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Budget and Management Analyst

OverviewThe Budget & Management Analyst is the entry level position in the Department of Finance and Management's Budget and Management Operations Division. Working as part of a dynamic team staff located in Montpelier, this position serves as the Department of Finance and Management's liaison with assigned departments and/or agencies of State government. The Budget and Management Division's major responsibility is to prepare, monitor and amend the Governor's Recommended Budget each fiscal year. The Analyst position plays a lead role in reviewing and finalizing the Administration's recommended annual budgets for assigned departments, and closely follows legislative proceedings concerning assigned departments and related subject matters.The Senior Budget & Management Analyst is a more experienced position with the Department of Finance and Management Budget and Management Operations Division. This position is expected to have a more in-depth knowledge of state financial laws, policies, internal controls and best practices as well as federal financial regulations and generally accepted accounting principles. These positions are routinely engaged in more complex financial and policy analyses and serve as subject matter experts for their assigned policy portfolio.The ideal Analyst candidate combines robust competence in financial and policy analysis with the desire to work collaboratively in a small team setting and the ability to interact professionally and communicate effectively with business office managers, appointed senior leaders, elected officials, and legislators. The Budget & Management Analyst position is well suited for someone with personal interest in public finance, public policy and the political process, and who wants their work to help make our government operate more efficiently and effectively.Who May ApplyThis position, Budget and Management Analyst (Job Requisition #51746), is open to all State employees and external applicants.Please Note: This position is being recruited at multiple levels. If you would like to be considered for more than one level, you MUST apply to the specific Job Requisition.Budget & Management Analyst: 51746Senior Budget & Management Analyst: 51763If you would like more information about this position, please contact Aaron.Brodeur@vermont.gov.Resumes will not be accepted via e-mail. You must apply online to be considered.Please note that multiple positions in the same work location may be filled from this job posting.Environmental FactorsDuties are performed largely in a standard office setting. Private means of transportation should be available for required travel. The role involves intensive interaction with departmental officials who may advocate strongly for their programs. Required recommendations may be difficult because of competing interests and limited resources. Rapid response in the face of tight deadlines may be necessary. Evening and weekend duty may be anticipated.Minimum QualificationsBachelor’s degree AND two (2) years or more of professional level experience in accounting, budgeting, business administration, economics, finance, legal work, or public administration.ORFour (4) years or more of professional level experience in accounting, budgeting, business administration, economics, finance, legal work, or public administration.Preferred QualificationsMPA, MBA, JD, or other advanced degree.Experience in program planning and/or evaluation.Total CompensationAs a State employee you are offered a great career opportunity, but it's more than a paycheck. The State's total compensation package features an outstanding set of employee benefits that are worth about 30% of your total compensation, including:• 80% State paid medical premium and a dental plan at no cost for employees and their families• Work/Life balance: 11 paid holidays each year and a generous leave plan• State Paid Family and Medical Leave Insurance (FMLI)• Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan• Tuition Reimbursement• Flexible spending healthcare and childcare reimbursement accounts• Low cost group life insurance• Incentive-based Wellness Program• Qualified Employer for Public Service Student Loan Forgiveness ProgramWant the specifics? Explore the Benefits of State Employment on our website.Equal Opportunity EmployerThe State of Vermont celebrates diversity, and is committed to providing an environment of mutual respect and meaningful inclusion that represents a variety of backgrounds, perspectives, and skills. The State does not discriminate in employment on the basis of race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, membership in an employee organization, family medical history or genetic information, or family or parental status. The State’s employment decisions are merit-based. Retaliatory adverse employment actions by the State are forbidden.
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What You Should Know About Budget and Management Analyst, State of Vermont

Are you ready to take your first step into the world of public finance? The State of Vermont is looking for a driven and enthusiastic Budget and Management Analyst to join our dynamic team in Montpelier. As the Budget and Management Analyst, you'll play a key role in the Department of Finance and Management's Budget and Management Operations Division. Your primary focus will be to assist with the preparation, monitoring, and amendment of the Governor's Recommended Budget, ensuring it aligns with the fiscal needs of various state departments. This position is perfect for someone who thrives in a collaborative environment and enjoys working directly with government officials. It’s not just about numbers; you’ll be involved in analyzing financial data, rendering recommendations, and providing insight into legislative proceedings that affect state operations. With your Bachelor's degree and some experience in budgeting or finance, you'll have the opportunity to develop your skills and grow within a supportive environment. Besides working with a talented team, you’ll also receive an excellent benefits package that translates to about 30% of your total compensation! If you’re passionate about public service and want to contribute to making state operations more efficient and effective, this is the ideal position for you at the Vermont Department of Finance and Management.

Frequently Asked Questions (FAQs) for Budget and Management Analyst Role at State of Vermont
What are the main responsibilities of a Budget and Management Analyst at the Vermont Department of Finance and Management?

As a Budget and Management Analyst at the Vermont Department of Finance and Management, you will be responsible for assisting in the preparation and amendment of the Governor's Recommended Budget, monitoring budgetary frameworks, and facilitating communication between different departments. You’ll closely follow legislative proceedings related to your assigned departments and provide insightful analyses that support decision-making processes.

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What qualifications do I need to apply for the Budget and Management Analyst position in Montpelier, VT?

To apply for the Budget and Management Analyst position in Montpelier, VT, you need a Bachelor's degree along with two years of professional experience in fields such as accounting, budgeting, or public administration. Alternatively, four years of relevant experience will also be considered acceptable. Additionally, having an advanced degree such as an MPA or MBA is preferred for this role.

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Is previous experience required for the Budget and Management Analyst role at the State of Vermont?

While direct experience in budgeting or finance is beneficial, it is not strictly required for the Budget and Management Analyst position at the State of Vermont. However, having professional level experience in related areas, such as accounting or public administration will significantly enhance your application and prepare you for the responsibilities of the role.

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What does career progression look like for a Budget and Management Analyst at the Vermont Department of Finance and Management?

A Budget and Management Analyst can anticipate clear pathways for career progression within the Vermont Department of Finance and Management. Beginning as an analyst, you have the potential to advance to a Senior Budget and Management Analyst position by gaining experience and deepening your understanding of state financial regulations and policies, ultimately becoming a subject matter expert within your area.

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What are the benefits of working as a Budget and Management Analyst for the State of Vermont?

Working as a Budget and Management Analyst for the State of Vermont comes with a comprehensive benefits package that includes an 80% paid medical premium, a no-cost dental plan for employees and their families, generous leave, retirement savings options, tuition reimbursement, and opportunities for student loan forgiveness. All of these benefits contribute to an overall employment experience that prioritizes work-life balance and job satisfaction.

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Common Interview Questions for Budget and Management Analyst
Can you describe your experience with budget preparation?

When answering this question, be sure to highlight your relevant experiences related to budget preparation. Describe situations where you've successfully assisted in developing or managing budgets, focusing on your ability to analyze financial data and make strategic recommendations.

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How do you prioritize tasks when facing tight deadlines?

In your response, illustrate your time management skills. Emphasize techniques you use to prioritize tasks effectively, such as creating to-do lists, setting clear deadlines, and using project management tools. Provide an example of when you've juggled multiple priorities successfully.

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

Mention the financial software or tools you have used, such as Excel, QuickBooks, or budgeting software like Adaptive Insights. Discuss how you've leveraged these tools in your previous roles to enhance budgeting accuracy and efficiency.

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How would you handle stakeholder disagreements regarding budget allocations?

Discuss your approach to communication and negotiation. Emphasize your skills in facilitating discussions, finding common ground, and using data to support your recommendations. Illustrate this by sharing a past experience where you navigated such a situation.

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Can you provide an example of complex financial analysis you've performed?

Be prepared with a specific example of a financial analysis you conducted, detailing the objective, methodology, and results. This will demonstrate your ability to handle complex data and derive actionable insights.

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What interests you about working in public finance?

When addressing this question, reflect on your passion for public service and how public finance plays a critical role in state governance. Share your motivations for wanting to contribute to the efficiency of government operations while making a positive impact on the community.

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What steps do you take to ensure accuracy in your financial reports?

Your response should showcase your detail-oriented nature and systematic approach. Mention methods such as double-checking figures, cross-referencing data, and utilizing peer reviews, and provide an example when your diligence prevented an error.

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How do you keep up to date with changes in financial regulations?

Share your strategies for staying informed about changes in financial laws and policies, such as following industry publications, attending relevant workshops, or being a member of professional finance organizations.

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Describe a time when you provided valuable insights that improved a budgeting process.

Share a specific scenario where your analysis led to a better budgeting outcome. Detail the situation, the insights you provided, and the resulting benefits to the organization, showcasing your analytical skills and impact.

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What qualities do you think are essential for a Budget and Management Analyst?

Discuss key qualities such as analytical thinking, communication skills, and teamwork. Provide examples of how these traits have helped you succeed in past roles and why they are critical in a public finance setting.

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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
December 21, 2024

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