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Financial Business Analyst in Augusta, ME at BetterJobs

Date Posted: 2/12/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Augusta, ME
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    2/12/2019

Job Description

Job Description:

Financial Business Analyst

Duration: 10 Months (Contract Position, Benefits Not Provided)

Hourly Rate: $56 W2; $64 CTC/1099

The DOE Data and Finance teams are responsible for the collection and reporting of state wide school, staff and student education data for the purposes of school funding, statutory compliance & governance. The DOE Data and Finance teams are responsible for the technical support and ongoing development, in coordination with OIT, via collection and reporting, of the EPS Funding Model as well as supporting all DOE departments to maintain compliance with state and federal reporting requirements via data compilation and analysis.

The Business Analyst will provide specialized business support to the Data and Finance Teams to:

  • Work with Education Data Systems Manager to ensure all data systems business requirements are accurately gathered, MDOE customers are being served, and communications with OIT and vendors are effective to ensure that data systems meet the needs of MDOE program areas.
  • Assist the Education Data Systems Manager, the School Finance Coordinator and OIT to realign business rules and complex business requirements for the calculation for Essential Programs & Service/General Purpose Aid for Local Schools, its data collections and internal control processes.
  • Document all business rules and complex requirements to ensure the accuracy of the NEO EPS data collection, calculations, and internal validations.
  • Develop internal documentation to support the School Finance Coordinators external EPS calculations, including collection and calculation of all data sets, validation of all data collections, and identification of all internal control points.
  • Seek, identify and recommend processes to maximize efficiency and accuracy of external EPS calculation validation process.
  • Assist in the identification and creation of systemic supports to maintain the NEO subsidy calculation system and the integrity of the underlying data collections via ongoing collaboration with MDOE s Data & Finance Teams and the Office of Information Technology to ensure that the system produces accurate calculations of subsidy allocations for over 250 school administrative units, totaling $2 billion dollars.
  • Work with EDSM & Helpdesk Manager to establish quality assurance practices to ensure Department data systems meet the needs of MDOE program areas and support Department initiatives while being efficient and timely.

Required Skills:

  • Understand complex financial calculations: tasks will include validating interpreted statutory language, preparing narrative documentation of calculations and validating, creating and documenting complex calculations in Excel and other commonly used desktop software
  • Document and describe financial accounting procedures, internal controls and public funding
  • Partner with other stakeholder teams across program areas to develop necessary analysis and documentation in a collaborative way, communicating effectively and efficiently with production and managerial teams
  • Evaluate, analyze, and communicate financial and operational systems requirements on a continuing basis, and maintain systems processes, including the delivery of status reports to all appropriate parties
  • Author and update internal documentation, and formally initiate and deliver requirements and documentation
  • Conduct daily systems analytics to maximize effectiveness and troubleshoot problems including reconciliation reports and error logs