Next level benefits at the State of Indiana are here! Be sure to review our expanded benefit package offerings below.



About the Indiana Department of Correction (DOC):
We promote public safety by providing meaningful, effective opportunities for successful re-entry.  As the model of best correctional practices, we strive to return productive citizens to our communities and inspire a culture of accountability, integrity, and professionalism. 


The salary for this position traditionally starts at $
37,778.00 per year but may be commensurate with education and/or experience.

About the Job:

As the Financial Analyst, you will be responsible for monitoring expenditures, reviewing contracts, developing, and monitoring programs and budgets, developing and monitoring funding sources, preparation of financial reports, adherence to grant requirements, and analysis and research of financial data for agency use.

A Day in the Life:

The essential functions of this role are as follows: 

  • Certify the accurate reporting of agency financial data with respect to area of assignment.
  • Assist controller in developing annual and biennium budget(s).
  • Responsible for the monitoring of expenditures are met in accordance with grant provisions.
  • Assist controller in monitoring expenditures on an ongoing basis to ensure budget compliance.
  • Review contracts to verify funding source and adherence to annual budget.
  • Assist in preparation of financial data for monthly and quarterly financial reviews.
  • Work with contract compliance officer on all financial related matters.
  • Assist in the development of performance measures for contracts and programs.
  • Assist controller in developing and / or revising funding models for current or future agency programs.
  • Analyze and research issues of interest for other program areas within the agency, identifying patterns and trends.

The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time.

What You'll Need for Success:

You must meet the following requirements to be considered for employment: 

  • Through knowledge of the theories, principles, and practices of public finance.
  • Extensive knowledge of federal and state laws, policies, and procedures as they pertain to public finance programs.
  • Extensive knowledge of agency organization, function, and purpose.
  • Specialized knowledge of automated fiscal systems.
  • Advanced knowledge of computer and software programs and the ability to utilize these skills in assigned job functions.
  • Excellent organizational and interpersonal skills.
  • Dependability, attention to detail, good time management and multi-tasking skills.
  • Flexibility and adaptability to respond quickly to issues and needs.
  • Ability to communicate effectively with agency (non-agency) Finance staff.
  • Excellent written and verbal communication skills.
  • Ability to organize, prioritize and manage workflow.
  • Excellent problem solving and analytical skills.
  • Ability to accurately review, track and analyze financial data.
  • Ability to understand and write reports, data collection and reporting procedures.
  • Formulate sound recommendations and make appropriate decisions with the consideration of potential impact on agency programs.
  • Ability to analyze and audit fiscal accounts, contracts, records, claims transactions and financial reports.
  • Ability to coordinate workflow of subordinate employees.

Supervisory Responsibilities/Direct Reports:

This role may serve as a team lead for an assigned work group.

Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefit package for full-time employees which includes: 

  • Three (3) medical plan options (including RX coverage) as well as vision and dental plans.
  • Wellness program (offers premium discount for the medical plan and gift cards);
  • Health savings account, which includes bi-weekly state contribution; 
  • Flexible work scheduling options, including the potential for hybrid remote work for employees whose work may be performed outside state facilities;
  • Deferred compensation 457B account (similar to 401k plan) with employer match; 
  • Two (2) fully-funded pension plan options; 
  • A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
    • 150 hours of paid new parent leave; 
    • Up to 15 hours of paid community service leave;
  • Combined 180 hours of paid vacation, personal, and sick leave time off; 
  • 12 paid holidays, 14 on election years; 
  • Education Reimbursement Program;
  • Group life insurance; 
  • Referral Bonus program;
  • Employee assistance program that allows for covered behavioral health visits; 
  • Qualified employer for the Public Service Loan Forgiveness Program; 
  • Free Parking for most positions;
  • Free LinkedIn Learning access;


Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer.

Current Employee? Click here to apply.

Nearest Major Market: Indianapolis