Financial Analysis Specialist - School Budget (PED #21502)

Onsite$68,890 - $103,334/yrPosted Oct 2, 2026

Job details

Location
Santa Fe, New Mexico
Work type
Onsite
Compensation
$68,890 - $103,334/yr
Posted
Oct 2, 2026
Apply on
careers.share.nm.gov

About this role

Salary

 

$33.12 - $49.68 Hourly

$68,886 - $103,330 Annually

This position is a Pay Band C9

Posting Details

 
THIS POSTING WILL BE USED FOR ONGOING RECRUITMENT AND MAY CLOSE AT ANY TIME.  APPLICANT LISTS MAY BE SCREENED MORE THAN ONCE.

All positions at the NM Public Education Department are based in Santa Fe.

To ensure your application can be fully considered, please provide a complete application and/or resume that includes:
- Dates of employment for each position, including month and year.
- Detailed descriptions of your work experience and job duties.
- Transcripts if a degree is listed on your application. Unofficial transcripts are accepted.

MISSION:  EQUITY, EXCELLENCE AND RELEVANCE - The New Mexico Public Education Department partners with educators, communities, and families to ensure that ALL students are healthy, secure in their identity, and holistically prepared for college, career, and life.
VISION:  ROOTED IN OUR STRENGTHS - Students in New Mexico are engaged in a culturally and linguistically responsive educational system that meets the social, emotional, and academic needs of ALL students.

School Budget Bureau:
Responsibilities of the School Budget:
Review, analyze, and approve all school district and charter school operating budgets.
Calculate and monitor the distribution and use of over $4.1 billion in State Equalization Guarantee (SEG) funding.
Collect and analyze projected and actual student membership.
Collect and analyze information related to Teacher Cost Index and licensed employees certified through the National Board for Professional Teaching Standards.
On a quarterly basis, review school district and charter school actual revenues, expenditures, and cash reports.
Review Emergency Supplemental Awards and Out-of-State Tuition Awards.
School district or charter school Board of Finance suspensions.
Provides technical support and training for school district and charter school business personnel.
Helps develop the public-school support appropriation recommendation in relation to SEG.
Federal Report NPEFS
Federal Report F33
Federal Report SLFS
Mill levy setting for Capital Outlay and Debt Service Funds
Updating of the NM UCoA in OBMS
Calculating Rural Population Index for SEG purposes
Calculating Energy Efficiency Credits for SEG purposes
Updating Entity Data in OBMS (for example UEI)
Updating PED email lists for Superintendents/Charter Representatives and School Business Officials.
Creating Bond Certification Certificates to issue GO Bonds or ETNs and other miscellaneous tasks.

Why does the job exist?

 
The position exists to ensure the fiscal integrity and statutory compliance of New Mexico¿s public school budgets, with dedicated responsibility for administering and analyzing the State Equalization Guarantee (SEG) funding formula. The position requires extensive technical assistance to be provided to school district and charter school staff regarding finance and budgeting issues using state law, PED rules and the Public School Accounting and Budgeting Manual as criteria. Additionally, the role serves as a senior technical lead responsible for designing and delivering internal training programs for basic financial analysts within the School Budget Bureau, including standardizing review protocols, building team analytical capacity, and mentoring C6 Financial Analysts.

How does it get done?

 
The Financial Specialist Advanced serves as a senior technical lead within the School Budget Bureau, balancing deadline-driven regulatory oversight with internal staff development. A core pillar of this position is leading internal training programs, mentorship, and direct one-on-one collaboration with C6 financial analysts. In this role, the specialist designs structured training, conducts technical work reviews, and provides direct guidance to build analytical capacity, standardize bureau review protocols, and foster professional growth across the team.

Operationally, the position is responsible for conducting rigorous reviews and financial analyses of assigned school district and charter school operating budgets, providing formal recommendations for approval and certification on a timely basis under strict statutory deadlines. The specialist evaluates various complex financial data sets to deliver actionable, timely recommendations to agency leadership. To maintain state-level fiscal oversight, the role continuously monitors the timely submission of required LEA financial reports, proactively investigating and resolving financial or accounting discrepancies prior to established deadlines or the start of subsequent reporting periods.

Who are the customers?

 
The Financial Analysis Specialist serves a diverse network of internal, field-level, and governmental customers across New Mexico¿s public education system. Internally, the role provides expert analysis and guidance to PED upper management, executive leadership, and agency bureau directors. Externally, the position acts as a key financial liaison to Local Educational Agencies (LEAs), directly supporting school district superintendents, business managers/CFOs, local school boards, charter school head administrators, charter governance representatives, and regional education cooperatives. The specialist also interfaces with high-level executive partners, legislative oversight bodies and external audit partners.

Ideal Candidate

 
The ideal candidate will possess at least four years of professional government accounting or public finance experience, with a strong preference for background in New Mexico public education finance. Our ideal candidate also has:
¿ State Equalization Guarantee (SEG) Expertise: Deep operational understanding of the SEG funding formula, including the mechanics of formula calculations, unit value adjustments, program cost factors, and the statutory intent behind the formula.
¿ Statutory & Regulatory Aptitude: Demonstrated ability to interpret, analyze, and apply complex federal and state laws, regulations, and administrative policies to daily work outputs, with specific expertise in the New Mexico Public School Code (NMSA Chapter 22) and the New Mexico Administrative Code (NMAC Title 6).
¿ PSAB & Financial Standards Proficiency: Strong familiarity with the Public School Accounting Budgeting (PSAB) Manual, the NMPED Uniform Chart of Accounts, and standard governmental accounting principles (GASB).
¿ Analytical & Technical Competency: Proven capability to perform high-level financial analysis, evaluate school district/charter operational budgets, review Budget Adjustment Requests (BARs), and communicate fiscal findings clearly to agency leadership and LEA business staff.

Minimum Qualification

 
Bachelor's degree in finance, accounting, economics, or business administration and four (4) years of directly related experience in budgeting, accounting, and/or auditing. Any combination of education from an accredited college or university in a related field and/or direct experience in this occupation totaling eight (8) years may substitute for the required education and experience. For use at the State Investment Council only: any budgeting, accounting, and/or auditing experience is acceptable.

Employment Requirements

 
Must possess and maintain a valid New Mexico's Driver's License.

Working Conditions

 
Work is performed in an office setting with exposure to Visual/Video Display Terminal (VDT) and extensive personal computer and phone usage. Some sitting, standing, bending and reaching may be required. Some occasional travel is required for meetings and conferences.

Supplemental Information

 

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Agency Contact Information: Vincent Vigil, (505) 490-7766, or Email

For information on Statutory Requirements for this position, click the Classification Description link on the job advertisement.

Bargaining Unit Position

 
This position is covered by a collective bargaining agreement and all terms/conditions of that agreement apply and must be adhered to.
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About New Mexico Public Education Department

New Mexico Public Education Department
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