Finance Analyst - Finance Specialist

Position: Finance Analyst - Finance Specialist 2
** Working Title** :  
** Finance Analyst*
* ** Job Class:
Finance Specialist 2*
* ** Agency:
Minnesota Management & Budget*
* +  
** Job :
** 97599

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*
* Location:

** St. Paul, MN

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** Telework Eligible** :
Yes

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** Full/Part Time** :
Full-Time

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** Regular/Temporary:
** Unlimited

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** Who May Apply:
** Open to all qualified job seekers

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** Date Posted:
** 10/09/2026

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** Closing Date:
** 10/15/2026

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** Hiring Agency/Seniority Unit:
** Minnesota Management & Budget

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** Division/Unit:
** Employee Insurance/Financial Auditing

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** Work Shift/

Work Hours:

** Day Shift

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** Days of Work:
** Monday - Friday

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** Travel Required** :
No

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

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** Classified Status:
** Classified

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** Bargaining Unit/Union:
** Nonrepresented Employees Compensation Plan

+ Designated in Connect 700 Program for Applicants with Disabilities ((Use the "Apply for this Job" box below)./connect
700/)  **:
** 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 ()  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 () .

+ 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,…