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Budget Analyst

Significance is a woman-owned consulting firm serving the federal government.  We are known for building trusted relationships within our teams and with our clients and hiring the highest-level experts who implement innovative solutions. We also like to have fun!  Our focus on culture has contributed to Significance being named a Washington Business Journal Best Place to Work each of the last six years.


We are seeking a Budget Analyst to support an opportunity with the Appalachian Regional Commission (ARC). The Appalachian Regional Commission is an economic development partnership entity of the federal government and 13 state governments focusing on 423 counties across the Appalachian Region. ARC's mission is to innovate, partner, and invest to build community capacity and strengthen economic growth in the region.


This position is contingent on contract award and work is expected to be performed on a hybrid basis (2 days per week onsite in Washington, DC).


In this role you will be responsible for tracking appropriated and non-appropriated funds; maintaining accurate and timely records of the status of allocations and transfers of funds for programs and administrative accounts; and for preparation of associated budget execution and similar reports. Responsible for providing managers and other key officials with budget related data and reports for program management and support the budget creation and report functions of the Federal staff. Perform a variety of accounting and finance support functions related to the ongoing development, maintenance, and integrity of the accounting and financial systems that involves preparation of varied management and other reports as needed to be used for analysis of GL accounts, performing numerous reconciliation functions, reviewing and approving grant and vendor invoice stamps, reviewing payroll worksheet for submission to USDA (Shared Service Provider).


Required Skills & Experience
  • Active Public Trust clearance
  • Bachelors Degree in related field
  • 3+ years of Federal budget or accounting experience
  • Knowledge of Federal budget accounting. 
  • Knowledge of Federal Accounting systems. 
  • Knowledge of Federal audit requirements. 
  • Knowledge of OMB circulars governing Federal obligations. 
  • Knowledge of Federal grants processes and accounting.
  • Proficiency with a variety of software including the Microsoft Office Suite with proficiency in Excel.


Desired Skills & Experience
  • Knowledge of automated accounting systems, the techniques used to maintain and analyze accounting data, accounting terminology, coding structures, and the procedures necessary to maintain records in the system. 
  • Familiarity with USDA, GAO, OMB and Treasury regulations and procedures for accounting and financial reports.
  • Knowledge of United States Standard General Ledger (USSGL) and crosswalks to ensure proper preparation of the financial reports. 
  • Skilled in identifying, categorizing, and analyzing quantitative data in order to prepare accounting and financial reports. 
  • Skilled in using automation to input, correct and retrieve data and to design custom reports. 
  • Ability to analyze and evaluate continual changes in program plans and funding and their effect on financial and budget program milestones 
  • Ability to analyze financial and budgetary relationships to develop recommendations for financial and/or budgetary actions 
  • Skilled in using databases to record and to extract information 
  • Adept analytical ability 
  • Strong oral and written communication


At Significance, your base pay is one part of your total compensation package and is determined within a range. Our pay ranges are based on the local cost of labor benchmarks for each specific role, level, and geographic location.

 

We carefully consider a wide range of factors when determining compensation, including but not limited to experience; job-related skill sets; relevant education or training; and other business and organizational needs. The salary range listed is for the level at which this job has been scoped. In the event that you are considered for a different level, a higher or lower pay range would apply. This position is also eligible for a comprehensive and generous benefits package.


Significance, Inc. is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, gender, color, age, sexual orientation, gender identification, national origin, religion, marital status, ancestry, disability, protected veteran status, or any other factor prohibited by applicable law.

We are an E-Verify Employer

https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster.pdf

https://www.e-verify.gov/sites/default/files/everify/posters/IER_RighttoWorkPoster.pdf


#LI-MH1

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What You Should Know About Budget Analyst, Significance, Inc.

Are you ready to take your career to the next level as a Budget Analyst with Significance, a dynamic woman-owned consulting firm located in Washington, DC? Known for our focus on culture and our commitment to building trusted relationships within teams and with clients, we are proud to be recognized by the Washington Business Journal as a Best Place to Work for six consecutive years. In this role, you will support the Appalachian Regional Commission, an essential component of federal economic development, focusing on strengthening community capacity across the Appalachian Region. Your responsibilities will include tracking both appropriated and non-appropriated funds, maintaining accurate records of fund allocations, and preparing key budget execution reports. You will also provide critical budget-related data to managers and support the overall financial integrity of our operations. With a hybrid work model, you’ll enjoy two days onsite and flexible work-from-home options. If you have at least three years of federal budget or accounting experience, a Bachelor's degree in a related field, and an active Public Trust clearance, this role is perfect for you. Plus, you’ll bring your knowledge of federal budget accounting and audit requirements to our team, ensuring financial effectiveness and compliance. Join us at Significance, where your expertise will make a difference and where we encourage a culture of collaboration and fun!

Frequently Asked Questions (FAQs) for Budget Analyst Role at Significance, Inc.
What are the primary responsibilities of a Budget Analyst at Significance?

As a Budget Analyst at Significance, your primary responsibilities will include tracking both appropriated and non-appropriated funds, maintaining meticulous records for program allocations, and preparing budget execution reports. You will work closely with managers to provide essential budget data and support the financial functions of the Appalachian Regional Commission's mission.

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What qualifications are required to apply for the Budget Analyst position at Significance?

To qualify for the Budget Analyst position at Significance, candidates should possess a Bachelor’s degree in a related field and at least three years of relevant federal budget or accounting experience. Additionally, applicants must have an active Public Trust clearance and a solid understanding of federal budget processes and accounting systems.

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Is prior experience in federal accounting necessary for the Budget Analyst role at Significance?

Yes, prior experience in federal accounting is essential for the Budget Analyst role at Significance. A solid background in federal budget accounting, knowledge of federal audit requirements, and familiarity with OMB circulars will enable you to perform the job duties effectively and ensure compliance.

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What additional skills are beneficial for a Budget Analyst at Significance?

In addition to the required qualifications, skills such as proficiency in automated accounting systems, advanced Excel capabilities, and strong analytical abilities are highly beneficial for a Budget Analyst at Significance. Familiarity with regulations from agencies like USDA and GAO can also enhance your effectiveness in this role.

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What is the work environment like for a Budget Analyst at Significance?

The work environment for a Budget Analyst at Significance is collaborative and flexible. We promote a hybrid work model, allowing you to work from home part of the week. Our culture emphasizes building strong relationships and creating enjoyable work experiences, making it a fulfilling place to grow your career.

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Common Interview Questions for Budget Analyst
Can you describe your experience with federal budget accounting as a Budget Analyst?

When answering this question, share specific examples from your past roles that highlight your familiarity with federal budgeting, including any knowledge you have of relevant regulations. Discuss any specific systems you've worked with and how they contributed to your understanding of effective budget management.

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How do you ensure accuracy when tracking financial data and allocations?

To address this question, emphasize the methods you use for data verification, such as cross-referencing reports, performing reconciliations, and using automated tools. Discuss your attention to detail and the importance of providing accurate budget-related information to stakeholders.

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What techniques do you use to analyze financial data for reports?

Explain the various techniques you employ when analyzing financial data, such as the use of spreadsheets, financial modeling, and qualitative assessments. Make sure to mention any software tools you are proficient in that facilitate data analysis and reporting.

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How do you stay updated with the latest federal budget regulations?

You can mention how you subscribe to newsletters, attend seminars, or participate in professional networks focused on federal budgeting. Also, discuss any certifications or courses you have completed that keep you informed of the evolving regulations and best practices.

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Can you provide an example of a challenge you faced in a budget analysis role and how you overcame it?

When sharing your experience, pick a specific challenge, such as a tight deadline or compliance issue. Explain the situation, the steps you took to address the challenge, and the outcome. This illustrates your problem-solving skills and your ability to handle pressure.

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What role does communication play in your job as a Budget Analyst?

Discuss the critical importance of communication in your role, especially in relation to conveying budgetary information to non-financial stakeholders. Provide examples of how clear communication has helped you foster collaboration and achieve project goals.

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How do you prioritize your tasks when managing multiple budgets?

Share your approach to prioritization, such as using lists, setting deadlines, and assessing which tasks are time-sensitive or have the greatest impact. Highlight your organizational skills and any systems you use to keep track of your responsibilities.

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What tools or software do you find most effective for budget management?

Here, discuss specific software tools you have used, such as Adobe Acrobat, QuickBooks, or specialized federal budget management systems. Explain how these tools enhance your efficiency and accuracy in budget tasks.

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How do you handle discrepancies or conflicts in budget reports?

Discuss your strategy for managing discrepancies. Highlight the importance of a thorough review process, collaborating with relevant team members, and the steps you take to rectify any inaccuracies found in the reports.

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What motivates you to work as a Budget Analyst at Significance?

Reflect on your passion for financial analysis and helping organizations make informed budgetary decisions. Link your values to Significance’s mission and culture, discussing how you see your role contributing positively to that environment.

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Full-time, hybrid
DATE POSTED
February 18, 2025

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