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Budget Analyst - job 1 of 2

Job Description

ONLY PERMANENT EMPLOYEES IN THE TITLE AND THOSE THAT ARE REACHABLE ON THE ECONOMIST CIVIL SERVICE LIST ARE ELIGIBLE TO APPLY.

Division/Program Summary Description:
The Division of Finance has the responsibility and authority for policy analysis, program development, performance tracking and improvement, financial management, resource maximization and technical assistance. Finance helps to ensure that programs and administrative operations have the information, analysis, funding and technical capacity to deliver critical services effectively and meet the Department of Health's objectives.

Position Summary:
The Budget Analyst will be overseeing the CTL and grant budgets for selected bureaus within the division of Mental Hygiene. Reporting directly to the Assistant Director of Mental Hygiene Budgets.

Job Duties and Responsibilities:
- Monitor the fiscal operation of city, federal, state and private grant funded programs to ensure compliance and assist programs in more efficient/effective approaches to program administration.
- Collects, classified, evaluates, and analyzes economic data submitted by programs and prepares reports.
- Research the programmatic implications of proposed policies, including identifying the impact to, Personnel Services and Other Than Personnel Services budgets.
- Updating of internal budgeting systems and monitoring Grant and City Tax Levy spending; reviewing OTPS encumbrances and personnel expenditures; assist in the preparation of budget modifications, journal entries, and grants closeouts.
- Research potential funding sources for ongoing and new program initiatives.
- Make recommendations to the program representatives for changes and corrections of errors.
- Prepare fiscal summary reports and analyses, making recommendations to supervisory staff concerning provision of additional funding of existing or new programs.
- Assist in the development and implementation of new policies and procedures.

Why you should work for us:
- Benefits: City employees are entitled to unmatched benefits such as:
o a premium-free health insurance plan that saves employees over $10K annually, per a 2024 assessment.
o additional health, fitness, and financial benefits may be available based on the position’s associated union/benefit fund.
o a public sector defined benefit pension plan with steady monthly payments in retirement.
o a tax-deferred savings program and
o a robust Worksite Wellness Program that offers resources and opportunities to keep you healthy while serving New Yorkers.
- Work From Home Policy: Depending on your position, you may be able to work up to two days during the week from home.
- Job Security - you could enjoy more job security compared to private sector employment and be able to contribute to making NYC a healthy place to live and work.

Established in 1805, the New York City Department of Health and Mental Hygiene (NYC Health Department) is the oldest and largest health department in the U.S., dedicated to protecting and improving the health of NYC. Our mission is to safeguard the health of every resident and cultivate a city where everyone, regardless of age, background, or location, can achieve their optimal health. We provide a wide array of programs and services focused on food and nutrition, anti-tobacco support, chronic disease prevention, HIV/AIDS treatment, family and child health, environmental health, mental health, and social justice initiatives. As the primary population health strategist and policy authority for NYC, with a rich history of public health initiatives and scientific advancements, from addressing the 1822 yellow fever outbreak to the COVID-19 pandemic, we serve as a global leader in public health innovation and expertise.

Come join us and help to continue our efforts in making a difference in the lives of all New Yorkers!

Commitment to Equity:

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.

The NYC Health Department is an inclusive equal opportunity employer committed to providing access and reasonable accommodation to all individuals. To request reasonable accommodation to participate in the job application or interview process, contact Sye-Eun Ahn, Director of the Office of Equal Employment Opportunity, at [email protected] or 347-396-6549.

ECONOMIST - 40910

Qualifications

1. A master's degree from an accredited college or university in economics, statistics, finance, management, business administration, public administration, public policy or related field; or

2. A baccalaureate degree from an accredited college or university, including or supplemented by 24 semester credits in one or more of the course areas of economics, statistics,
finance, management, mathematics, business administration, public administration, and public policy, 12 semester credits of which must have been in economics; and one year of satisfactory full-time experience in one or more of the
fields of finance; economic, fiscal or statistical research; policy analysis; or quantitative, business, market or financial analysis. Graduate semester credits in any of the areas described in "1" above may be substituted for the undergraduate
semester credits on the basis that each 3 graduate semester credits may be substituted for 6 of the required undergraduate semester credits.

Special Note
To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one additional year of full-time experience listed in "2" above.

Special Note
To be eligible for placement in Assignment Level III individuals must have, in addition to meeting the minimum requirements, at least two additional years of full-time experience listed in "2" above.

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

$70000 / YEARLY (est.)
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$60000K
$80000K

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

Are you ready to take your career to the next level as a Budget Analyst at the NYC Health Department in Long Island City, NY? In this exciting role, you'll be at the forefront of financial management, policy analysis, and program development within the Division of Finance. Your key responsibilities will include overseeing budgets for various city and federal grant programs, ensuring compliance, and providing valuable insights to improve program operations. You'll dive deep into economic data, evaluating and preparing reports that help guide the financial strategies of the division. Plus, you’ll get to research funding sources for new initiatives to help keep New York City's essential services running smoothly. The position also involves updating internal budgeting systems, monitoring expenditures, and making recommendations to enhance the financial health of programs. You’ll be joining a stellar team dedicated to providing excellent service to the community while enjoying a robust benefits package—including premium-free health insurance and a solid pension plan. At the NYC Health Department, we empower our employees to make substantial contributions to the health of New Yorkers, fostering an inclusive environment that promotes diversity. If you have a master’s degree in economics, finance, or related fields and a passion for public service, we invite you to apply and become a part of this vital mission!

Frequently Asked Questions (FAQs) for Budget Analyst Role at City of New York
What qualifications are needed for the Budget Analyst role at NYC Health Department?

To qualify for the Budget Analyst position at the NYC Health Department, candidates should have a master's degree in economics, finance, or a related field. Alternatively, a baccalaureate degree with at least 24 semester credits in related subjects, including 12 credits in economics, along with one year of full-time experience in finance or policy analysis, is acceptable. This combination of education and experience ensures you are well-equipped to handle the responsibilities of the role.

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What are the primary responsibilities of a Budget Analyst at NYC Health Department?

As a Budget Analyst at the NYC Health Department, your main responsibilities will include monitoring the fiscal operations of grant-funded programs, analyzing economic data, preparing reports, and offering recommendations for improvements. You will also research funding sources for programs and assist in the preparation of budget modifications and journal entries. This role is essential in ensuring programs have the necessary resources and strategies to function effectively.

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Is there a work-from-home option for the Budget Analyst position at NYC Health Department?

Yes, the NYC Health Department offers a flexible work-from-home policy for certain positions, including the Budget Analyst role. Depending on your assignments, you could take advantage of the option to work remotely two days a week, allowing for a better work-life balance while still effectively contributing to public health initiatives.

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What benefits do Budget Analysts enjoy when working at the NYC Health Department?

Budget Analysts at the NYC Health Department benefit from a comprehensive benefits package, which includes premium-free health insurance that can save you over $10K annually, a defined benefit pension plan, a tax-deferred savings program, and wellness resources aimed at maintaining your health while serving the community. This commitment to employee welfare is part of the department’s mission to promote a healthy workplace and community.

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What impact does the Budget Analyst role have on NYC public health initiatives?

The Budget Analyst position at the NYC Health Department plays a critical role in shaping the financial strategies that underpin public health initiatives across the city. By managing budgets effectively and conducting thorough analyses, Budget Analysts ensure that programs designed to improve health outcomes for New Yorkers are fully funded and operate efficiently, directly contributing to the department's overarching mission of safeguarding public health.

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Common Interview Questions for Budget Analyst
Can you explain how you monitor budgets and ensure compliance in your previous roles?

In my previous positions, I’ve employed various methods to track budget spending and ensure compliance. For instance, I regularly updated budgeting systems and conducted financial reviews. I used financial software to generate reports that highlighted discrepancies, which allowed the team to make informed decisions quickly. Consistent monitoring helped in assessing how funds were allocated and if we adhered to grant requirements.

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Describe a time when you had to analyze complex economic data. What was your approach?

When tasked with analyzing economic data for a large project, I first organized the data into manageable categories. I used statistical software to run analyses that identified trends and anomalies. Collaboration with colleagues facilitated a thorough understanding of the implications of the data, which allowed us to create comprehensive reports and actionable recommendations for program development.

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What strategies do you use for researching potential funding sources?

My strategy for researching funding sources includes a multi-faceted approach. I utilize online databases and government resources to identify potential grants and funding opportunities, while also networking with other organizations to discover new avenues. Additionally, I stay informed about changes in policies that might impact funding availability, ensuring that I can recommend timely and strategic opportunities for the team.

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How would you prepare a fiscal summary report?

Preparing a fiscal summary report involves collecting financial data from multiple sources, analyzing it for accuracy, and summarizing key insights. I start by gathering both quantitative and qualitative data, then create charts or tables that visualize spending trends. Concluding with a concise analysis that highlights the implications of the data and recommendations for stakeholders is essential for clarity and action.

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What experience do you have with budget modifications or journal entries?

In my previous role as a budget analyst, I routinely prepared budget modifications. This involved assessing current budgets against financial performance and identifying areas needing adjustment. For journal entries, I ensured all entries were accurately recorded, and I reconciled discrepancies with relevant departments to maintain clear and concise financial records.

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Discuss a time you recommended a change based on your analysis.

In one instance, my analysis of a program's financial data revealed a consistent overspend on specific line items. I recommended reallocating funds to streamline expenditures and presented these findings to management. This recommendation not only improved budget accuracy but also enhanced the overall efficiency of the program, leading to better service delivery.

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How do you keep up with changes in financial regulations impacting the public sector?

Staying updated with changes in financial regulations is essential for any budget analyst. I subscribe to financial journals, attend relevant workshops, and participate in local government forums. Networking with other professionals in the field also helps me gain insights into emerging trends and best practices necessary for maintaining compliance and promoting accountability.

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What tools and software are you proficient in for budget analysis?

I am proficient in using financial software like QuickBooks for tracking budgets and performing analyses. Additionally, I have experience with data analysis tools such as Excel for financial modeling and graphing. I also utilize reporting tools to compile data in a comprehensible format, ensuring that my analyses can be easily understood and utilized by stakeholders.

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Explain how you handle tight deadlines while preparing budget reports.

When faced with tight deadlines, I prioritize my tasks based on urgency and impact, focusing first on the most critical elements. I also employ time-management techniques like blocking specific periods for concentrated work and minimizing distractions. Collaboration with team members for information gathering or reviews can expedite the process while ensuring quality is not compromised.

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What motivates you to work as a Budget Analyst in the public sector?

My motivation to work as a Budget Analyst in the public sector stems from my passion for making a tangible impact on my community. Knowing that my work supports programs that improve public health and well-being drives my commitment to financial accuracy and strategic planning. I find fulfillment in being part of an organization dedicated to serving the public and fostering positive change.

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Our Mission To work to eliminate ageism and ensure the dignity and quality-of-life of New York City’s diverse older adults, and for the support of their caregivers through service, advocacy, and education. Strategic Goals To foster independence...

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DATE POSTED
April 18, 2025

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