What are the responsibilities and job description for the Financial Analyst position at State of New Mexico?
18.34 - $29.34 Hourly
38,140 - $61,024 Annually
This position is a Pay Band 55
Posting Details
The General Services Department (GSD) supports the operations of state government by providing essential services, including procurement, risk management, facilities management, transportation services, and printing services. The Risk Management Division (RMD) protects the state¿s assets by managing insurance programs, liability claims, and loss prevention initiatives. RMD provides risk assessment, coverage, and mitigation strategies to safeguard state employees, properties, and resources.
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 serves as the liaison between RMIS and SHARE, ensuring accurate payment processing, notations, and reconciliation of attorney fees across both systems. It is also responsible for processing payments related to claim expenses. Payments are batched daily from RMIS to SHARE. Additionally, this position assists with auditing RMIS claim file data as needed.
How does it get done?
Key Responsibilities :
- Enter payments and notations in RMIS to ensure accurate tracking of attorney fees and claim-related expenses.
- Process litigation fee payments to contracted attorneys through a portal where invoices are uploaded, reviewed, and approved via workflow.
- Ensure summary invoices are properly recorded and reconciled in SHARE using purchase orders (POs) and contract modules.
- Maintain accurate records in RMIS for attorney fee payments associated with each claim, ensuring timely and accurate reporting.
- Process claim-related expense payments, such as those for court reporters, expert witnesses, and investigators, batching payments to SHARE for check issuance.
- Collaborate with the RMIS vendor to resolve payment-related system issues.
Who are the customers?
This job is done for Risk Management Division (RMD) leadership, Legislative Finance Committee, Department of Finance Administration, State Budget Division, contract and plaintiff's attorney's and all insured entities in the RMD insurance pool.
Ideal Candidate
The ideal candidate will :
Minimum Qualification
High School diploma or Equivalency and two (2) years experience in bookkeeping, accounting, and / or finance. Any combination of education from an accredited college or university in a related field and / or direct experience in this occupation totaling two (2) years may substitute for the required experience.
Substitution Table
These combinations of education and experience qualify you for the position :
Education Experience 1 High School Diploma or Equivalent AND 2 years of experience 2 Associate's degree or higher (Bachelor's, Master's) AND 0 years of experience
Employment Requirements
Must possess and maintain a valid New Mexico driver license. Must obtain a Defensive Driving Certification once employed.
Working Conditions
Work is performed in an office setting with exposure to Visual / Video Display Terminal (VDT) and extensive personal computer and phone usage. Some sitting, standing, bending and reaching may be required.
Supplemental Information
Benefits :
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Agency Contact Information : Gerardo Ruelas (505) 827-2177 or Gerardo.Ruelas@gsd.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 covered by a collective bargaining agreement and all terms / conditions of that agreement apply and must be adhered to.
Salary : $38,140 - $61,024
