Project Funding Analyst

Work for Indiana

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work‑life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

The Indiana Department of Transportation (INDOT) provides a dynamic workplace that serves Indiana citizens, improves our state’s quality of life, and enhances its economic opportunity. INDOT has a number of innovative programs and projects, including Public‑Private Partnerships, Green Initiatives, and cutting‑edge uses of materials and assets. As part of the State of Indiana, INDOT offers a competitive total compensation package, as well as outstanding work/life balance.

Whether you are an established professional in the transportation field or just starting your career, INDOT has exciting and challenging opportunities for you.

This position serves as a Project Finance Specialist for the Indiana Department of Transportation (INDOT) in the Project Finance Division and is responsible for maintaining the integrity of a system of apportionments, i.e., allocation of federal funds over $1 Billion annually for state and local projects/activities, along with over $3 Billion in state funding spanning over multiyear funding set ups by Congress and the State.

Federal funds are apportioned to the States based on a formula while state funds are identified through legislative efforts through fuel taxes and other sources relevant to highway system use. The employee is responsible for developing and maintaining processes concerning individual federal, state, and local program budgets including the determination of priorities to ensure maximum efficiency of the utilization of federal funds specific to a project and projects in prior and current transportation Acts including clarification of directives and guidelines.

This position reports directly to the Project Funding Supervisor.

• Defines and identifies federal funding allocations to be applied to eligible state and local federal aid projects
• Defines and applies state and local funding allocations based upon project classification
• Ensures all projects are reviewed for federal eligibility and applies federal funds based upon prescribed percentages
• Creates and runs large‑scale reports from People Soft/Encompass and from the Federal Management Information System (FMIS)
• Performs fiscal analysis on funding requests and related material for compliance with established guidelines
• Verifies and makes appropriate adjustments for weekly federal reimbursement requests to the Federal Highway Administration; reimbursements typically range from $5M to $75M
• Regular and frequent consultation with Project Finance staff with regard to operational matters and business practices to ensure financial practices are in compliance with state and federal policies and procedures to support the agency’s capital program
• Ensures federal program eligibility when identifying federal participation and subsequent reimbursement
• Follows and ensures adherence to internal financial controls and reporting that promote consistent processes and procedures in Project Finance
• Performs related duties as assigned

This position is with INDOT's Central Office.

The salary for this position traditionally starts at $53,222.00 but may be commensurate with education and work experience. Use our Compensation Calculator to view the total compensation package.

• Understanding INDOT's capital program and knowing how the application of federal, state, and local funding changes depending on asset types and work being performed
• Managing restrictive funding and knowing the application when projects qualify for multiple types of federal funding
• Reviewing upcoming construction lettings and ensuring STIP (State Transportation Improvement Program) and NEPA (National Environmental Policy Act) requirements are…