- Hourly / - BiWeekly /
- Monthly / $46,942.00-$74,933.00 Yearly
SKILLED SERVICE BARGAINING UNIT: G OVERTIME ELIGIBLE NCP
SKILLED SERVICE BARGAINING UNIT: G OVERTIME ELIGIBLE NCP
A Housing and Community Development (HCD) Financial Analyst Trainee is the entry level of work examining, analyzing, and interpreting financial data for the Department of Housing and Community Development (DHCD). Employees perform financial analysis of one or several HCD programs including but not limited to State funded loan portfolio, multi-billion-dollar Community Development Administration (CDA) mortgage loan portfolio (financed with revenue bond proceeds), bond and loan accounting, cost accounting, federal fund accounting, grant accounting, systems accounting, State budget process, or general accounting. Employees in this classification do not supervise other positions.
Employees in this classification receive close supervision from a HCD Financial Analyst Supervisor, a HCD Financial Analyst Manager, or designated administrator. The work may require travel throughout the State of Maryland to attend conferences, hearings or meetings.
Positions in this classification are evaluated using the classification job evaluation methodology. The use of this method involves comparing the assigned duties and responsibilities of a position to the job criteria found in the Nature of Work and Examples of Work sections of the classification specification.
The HCD Financial Analyst Trainee, HCD Financial Analyst I, HCD Financial Analyst II and HCD Financial Analyst III are differentiated on the basis of degree of supervisory control exercised by the supervisor over these employees. The HCD Financial Analyst Trainee and the HCD Financial Analyst I perform duties under close supervision. The HCD Financial Analyst II performs duties under close supervision at times and under general supervision at other times depending on the complexity of the specific duty being performed. The HCD Financial Analyst III performs the full range of duties and responsibilities under general supervision.
Knowledge of Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), fiscal control reporting, commercial accounting systems and State/federal reporting requirements;
Ability to learn structured financial products, real estate finance, investments, mortgage-backed securities, loan amortization and servicing, fixed and variable rate debt securities, and financial hedging tools;
Ability to learn financial transactional structuring, fiscal control reporting, and commercial loan servicing;
Ability to learn cost, systems, federal fund, grant and/or bond and loan accounting;
Ability to prepare, analyze, and interpret complex financial reports and statements;
Ability to learn to use computerized financial analysis and modeling applications and software including but not limited to spreadsheet software and database applications;
Ability to learn financial analysis and reporting methods as they relate to cost accounting, systems accounting, federal fund accounting, grant and/or bond and loan accounting;
Ability to learn to prepare clear, accurate and detailed reports;
Ability to interpret and apply State and federal laws, policies, rules, and regulations pertaining to HCD financial and budgeting operations;
Ability to establish and maintain professional working relationships with customers, employees, supervisory and management staff, personnel from other agencies and institutions, and the general public;
Ability to effectively organize and manage work assignments and meet deadlines;
Ability to communicate effectively.
Education: A Bachelor’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university.
1. A Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination may be substituted for the educational requirement.
2. Candidates may substitute one year of professional financial analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles for 30 credits on a year-for-year basis for the required education.
3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the accounting field of work on a year-for-year basis for the required education.
Class specifications are broad descriptions covering groups of positions used by various State departments and agencies. Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.
This is a Skilled Service classification in the State Personnel Management System. All positions in this classification are Skilled Service positions. Some positions in Skilled Service classifications may be designated Special Appointment in accordance with the State Personnel and Pensions Article, Section 6-405, Annotated Code of Maryland.
This classification is assigned to Bargaining Unit G, Engineering, Scientific and Administrative Professionals classes. As provided by the State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded from collective bargaining. Additionally, certain executive branch agencies are exempt from collective bargaining and all positions in those agencies are excluded from collective bargaining.
Employees in this classification are eligible to receive overtime compensation. An employee who works more than the normal workweek is entitled to be compensated for that overtime as provided by State Personnel and Pensions Article, Section 8-305.
This classification is one level in a Non-Competitive Promotion (NCP) series. NCP promotions are promotions by which employees may advance in grade and class level from trainee to full performance level in a classification series. In order to be non-competitively promoted to the next level in a NCP series, an employee must: 1) perform the main purpose of the class, as defined by the Nature of Work section of the class specification; 2) receive the type of supervision defined in the class specification and 3) meet the minimum qualifications of the classification.
Director, Division of Classification and Salary