Financial Analyst 9-P11 (Trainee)

$54,766 - $81,806/Yr

State of Michigan - Detroit, MI

Full-time - Entry Level

Detroit, MI

Justice, Public Order, and Safety Activities

About the position

The Financial Analyst position focuses on the review and reconciliation of tax payments related to Michigan Unemployment Insurance Accounts. The role involves analyzing compliance with tax reporting requirements, providing technical assistance regarding laws and policies, and supporting financial adjustments for employers' accounts. This position is essential for ensuring accurate tax rate testing and addressing uncollectible debts.

Responsibilities

• Review tax payments received from employers regarding Michigan Unemployment Insurance Accounts.
• Coordinate tax rate testing and verify results for compliance reporting.
• Address positive reserve balances and validate proof of wages.
• Review uncollectible debts for potential write-off based on proof of claims.
• Provide professional assistance in interpreting laws and policies to employers and agency staff.
• Research and analyze employer compliance with tax reporting requirements over a one-year duration.
• Assist with proof of claims related to bankruptcy and other financial adjustments.

Requirements

• Experience in financial analysis or accounting principles.
• Knowledge of tax laws and unemployment insurance regulations.
• Strong analytical and problem-solving skills.
• Ability to interpret complex legal documents and financial statements.

Nice-to-haves

• Experience with governmental financial programs.
• Familiarity with compliance auditing processes.

Benefits

• Health insurance coverage.
• Paid holidays and vacation time.
• Retirement savings plan options.