Financial Analyst
Date Posted: Feb 5, 2026
Requisition ID: 472059
Location:
Indianapolis, IN, US, 46204
Work for Indiana
Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.
About the Department of Financial Institutions :
The Indiana Department of Financial Institutions (DFI) works to promote growth and prosperity of local Indiana communities through effective and common-sense regulation. We regulate and supervise financial services providers in a manner that protects the interest of depositors, borrowers, shareholders, and consumers.
We seek qualified candidates that embrace a dynamic and high-performing work environment that has well-identified career pathways and significant opportunities to progress throughout the organization.
Role Overview:
As a Financial Analyst, you will play a key role in ensuring the agency's financial operations run smoothly and efficiently. This position involves analyzing financial data, monitoring budgets, and supporting payroll, procurement, accounts payable, and contract administration functions. You will provide actionable insights to leadership, maintain compliance with state guidelines, and help optimize financial processes to support strategic goals.
Salary Statement:
The salary for this position traditionally starts at $53,222.00 but may be commensurate with education or work experience.
A Day in the Life:
The essential functions of this role are as follows:
Prepare monthly personnel and labor reports and assist with Department of Labor submissions.
Develop and maintain accurate financial records and reports for leadership review.
Monitor budgets and encumbrances to ensure adequate funding for agency operations.
Collaborate with supervisors to forecast financial needs and manage procurement activities.
Track inventory and oversee procurement card and travel card programs.
Ensure payroll accuracy by resolving discrepancies and processing corrections.
Process invoices promptly and manage vendor relationships to resolve disputes.
Maintain accurate supplier records and assist with onboarding new vendors.
Support contract creation and compliance using the State's Supplier Contract Management System (SCM).
Track contract remuneration, renewals, and amendments, ensuring timely updates.
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.
Through knowledge of federal and state laws, policies, and procedures as they pertain to public finance programs.
Through 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.
The ideal candidate in this role should minimally have either
a Bachelor's Degree and 1+ year of experience, or
an Associate's Degree and 3+ years of experience, or
at least 5+ years of experience applying the below, outlined knowledge, skills, and abilities in a similar role.
Related certifications and coursework may be considered for education or experience.
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 Rewards Program: Complete wellness activities to earn gift card rewards
Health savings account, which includes bi-weekly state contribution
Deferred compensation 457(b) account (similar to 401(k) 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 and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
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 and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov.
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