Financial Services, #19030
Occupational Family: Administrative Services
Pay Band Range: 4 - 8
Concept of Work
This Career Group provides career
tracks for financial specialists
who perform, evaluate, or manage financial
activities involving public assets and resources in accordance with applicable
professional standards. Employees perform the full range of fiscal or
evaluation duties associated with specialized areas such as accounting,
budgeting, grants administration, auditing or taxation. Typical duties
may include, but are not limited to, strategic planning; risk evaluation
and mitigation; consulting; financial analysis; forecasting; accounts
reconciliation; cash management; and investments. Employees’ duties range
from entry-level specialist to executive management.
Roles Comprising This Group
These roles describe the collective
characteristics of the work performed by employees in the Financial
Services Career Group. The roles define
the typical career paths for employees who pursue careers such as accountants,
tax examiners,
collectors,
grant specialists, and
financial analysts.
Although all of these occupations are financial specialists,
each warrants a separate career track. Each of these career paths requires
different knowledge, skills, and abilities and would not naturally lead
to the other for career progression. However, a role for each of these
occupations represents different levels of work, or career progression.
Career paths may exist within a single role, extend to other roles in
this Career Group, or to roles in other occupationally related Career
Groups.
PAY BAND
|
PRACTITIONER ROLES
|
ROLE CODE
|
MANAGEMENT ROLES
|
ROLE CODE
|
4
|
Financial Services Specialist I
|
19031
|
|
|
5
|
Financial Services Specialist II
|
19032
|
Financial
Services
Manager I
|
19034
|
6
|
Financial
Services
Specialist III
|
19033
|
Financial
Services
Manager II
|
19035
|
7
|
|
|
Financial
Services
Manager III
|
19036
|
8
|
|
|
Financial
Services
Manager IV
|
19037
|
Role Descriptions
These roles are distinguished based upon the Compensable
Factors of Complexity, Results, and Accountability and are used for position
classification. These factors should be used for classification and compensation
analysis. Recruitment and selection standards must be based on knowledge,
skills, and abilities as indicated in the Employee Work Profile.
Financial Services Specialist I
|
Code: 19031
|
Pay Band: 4
|
SOC: 13-2000*
|
The Financial
Specialist I role provides career tracks
for tax examiners, grant
specialists, collectors, accountants and
others performing entry-level to first-line supervisory responsibilities
ensuring or evaluating compliance and accountability of financial programs
and business operations/processes. Tasks may include, but need not be
limited to, payroll administration, technical report writing, monitoring
and/or reconciling fiscal
actions, tax collections and liability assessments, maintaining records,
analyzing data, preparing financial reports, and developing budget forecasts.
Financial Services Specialist I
COMPLEXITY
|
- Performs work requiring analysis of data and application of
applicable professional principles and standards.
- Applies knowledge of accounting functions or principles, general
business practices, collection procedures, and/or applicable computer
systems.
- Requires knowledge of state and federal laws, rules, and regulations.
- Demonstrated ability to research, investigate, analyze, reconcile,
and evaluate data.
- Interacts frequently with internal and external customers using
both verbal and written communication skills to discuss financial
processes or issues.
|
RESULTS
|
- Applies, interprets, or assesses existing policies, procedures,
laws, and regulations with potentially considerable financial
or operational impact on agencies, program participants, and the
general public.
- Effective decision-making and accurate analysis of data facilitates
the efficient use of time, money, and resources.
|
ACCOUNTABILITY
|
- Functions within well-defined guidelines and procedures to resolve
routine issues, and to make independent and logical decisions
and/or recommendations.
- May provide project or team leadership or supervise staff.
|
These two roles provide a dual career track
financial services specialists.
Financial Services Specialist II
|
Code: 19032
|
Pay Band: 5
|
SOC: 13-2000*
|
Financial Services Manager I
|
Code: 19034
|
Pay Band: 5
|
SOC: 11-3030*
|
The Financial
Services Specialist II role provides career
tracks for financial analysts
performing advanced-level responsibilities analyzing and evaluating data
in one or more specialty areas including, but not limited to, resources
management, business operations/processes, budgets, and financial systems.
An applicable professional certification may be preferred. Employees are
required to have strong technical knowledge in one or more specialty areas.
Financial Services Specialist II
COMPLEXITY
|
- Performs work of varied and considerable difficulty requiring
advanced data collection, analysis, forecasting, and compiling
and writing reports.
- Applies knowledge of accounting principles, auditing standards,
budgeting practices, public administration, and/or legal and regulatory
compliance.
- Interacts frequently with internal and external senior officials,
professionals, and the public requiring a high level of communication
skills to analyze or resolve issues.
- Develops, interprets, and/or evaluates compliance with policies
and procedures.
|
RESULTS
|
- Significant impact with the potential to gain or lose public
goodwill and revenues from multiple sources.
- Significant impact on various statewide and/or institutional
systems.
- May impact policy and budget decisions at agency level.
- Decisions made impact the effectiveness and efficiency of administrative
and business processes.
|
ACCOUNTABILITY
|
- Works independently or as a team member within existing guidelines
and policies.
- May provide peer assistance in specialty area or serve as a
leader for a team or small work unit.
- Serves as a resource to others in resolving more complex problems.
- Exercises considerable discretion and judgment in making recommendations
related to the allocation of funds, payment rates, expenditures
or investments.
|
The Financial
Services Manager I role provides career
tracks for first level managers
involved in planning and managing assigned specialty areas such as grants,
accounts payable, accounts receivable, taxation, budgeting, and other
financial operations. Employees may be the single position through which
all financial information flows. Employees have technical and supervisory
skills to include serving as subject matter experts and performing personnel
management tasks.
Financial Services Manager I
COMPLEXITY
|
- Performs managerial work involving the analysis and interpretation
of financial and/or operational issues.
- May supervise or evaluate a variety of financial or operational
functions or have statewide responsibility for a specialized program.
- Applies knowledge of accounting principles, auditing standards,
public administration, and/or regulatory compliance.
- Frequent interaction with internal and external customers, including
management, using both verbal and written communication skills
to resolve management issues.
|
RESULTS
|
- Actively and accurately uses sound management techniques and
financial policies in the appropriate use of the Commonwealth’s
resources.
- Actions impact the potential to gain or lose Commonwealth revenues
and public goodwill.
- May impact policy and budget decisions at agency level.
|
ACCOUNTABILITY
|
- Manages personnel, including training, evaluating, and assigning
work, where applicable.
- Manages staff, programs, and/or projects by determining objectives
and allocating resources.
- May involve the supervision of subordinate technical employees
as well as first-line supervisors.
- Ensures or evaluates compliance with applicable state and federal
laws and regulations.
|
These two roles provide a dual career track
for financial services
specialists.
Financial Services Specialist III
|
Code: 19033
|
Pay Band: 6
|
SOC: 13-2000*
|
Financial Services Manager II
|
Code: 19035
|
Pay Band: 6
|
SOC: 11-3030*
|
The Financial
Services Specialist III role provides
career track for expert
financial specialists who provide professional
financial, analytical, technical, and policy/program expertise relating
to areas such as reimbursements, resources management, and data collection
or information systems. Duties may include gathering, evaluating, and
maintaining data; determining fiscal and service impacts; analyzing and
evaluating legislation; and implementing and evaluating statistical models.
Employees may serve as project leaders or as expert resources to state
agencies, the legislature, and other organizations.
Financial Services Specialist III
COMPLEXITY
|
- Performs work involving analyzing data and formulating projections
and plans.
- Applies knowledge of principles and techniques of subject matter.
- Interacts frequently with elected officials and senior executives
requiring a high level of communication skills to plan, negotiate,
and coordinate financial settlements, investments, cash flow,
or similar issues.
|
RESULTS
|
- Substantial impacts on resources, investments, cash flow, and
state budgeting.
- Substantial impact with the potential to gain or lose federal
funds or to involve the Commonwealth in controversy and/or litigation.
- May have substantial impact on Commonwealth’s credit rating
and interest rates.
|
ACCOUNTABILITY
|
- Exhibits a high level of autonomy through independent decision
making, project management, and sound judgment.
- Serves as an expert technical advisor.
- Recommends and develops regulations, policies, and procedures.
|
The Financial
Services Manager II role provides career
tracks for senior level managers
involved in planning, organizing, and administering personnel and programs
relating to one or more specialized areas such as resource management,
business operations, budget, and financial systems. Employees typically
manage professional employees and/or supervisors.
Financial Services Manager II
COMPLEXITY
|
- Applies knowledge of financial, accounting, and auditing functions,
as well as agency, state and federal laws and regulations regarding
financial operations, business processes, information systems,
and reporting requirements.
- Contacts include the public, other state agencies, all levels
of government officials, and private organizations to discuss
financial issues.
|
RESULTS
|
- Significant impact on the effectiveness, credibility, and financial
responsibility of the agency, programs, customer service, and
public relations.
- Decisions may result in a significant impact on the financial
resources, goodwill, and appropriate use of the Commonwealth’s
resources.
|
ACCOUNTABILITY
|
- Demonstrates comprehensive analysis and decision-making skills
to implement quality improvements and assess effectiveness of
changes.
- Exercises significant independent judgment in decision-making,
program administration, and interpretation of rules and regulations.
- Serves as a resource to others in solving complex and sensitive
problems.
|
Financial Services Manager III
|
Code: 19036
|
Pay Band: 7
|
SOC: 11-3030*
|
The Financial
Services Manager III role provides career
tracks for managers serving as directors
or comptrollers
involved in the overall direction and leadership of specialized financial
programs. May direct the overall fiscal or audit management of an agency
or institution having diverse and complicated financial and regulatory
requirements or may direct the statewide function of a principle financial
area to ensure achievement of organizational mission and goals.
Financial Services Manager III
COMPLEXITY
|
- Applies knowledge of accounting, auditing, financial, and/or
information systems.
- Resolves complex problems and sensitive policy issues.
- Effective interaction with diverse constituencies to include
the public, other state agencies, General Assembly members, government
officials, and private organizations to discuss programs and policies.
|
RESULTS
|
- Decisions have agency-wide and statewide impact on the effectiveness
and credibility of the organization.
- Decisions may result in a far-reaching impact on the appropriate
use of the Commonwealth’s financial resources.
|
ACCOUNTABILITY
|
- Broad range of independent decision making authority using sound
judgment.
- Formulates, implements, and interprets policies and regulations.
- May supervise a large and diverse professional staff.
|
Financial Services Manager IV
|
Code: 19036
|
Pay Band: 8
|
SOC: 11-3030*
|
The Financial
Services Manager IV role provides career
tracks for executives
responsible for policies, procedures, and standards that ensure the protection
of the Commonwealth’s fiscal assets and meet program goals. Employees
have statutory and regulatory (both state and federal) responsibilities
to provide for the development and maintenance of financially sound, high-quality
programs and services.
Financial Services Manager IV
COMPLEXITY
|
- Performs work involving strategic planning and interpreting
complex rules and regulations.
- Projects often address controversial, unprecedented, and sensitive
issues.
- Applies knowledge of subject area with advanced education and
appropriate professional certification preferred.
- Contacts include the public, other state agencies, all levels
of government officials, and private organizations to resolve
critical and sensitive issues.
|
RESULTS
|
- Decisions have agency-wide and statewide impact for both the
short- and long-term.
- Effective job performance ensures financial integrity and compliance
with federal and state regulations and guidelines.
|
ACCOUNTABILITY
|
- Effective leadership of programs that are essential to meeting
agency goals, statutory mandates, and delivery of services.
- Interprets, administers, and enforces agency policies and procedures.
- Requires complex problem resolution with wide-ranging implications.
- Leads and directs the effective utilization of resources to
accomplish organizational goals and/or legislative mandates.
|
*Statistical Reporting
This Career Group includes, but is not limited to, those
in the following Standard Occupational Classifications:
11-3030 |
Financial Managers |
13-2000 |
Financial Specialists |
13-2010 |
Accountants & Auditors |
13-2080 |
Tax Examiners, Collectors,
Preparers & Revenue Agents |
13-2099 |
Financial Specialists, All
Others |
New Effective Date: 11/01/01
History
Previous class titles (listed by new role title).
Financial Services Specialist I
CLASS CODE
|
CLASS TITLE
|
GRADE
|
24282
|
Unemployment Tax Representative
|
11
|
22071
|
Grants Specialist
|
9
|
22072
|
Grants Administrator
|
10
|
22111
|
Mental Hospital Reimbursement Senior Representative
|
9
|
22114
|
Mental Hospital Reimbursement Supervisor B
|
11
|
22113
|
Mental Hospital Reimbursement Supervisor A
|
10
|
23011
|
Tax Collections Representative
|
9
|
23012
|
Tax Collections Senior Representative
|
10
|
23023
|
Tax Examiner Senior
|
9
|
23193
|
Tax Customer Service Representative
|
9
|
23194
|
Tax Customer Service Lead Representative
|
10
|
23195
|
Tax Customer Service Principal Representative
|
11
|
23211
|
State Tax Supervisor
|
10
|
23222
|
State Tax Field Representative
|
9
|
23223
|
State Tax Field Representative Senior
|
10
|
23414
|
Accountant
|
9
|
23415
|
Accountant Senior
|
11
|
23431
|
Budget Analyst
|
10
|
22053
|
Hospital Accounts Collection Assistant Manager
|
9
|
22054
|
Hospital Accounts Collection Manager
|
11
|
Financial Services Specialist II
CLASS CODE
|
CLASS TITLE
|
GRADE
|
23113
|
Cash and Bank Services Analyst
|
14
|
23132
|
State Senior Accounting/Financial Analyst
|
12
|
23134
|
State Lead Financial Reporting Analyst
|
13
|
23135
|
State Lead Accounting Analyst
|
13
|
23141
|
State Accounting Systems Analyst
|
14
|
23432
|
Budget Analyst Senior
|
12
|
23503
|
Medicaid Reimbursement Analyst
|
13
|
Financial Services Specialist III
CLASS CODE
|
CLASS TITLE
|
GRADE
|
22201
|
Health Care Reimbursement Specialist
|
15
|
23116
|
Cash Administrator
|
16
|
23122
|
State Debt Management Advisor
|
16
|
Financial Services Manager I
CLASS CODE
|
CLASS TITLE
|
GRADE
|
22026
|
Grants Program Administrative Supervisor
|
12
|
22027
|
Grants Program Administrative Manager
|
14
|
23212
|
State Tax Supervisor Senior
|
12
|
23213
|
State Tax Manager
|
14
|
23224
|
State Tax Compliance Enforcement Supervisor
|
12
|
23401
|
Fiscal Officer
|
12
|
23402
|
Fiscal Director A
|
14
|
23416
|
Accounting Manager A
|
12
|
23417
|
Accounting Manager B
|
14
|
23433
|
Budget Manager
|
14
|
Financial Services Manager II
CLASS CODE
|
CLASS TITLE
|
GRADE
|
14161
|
Information Technology Accounting and Billing Manager
|
17
|
22028
|
Grants Program Administrative Director
|
15
|
23114
|
Treasury Finance Director
|
17
|
23133
|
Accounts Department Assistant Fiscal Manager
|
15
|
23225
|
State Tax District Administrator
|
15
|
23403
|
Fiscal Director B
|
16
|
23418
|
Accounting Manager C
|
15
|
23434
|
Budget Director
|
17
|
28367
|
Compensation Board Budget and Finance Manager
|
15
|
83125
|
Water Construction Grants Division Director
|
15
|
Financial Services Manager III
CLASS CODE
|
CLASS TITLE
|
GRADE
|
23106
|
Transportation Financial Planning and Debt Management
Director
|
18
|
23121
|
State Debt Management Director
|
18
|
23131
|
Accounts Department Fiscal Manager
|
18
|
23136
|
Assistant Comptroller
|
19
|
23404
|
Controller
|
18
|
25114
|
ABC Chief Financial Officer
|
19
|
28322
|
Investment Officer
|
19
|
Financial Services Manager IV
CLASS CODE
|
CLASS TITLE
|
GRADE
|
23115
|
State Deputy Treasurer
|
21
|
23123
|
Treasury Cash Management and Investments Director
|
21
|
|