Financial Analyst; Contracts and Receivables at State of Washington Office of Financial Manage

Financial Analyst (Contracts and Receivables)

Location:

Olympia, WA.

Starting salary offer will be determined within the range of $60,000 - $76,000 annually based on the successful candidate’s qualifications within the budgeted salary range. There is potential for longevity growth and progression in salary once employed.

This position is flexible/hybrid, allowing work from home and some travel to monthly/quarterly in-person meetings.

As a Financial Analyst within the Fiscal and Operations Unit, you will provide contract and billing services. You will be responsible for updating and ensuring the Agency Billing System and accounts receivable system accurately reflects the Central Service Model receivables for OFM and GOV as well as a large volume of interagency agreements and contracts receivable. This includes reconciling general ledgers associated with accounts receivable using the accounts receivable system, Enterprise/Web Intelligence reporting, and subsidiary tracking systems.

You will play a pivotal role in the transition to Workday as the agency expert on all accounts receivable for OFM/GOV/OII. You will support accounts payable functions by auditing and verifying disbursements to vendors, maintaining customer accounts, entering fiscal transactions, and preparing periodic reports and statements for agency management.

The Office of Financial Management (OFM) serves as a crucial part of the decision‑making that the governor, Legislature, and state agencies do each year. As an employee of OFM, you will be part of a dedicated team that works hard to provide vital information and services to serve the people of Washington.

• Foster an environment of diversity, equity, inclusion, and belonging. We strive to hire, cultivate, and retain a competitive workforce that reflects the communities we serve.
• Encourage a healthy life/work balance by offering flexible/alternative work schedules, a wellness program, mobile arrangements, and telework opportunities.
• Provide coverage options for medical, dental, vision, and basic life insurance.
• Opportunity to enroll in state retirement programs and a deferred compensation plan.
• A minimum of 14 days of vacation leave per year and 12 paid holidays throughout the calendar year.
• OFM offers a commute trip reduction program, tuition reimbursement, membership to statewide Business Resource Groups, and an Infants-at-Work program.

In this role, you will be responsible for the following:

• Accurate and timely processing of all accounts receivable invoices for the Office of Financial Management (OFM), the Office of the Governor (GOV), and Office of Independent Investigations (OII).
• Develop an electronic tracking system for all monthly, quarterly, and annual invoicing for OFM/GOV/OII.
• Review contracts to identify accounts receivable implications.
• Research discrepancies regarding past‑due accounts and process corrections as needed.
• Provide monthly, quarterly, and annual reporting to agency leadership related to outstanding receivables.
• Develop reconciliation processes for the accounts receivable system for applicable general ledger accounts.
• Document all processes to ensure readiness for Workday customer (accounts receivable) processing and compare current processes to Workday processes to identify deficiencies.
• Audit daily accounts payable transactions.
• Review and verify batch transactions match the intended results of the payment batch (e.g., correct vendor paid, coding, dollar amounts).
• Maintain detailed payable contract agreement records and interagency agreement tracking to ensure agency is following contracts.
• Develop electronic processes to track and update contracts and balances. Communicate with agency leadership if activity is more than contracted values or if the contract exceeds dates of agreement.
• Actively participate in monthly financial statement review (pre‑close meeting).
• Process corrections so that month‑end financial statements are accurate and complete.
• Communicate with agencies regarding outstanding/aged receivable balances.
• Identify outstanding receivables and connect with other agencies to ensure documents…