FINANCIAL ANALYST 2

AZ State Jobs; Phoenix (AZ); Hybrid; USD 62,000 - 67,000; Full time

Benefits offered by this job

Flexible remote work within Arizona

Health insurance

Paid holidays

Paid vacation and sick time

Parental Leave

Tuition Reimbursement

Job summary

Department of Economic Security (DES) in Phoenix seeks a seasoned Financial Analyst 2 to lead financial forecasting, variance analysis, federal reporting, and fiscal monitoring across high-profile agency programs.

You will prepare advanced fiscal reports and analyze spending trends, serving as a primary liaison between FSA and leadership, with potential for remote work within Arizona based on performance and needs.

Qualifications

• Knowledge of governmental accounting standards and budget processes.
• Strong analytical and reporting capabilities.
• Ability to communicate complex fiscal concepts clearly.

Responsibilities

• Act as liaison between FSA and program divisions for fiscal guidance.
• Forecast and analyze expenditures and revenues for short- and long-term planning.
• Manage fund transfers, journal vouchers, and budget adjustments.
• Evaluate impacts of pending legislation on fiscal operations.
• Prepare cost-benefit analyses and collaborate on strategic initiatives.

Skills

Governmental accounting standards

Public budget processes

Forecasting methodologies

Education

Bachelor’s degree in Accounting, Finance, Economics, or Business Administration

Tools

Enterprise financial software

ERP systems

Advanced spreadsheet tools

Job description

DEPARTMENT OF ECONOMIC SECURITY

Your Partner For A Stronger Arizona. DES works with families, community organizations, advocates and state and federal partners to realize our collective vision: A thriving Arizona. DES serves more than 3 million Arizonans. Our Mission is to strengthen individuals, families, and communities for a better quality of life.

FINANCIAL ANALYST 2

Job Location:

Division of Financial Operations Financial Services Administration 1789 West Jefferson Street, Phoenix, AZ 85007

Salary: $61,591 - $67,100

Grade: 21

Closing Date: October 15, 2026

Job Summary:

Would you like to be part of an amazing team that makes Arizona thrive? At the Department of Economic Security (DES) we strengthen individuals, families, and communities for a better quality of life. DES is looking for individuals that are committed to service, community, and teamwork. To learn more about DES please visit des.az.gov; or click on the link here to view ‘Our DES’ video. Come Join the DES Team! The Department of Economic Security, Financial Services Administration (FSA), is seeking an experienced, analytical, and detail-oriented Financial Analyst 2. In this role, you will hold primary responsibility for financial forecasting, variance analysis, federal reporting, and fiscal monitoring across high-profile agency programs. As a core member of the team, you will prepare advanced fiscal reports, analyze complex spending trends, evaluate the fiscal impact of proposed legislation, and execute critical cost-benefit and break-even analyses. Additionally, you will serve as the primary financial liaison between FSA and programmatic leadership, collaborating closely with key external stakeholders including the Governor’s Office of Strategic Planning and Budgeting (OSPB) and the Joint Legislative Budget Committee (JLBC). This position may offer the ability to work remotely, within Arizona, based upon the department's business needs and continual meeting of expected performance measures. The State of Arizona strives for a work culture that affords employees flexibility, autonomy, and trust. Across our many agencies, boards, and commissions, many State employees participate in the State’s Remote Work Program and are able to work remotely in their homes, in offices, and in hoteling spaces. All work, including remote work, should be performed within Arizona unless an exception is properly authorized in advance.

Job Duties:

Essential Duties and Responsibilities include but are not limited to:

• Financial Consultation & Liaison: Act as the single point of contact between FSA and assigned program divisions, providing expert guidance, customer support, and strategic fiscal consultation.
• Trend Analysis & Forecasting: Research, monitor, and analyze expenditure and revenue trends to report fiscal health and generate accurate short- and long-term forecasts with minimal supervision.
• Fiscal Transactions & Budget Adjustments: Determine funding requirements, initiate fund transfers, drawdowns, journal vouchers, and expenditure corrections, and manage expense budget loads and appropriation modifications.
• Policy & Legislative Impact Analyses: Review, research, and evaluate pending state and federal legislation, policy updates, and funding adjustments to determine fiscal and operational impacts.
• Reporting & Collaboration: Prepare in-depth cost-benefit analyses, maintain historical funding records and caseload data, and partner across divisions in problem-solving sessions and strategic initiatives.

Knowledge, Skills & Abilities (KSAs):

Knowledge of:

• Governmental accounting standards, fiscal principles, and state/federal budget processes.
• Principles and practices of public business administration, organizational finance, and budgetary control.
• Statistical and financial analysis theories, forecasting methodologies, and formal reporting techniques.

Skills in:

• Advanced oral and written communication, including translating complex fiscal concepts for diverse audiences.
• Initiating and processing expenditure corrections, journal vouchers, and budget transfers.
• Utilizing enterprise financial software, ERP systems, and advanced spreadsheet tools for financial modeling.
• Time management, process optimization, and critical problem solving.

Ability to:

• Synthesize, evaluate, and interpret large volumes of financial data accurately and prioritize multiple high-priority deliverables.
• Formulate viable, data-driven solutions to fiscal challenges with minimal oversight.
• Establish and maintain effective, collaborative working relationships with internal teams, leadership, and external oversight agencies.

Selective Preference(s):

The ideal candidate for this position will have:

• Bachelor’s degree in Accounting, Finance, Economics, or Business Administration (with a concentration in Accounting, Finance, or Economics) from an accredited college or university.
• 1-5 years of demonstrated experience with governmental accounting, state budget systems, and federal grant reporting is highly preferred.

Pre-Employment Requirements:

• If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements. Successfully pass background and reference check; employment is contingent upon completion of the above-mentioned process and the Agency’s ability to reasonably accommodate any restrictions.
• All newly hired State employees are subject to and must successfully complete the Electronic Employment Eligibility Verification Program (E-Verify).

Benefits:

• Affordable medical, dental, life, and short-term disability insurance plans
• Participation in the Arizona State Retirement System (ASRS) and long-term disability plans
• 10 paid holidays per year
• Paid vacation and sick time
• Paid Parental Leave-Up to 12 weeks per year paid leave for newborn or newly-placed foster/adopted child.
• Deferred compensation plan
• Wellness plans
• Tuition Reimbursement
• Stipend Opportunities
• Infant at Work Program
• Rideshare and Public Transit Subsidy
• Career Advancement & Employee Development Opportunities

By providing the option of a full-time or part-time remote work schedule, employees enjoy improved work/life balance, report higher job satisfaction, and are more productive. Remote work is a management option and not an employee entitlement or right. An agency may terminate a remote work agreement at its discretion.

Learn more about the Paid Parental Leave program here. For a complete list of benefits provided by The State of Arizona, please visit our benefits page.

Retirement:

State employees are required to participate in the Arizona State Retirement System (ASRS), the State sponsored retirement contribution plan and the Long-Term Disability (LTD) program after a 27-week waiting period. The ASRS defined benefit plan provides for life-long income upon retirement. You will also have the option to participate in a voluntary deferred compensation program to take advantage of tax-deferred retirement investments. On, or shortly after, your first day of work you will be provided with additional information about the available insurance plans, enrollment instructions, submission deadlines and effective dates.

Contact Us:

For questions about this career opportunity, please contact [e-mail]. The State of Arizona is an Equal Opportunity/Reasonable Accommodation Employer. Persons with a disability may request a reasonable accommodation such as a sign language interpreter or an alternative format by contacting [e-mail]. Requests should be made as early as possible to allow time to arrange the accommodation.