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Project Finance Analyst Jobs in Indiana (NOW HIRING)

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Project Finance Analyst information

See Indiana salary details

$30.9K

$79.2K

$148.9K

How much do project finance analyst jobs pay per year?

As of Aug 31, 2026, the average yearly pay for project finance analyst in Indiana is $79,158.00, according to ZipRecruiter salary data. Most workers in this role earn between $52,800.00 and $106,600.00 per year, depending on experience, location, and employer.

How does a project finance analyst collaborate with project managers and other stakeholders during a project's lifecycle?

A Project Finance Analyst works closely with project managers, financial controllers, and external partners to ensure accurate budgeting, forecasting, and financial reporting throughout each phase of a project. They often participate in project meetings to provide financial insights, assess risks, and help align project goals with financial constraints. Regular collaboration ensures that financial documentation is up-to-date, funding requirements are met, and any financial issues are addressed proactively. This teamwork is essential for maintaining project timelines and ensuring successful project delivery.

What are the key skills and qualifications needed to thrive as a project finance analyst, and why are they important?

To thrive as a Project Finance Analyst, you need strong analytical skills, financial modeling expertise, and a solid understanding of finance or accounting principles, usually supported by a relevant degree. Familiarity with Excel, financial modeling software, and sometimes certifications like CFA or CPA are valuable assets. Attention to detail, effective communication, and problem-solving abilities are important soft skills for collaborating with stakeholders and presenting complex data clearly. These skills are crucial for accurately assessing financial risks and returns, enabling sound decision-making in project investments.

What is the difference between Project Finance Analyst vs Financial Analyst?

AspectProject Finance AnalystFinancial Analyst
Required CredentialsBachelor's in Finance, Economics, or related field; often certifications like CFABachelor's in Finance, Economics, or related field; CFA preferred
Work EnvironmentInvestment banks, project finance firms, energy, infrastructure sectorsCorporations, banks, investment firms across various industries
Employer & Industry UsageSpecialized in project-based financing for large-scale projectsAnalyzes financial data to support business decisions across industries

While both roles require finance knowledge and similar credentials, Project Finance Analysts focus on structuring and evaluating large-scale project financings, often in energy or infrastructure sectors. Financial Analysts have a broader scope, analyzing financial data to guide investment and business decisions across various industries.

Does project finance analyst pay well?

Project finance analysts typically earn competitive salaries that vary by industry, location, and experience level. Entry-level positions often start around $60,000 to $80,000 annually, with experienced analysts earning over $100,000, especially in high-demand markets or with specialized skills like financial modeling and risk analysis.

How much does a project finance analyst make?

A project finance analyst's average salary in the United States ranges from $60,000 to $100,000 annually, depending on experience, location, and industry. Entry-level analysts typically earn closer to $60,000, while experienced professionals with certifications like CFA can earn over $100,000. The role often requires strong financial modeling skills and knowledge of project valuation.

What does a project finance analyst do?

A project finance analyst evaluates the financial viability of large projects, such as infrastructure or energy developments, by analyzing cash flows, funding sources, and risks. They prepare financial models, assess funding options, and support decision-making to ensure projects are financially sustainable and align with investor and lender requirements.

What are popular job titles related to Project Finance Analyst jobs in Indiana?

For Project Finance Analyst jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Project Finance Analyst jobs in Indiana look for?

The top searched job categories for Project Finance Analyst jobs in Indiana are:

What are popular job titles related to Project Finance Analyst jobs in IN?

For Project Finance Analyst jobs in IN, the most frequently searched job titles are:

Project Finance Analyst jobs near you
Infographic showing various Project Finance Analyst job openings in Indiana as of August 2026, with employment types broken down into 85% Full Time, 11% Part Time, and 4% Contract. Highlights an 85% Physical, 4% Hybrid, and 11% Remote job distribution, with an average salary of $79,158 per year, or $38.1 per hour.

Project Finance Specialist

Indianapolis, IN

State of Indiana
Public Administration • 10K+ employees

7.0

Company rating: 7.0 out of 10

Based on 189 frontline employees who took The Breakroom Quiz

41st of 50 rated states

People enjoy working here

Recommended by students

Respectful managers

Learn more about State of Indianaexternal

$47K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago

Job description

 Work for Indiana

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

About the Indiana Department of Transportation: 
The Indiana Department of Transportation (INDOT) provides a dynamic workplace that serves Indiana citizens, improves our state’s quality of life, and enhances its economic opportunity. INDOT has a number of innovative programs and projects, including Public-Private Partnerships, Green Initiatives, and cutting-edge uses of materials and assets. As part of the State of Indiana, INDOT offers a competitive total compensation package, as well as outstanding work/life balance. Whether you are an established professional in the transportation field or just starting your career, INDOT has exciting and challenging opportunities for you.

Role Overview:
This position serves as a Project Finance Specialist for the Indiana Department of Transportation (INDOT) in the Project Finance Division, maintaining the integrity of a system of apportionments, i.e., allocation of federal funds over $1 Billion annually for state and local projects/activities, along with approximately $2 Billion in state funding spanning over multiyear funding set ups by Congress and the State.  Federal funds are apportioned to the States based on a formula while state funds are identified through legislative efforts through fuel taxes and other sources relevant to highway system use.  Employee is responsible for Quality Control and Assurance within the Project Funding unit of the Project Finance Division. 

Location:
This position is with INDOT's Central Office in Indianapolis.

Salary:

The salary for this position traditionally starts at $47,320.00 but may be commensurate with education and work experience. Use our Compensation Calculator to view the total compensation package.

A Day in the Life:

The essential elements of the job duties: 

  • Coordinate monthly with SPR Program Managers on status of work plan projects and reporting findings to the Project Funding Supervisor and Assistant Director of Project Funding and Budgets.
  • Reconciliation of Advance Construction report to verify accuracy. Usage of Advance Construction plays a part in the State’s annual August Redistribution funding.
  • Reconciliation of Contract Authority between FHWA and CAPWise and identify inconsistencies. It is Project Finance’s responsibility to track Title 23 obligations and balances.
  • Coordinate with FHWA on outstanding tasks requiring signature approval beyond agreed upon 5 business days and resolve CAPWise Interface errors as they occur. The use of Title 23 funds requires authorization through FMIS.  Delay of authorization will also delay notice to proceed to consultants and contractors working on INDOT projects.
  • Perform related duties as assigned.

The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work. Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and/or paid leave taken to receive their base biweekly salary.

What You'll Need for Success:

Individuals in this role should minimally be able to articulate or demonstrate the following:

  • Demonstrated ability to quickly understand complex financial systems. Systems will include, PeopleSoft Financials, the Scheduling Project Management System, the Federal Highway System, and CAPWise.
  • Experience with reconciling multiple budget items within a complex network of data systems, some purchased, and others home grown.
  • Must be able to communicate well both verbally and written.
  • Ability to clearly describe data issues/errors determining if errors/issues are system related or data formulations.
  • Must be able and capable of working independently.
  • Intermediate Microsoft Excel skills.
  • Ability to interpret and put into practice policies and procedures along with the ability to identify, create, and clearly demonstrate needed changes, revisions, and improvements.
  • Must be able to adjust to constant changes within and outside the agency.

A degree is not required. However, a High School Diploma or High School Equivalent (HSE) and at least six (6) years of accounting, auditing, financial analysis, or related experience applying the outlined knowledge, skills, and abilities in a similar role may be considered.

Individuals should have the ability to perform essential functions with or without reasonable accommodation.

Supervisory Responsibilities/Direct Reports:

Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefit package for full-time employees which includes: 

  • Three (3) medical plan options (including RX coverage) as well as vision and dental plans
  • Wellness Rewards Program: Complete wellness activities to earn gift card rewards
  • Health savings account, which includes bi-weekly state contribution
  • Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
  • Two (2) fully-funded pension plan options
  • A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
    • 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
    • Up to 15 hours of paid community service leave
  • Combined 180 hours of paid vacation, personal, and sick leave time off
  • 12 paid holidays, 14 on election years
  • Education Reimbursement Program
  • Group life insurance
  • Referral Bonus program
  • Employee assistance program that allows for covered behavioral health visits
  • Qualified employer for the Public Service Loan Forgiveness Program
  • Free Parking for most positions
  • Free LinkedIn Learning access

Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov.

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