BUDGET ANALYST

Position Summary

The Budget Analyst will assist in preparing and organizing the state's annual budget by gathering financial data, creating projections, and analyzing historical data to ensure accurate and effective budget planning. Collaborate with department managers to gather relevant data for the creation of department-specific budgets, ensuring alignment with overall state financial goals. Prepare budget reports and present financial summaries to support strategic decision-making for budget allocations. Conduct financial analysis to determine budget trends .and help identify areas for cost-saving or reallocation of resources. Prepare and maintain financial reports that detail the department's budgetary status, including income, expenditures, and forecasts. Ensure the department's budget complies with relevant laws, regulations, and policies regarding financial management and reporting.

 This position requires on-site employment with no remote or hybrid options available.

 Education and Professional Work Experience

Minimum Qualifications

A bachelor's degree in accounting, finance, business administration, economics, or a related field is required, plus two

(2) years of experience in budgeting, financial analysis, or a related financial management field.

Preferred Qualification 

• 2 years of experience in PBAS.
• 2 years of experience working with AASIS.
• 5 years’ experience using Office Products.
• 2 years of experience working with the state budget process.

Knowledge, Skills, and Abilities         

• Strong analytical and problem-solving skills to assess financial data, identify trends, and make recommendations for improving budget performance.
• Ability to perform detailed variance analysis and explain the underlying causes of budget discrepancies.
• Competence in developing financial models and forecasts to project future budgetary needs.
• Exceptional attention to detail to ensure that financial data is accurate and budgetary decisions are well-supported by reliable information.
• Ability to identify errors or inconsistencies in financial data and correct them before they affect the budget process. Solid understanding of government budgeting processes, accounting principles, and financial regulations.

 Job Responsibilities and Expected Results

• Monitors revenue, fund balances, expenditures and appropriations in AASIS.
• Assists with the AOP and Biennial Budget process for designated programs.
• Key necessary transactions in PBAS.
• Update Certifications of Income as needed.
• Prepare monthly financial reports for designated programs.
• Providing financial analysis and strategic input to facilitate high-level decision-making by management.
• Communicates complex cost accounting concepts to management and staff.
• Reports and explains cost allocations and budget decisions to internal and external stakeholders.
• Other duties as assigned.