Analyst - OTI

$58,851 - $84,257/Yr

City of New York - New York, NY

posted 5 months ago

Full-time - Entry Level
New York, NY
Executive, Legislative, and Other General Government Support

About the position

The Mayor's Office of Management and Budget (OMB) serves as the chief financial agency for the City government, responsible for assembling and overseeing the Mayor's expense and capital budgets that fund the services and activities of approximately 90 City agencies and entities. Within this framework, the Citywide Government Operations Taskforce plays a crucial role in overseeing and preparing the expense and capital budgets for more than 30 agencies, offices, boards, and commissions, including the Department of Citywide Administrative Services and the Office of Technology and Innovation. This position is part of a team that prepares and monitors the financial plans and budgets for agencies that provide centralized services to the rest of the City government. The Analyst position involves a variety of responsibilities aimed at ensuring effective budget management and compliance with financial regulations. The successful candidate will prepare annual expense and capital budgets, as well as four-year financial plans, for the agencies under the Unit's oversight. This includes reviewing agency budget submissions related to savings proposals and ongoing projects, developing options for reducing departmental budgets based on statistical analyses, and preparing and maintaining budgetary controls to monitor agency expenditures and revenues. The role also requires evaluating agency-held contracts, monitoring budget modifications, and ensuring compliance with approved funding allocations. In addition to these responsibilities, the Analyst will utilize Excel to analyze large data sets, employing formulas and pivot tables to present data effectively. The position demands strong analytical skills, attention to detail, and the ability to work under pressure while meeting tight deadlines. Excellent written and verbal communication skills are essential, as the Analyst will interact with various stakeholders and present findings clearly and concisely.

Responsibilities

  • Prepare annual expense and capital budgets and four-year financial plans for the agencies this Unit oversees.
  • Review agency budget submissions related to savings proposals, agency operations, and ongoing and new projects.
  • Develop options and make recommendations for reducing departmental budgets based on statistical analyses, cost effectiveness, and revenue implications.
  • Prepare, administer, and maintain budgetary controls and monitor agency expenditures and revenues.
  • Review, monitor, and evaluate agency-held contracts.
  • Monitor and expedite the progress of budget modifications and other technical exercises, ensuring compliance with approved funding allocations and cost-effective financial planning.
  • Monitor the performance and status of agency projects.
  • Use Excel formulas and pivot tables to analyze large data sets; effectively format spreadsheets for presentation and review.

Requirements

  • Bachelor's degree in Business, Finance, Economics, Public Policy Analysis/Administration, or a related field with no or one year of full-time experience in budgetary planning/management, audit, compliance, accounting, financial analysis, public policy analysis/administration, or a related field for Assistant Analyst.
  • Bachelor's degree in Business, Finance, Economics, Public Policy Analysis/Administration, or a related field and a minimum of two years responsible budgetary planning/management, financial analysis, public policy analysis/administration, or a related field; or an awarded Master's degree in Financial Management, Business, Public Administration or a related field for Analyst.
  • Bachelor's degree in Business, Finance, Economics, Public Policy Analysis/Administration, or a related field and a minimum of three years of full-time experience in budgetary planning/management, financial analysis, public policy analysis/administration, or a related field; or an awarded Master's degree in Business, Public Policy Administration, Finance, Economics, or related field, and one year of relevant experience for Senior Analyst.
  • Demonstrated interest and/or experience in the public sector.
  • Ability to use good judgement under pressure and motivation to work on projects with long timelines.
  • Creativity while facing problems without clearly defined solutions.
  • Excellent written and verbal communication skills and strong interpersonal skills.

Nice-to-haves

  • Experience with public sector budgeting processes.
  • Familiarity with financial analysis tools and techniques.
  • Ability to work evenings and weekends as needed.

Benefits

  • Public Service Loan Forgiveness eligibility for federal loan forgiveness programs and state repayment assistance programs.
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