Financial Analyst III

Financial Analyst III

The Utah Department of Transportation (UDOT), within the Comptroller's Office, seeks a highly organized and technically proficient accounting professional to manage complex project accounting and federal-aid reimbursement activities for the State Highway Construction Program. This role is crucial for ensuring the financial integrity and compliance of multi-million dollar federal and state highway projects. This critical position is responsible for executing a comprehensive range of project accounting duties essential for the financial management of the Federal-aid and State Highway Construction Programs. Accounting activities may include accounts receivable, collections, audit research, and monitoring reports pertaining to financial management matters on the Federal-aid and State Highway Program projects. Other duties include reviewing project accounting documents for accuracy, performing adjustments to accounts, preparing reports, monitoring activity and requesting drawdowns on Federal Grants, and monitoring UDOT and highway project budgets. This position requires advanced skills in utilizing computerized finance systems. Our ideal candidate is someone who has advanced proficiency in utilizing and navigating complex computerized finance and accounting systems. They are also someone who can demonstrate strong organizational, technical, and analytical skills, which are essential for success in this role.

Principal Duties As a Financial Analyst III, your duties include :

• Monitoring and analyzing financial reports related to the Federal-aid and State Highway Program projects to ensure financial stability and accurate reporting.
• Serving as a technical expert to region project managers on Federal-aid and cost accounting matters.
• Preparing and submitting requests for Federal Grant drawdowns, ensuring maximum and timely utilization of federal funding.
• Monitoring project activity and financial data to accurately prepare reports for management and external stakeholders.
• Performing diverse accounting activities, including accounts receivable management and collections, ensuring timely recovery of funds.
• Conducting in-depth audit research and providing necessary documentation to maintain compliance with federal and state regulations.
• Executing complex adjustments and corrections to project accounts within the Vantage Financial system.
• Monitoring and tracking UDOT and highway project budgets, identifying variances and contributing to budgetary control efforts.
• Preparing and processing Cooperative and Betterment Agreement billings to local governments and other third parties.
• Monitoring and following up on "Inactive" Federal-aid projects.
• Participating in monthly joint finance meetings with the Federal Highway Administration and UDOT's Program Finance team.

Minimum Qualifications In order to qualify, you must have all of the following :

Preference may be given to individuals with a Bachelor's degree or higher in Accounting or other business-related field OR equivalent experience.

Knowledge, Skills, & Abilities Here are some knowledge, skills, and abilities that are typically associated with the job, though not all-inclusive :

Supplemental Information Here is some information you should be aware of :

Why Should You Join Our Team?

The work we do matters. If you want to make a positive difference doing meaningful work, this is the right place for you. Our mission statement is, "Enhance quality of life through transportation." We define quality of life through a framework of Good Health, Connected Communities, Better Mobility, and Strong Economy. We help the State of Utah and its traveling public to get to where they want, when they want, in the way they want and we make sure they can do it safely.

You will become part of a team with an internal culture of Trust, Teamwork, and Flexibility. Our organization lives by the values of Respect, Integrity, and Caring. If these are your values too, you'll be a great fit.

Aside from working for a cause-driven, cutting edge agency that is leading all other transportation departments in the nation, you will receive great health and retirement benefits. Working for the State of Utah provides a positive work-life balance.

The Agency UDOT is a strengths-based organization, which means its approach is based on identifying and developing individual and organizational strengths. Our philosophy is to address challenges by bringing our strengths to each situation and create the best solutions.