Budget Analyst

nc; United States; On-site; USD 41,000 - 69,000; Full time

Job summary

The North Carolina Department of State Treasurer is seeking a Budget Analyst I (NS) within the Financial Operations Division. The role reports to the Statewide Accounting Manager and supports budget execution for agency heads and division management.

Responsibilities include budget examination for compliance, consultation on multi-source funding, forecasting methodologies, and preparation of required reports. On-site presence may be required in crisis situations.

Qualifications

• Experience examining budgets to ensure compliance with state rules.
• Ability to forecast budgets and expenditures.
• Familiarity with federal and state reporting requirements.
• Strong analytical and leadership skills.

Responsibilities

• Examine budgets and expenditures for compliance with state budget rules and laws.
• Provide consultation and coordination in the preparation and execution of budgets with multiple funding sources.
• Complete or evaluate methodologies used in budget/spending forecasts to improve projections.
• Evaluate fiscal impact of program changes and ensure compliance with state/federal requirements.
• Coordinate and prepare legislatively required reports to meet requirements.
• Identify risks in budget/program activities and present solutions to management.
• Support related accounting functions and debt issuance processes.

Job description

Agency Dept of State Treasurer

Division Financial Operations Division

Job Classification Title Budget Analyst I (NS)

Position Number 60009274

Grade NC14

About Us

Our mission is to preserve, protect and sustain the state's pension and healthcare plans, generate investment returns in excess of comparable public pensions, properly account for and report on all funds that are deposited, invested, and disbursed through the North Carolina Department of State Treasurer, assure the financially sound issuance of debt for state and local governments, maintain the state's "AAA" bond rating, and provide exemplary service across all divisions of the Department.

Description of Work

This position reports to the Statewide Accounting Manager and provides leadership, oversight, and support in the execution of the budget to agency head and/or division management, including:

• Examines budgets and expenditures for compliance with applicable state budget rules, legislative intent, and federal and state laws.
• Provides consultation, technical assistance, and coordination in the preparation and execution of the continuation, operating, and expansion budgets which may utilize multiple funding sources.
• Completes or evaluates methodologies used in the preparation of budget or program spending forecasts and provides technical assistance to improve the accuracy of projections.
• Evaluates program, policy, and rule changes to determine their fiscal and program impact and to assure compliance with federal and state requirements.
• Coordinates, evaluates, and/or prepares legislatively required reports to ensure that they meet requirements.
• Identifies risks and adverse issues generated in budget and program activities, presents appropriate issues, and recommends solutions to management.
• Professional technical knowledge and analytical skills are utilized to assure that agency program goals and outcomes are effectively supported.
• Executes and supports related accounting functions.

Duties in this position are considered essential to operations for the Department of State Treasurer. This may require mandatory, on site work during adverse or crisis situations. Essential duties are a condition of continued employment. This position is considered an essential position within FOD of the Department of State Treasurer, including but not limited to the following business processes: Debt Issuance, principal and interest payments, fee payments, Debt Draws from OSBM or OSC.

The Financial Operations Division of the NC Department of State Treasurer is responsible for the efficient and prudent management of state held assets. The Division is comprised of four areas: Procurement and Contracting, Banking Operations, Bank Reconciliation Unit, and Accounting. Procurement & Contracting is the centralized function within DST that ensures compliance and consistency in purchasing and contracting. Banking Operations serves as the banking hub for all State departments, agencies, institutions, and universities. The Bank Reconciliation Unit is responsible for reconciling all of the State Treasurer's bank accounts as well as reconciling budget code balances between the Office of State Controller and DST. Accounting manages the accounting and financial reporting for all funds that are deposited, invested and disbursed through the Department of State Treasurer including the $150 billion investment pool and banking programs.

The Statewide Accounting Unit is responsible for Unclaimed Property Accounting, Debt Accounting, Budget, and State Health Plan Accounting and compliance with the EAGLE internal control program. The Pension and Investment Accounting Manager handles the accounting functions for the State Treasurer's Banking and Investments programs, Retirement Trust funds, and the Supplemental Retirement Plans.

The Budget Analyst I reports to the Statewide Accounting Manager and provides leadership, oversight, and support in the execution of the budget to agency head and/or division management.

Knowledge Skills and Abilities/Management Preferences

*The anticipated hiring rate for this position is up to $ 68,536 .00, based on available funding and internal equity considerations.*

Knowledge Skills

Examines budgets and expenditures for compliance with applicable state budget rules, legislative intent, and federal and state laws.

Provides consultation, technical assistance, and coordination in the preparation and execution of the continuation, operating, and expansion budgets which may utilize multiple funding sources. Forecasts and provides technical assistance to improve the accuracy of projections.

Evaluates program, policy, and rule changes to determine their fiscal and program impact and to assure compliance with federal and state requirements.

Coordinates, evaluates, and/or prepares legislatively required reports to ensure that they meet requirements.

Completes or evaluates methodologies used in the preparation of budget or program spending

Knowledge Skills a