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 & Budget (OMB) within the City of New York is a critical role that supports the financial operations of the city government. The OMB is responsible for assembling and overseeing the Mayor's expense and capital budgets, which fund the services and activities of approximately 90 City agencies and entities. The Analyst will work within the Citywide Government Operations Taskforce, which oversees the budgetary processes for more than 30 agencies, offices, boards, and commissions, including the Department of Citywide Administrative Services and the Office of Technology and Innovation. In this role, the Analyst will be tasked with preparing annual expense and capital budgets, as well as four-year financial plans for the agencies under the Unit's oversight. This involves reviewing agency budget submissions related to savings proposals, ongoing and new projects, and making recommendations for budget reductions based on statistical analyses and cost-effectiveness. The Analyst will also be responsible for administering and maintaining budgetary controls, monitoring agency expenditures and revenues, and evaluating agency-held contracts. The position requires proficiency in Microsoft Excel, particularly in using formulas and pivot tables to analyze large data sets. The Analyst will need to effectively format spreadsheets for presentation and review, ensuring that all financial data is clear and accessible. The role demands strong analytical skills, the ability to work under pressure, and excellent written and verbal communication skills. The ideal candidate will be motivated to work on long-term projects and will possess creativity in problem-solving, especially when faced with challenges that do not have clearly defined solutions.

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.
  • 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.
  • Excellent written and verbal communication skills and strong interpersonal skills.

Nice-to-haves

  • Master's degree in Financial Management, Business, Public Administration, or a related field.
  • Experience in budgetary planning/management, financial analysis, or public policy analysis/administration.

Benefits

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