What are the responsibilities and job description for the Financial Analyst III position at State of New Mexico?
26.33 - $42.12 Hourly
54,760 - $87,616 Annually
This position is a Pay Band 70
Posting Details
The New Mexico Higher Education Department (NMHED) works to encourage all New Mexicans to pursue a college education by making it more accessible and affordable. The department holds a statewide vision for higher education in which New Mexicans have the ability to achieve the highest level of education they desire, are ensured a seamless educational experience from pre-school through college, can afford to attend one of New Mexico's fine institutions and will succeed once enrolled, and will be prepared to participate in New Mexico's high wage workforce.
THIS POSTING WILL BE USED FOR ONGOING RECRUITMENT AND MAY CLOSE AT ANY TIME. APPLICANT LISTS MAY BE SCREENED MORE THAN ONCE.
Why does the job exist?
This position exists to ensure the accurate and timely delivery of financial services to the agency. It plays a critical role in the annual year-end financial audit by preparing financial statement schedules, reconciling general ledger transactions, and maintaining the trial balance. Additionally, the position contributes to the development of the agency¿s annual Operating Budget and Appropriation Request. It also requires familiarity with contract management processes and serves as a backup for contract-related responsibilities. Due to the agency's size, the role necessitates cross-training and involvement in various accounting functions, including contract processing, grant monitoring, accounts payable and receivable, and financial reconciliations.
How does it get done?
Duties for this position include :
- Reviewing and reconciling financial accounts, including payroll and month-end cash reconciliations
- Process federal grant draws, deposits, and ensure compliance with reporting requirements
- Research and correct discrepancies through journal entries and financial analysis
- Assist in preparing the annual operating and appropriation budget requests, tracking expenditures, and generating reports
- Route contracts for approval, create purchase orders, and process contract payments
- Manage accounts payable and receivable, including processing vouchers, deposits, and maintaining records in the SHARE system
- Supporting the annual audit with reconciliations, documentation, and financial reporting
Who are the customers?
This position serves HED leadership, employees, associated agencies, local organizations and students enrolled in New Mexico Higher Education Institutions.
Ideal Candidate
The ideal candidate will have :
Minimum Qualification
Bachelor's degree in Accounting, Finance, or Business Administration and four (4) years of experience in accounting, finance, economics, and / or statistical analysis. Any combination of education from an accredited college or university in a related field and / or direct experience in this occupation totaling eight (8) years may substitute for the required education and experience.
Substitution Table
These combinations of education and experience qualify you for the position :
Education Experience Education Experience 1 High School Diploma or Equivalent AND 8 years of experience OR High School Diploma or Equivalent AND 8 years of experience 2 Associate's degree in the field(s) specified in the minimum qualification AND 6 years of experience Associate's degree or higher in any field AND 8 years of experience 3 Bachelor's degree in the field(s) specified in the minimum qualification AND 4 years of experience 4 Master's degree in the field(s) specified in the minimum qualification AND 2 years of experience 5 PhD degree in the field(s) specified in the minimum qualification AND 0 years of experience
Employment Requirements
Must possess and maintain a valid driver's license.
Working Conditions
Work is performed in an office setting with exposure to Visual / Video Display Terminal (VDT), extensive personal computer and phone usage.
Supplemental Information
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Agency Contact Information : Lisa Alcaraz (505) 476-8435 Lisa.Alcaraz@hed.nm.gov Email
For information on Statutory Requirements for this position, click the Classification Description link on the job advertisement.
Bargaining Unit Position
This position is not covered by a collective bargaining agreement.
Salary : $54,760 - $87,616
