Manager of Financial Planning and Analysis

Manager of Financial Planning and AnalysisBegin 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.About the Commission for Higher Education: Created in 1971, the Indiana Commission for Higher Education (CHE, Commission) is the State's higher education coordinating agency, driven to improve economic and social mobility for fellow Hoosiers through postsecondary education and training, and is a part of Governor Mike Braun's Office of Education. The Commission also administers Indiana's state financial aid programs, including 21st Century Scholars, which celebrates 35 years in 2025. More information can be found at che.in.gov.Role OverviewReporting to the Deputy Chief Financial Officer for Higher Education, the Manager of Financial Planning and Analysis (FP&A) is a key leadership position within the Commission's Finance team responsible for informing and driving the financial strategy, analysis, and long-range projections that inform Indiana's higher education funding decisions. This position is a key player in the financial modeling and forecasting of state financial aid programs and university funding allocations, providing actionable insights to Commission leadership and external stakeholders including the Indiana General Assembly and the State Budget Agency. The Manager of FP&A will work in close collaboration with the Commission's Business Intelligence (BI) team and the State Director of Financial Aid to integrate data analytics capabilities into financial planning processes, ensure data integrity across financial reporting systems, and develop scalable analytical tools and dashboards.A Day in the LifeFinancial Analysis & Projections:Provide critical interpretation and contribute to the maintenance of multi-year financial models and forecasts for state financial aid programs, including the Frank O'Bannon Grant, 21st Century Scholars, and other Commission-administered financial aid programs.Develop and maintain financial projection models for university funding allocations, including performance-based funding formulas, base appropriations, capital investment, program expenses, and other special legislative initiatives.Analyze budget variances, enrollment trends, and policy changes to assess their financial impact on state aid expenditures and university funding; prepare concise summaries and recommendations for senior leadership.Monitor appropriations balances and expenditure trends throughout the fiscal year, providing timely updates to leadership and flagging potential shortfalls or surpluses.Support program expansion and approvals processes by evaluating financial solvency to inform final determinations.Prepare financial analyses and fiscal notes in support of proposed legislation, administrative rules, and policy changes affecting higher education funding.Support the preparation of the Commission's annual budget requests to the State Budget Agency and the Governor's Office, including documentation of assumptions, historical trends, and programmatic justifications.Data Analytics & Business Intelligence Collaboration:Partner closely with the Business Intelligence (BI) team to align financial data structures with BI reporting frameworks, ensuring consistency and accuracy across financial and operational datasets.Contribute to the design and development of financial dashboards, reports, and data visualizations that support executive decision-making and external reporting.Leverage data analytics tools and techniques to identify trends, anomalies, and opportunities in financial and enrollment data.Assist in the documentation and maintenance of data dictionaries, financial data definitions, and reporting specifications to support data governance efforts.Stakeholder Communication & Leadership:Present financial findings, projections, and policy recommendations to Commission leadership, Commission board members, legislators, and other stakeholders in a clear and accessible manner.Serve as a subject matter expert on financial aid program finances and university funding, responding to inquiries from internal teams, the General Assembly, and the public.Cultivate and maintain collaborative relationships with State Budget Agency staff, Office of Management and Budget, and higher education institution finance officers.Provide mentorship and guidance to staff members within the Finance team, supporting professional development and promoting a culture of continuous improvement.What You'll Need for SuccessThe successful candidate will have:Three (3) to five (5) years of full-time professional experience.Thorough knowledge of Governmental Accounting Standards Board (GASB) principles and their application in higher education or public sector financial reporting.Demonstrated experience with financial modeling, forecasting, and long-range financial planning in a higher education, government, or public finance environment.Advanced proficiency in Microsoft Excel, including complex financial models, pivot tables, Power Query, and macro development.Familiarity with higher education financial structures, including institutional funding models, financial aid program administration, and state appropriations processes.Strong analytical and critical thinking skills, including the ability to synthesize large datasets, isolate key drivers of financial trends, and communicate findings to non-technical audiences.Excellent written and verbal communication skills, with demonstrated ability to prepare clear, well-organized financial reports and present to senior leadership and external stakeholders.Strong organizational skills with the ability to manage multiple priorities and meet deadlines in a fast-paced environment.Ability to establish and maintain collaborative working relationships across teams and with external partners.Preferred Qualifications:Experience with R or Python for data analysis, statistical modeling, or reporting automation.Experience working with business intelligence platforms such as Tableau, Power BI, or similar tools.Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), or other relevant professional certification.Experience in a state government financial role or with Indiana's state budgeting and appropriations processes.Experience working with financial aid management systems or higher education student information systems.Knowledge of Indiana higher education policy, funding formulas, and the Commission's strategic priorities.Able to perform essential functions with or without reasonable accommodation.Supervisory Responsibilities/Direct Reports: This role may be utilized in a supervisory capacity based on agency needs.Benefits of Employment with the State of Indiana: The State of Indiana offers a comprehensive benefit package for full-time employees which includes:Three (3) medical plan options (including RX coverage) as well as vision and dental plansWellness Rewards Program: Complete wellness activities to earn gift card rewardsHealth savings account, which includes bi-weekly state contributionDeferred compensation 457(b) account (similar to 401(k) plan) with employer matchTwo (2) fully-funded pension plan optionsA robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to: 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers Up to 15 hours of paid community service leave Combined 180 hours of paid vacation, personal, and sick leave time off 12 paid holidays, 14 on election yearsEducation Reimbursement ProgramGroup life insuranceReferral Bonus programEmployee assistance program that allows for covered behavioral health visitsQualified employer for the Public Service Loan Forgiveness ProgramFree Parking for most positionsFree LinkedIn Learning accessEqual Employment Opportunity: The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at View email address on click.appcast.io.