Budget & Policy Analyst IV - Denver

Colorado Department of Transportation; Denver (CO); On-site; USD 90,000 - 120,000; Full time

Job summary

CDOT is seeking a Budget & Policy Analyst IV to serve as a Subject Matter Expert on the department's transportation revenue program and to provide advanced financial and fiscal analysis. You will develop, maintain, and improve revenue forecasting models, including the annual revenue forecast and monthly cash model, and analyze revenue trends and forecast changes.

You will also provide technical support for budget submissions, perform fiscal analysis during the legislative session, and deliver

Qualifications

• Advanced financial and fiscal analysis for decision support.
• Develop and maintain revenue forecasting models.
• Analyze revenue trends, assumptions, and forecast changes.
• Provide fiscal note support during legislative sessions.
• Coordinate with internal and external stakeholders.

Responsibilities

• Serve as Subject Matter Expert on revenue forecasting.
• Develop, maintain, and improve the Department’s revenue forecasting models.
• Independently evaluate forecast assumptions, methodologies, and inputs.
• Analyze economic conditions and legislation affecting revenues and determine modeling approaches.
• Prepare revenue reports for Executive leadership, TC, OSPB, JBC, and others.

Skills

Revenue forecasting

Financial modeling

Legislation analysis

Stakeholder coordination

Executive reporting

Job description

Department Information

This position is only open to Colorado state residents. New employees to the State will be paid biweekly. There are 26 biweekly pay periods in a year.

About CDOT

CDOT employees make a difference by providing freedom, connection, and experience to the traveling public, while also keeping them safe. The State of Colorado offers competitive medical, dental and vision insurance, life and disability insurance, and flexible spending and health savings accounts. Visit the State of Colorado benefits for details, current premium rates and a summary video about benefits. The state also offers PERA retirement, great optional PERA plans such as 401K, a generous paid time off package of annual, sick, holiday and other leave, strong career growth, tuition reimbursement and professional development. Perks include Colorado Employee Assistance Program (CSEAP) counseling, wellness, credit union membership and employee discount program. Visit CDOT Benefits for details. Some positions may qualify for Public Service Loan Forgiveness.

CDOT for All

CDOT’s strength is our people, and our commitment to our people is to shape, support, and sustain the employee experience, and ultimately, create a supportive workplace where everyone, regardless of gender, race, ethnicity, religion, national origin, age, sexual orientation, gender identity, citizenship status, education, disability, socio-economic status, or any other identity, has the opportunity to thrive.

The eligible list created from this announcement may be used to fill current and future vacancies for a period of up to 6 months.

Description Of Job

About the Unit

The Budget & Policy Analyst IV works in the Colorado Department of Transportation’s (CDOT’s) Office of Financial Management and Budget (OFMB) within the Division of Accounting and Finance (DAF). OFMB is responsible for the overall financial management of CDOT. OFMB forecasts revenue and cash balances; develops and manages the budget for all CDOT organizations, programs and Federal-aid projects; analyzes pending legislation for potential fiscal impacts; develops and submits the legislative budget; helps manage the debt of CDOT and the Enterprises; manages spending authority in the Colorado Operations Resource Engine (CORE); manages the CO State Infrastructure Bank (SIB) Program; provides ad hoc financial analysis and develops the CDOT budgetary forms and procedures. Information developed by OFMB is utilized by the Executive Management Team (EMT), the Transportation Commission (TC), the Governor's Office, the Office of State Planning and Budgeting (OSPB), the Joint Budget Committee (JBC), the Legislative Council, legislative committees, the Federal Highway Administration (FHWA), the Federal Transit Administration (FTA), Local governments, and the general public.

About The Position

The Budget & Policy Analyst IV serves as a Subject Matter Expert/Staff Authority for CDOT’s transportation revenue program and provides advanced financial and fiscal analysis to support Department decision-making. The position is responsible for developing, maintaining, and improving the Department’s short- and long-term revenue forecasting models, including the annual revenue forecast and monthly cash model, and for analyzing revenue trends, assumptions, and forecast changes. The position develops financial models and scenario analyses to evaluate the fiscal and policy implications of proposed changes to transportation funding, fees, taxes, and other revenue sources and provides analysis and recommendations to Executive Management and other stakeholders. The position also provides detailed revenue reporting and analysis, including monitoring and reconciling actual revenues to forecasts, evaluating variances, and communicating the financial implications of changes in revenue. During the legislative session, the position performs fiscal analysis of proposed legislation, develops and reviews fiscal note responses, and evaluates potential revenue, expenditure, workload, and other financial impacts to the Department. The position also provides technical support for the development and review of the Department’s annual and legislative budget submissions, including analysis of budget requests, revenue assumptions, and other financial information.

Your duties and responsibilities will include, but are not limited to, the following:

Revenue Forecasting and Financial Modeling

• Serve as Subject Matter Expert/Staff Authority on revenue forecasting.
• Develop, maintain, and continuously improve the Department’s revenue forecasting models, including the annual revenue forecast, monthly cash model, and long-range revenue models.
• Independently evaluate and update forecast assumptions, methodologies, and model inputs.
• Analyze changes in economic conditions, legislation, and other factors affecting transportation revenues and determine the appropriate modeling approach to produce accurate and reliable revenue forecasts.
• Coordinate with CDOT programs, OFMB staff, and other internal and external stakeholders to gather and validate revenue data and develop forecast assumptions.
• Analyze actual revenues against forecast, reconcile revenue, identify and explain variances and prepare revenue reports and other financial information for Executive leadership, the Transportation Commission, OSPB, JBC, legislative staff, and other stakeholders.
• Independently develop financial models and