SCN Financial Compliance Analyst
About the role
The Indiana Department of Education provides innovative support to Indiana schools, teachers, students, and parents. Our strategic priorities include delivering quality, purposeful educational opportunities for each student, elevating and supporting Indiana’s educators, and increasing partnerships and delivering aligned, effective, and efficient support.
Responsibilities
Conduct comprehensive financial viability reviews for new and existing Child Nutrition Programs (CNP) sponsors.
Analyze budgets, audits, financial statements, cost allocations, internal controls, and cash flow data.
Identify financial instability indicators and recommend corrective actions or heightened oversight.
Maintain financial risk profiles and assist in the development of risk-based monitoring strategies.
Review audits conducted by other entities, assess findings, and determine if corrective action is satisfactory for the organization.
Lead investigations of complaints related to compliance and financial operations.
Perform advanced financial reviews and forensic-style analyses when irregularities are detected.
Trace expenditures, revenue streams, and supporting documentation to validate allowable costs.
Prepare investigative summaries, findings, and evidence to support enforcement actions.
Collaborate with internal auditors, legal counsel, and oversight agencies when necessary.
Conduct regulatory compliance reviews and financial examinations for large, complex institutions and for high-risk institutions.
Assist program staff with financial components of administrative reviews and compliance assessments.
Determine fiscal action, including disallowances and fines.
Develop, improve, and maintain financial review tools, templates, and procedures.
Provide technical assistance and training to sponsors regarding financial compliance requirements.
Ensure state processes align with federal regulations, guidance, and best practices.
Work with other state agencies to ensure our policies align with other auditing agencies and ensure consistent guidance.
Maintain accurate documentation of financial analyses, evidence, and review results.
Recommend policy or procedural changes to strengthen financial accountability.
Prepare reports, briefings, and data summaries for leadership and external stakeholders.
Support initiatives that protect program integrity and promote responsible use of public funds.
Periodic review of CNPWeb claims and payment systems to assess risks and update business rules in accordance with regulatory requirements.
Requirements
The ideal candidate in this role should minimally have either Mastery knowledge in program subject matter obtained through experience and/or education. Broad knowledge of provider agencies and their programs and services. Broad knowledge of all source materials and references including federal and state laws governing the programs. Ability to adapt new statues and guidelines to create and implement new principles and policies and discern any far-reaching implications. Ability to present and represent the agency to both internal and external customers, the public, government officials, and other stakeholders. Analyzing information and evaluating results to choose the best solution and solve problems. Ability to work effectively with a wide variety of stakeholders. Ability to analyze and prepare monthly finance and accounting reports to maintain program budget and grants. Ability to delegate work, set clear direction, and manage workflow. Ability to effectively give feedback, provide guidance or corrective action, coach, and develop employee skillsets.
Qualifications
A degree is not required. However, at least 10 + years of experience applying the outlined knowledge, skills, and abilities in a similar role may be considered. Completion of relevant education degree(s) may substitute for equivalent years of experience.
Skills
The ideal candidate should have the ability to perform essential functions with or without reasonable accommodation.
Benefits
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