Budget Analyst

New York City Department of Transportation; New York (NY); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated Budget Analyst to join their Expense Budget Unit. This role involves managing a substantial annual operating budget and requires excellent analytical and critical thinking skills. The successful candidate will oversee financial planning, prepare detailed expenditure reports, and collaborate with various departments to ensure effective budget management. This is a unique opportunity to contribute to the financial integrity of a vital public service organization while working in a dynamic and inclusive environment. If you are motivated and results-oriented, this position is perfect for you.

Benefits

Federal and state loan forgiveness programs

Diversity and inclusion commitment

Qualifications

• Master's degree in relevant field with one year of experience.
• Bachelor's degree with three years of experience.

Responsibilities

• Monitor spending plans and prepare expenditure reports.
• Develop estimates of fiscal impacts of policies and prepare analyses.

Skills

Analytical Skills

Critical Thinking

Budget Management

Financial Reporting

Education

Master's Degree in Economics or Finance

Bachelor's Degree

High School Diploma

Job description

Job Title: Budget Analyst

The Budget Analyst will serve in the Expense Budget Unit within the Division of Budget and Capital Program Management. The unit manages the agency's $1.4 billion annual operating budget, split evenly between Personal Services (PS) and Other Than Personal Services (OTPS). Under the supervision of the Assistant Director, the Analyst should possess excellent analytical and critical thinking skills, be highly motivated, and results-oriented.

Responsibilities include but are not limited to monitoring the portfolio's spending plan and Financial Plan changes, preparing expenditure reports, providing oversight and technical assistance on funding and budgeting, and managing the agency's inter-fund agreements (IFA) budget in collaboration with the IFA Unit at OMB. Additional duties involve developing and evaluating Financial Plan proposals, reviewing and updating program budgets, identifying funding for unanticipated needs, and performing fiscal year close exercises.

The Budget Analyst will oversee variance explanations of planned versus actual spending, develop estimates of fiscal impacts of policies, and prepare ad hoc reports and analyses. They will also collaborate with the Capital and Expense Budget Office and division staff to present summary briefing materials for Executive and Expense Budget Directors.

Minimum Qualifications

1. A master's degree in economics, finance, accounting, business or public administration, public health, human resources management, management science, operations research, organizational behavior, industrial psychology, statistics, personnel administration, labor relations, psychology, sociology, human resources development, political science, urban studies, or a Juris Doctor from an accredited law school, with one year of relevant professional experience.
2. A bachelor's degree with three years of relevant professional experience.
3. An associate degree or 60 semester credits with five years of relevant experience.
4. A high school diploma or equivalent with seven years of relevant experience.
5. A combination of education and experience equivalent to the above, with college credits substituting for experience at a rate of 30 semester credits per year.

Additional Information

• This position is open to qualified persons with a disability eligible for the 55-a Program. Indicate your interest at the top of your resume and cover letter.
• Eligible employees may participate in federal and state loan forgiveness programs. More information is available at https://studentaid.gov/pslf/.
• Residency in New York City is generally required within 90 days of appointment, with some exceptions based on employment duration.
• The City of New York is an equal opportunity employer committed to diversity and inclusion.