Finance Analyst - Finance Specialist 2

Working Title : Finance Analyst

Job Class: Finance Specialist 2

Agency: Minnesota Management & Budget

• Job ID: 97599

• Location: St. Paul, MN

• Telework Eligible : Yes

• Full/Part Time : Full-Time

• Regular/Temporary: Unlimited

• Who May Apply: Open to all qualified job seekers

• Date Posted: 10/09/2026

• Closing Date: 10/15/2026

• Hiring Agency/Seniority Unit: Minnesota Management & Budget

• Division/Unit: Employee Insurance/Financial Auditing

• Work Shift/Work Hours: Day Shift

• Days of Work: Monday - Friday

• Travel Required : No

• Salary Range: $34.07 - $50.53 / hourly; $71,138 - $105,507 / annually

• Classified Status: Classified

• Bargaining Unit/Union: Nonrepresented Employees Compensation Plan

• Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : Yes

The work you'll do is more than just a job.

At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.

Minnesota Management and Budget (MMB) is seeking a Finance Analyst to support the financial operations of the State Employee Group Insurance Program (SEGIP) and Public Employees Insurance Program (PEIP). This role is responsible for preparing financial statements, conducting internal audits, developing financial models, and supporting budgeting and forecasting activities for programs serving more than 170,000 members statewide. The Finance Analyst ensures financial data is accurate, compliant with accounting standards, and useful for decision-making, procurement strategies, and collective bargaining.

The Finance Analyst works closely with the Finance Manager, Employee Insurance leadership, vendors, and partners across state government to validate financial information, maintain strong internal controls, and provide actionable analyses. This role plays a key part in supporting SEGIP’s $1 billion annual program and PEIP’s statewide operations.

Job duties for this position include:

• Preparing quarterly and annual financial statements for SEGIP, PEIP, and pretax programs by compiling, validating, and analyzing data from SWIFT, SEMA4, Benefit Billing, plan administrators, and data warehouse systems.

• Supporting annual budgeting and forecasting by building projections, monitoring financial performance, tracking vendor rebates, and preparing variance explanations for management.

• Conducting internal audits of SEGIP and PEIP fiscal and operational functions, reviewing accounting controls, documenting findings, and monitoring corrective actions to ensure compliance with laws, regulations, and accounting standards.

• Developing and maintaining financial models to assess benefit design impacts, eligibility changes, revenue and expenditure trends, and collective bargaining proposals—including sensitivity analyses, scenario modeling, and cost projections.

• Completing special projects and ad hoc analyses such as executive briefings, legislative inquiries, and procurement evaluations, providing clear and actionable recommendations.

Telework (https://mn.gov/mmb-stat/policies/1422-telework.pdf) options for this position are dependent on where the employee lives. With approval, employees that live within 50 miles from the primary work location may telework up to 50%. Employees that live 50 miles or more from the primary location and live in Minnesota may telework more than 50% with approval.

Minimum Qualifications

To facilitate proper years of service crediting, please ensure that your resume clearly describes your experience in the areas listed and indicates the beginning and ending month and year for each job held. Candidates must clearly demonstrate all the following qualifications on their resume. Resume tips are available here (https://mn.gov/mmb/careers/applicant-help/resume-tips/) .

• Three (3) years of experience performing financial reporting, auditing, or accounting analysis for a large organization.

Experience must include:

• Preparing financial statements in accordance with generally accepted accounting principles (GAAP).

• Conducting audits or compliance reviews, including verifying transactions, assessing internal controls or risk areas, and documenting findings with recommended corrective actions.

• Building or maintaining financial forecasts or models, including structuring large datasets, applying assumptions, validating outputs, and performing variance analysis to support decision-making.

• Proficiency with spreadsheet and data-analysis software sufficient to design and create detailed reports using various formulas and functions to organize and interpret large datasets.

Qualifications to be assessed during the interview process:

• Strong communication and interpersonal skills sufficient to communicate financial information clearly, establish and maintain effective working relationships, and work cooperatively with managers, leadership, and cross-functional partners.

• Demonstrated respect for diversity and a deep commitment to fostering an inclusive and collaborative work environment.

A bachelor’s degree in finance, accounting, or business administration field may substitute for one (1) year of experience. A master’s degree in the previously listed fields may substitute for eighteen months of experience. A doctorate degree in the previously listed fields may substitute for two (2) years of experience.

Preferred Qualifications

MMB values diverse perspectives and encourages all qualified candidates to apply, even if they do not meet 100% of the preferred qualifications. Your unique skills and background might be just what we need!

• Bachelor’s degree or higher in finance, accounting, or business administration.

• Experience supporting financial reporting, auditing, or budgeting within a state government or other large public-sector organization.

• Experience using the Statewide Integrated Financial Tools (SWIFT) system or another large-scale accounting system to analyze and interpret fiscal data, extract data and perform ad hoc financial reports.

• Experience working with SEMA4 to access, interpret, or reconcile payroll or benefits data.

• Knowledge of insurance benefit administration and bargaining agreements rules and regulations and the states regulations relative to insurance benefit administration.

Additional Requirements

It is the policy of Minnesota Management and Budget that a successful candidate must pass all required checks prior to employment which may consist of the below checks:

• SEMA4 records check (applies to current and past state employees only)

• Criminal history check

• Reference check

• Social Security and address verification

• Education verification

• Conflict of interest review

• Other legally or internal policy required checks

A criminal history does not automatically disqualify candidates, and each case will be reviewed individually on a case-by-case basis and in alignment with fair and equitable hiring practices.

Minnesota Management & Budget does not participate in E-Verify. Minnesota Management & Budget will not sponsor applicant work visas, including F-1 STEM OPT extensions. All applicants must be legally authorized to work in the United States.

AN EQUAL OPPORTUNITY EMPLOYER

Minnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status.

Reasonable accommodations will be made to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email [email protected] . Please indicate what assistance is needed.