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Budget Analyst

Job Description

***You must be permanent in the Civil service title of Staff Analyst in order to apply for this position***

- Participates in developing efficiency initiatives and presenting supplemental budget requests or other financial plan changes, through acting as a liaison with various divisions/units (including interaction with ECS staff).
- Assists with the preparation of City Council Budget Briefing Documents for scheduled hearings.
- Participates in the preparation/updates of QAS Plans and in the review and analysis of monthly variance reports.
- Assists with the generation of PS and OTPS budget analyses as needed.
- Interacts with Fiscal concerning preparation of FMS budget modifications and interacts with OMB and/or FISA concerning approval of same.
- Assists with the preparation of Law Department billings/reimbursements/journal entries involving other agencies.
- Updates log of LD hires and separations, including assistance with the production of quarterly attrition and headcount analyses based on changes in the PS Roster or Folklaw.
- Acts as liaison with Fiscal and ACCO’s office to expedite approvals of MOUs and FMS contracts, pursuant to PPB guidelines.
- Participates in the review of ILEs (incidental litigation expenses) before submission to OMB for funding.
- Interacts with IT and assists with the preparation of the monthly IT Budget Summary report on information technology needs and spending.
- Assists with the preparation and review of OMB revenue exercises.
- As requested, and under supervision or independently, utilizes analytical, Excel, and interpersonal skills to respond to or assist with special projects of senior management or oversight agencies for budget/fiscal monitoring, program operations review, and accountable decision-making.

To apply: click "apply" button.

Residency Requirement: New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

Qualifications

A master's degree from an accredited college in economics, finance, accounting, business or public administration, 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 degree from an accredited law school; or

A baccalaureate degree from an accredited college and two years of satisfactory full- time professional experience working in one or a combination of the following areas: working with the budget of a large public or private concern in budget administration, accounting, economic or financial administration, or fiscal or economic research; in management or methods analysis, operations research, organizational research or program evaluation; in personnel or public administration, recruitment, position classification, personnel relations, labor relations, employee benefits, staff development, employment program planning/administration, labor market research, economic planning, social services program planning/evaluation, or fiscal management; or in a related area.

An associate degree or completion of 60 semester credits from an accredited college and four years of satisfactory full-time professional experience as described in "2" above.

A four-year high school diploma or its educational equivalent approved by a State's department of education or a recognized accrediting organization and six years of satisfactory full-time professional experience as described in "2" above.

A combination of education and/or experience equivalent to “1”, “2”, “3”, or “4” above. College education may be substituted for professional experience at the rate of 30 semester credits from an accredited college for one year of experience. However, all candidates must have a high school diploma.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

Average salary estimate

$75000 / YEARLY (est.)
min
max
$60000K
$90000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Budget Analyst, City of New York

Are you ready to take on an exciting challenge as a Budget Analyst with the City of New York? This position is perfect for a detail-oriented individual who enjoys working with financial data and collaborating with various teams. As a Budget Analyst, you'll participate in developing efficiency initiatives and prepare essential documents for the City Council Budget Briefing. This role involves interacting with several divisions, including ECS staff, to ensure smooth budget preparations. You'll delve into monthly variance reports, analyze budget data, and work with key players like the Fiscal and OMB teams for budget modifications. If you have a knack for numbers, you'll also prepare IT Budget Summary reports and engage in various administrative tasks to help manage the city's resources effectively. Don’t worry if it sounds daunting; you won’t be alone! You'll have the opportunity to assist senior management with special projects, where your analytical and Excel skills will shine. We’re looking for individuals with a master's or bachelor's degree in relevant fields or significant experience in budget administration. If you’re a problem-solver who thrives in a dynamic environment, come join us and contribute to making New York City a better place for everyone! Remember, to apply, you'll need to click the 'apply' button and meet the residency requirements, so gear up for an amazing opportunity to enhance your career with the City of New York!

Frequently Asked Questions (FAQs) for Budget Analyst Role at City of New York
What are the main responsibilities of a Budget Analyst at the City of New York?

The Budget Analyst at the City of New York plays a pivotal role in developing efficiency initiatives, preparing City Council Budget Briefing Documents, and analyzing monthly variance reports. This position also requires interaction with multiple divisions to assist in the generation of budget analyses and the preparation of important fiscal documents.

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What qualifications do I need to become a Budget Analyst for the City of New York?

To qualify for the Budget Analyst position at the City of New York, applicants should have a master's degree in fields like economics or finance or a bachelor's degree with two years of relevant professional experience. Further acceptable qualifications include a combination of education and experience, ensuring candidates have a solid foundation in budget management or related areas.

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How does a Budget Analyst at the City of New York assist with IT Budget Summary reports?

As a Budget Analyst, you will assist with the preparation of the monthly IT Budget Summary report, which captures essential insights into the city's information technology needs and spending. This involves collaboration with IT personnel to ensure all financial aspects are well-documented and analyzed for effective decision-making.

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What skills are essential for a successful Budget Analyst working in New York City?

Essential skills for a Budget Analyst at the City of New York include strong analytical abilities, proficiency in Excel, and excellent interpersonal communication skills. These tools will help you interact effectively with various departments and complete complex financial analyses to support the city's budgeting processes.

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What is the importance of residency for a Budget Analyst in New York City?

Residency is important for a Budget Analyst in New York City as it ensures that employees are familiar with the local environment and issues. Generally, NYC residency is required within 90 days of appointment, although certain city employees may be eligible for residency in nearby counties based on specific conditions.

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Common Interview Questions for Budget Analyst
What experience do you have with budget administration as a Budget Analyst?

When answering this question, share specific experiences where you managed budgets, created reports, or collaborated with management on budget initiatives. Highlight any successful projects and how your contributions led to financial efficiencies.

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How do you handle discrepancies in budget reports?

The best approach is to outline your methodical process for identifying discrepancies, including how you gather data, consult with stakeholders, and implement corrections. Emphasize your analytical skills and attention to detail.

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Can you explain a time when you had to present financial data to a non-financial audience?

It's important to showcase your ability to simplify complex financial data. Provide an example that illustrates how you adjusted your communication style, utilized visuals, and ensured understanding among different audiences.

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What tools and software are you familiar with in budget analysis?

Discuss the financial software, spreadsheets, and analytical tools you’ve used. Highlight your proficiency in Excel as well as any familiarity with budget management systems, emphasizing how these tools have aided your analysis work.

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How do you prioritize tasks when managing multiple budget projects?

Use this opportunity to describe your organizational skills. Mention any specific methodologies, like the Eisenhower Box or Gantt charts, that help you prioritize tasks based on urgency and importance.

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Tell us about a time you contributed to a cost-saving initiative.

Provide a concrete example of how you identified a spending inefficiency and worked to implement a cost-saving measure. Your answer should highlight your analytical thinking and collaborative efforts.

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What do you understand about the role of a Budget Analyst in public administration?

Demonstrate your understanding of public sector budgeting dynamics, including transparency, compliance, and accountability. Relate these points back to how they impact areas such as public trust and effective resource allocation.

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How do you stay updated on budget policies and regulations?

Explain your commitment to continuous learning through reading industry news, attending workshops, and participating in relevant seminars. Mention specific resources or organizations that keep you informed about budgetary regulations.

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Describe a time you worked as part of a team on a budgeting project.

Here, showcase your teamwork and collaboration skills. Discuss the team dynamic, your role, your contributions and how the outcome was influenced by collaborative efforts.

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What motivates you to work as a Budget Analyst for the City of New York?

Share your passion for public service and how the role aligns with your values. Discuss your desire to contribute to the city's financial health and support community initiatives, solidifying your commitment to the job.

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DATE POSTED
January 6, 2025

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