Budget Analyst

About the position

The Budget Analyst will serve in the Expense Budget Unit within the Division of Budget and Capital Program Management. The unit is responsible for managing the agency's $1.4 billion annual operating budget evenly split between Personal Services (PS) and Other Than Personal Services (OTPS). Under the supervision of the Assistant Director, the Analyst should possess excellent analytical, critical thinking skills, be highly motivated and a results-oriented individual. To effectively support the assigned divisions and manage the portfolios, the analyst will perform duties that include but are not limited to monitoring the portfolio's spending plan, and Financial Plan changes as well preparing expenditure reports. Provide programmatic staff with oversight and technical assistance with funding and budgeting. Serve as a key person for the agency's inter-fund agreements (IFA) budget planning and managing the activities of the agency's IFA budget while interacting extensively with the IFA Unit at OMB. Responsibilities will also include developing and evaluating Financial Plan proposals designed to help balance the budget by reducing costs or increasing revenue; reviewing and updating program budgets for assigned divisions; identifying funding for unanticipated needs; and performing critical technical budget exercises related to fiscal year close. The Budget Analyst will also oversee variance explanations of planned versus actual spending; develop estimates of fiscal impact of policies using reports to inform decision-makers; prepare ad hoc budget, spending, and performance reports and analyses as required. As part of this work assignment, the Budget Analyst will work with the Capital and Expense Budget Office as well as division staff in presenting summary briefing materials for Executive and Expense Budget Directors.

Responsibilities

• Monitor the portfolio's spending plan and Financial Plan changes.
• Prepare expenditure reports.
• Provide oversight and technical assistance with funding and budgeting.
• Manage the agency's inter-fund agreements (IFA) budget planning.
• Develop and evaluate Financial Plan proposals to balance the budget.
• Review and update program budgets for assigned divisions.
• Identify funding for unanticipated needs.
• Perform critical technical budget exercises related to fiscal year close.
• Oversee variance explanations of planned versus actual spending.
• Develop estimates of fiscal impact of policies.
• Prepare ad hoc budget, spending, and performance reports and analyses.
• Present summary briefing materials for Executive and Expense Budget Directors.

Requirements

• A master's degree from an accredited college in relevant fields and one year of satisfactory full-time professional experience in budget administration, accounting, economic or financial administration, or related areas.
• A baccalaureate degree from an accredited college and three years of satisfactory full-time professional experience in relevant areas.
• An associate degree or completion of 60 semester credits from an accredited college and five years of satisfactory full-time professional experience in relevant areas.
• A four-year high school diploma or its educational equivalent and seven years of satisfactory full-time professional experience in relevant areas.
• A combination of education and/or experience equivalent to the above.

Nice-to-haves

• Eligibility under the 55-a Program for qualified persons with a disability.

Benefits

• Eligibility for federal loan forgiveness programs and state repayment assistance programs.
• New York City residency requirement within 90 days of appointment.