Branch Budget Analyst

CalPERS; Sacramento (CA); Hybrid; USD 72,000 - 91,000; Full time

Job summary

CalPERS in Sacramento, CA seeks a Budget and Contract Analyst II to manage the Health Policy and Benefits Branch budget and contracts, enabling high‑quality healthcare options for members. The role supports financial reporting and process improvements in a collaborative team setting.

The position offers a hybrid schedule with in‑person and remote work, and requires a Statement of Qualifications with detailed experience in budgeting, analysis, and contract administration.

Qualifications

• Describe your experience monitoring budgets, tracking expenditures, and analyzing variances.
• Translate complex financial data into actionable insights for management or stakeholders.
• Support contracts, procurement packages, invoices, or related review processes.

Responsibilities

• Manage HPBB budget and contracts to enable high‑quality healthcare options for CalPERS members.
• Collaborate with stakeholders to translate financial data into clear reports and forecasts.
• Support procurement and contract processes, ensuring accuracy and compliance.

Skills

Budget monitoring

Financial reporting

Contract support

Job description

Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.

Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.

It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.

Position Details

Job Code #: JC-537893

Position #(s): 275-520-5393-011

Working Title: Branch Budget Analyst

Classification: ANALYST II

$6,031.00 - $7,547.00 A

# of Positions: 1

Work Location: Sacramento County

Telework: Hybrid

Job Type: Permanent, Full Time

Department Information

The California Public Employees’ Retirement System (CalPERS) is the nation’s largest public pension fund, providing retirement and health benefits to public employees, retirees, and their families. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website ! To take a look at CalPERS as a destination employer, view this YouTube video .

Job Description And Duties

Anticipated Interview Dates: We anticipate holding in-person interviews beginning the week of December 7, 2026. We look forward to meeting with you!

Do you enjoy working in a collaborative team environment where challenging and rewarding work is the norm? Do you have a passion for budgets and contracts? Do you enjoy creating and maintaining efficient and effective processes? If you’ve answered yes to these questions, then you may be interested in exploring this position further!

The CalPERS Health Account Management Division is currently seeking a Budget and Contract Analyst II to manage the Health Policy and Benefits Branch (HPBB) budget and contracts that enable HPBB to provide high-quality healthcare options to CalPERS members, helping drive our CalPERS mission.

Telework Information

This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

Sponsorship

This position is not eligible for visa sponsorship. Applicants must be authorized to work in the United States without the need for visa sponsorship. CalPERS does not participate in E-Verify for employment authorization purposes.

Effective July 1, 2025, The California Department of Human Resources (CalHR) implemented the Personal Leave Program 2025 (PLP 2025). PLP 2025 directs that each employee shall receive a 3 percent reduction in pay in exchange for 5 hours PLP 2025 leave credits, monthly. The salary range(s) included in the job advertisement do not reflect the 3 percent reduction in pay.

How did you hear about this position? Tell us in this brief survey .

You will find additional information about the job in the Duty Statement .

Special Requirements

Statement of Qualifications

Please provide a Statement of Qualifications (SOQ) for the hiring manager’s review. Applications received without an SOQ or those that do not respond to the specific questions below will not be considered.

The SOQ must be typed, titled “Statement of Qualifications,” and each response must be numbered and list all relevant experience, education, and training, including places of employment, dates, and duties performed. The SOQ must not exceed two pages in length.

• Describe your experience monitoring budgets, tracking expenditures, and analyzing fiscal variances. If you have not worked directly with operating or project budgets, describe a comparable example where you tracked data, identified discrepancies, and recommended a resolution.
• CalPERS analysts must translate complex financial data into actionable insights for non-financial stakeholders. Describe a time when you prepared detailed financial reports, forecasts, or other analytical materials for management or non-financial stakeholders. How did you ensure accuracy, and how did you communicate the results in a clear and actionable way? If you do not have direct financial reporting experience, explain how your experience prepared you to do this work.
• Describe your experience supporting contracts, procurement packages, invoices, or related review processes. If you have not worked directly in these areas, describe a time you followed detailed procedures, reviewed documentation for accuracy, or ensured compliance with policies or regulations.

Minimum Qualifications

All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. If you are using education to meet MQs, please include your transcripts with your application package. If you have a degree from outside of the United States, you must submit an evaluation of this degree to determine the US equivalency. If you need an evaluation, you can visit the National Association of Credential Evaluation Services (NACES) website to find organizations that provide these services. The Classification Specification is located on this Job Posting under "Minimum Requirements".

Please Note: You may need to pass an examination to establish list eligibility prior to a final offer of employment. To find and take an exam, visit CalHR’s CalCareers website .

The CalPERS Career Services & Outreach (CSO) team provides comprehensive support throughout the CalPERS hiring process. Our services include one-on-one online consultations for application assistance, Statement of Qualification review, and interview preparation. To schedule an appointment and receive personalized guidance from our team, please use the following booking link: CalPERS Career Services Consultations .