Financial Analyst I at State Compensation Insurance Fund
California — full-time
Job Description and Duties 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! Financial Planning & Analysis (FP&A) has an opening for a Financial Analyst I. Under the general direction of the Director of Finance Excellence, the Financial Analyst I participates in a rotational development program across Financial Operations, Financial Planning & Analysis, Financial Reporting, and Finance Systems & Data Support. The role provides entry-level accounting exposure, builds business acumen, and develops essential analytical skills. The incumbent performs entry-level accounting duties — including general ledger support, preparing financial reports, analyzing transactions, and reconciling financial information — and conducts routine analytical work to support budgeting, forecasting, financial reporting, year-round financial consulting services, and finance systems. Independence increases with competency, supported by ongoing coaching and professional development. Duties include, but are not limited to: Analyze and reconcile financial data; identify variances and recommend appropriate adjustments. Prepare quarterly workpapers, exhibits, schedules, reconciliations, and other reporting materials. Review and process invoices; verify calculations; prepare procurement documentation. Update and document procedures to reflect workflow, controls, and process improvements. Conduct research; gather financial and operational data; perform variance analysis, forecasting, and ad hoc reporting. Maintain financial models, dashboards, and organized digital workpapers; ensure accuracy through data validation and reconciliations. Assist with planning cycles, budget entry, cost center maintenance, and preparation of materials for leadership and the Board. Support system testing, process improvements, and special projects across finance functions. Participate in cross-functional and rotational assignments to strengthen communication, collaboration, and problem-solving skills. You will find additional information about the job in the Duty Statement. Working Conditions To be considered, you must provide a fully completed STD 678 application and resume. If a Statement of Qualifications (SOQ) is required for this posting, it must also be submitted as instructed in the “Required Application Package” section. Alternative documents submitted in lieu of required Application, Resume, or Statement of Qualifications will not be accepted. Completed STD 678 must include duties performed, start and end dates, and hours worked per week for each position held. Selected candidate(s) hired may be required to attend in-person Onboarding at our Vaca