Position Summary
The Financial Performance Analyst oversees evaluation of schools’ financial performance, including review of quarterly financial statements and annual financial audits. The Financial Performance Analyst is also responsible for preparing and facilitating quarterly compliance meetings with assigned schools, collecting and filing required financial documents, analyzing financial documents, producing meeting materials, writing annual financial performance report based on schools’ annual audits, reviewing financial plans and budgets from prospective applicants to mayor-sponsored charter schools (MSCS), and managing and overseeing the collection of charter school authorizing fees due to OEI each quarter. Position reports to the Assistant Director - Communications and Operations (OEI).
Agency Summary
The Office of Education Innovation (OEI) is a charter school authorizer responsible for overseeing the academics, finances, and operations of mayor-sponsored public charter schools that educate about 18,000 students across the city. Our staff also closely scrutinizes charter school proposals to ensure high-quality, accessible, and equitable plans. Final chartering decisions are made by the Indianapolis Charter School Board.
Our mission is to transparently create and support high-quality charter schools by holding them to rigorous standards that increase student agency. Through our work, we envision a city where students and families have access to quality education options and do not face systemic barriers to pursuing them.
Equal Employment Opportunity
The City of Indianapolis Marion County is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.We value diversity in perspectives and experiences among colleagues and the residents of this city of whom we serve.
Position Responsibilities
- Conduct quarterly meetings with each school’s school leader and finance representative(s). Using the Compliance Meeting Calendar as a guide, financial performance analyst should meet with schools on a quarterly basis.
- Write annual accountability reports for each school’s financial performance and Mid-Charter Reviews.
- Ensure proper administration of authorizing fees.
- Evaluate the financial processes and systems and proposed budgets in applications for new and replicating charter schools as well as renewals.
- Manage Salesforce database for schools and OEI team members and provide technical support when problems arise. Implement updates and changes based on feedback from OEI and schools to make the Salesforce database as user friendly as possible. Research ways to improve and update Salesforce capabilities.
- Research federal, state, and local grant opportunities to share with schools. Attend quarterly grant meetings hosted by the Indiana Department of Education.
- Agency Budget Support. Assist in the development of OEI’s annual budget through providing estimates of revenue gathered from schools’ 1% fee paid quarterly. Provide expenditure estimates. Attend budget meetings with the Office of Financial Management.
- Research and stay current on best practices related to charter school finance.
- Collaborate with the Director of Charter Schools and other analysts around decision-making in areas such as accountability, performance improvement plans and other school interventions, charter renewals and closures, and the vision and direction of the Office of Education Innovation.
- Serve as a resource to OEI staff, charter schools, parents, and the public.
- Develop presentations and documents for the Mayor, Director of Charter Schools, Indianapolis Charter School Board, and external partners as needed.
- Manage the pre-opening process for select new schools after they are granted a charter.
- Collaborate with the Assistant Director of Communications and Operations in discussing and pursuing relevant projects that align with OEI’s mission and goals.
- Must maintain confidentiality at all times.
- This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities that management may deem necessary from time to time.
Qualifications
Minimum Job Requirements and Qualifications
Bachelor’sDegreeand two (2) to four(4) years’ experiencerequired. Experience with financial analysis is required. Must have outstanding written and verbal communication skills. Candidates must be well-organized and able to manage multiple deadlines simultaneously. The ability to read, analyze, and interpret financial data is required. Candidates must demonstrate the ability to define problems, collect and analyze data, and draw valid conclusions. Indianapolis. Must have a demonstrated ability to meet specific goals in a team-oriented environment. Must have advanced proficiency with Microsoft PowerPoint and Excel.
Preferred Job Requirements And Qualifications
Master’s degree preferred. Knowledge of state and federal requirements for school accountability is encouraged. Experience with accrual-based accounting is preferred.
Independent Judgment
A great deal of independent judgment is required. Must be comfortable in an entrepreneurial environment and able to independently organize, prioritize, track and manage many different types of work with an exceptional attention to detail and a high bar for quality. Must be a critical thinker and possess an exceptionally high level of personal responsibility for achieving ambitious results.
All rates are bi-weekly.
2025 Rate Sheet - To view our rate sheet, please copy and paste this link into your web browser: https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:5891862d-46b3-4120-b7af-391882e8e0e0
Life Insurance Employee Only (rates per $1,000 per month):
Basic: Employer Paid
Optional Life Insurance Employee Only (rates per $1,000 per month)
Additional
<25-29 $0.058
30-34 $0.083
35-39 $0.099
40-44 $0.132
45-49 $0.223
50-54 $0.363
55-59 $0.600
60-64 $0.795
65-69 $1.329
70 + $2.054
Important Perf Update
- For more information on eligibility options, refer to Proposal 21-288 https://bit.ly/3exq8yR
- All employees hired/rehired after 1/1/2022 have a choice to select the PERF Hybrid plan (3% + Pension) or the INPRS My Choice: Retirement Savings plan (3% + 1% Contribution). The Hybrid plan consists of two components:
Annuity Savings Account (ASA) -This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You're always vested in your ASA portion - it's always yours.
Pension - The pension portion of the retirement benefit is funded by contributions made by the employer over the course of the employee's career and separate from the annuity savings account. Employees enrolled in the PERF Hybrid plan are eligible for retirement benefits at age sixty-five (65) if they have ten (10) or more years of creditable service. After June 30, 1995, employees may retire at age sixty (60) with at least fifteen (15) years of credible service or if the member's age in years plus the years of credible service equals at least 85 and the member is at least fifty-five (55) years of age. With fifteen (15) or more years of creditable service, the employee may retire as early as age fifty (50) with a reduced pension.
- Employees hired/rehired by the City and County between 1/1/2017 and 12/31/2021 will be automatically enrolled in the PERF My Choice: Retirement Savings plan. This plan is an annuity savings account (ASA) only plan and does not have a pension component. Any service that an employee has in the My Choice: Retirement Savings Plan will not count toward the service time requirements for pension eligibility in the Hybrid Plan.
With the PERF My Choice: Retirement Savings Plan, the ASA is split up into two parts:
Part one - This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You're always vested in your ASA portion - it's always yours.
Part Two - This Consists Of An Additional Variable Rate Contribution Paid By The City Toward Your ASA. This Variable Rate Contribution Is Currently 1% Of Your Gross Wages. Vesting In The Value Of The Variable Rate Employer Contribution Will Vary By Length Of Participation. You Are
- 20 percent vested after 1 full year of participation
- 40 percent vested after 2 full years of participation
- 60 percent vested after 3 full years of participation
- 80 percent vested after 4 full years of participation
- 100 percent vested after 5 full years of participation
- All employees hired/rehired prior to 1/1/2017 are grandfathered into PERF Hybrid plan. The Hybrid plan consists of two components:
Annuity Savings Account (ASA) -This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You're always vested in your ASA portion - it's always yours.
Pension - The pension portion of the retirement benefit is funded by contributions made by the employer over the course of the employee's career and separate from the annuity savings account. Employees enrolled in the PERF Hybrid plan are eligible for retirement benefits at age sixty-five (65) if they have ten (10) or more years of creditable service. After June 30, 1995, employees may retire at age sixty (60) with at least fifteen (15) years of credible service or if the member's age in years plus the years of credible service equals at least 85 and the member is at least fifty-five (55) years of age. With fifteen (15) or more years of creditable service, the employee may retire as early as age fifty (50) with a reduced pension.
- City Employees hired/rehired between 1/1/2017 and 12/31/21 that are members of the City AFSCME labor union can choose to enroll in either the PERF My Choice: Retirement Savings plan or the PERF Hybrid plan. Both plans are described above. Employees have 60 days to choose which option they want, and by state law this cannot be changed. If no choice is made, the employee will then be automatically added to the PERF My Choice: Retirement Savings plan.
The Indiana General Assembly has enacted a provision that allows public employees to make voluntary contributions in addition to the mandatory three percent (3%) contributions. Employees may contribute up to an additional ten- percent (10%) of their compensation per pay period to the annuity savings account. This means that the maximum level of contributions to the annuity savings account under this new provision is thirteen percent (13%) of an employee's compensation per pay period.
Employees who separate from the city within their first ten (10) years of employment need to contact INPRS - PERF regarding their ASA account.
Questions relating to PERF may be directed to INPRS - PERF at:
Indiana Public Retirement System
Public Employees' Retirement Fund
One North Capitol, Suite 001
Indianapolis, Indiana 46204
(888) 236-3544
