Financial Analyst 9-P11

The Michigan Department of Education (MDE) is responsible for providing leadership and support to education entities in Michigan. The Financial Analyst in the Office of Educational Supports will analyze and maintain data related to federal and state grant allocations, ensuring the effective distribution of substantial educational funds to local agencies and schools.

Responsibilities

• Analyzing, reviewing, and maintaining data to calculate allocations for federal and state formula grant programs
• Supporting the distribution of over $890,000,000 in federal and state funds to local education agencies, intermediate education agencies, and charter schools
• Providing financial assistance and knowledge pertaining to federal and state regulations governing the allocation of funds
• Analyzing and supporting the expenditure process for grant funds including reviewing the draw down process for federal funding and analyzing financial data related to office spend plans

Skills

• Bachelor's degree or higher in any major with at least 12 semester (18 term) credits in accounting, finance, or economics
• At least one year of post-degree professional experience providing a systematic review, analysis, interpretation, and/or evaluation of budgets, mortgages, loans, or other financial data, equivalent to a Financial Analyst
• Experience in creating and documenting processes, procedures, and/or workflows
• Experience preparing and tracking budgets and compiling and interpreting financial data
• Experience using advanced functions and features in Microsoft Excel
• Experience managing, supporting, or implementing State and/or Federal grants, including experience with the application process and regulations related to State and Federal funding
• Ability to effectively communicate, both verbally and in writing, financial and non-financial information

Benefits

• As a State of Michigan employee, you will receive a competitive wage and benefit package that values your experience and skills.
• Remote Employment: Flexible/Hybrid
• Health, mental health, dental, vision, and life insurance coverage for the whole family.
• No-cost life insurance at double your annual salary, paying up to $200,000.
• No-cost vision insurance.
• Disability coverage providing extended benefits and partial pay.
• Supplemental pay and insurance during some military leaves.
• 15 to 35 paid personal days per year.
• 13 paid sick days per year.
• 12 weeks of paid parental leave after a birth or adoption.
• Up to 14 paid holidays per year including New Year’s and Christmas Eve, Memorial and Labor Day, Thanksgiving, Veterans Day, and Juneteenth.
• Up to 1 paid day of school and community leave annually.
• 401(k) and 457 enrollments offered to new hires with multiple investment options.
• 4% automatic contribution by the state for 401(k) plans.
• Up to a 5% match for additional 401(k) account contributions.
• State contributions fully vest after 4 years.
• Funds may be rolled in from previous retirement accounts.
• Alternate/Remote-Work Schedules for some positions.
• Bonus and Longevity Pay Programs.
• Tax-Advantaged Parking and Health Savings Accounts.
• Public Service Loan Forgiveness Program Eligible Employer.
• Tuition Reimbursement Program.
• Professional Development.
• The State of Michigan offers health, mental health, dental, and vision insurance to eligible career employees, their spouses, and their children.
• The state also covers a life-insurance benefit of two times employees’ annual salary (up to $200,000).
• The state also offers long-term-disability insurance that can provide continuing benefits if an injury or illness prevents employees from working.
• The State of Michigan offers 401(k) and 457 plans for new hires to save for retirement.
• The state will automatically contribute an amount equal to 4% of your pay to a 401(k) account.
• The state will also match up to 5% of your pay if you contribute to your 401(k) account.
• Your contributions vest immediately, and the state’s contributions fully vest after just 4 years.
• Eligible full-time employees receive between 15 and 35 personal days and 13 sick days per year that may be rolled over to the following year if not used.
• Eligible employees also receive an additional day each year for community service or school functions.
• Eligible employees can take 12 weeks of paid leave immediately after a birth or adoption to allow needed time together at home with a new child.
• Eligible employees receive 13 or 14 paid holidays each year including New Year’s Eve and Day, Martin Luther King Jr. Day, Presidents’ Day, Memorial Day, Juneteenth, the Fourth of July, Labor Day, Election Day, Veterans Day, Thanksgiving, Thanksgiving Friday, Christmas Eve and Day.
• Eligible employees with five years of service also receive annual longevity bonuses that grow as seniority increases.
• Some positions also may qualify for recruitment, retention, and performance bonuses or other special pay premiums.
• Employees in the guard or reserves may also qualify for supplemental pay benefits if military pay during qualifying duty is less than normal state pay.
• Prior military service may also allow seniority credits to accelerate eligibility for longevity bonuses and additional personal leave accrual.
• The state also offers flexible spending account (FSA), health savings account (HSA), and qualified transportation fringe benefit (QTFB) programs that can help you save money by reducing your taxable income.
• Working for the State of Michigan may allow you to participate in programs that forgive the balance of qualifying student loans.
• Some colleges and universities offer savings to eligible employees and family members to further their education while working for the State of Michigan.
• Programs are available to apply for reimbursement of up to $2,000 a year for education and training for college course credits and non-degree programs.
• Depending on the nature of their duties, many state jobs offer flexible work schedules and remote or hybrid telecommuting options that can help obtain the work-life balance that you seek.

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