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MISSION: The Texas Education Agency (TEA) will improve outcomes for all public-school students in the state by providing leadership, guidance, and support to school systems.Core Values:and#8226; We are Determined: We are committed and intentional in the pursuit of our main purpose, to improve outcomes for students.and#8226; We are People-Centered: We strive to attract, develop, and retain the most committed talent, representing the diversity of Texas, each contributing to our common vision for students.and#8226; We are Learners: We seek evidence, reflect on success and failure, and try new approaches in the pursuit of excellence for our students.and#8226; We are Servant Leaders: Above all else, we are public servants working to improve opportunities for students and provide support to those who serve them.New hires, re-hires, and internal hires will typically receive a starting salary between the posted minimum and the average pay of employees in their same classification. Offers will be commensurate with the candidateand#8217;s experience and qualifications and will thoughtfully consider internal pay equity for agency staff who perform similar duties and have similar qualifications. The top half of the posted salary range is generally reserved for candidates who exceed the requirements and qualifications for the role. The maximum of the salary range is reserved for candidates that far exceed the required and preferred qualifications for the role.POSITION OVERVIEW:The Senior Financial Analyst works within the State Funding, Forecasting Fiscal Analysis Division, which is responsible for administering the Foundation School Program (FSP). The FSP determines the amount of state and local funding due to school districts under Texas school finance law and provides the state share of this funding to districts. The State Funding team also produces reports and other data related to school finance. The Senior Financial Analyst supports schools by performing highly complex financial analysis and regulatory work related to various allotments used in the stateand#8217;s school finance formulas.This role supports schools by performing advanced (senior-level) financial analysis and regulatory work related administering the stateand#8217;s Instructional Facility Allotment (IFA) and Existing Debt Allotment (EDA) programs. The Senior Financial Analyst reports to the Foundation School Program (FSP) Facilities Manager and works closely with leadership, analysts, programmers, and stakeholders to ensure effective and efficient program implementation in compliance with applicable statutes and regulations, including advising and assisting junior analysts in coordination with State Funding leadership personnel. The work involves compiling, reviewing, analyzing, and evaluating financial data which includes interpreting statutes and regulations and accurately translating them to ensure alignment of calculations and methodologies to determine funding and providing expert technical assistance to school districts and their financial and legal advisors, agency staff, government agencies, bond counsel, vendors, and the general public.Flexible work location within the state of Texas may be considered for qualified candidates.Please note that a resume and tailored cover letter are required attachments for applying to this position. Incomplete applications will not be considered. Additionally, applicants who are strongly being considered for employment must submit to a national criminal history background check.ESSENTIAL FUNCTIONS:Job duties are not limited to the essential functions mentioned below. You may perform other functions as assigned.1. Financial Analysis and Process Control: determines cost of operations for the stateand#8217;s IFA and EDA programs by implementing applicable statutes and regulations to ensure that school districts receive appropriate amounts of funding; collects and reviews school district applications for IFA funding to determine compliance with applicable laws, regulations, policies, and procedures; updates summary of finances (SOF) reports; and processes outstanding balances2. Compliance and Transparency: applies funding formulas used to distribute money to school districts in accordance with the Texas Education Code and Texas Administrative Code, implementing changes as necessary; develops and maintains associated rules, web content, and standard operating procedures for the stateand#8217;s IFA and EDA programs3. Strategy and Process Improvements: increases productivity by developing and maintaining automated financial processes and systems; determines software change requirements and conducts User Acceptance Testing (UAT)4. Intra-Agency Coordination: collaborates with the division on projects and supports the administration of the Summary of Finances (SOF) report and related financial transactions5. Cross Training: promotes flexibility and efficiency by learning and sharing skills across roles, enabling coverage for multiple responsibilities and fostering adaptability to enhance overall team effectiveness
Qualifications: MINIMUM QUALIFICATIONS:and#8226; Education: Graduation from an accredited four-year college or universityand#8226; Degree fields: Finance, Accounting, Business Administration, Economics, or a related fieldand#8226; Experience: At least three [3] years of experience in financial analysis and regulatory workand#8226; Substitutions: Each additional year of related experience above the required minimum may substitute for education on a year-for-year basis.OTHER QUALIFICATIONS:and#8226; Share the belief that all Texas students can achieve at high levels and are able to succeed in college, career, or the military.and#8226; Demonstrates a strong customer-service orientation, effectively engaging with both internal and external stakeholders.and#8226; Communicates complex information clearly and effectively, both verbally and in writing, to diverse audiences, including financial advisors and bond counsel.and#8226; Performs and interprets numerical analyses, breaking down complex data into understandable components; asks critical questions and synthesizes insights.and#8226; Proficient in data analysis tools, with advanced expertise in Microsoft Excel.and#8226; Accurate interpretation of statutes, regulations, and financial/bond documents.and#8226; Understand abstract concepts and draw correlations between facts, processes, and mathematical formulas.and#8226; Builds collaborative, professional relationships across teams.and#8226; Creative problem-solver with independent thinking and teamwork skills.and#8226; Commitment to continuous improvement through self-reflection, give/receive feedback, actively listen, and adaptability.and#8226; Highly organized; strong project management skills to meet deadlines across multiple concurrent projects; and meticulous attention to detail with an ability to produce high quality work.and#8226; Excellent written and oral communication skills.and#8226; Knowledge of state facilities funding formulas and programs is preferred.As an equal opportunity employer, we hire without consideration to race, religion, color, national origin, sex, disability, age or veteran status, unless an applicant is entitled to the military employment preference.To review the Military Occupational Specialty (MOS) codes from each branch of the U.S. Armed Forces to each job classification series in the Stateand#8217;s Position Classification Plan (provided by the State Auditor's Office), please access the Military Crosswalk (occupational specialty code) Guide and click on the military and
