HCD Financial Analyst Trainee (C26014) Compliance Officer

About the role

The Division of Finance and Administration is seeking an enthusiastic individual to serve as a Compliance Officer. The Compliance Officer will assist the General Accounting unit’s activities based upon the goals and priorities of the Department.

Responsibilities

• Financial analysis, including examining and interpreting financial data.
• Account reconciliation and variance analysis.
• Cash flow monitoring.
• Supporting the financial analysis and processing of annual expenditures of approximately $800 million, including high-volume RFP disbursements (approximately 30,000 transactions annually).
• Financial analysis of annual revenue, approximately $600 million, including incoming wires and paper checks.
• Performing AP and AR aging analysis to monitor outstanding balances, identify delays in payments and collections, and evaluate trends impacting cash flow and operational efficiency.
• Conducting financial calculations with account reconciliations, including 99DEP, 99CBK, 84175, petty cash, and working fund, and conducting variance analysis to identify discrepancies, unusual trends, and reconciliation differences, ensuring timely resolution in coordination with internal controls, and the Accounting Procedures manual (APM) internal units and external agencies.

Requirements

• Education: A Bachelor’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university.
• Experience: None.
• Desired or Preferred Qualifications: Experience using various software such as FMIS, Microsoft Office, and Google Suite; Experience with revenue and expenditure projections (i.e., forecasting expenses, overseeing federal grant funding, experience with variant analysis and reporting); Strong analytical skills and problem-solving skills, creating financial models using advanced Excel formulas or preparation and review of financial statements and disclosures.

Qualifications

• A Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination may be substituted for the educational requirement.
• Candidates may substitute one year of professional financial analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles for 30 credits on a year-for-year basis for the required education.
• Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the accounting field of work on a year-for-year basis for the required education.

Benefits

• Contractual employees who work for an agency covered under the State Employee and Retiree Health and Welfare Benefits Program, have a current employment contract and work 30 or more hours a week (or on average 130 hours per month) may be eligible for subsidized health benefits coverage for themselves and their dependents.
• The State of Maryland will subsidize the remaining 75% of the cost for these benefits.
• You can also elect to enroll in dental coverage, accidental death and dismemberment insurance, but will be responsible to pay the full premium of these benefits.
• Leave may be granted to a contractual employee who has worked 120 days in a 12 month period. This leave accrues at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.