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Finance Coordinator

The Finance Coordinator is responsible for providing critical financial analysis, planning, and reporting support across various state agencies or departments. The individual in this role will be responsible for preparing and reviewing financial statements, conducting complex financial analyses, assisting in budget development, and ensuring compliance with state laws and regulations. This role requires a high degree of financial expertise, attention to detail, and the ability to communicate complex financial information to diverse stakeholders. The Finance Coordinator must be able to work independently, as well as collaboratively with other professionals, to help ensure the state's financial integrity.

Class Code:

FIN02P

Job Grade:

SPC03

Special Job Requirements:

Typical Functions:

Prepare, review, and analyze financial reports, statements, and forecasts, ensuring compliance with Arkansas state accounting and reporting standards. Conduct in-depth financial analysis to identify trends, discrepancies, and opportunities for cost-saving measures or resource optimization. Support the development of financial models and tools to assess financial performance and assist in strategic planning. Review and analyze departmental spending and revenue to ensure budgetary alignment and identify potential risks or opportunities for fiscal improvement. Assist in the preparation and submission of the department’s annual budget, ensuring that all financial data is accurate and aligned with agency or department goals. Monitor ongoing expenditures and budget variances, providing recommendations to department heads and senior management for corrective actions as needed. Collaborate with department managers to ensure that budgets are properly allocated and adhered to, and assist in modifying budgets as circumstances change throughout the fiscal year. Ensure that financial practices and reporting are in full compliance with state and federal regulations, policies, and procedures. Prepare financial reports and documentation for audits and ensure timely and accurate responses to audit inquiries. Develop financial forecasts based on data analysis, historical trends, and department-specific goals to support long-term financial planning. Provide financial recommendations to senior management to aid in decision-making related to budgeting, spending, and resource allocation.

Knowledge, Abilities, and Skills:

Strong ability to analyze large datasets, financial statements, and reports to identify key trends and areas for improvement. Precision and thoroughness in reviewing financial reports, budgets, and accounting records. Ability to identify financial issues, evaluate alternative solutions, and make recommendations for effective resolutions. Excellent written and verbal communication skills to effectively communicate financial information to diverse stakeholders.

Minimum Qualifications:

A Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field is required, plus two (2) years of professional experience in financial analysis, budgeting, or accounting. Satisfaction of the minimum qualifications, including years of experience and service, does not entitle employees to automatic progression within the job series. Promotion to the next classification level is at the discretion of the department and the Office of Personnel Management, taking into consideration the employee’s demonstrated skills, competencies, performance, workload responsibilities, and organizational needs.

Required Certificates:

N/A OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.

Exempt:

E
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