Budget Analyst

Office of the Secretary; Washington (District of Columbia); On-site; USD 150,000 - 180,000; Full time

Job summary

Department of Commerce is seeking a Budget Analyst in the Office of the Secretary. The role focuses on leading budget formulation for major programs, drafting operating budgets, and coordinating data for funding decisions. Experience with G-Invoicing, cost models, and WCF guidance is essential.

Applicants must have specialized experience at the GS-14 level and can come from non-federal backgrounds. The position emphasizes adherence to OPM standards and strong financial operations management.

Qualifications

• One year of specialized experience equivalent to GS-14 in the Federal service.
• Experience leading budget formulation activities for a major organizational program.
• Experience calculating standardized hourly labor rates and full-cost estimates.

Responsibilities

• Lead budget formulation activities for a major program, including drafting operating budgets and future-year deliverables.
• Coordinate budget data and prepare recommendations on funding requirements and adjustments.
• Perform manual and system-based billing activities and maintain accurate obligations and forecasts.
• Provide authoritative Working Capital Fund (WCF) guidance and monitor reimbursable accounts.

Skills

Budget formulation

Cost estimation

G-Invoicing

Financial analysis

Tools

G-Invoicing

Operating budget tools

Job description

This vacancy is for a Budget Analyst in the Office of the Secretary within the Department of Commerce.

Qualification requirements in the vacancy announcements are based on the U.S. Office of Personnel Management (OPM) Qualification Standards Handbook, which contains federal qualification standards. This handbook is available on the Office of Personnel Management's website located at: https://www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards/#url=Occupational-Series Applicants must possess one year of specialized experience equivalent in difficulty and responsibility to the next lower grade level in the Federal Service. Specialized experience is experience that has equipped the applicant with the particular competencies/knowledge, skills and abilities to successfully perform the duties of the position. This experience need not have been in the federal government. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations e.g., professional; philanthropic, religious; spiritual; community, student, social). Volunteer work helps build critical competencies; knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. To qualify at the GS-15 level You must meet the specialized experience as described below. SPECIALIZED EXPERIENCE: You must possess one full year (52 weeks) of specialized experience equivalent to the GS-14 in the Federal service. Specialized experience is defined as: Experience leading budget formulation activities for a major organizational program, including drafting operating budgets, developing future-year budget deliverables, coordinating budgetary data, and preparing recommendations on funding requirements and adjustments. Experience calculating standardized hourly labor rates and full-cost estimates for reimbursable agreements, preparing cost models for MOUs/IAAs, and coordinating required clearances with OSFM, HR, and General Law. Experience performing manual and system-based billing activities, entering and tracking agreements in G-Invoicing, and ensuring timely, accurate billing using time tracking methods or agreement-specified procedures. Experience providing authoritative Working Capital Fund (WCF) guidance, including analyzing expenditures, monitoring reimbursable and revolving accounts, and applying internal controls to reduce improper payments. Experience executing core financial operations such as commercial payments, reimbursements, travel, appropriations, transfers, and Status of Funds (SOF) updates-maintaining accurate obligations, projections, salary data, and year-end financial forecasts. Education can not be substituted for experience at this grade level.