Analyst - OTI

$58,851 - $84,257/Yr

Unclassified - New York, NY

posted 5 months ago

Full-time - Entry Level
New York, NY

About the position

The Analyst position at the Office of Management and Budget (OMB) is a critical role within the City of New York's financial management framework. The OMB is responsible for overseeing the Mayor's expense and capital budgets, which fund the operations of approximately 90 City agencies and entities. This position is part of the Citywide Government Operations Taskforce, which prepares and monitors the budgets of over 30 agencies, including the Department of Citywide Administrative Services and the Office of Technology and Innovation. The Analyst will be tasked with preparing annual expense and capital budgets, as well as four-year financial plans, ensuring that all mandated responsibilities and programmatic requirements are met. In this role, the Analyst will review agency budget submissions, focusing on savings proposals, ongoing operations, and new projects. The position requires the development of options and recommendations for reducing departmental budgets, utilizing statistical analyses to assess cost-effectiveness and revenue implications. The Analyst will also be responsible for administering and maintaining budgetary controls, monitoring agency expenditures and revenues, and evaluating agency-held contracts. Additionally, the role involves monitoring the progress of budget modifications and ensuring compliance with approved funding allocations. The successful candidate will utilize advanced Excel skills, including formulas and pivot tables, to analyze large datasets and present findings effectively. This position demands strong analytical skills, the ability to work under pressure, and excellent communication abilities, as the Analyst will interact with various stakeholders across the city government. The role may require working evenings and weekends as needed, reflecting the dynamic nature of public sector budgeting and financial management.

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 of responsible budgetary planning/management, financial analysis, public policy analysis/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 for Senior Analyst.
  • Demonstrated interest and/or experience in the public sector.
  • Professional experience applying quantitative and qualitative skills, or equivalent academic experience.
  • Ability to use good judgement under pressure and meet tight deadlines.

Nice-to-haves

  • Experience with public sector budgeting processes.
  • Advanced skills in Microsoft Excel beyond basic functions.

Benefits

  • Loan forgiveness programs available for eligible employees.
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