Financial Analyst I

At State Fund, we pride ourselves on fostering a supportive and inclusive culture where work life balance is not just a concept but a reality. Everyone can contribute and succeed, leading to a more innovative, productive, and positive workplace. Do you enjoy working in a fast paced team environment? Is providing quality customer service important to you? If so, State Fund has the job for you!


Under the general direction of the Director of Finance Excellence, the Financial Analyst I performs routine analytical work to support budgeting, forecasting, financial reporting, and year round financial consulting services. The position participates in a rotational development program across Financial Operations, Financial Planning & Analysis, Financial Reporting, and Finance Systems & Data Support. The incumbent builds foundational technical skills, strengthens business acumen, and contributes to special projects that support enterprise priorities.


Duties include, but are not limited to:

• Conducting research and data gathering for budget variance analysis, forecasting, planning, and ad hoc reporting
• Maintaining financial models, dashboards, and management reporting tools
• Analyzing financial and operational data to identify trends, issues, and insights
• Supporting Hyperion reporting, data validation, and system updates
• Assisting in preparing financial materials for senior leadership and the Board
• Participating in planning cycles, budget entry, cost center maintenance, and review of financial assumptions
• Supporting cross functional initiatives and contributing to process improvements
• Participating in rotational assignments to develop broad functional expertise

The ideal candidate will possess:

• Foundational knowledge of accounting principles and financial analysis
• Ability to gather, analyze, and interpret financial and operational data
• Strong analytical, problem solving, and critical thinking skills
• Ability to learn new systems, tools, and analytical methods
• Effective written and verbal communication skills, including the ability to present financial information clearly
• Ability to work independently, manage shifting priorities, and deliver high quality work
• Interest in developing long term expertise in financial planning, reporting, and financial systems

Training & Development may be considered.
This position may be filled at one of the following State Fund locations:
Pasadena, Glendale, Pleasanton, San Francisco, Sacramento, or Vacaville .


You will find additional information about the job in the Duty Statement .

Working Conditions


The successful candidate must reside in California upon appointment.

Selected candidate(s) hired may be required to attend in-person Onboarding at our Vacaville office with expenses for attendance paid by State Fund.


Minimum Requirements You will find the Minimum Requirements in the Class Specification.

• RESEARCH DATA ANALYST I

Additional Documents

• Job Application Package Checklist
• Duty Statement

Position Details Job Code #:
JC-519320


Position #(s):
View phone number on click.appcast.io-XXX

Working Title:
Financial Analyst I


Classification:
RESEARCH DATA ANALYST I $4,469.00 - $5,079.00 A
$4,611.00 - $5,495.00 B
$5,529.00 - $6,922.00 C
New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.


# of Positions:
Multiple


Work Location:
United States


Telework:
Telework


Job Type:
Permanent, Full Time


Facility:
Talent Acquisition/Staffing


Department Information
State Fund is California's largest provider of workers' compensation insurance. Established in 1914 by the state legislature, we offer diverse and comprehensive products and services that provide a strong and stable option for employers and injured employees with fast, reliable claims service and medical and indemnity benefits.

Our culture centers on our purpose and values. We exist to provide fairly priced workers' compensation insurance, make workplaces safe, and restore injured workers. To fully represent California, we are committed to our employees by embracing and celebrating our diverse workforce and fostering inclusion to make the workplace a dynamic environment for all. We recognize and reward high performance, yet value a healthy work/life balance.


Department Website:


Special Requirements
Required Education


Incumbents must possess 12 semester or 18 quarter units course work in any combination of a data driven research-related field, such as economics, mathematics, psychology, sociology, demography, geography, anthropology, statistics, data science or a research-related field. This must include at least one course in statistical methods ; and equivalent to graduation from an accredited college with a bachelor's degree. Work experience may be substituted on a year-for-year basis by applicants who have the required units mentioned above.


Effective July 1, 2025, the State of California implemented the Personal Leave Program 2025 (PLP 2025) which reduces an employee's monthly salary in exchange for leave credits. Employees appointed to this classification will have their monthly salary reduced and will accrue hours of PLP 2025 on the first day of each pay period in accordance with the applicable bargaining contract. The salary range(s) included on this job posting do not reflect the reduction in pay.

To be considered, you must provide a fully completed STD 678 application, and resume. Alternative documents submitted in lieu of required Application, Resume, and/or Statement of Qualifications will be removed from the applicant pool. Completed STD 678 must include duties performed, start and end dates, and hours worked per week for each position held or they will not be accepted.

Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, have LEAP eligibility, or have SROA and/or Surplus eligibility may be considered.

Artificial intelligence (AI) tools such as ChatGPT, website searches, and third-party reviewers can be helpful in researching responses to the SOQ; however, by submitting your application for this position, you understand and acknowledge the SOQ you submit is your own work, in your own words, and accurately reflects your knowledge, skills, abilities, and experiences. Submitting an SOQ that is not your own may be cause for disqualification from the hiring process.


Application Instructions
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date: 6/21/2026
Who May Apply
Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list or LEAP eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply. Individuals who are eligible for a Training and Development assignment may also be considered for this position(s). Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process. Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).


How To Apply
Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at When submitting your application in hard copy, a completed copy of the Application Package listing must be included. If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:


Address for Mailing Application Packages


You may submit your application and any applicable or required documents to:


State Compensation Insurance Fund
Mailing Address
Attn: Attn: JC-519320ec
PO BOX 659015


Sacramento , CA 95865


Address for Drop-Off Application Packages


You may drop off your application and any applicable or required documents at:


State Compensation Insurance Fund
Talent Acquisition/Staffing
Attn: JC-519320ec
2275 Gateway Oaks Drive


Sacramento , CA 95833


08:00 AM - 05:00 PM


Required Application Package Documents


The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is required and must be included.
• School Transcripts

Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.


Benefits
State Fund employees are eligible for a number of benefits. Our benefit package includes:


Health Benefits Program (CalPERS)

Retirement (CalPERS)

Employer Health and Consolidated Benefits Contributions

Dental, Vision

401(k) and 457 Deferred Compensation Plans

Employee Assistance Program

Group Legal Services Insurance

Holidays, Vacation/Sick/Other Paid Leave

Flex Elect Reimbursement Program

Wellness and Recognition

Alternate Work Schedules

Transit Pass Program

Tuition Reimbursement

Dependent Scholarship Program

Leadership Training

Mentoring Program






Contact Information
The Human Resources Contact is available to answer questions regarding the position or application process.
Department Website:
Human Resources Contact:
Edina
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Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.
EEO Contact:
Rosa Gil-Robles
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California Relay Service: View phone number on click.appcast.io (TTY), View phone number on click.appcast.io (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.


Background Investigation


Prior to employment with State Compensation Insurance Fund, a background investigation (BI) will be initiated.


Acknowledgement


Electronic applications submitted through your CalCareer Account are highly recommended and will be received/processed faster than other methods of filing.


By applying to this position, you are also acknowledging that you have received the following information:

California State benefits

Duty statement/Job Description

Salary ranges and steps for the classification(s) advertised


Equal Opportunity Employer
The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.


It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.