Senior Budget Analyst

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Senior Budget Analyst

Salary

$69,804.80 Annually

Location

City County Building, IN

Job Type

Full Time

Job Number

08329

Department

Office of Finance and Management

Opening Date

04/10/2024

Closing Date

7/9/2024 11:59 PM Eastern

Position Summary

The purpose and mission of the Office of Financial Management is to be responsive to the priorities and needs of the citizens of Indianapolis and Marion County, to ensure financial stability and operational health; through strategic and accurate budgeting, timely financial reporting, best in class procurement and promoting a culture within our enterprise that empowers professional development and transformative leadership. The agency is able to do this by cultivating a productive, collaborative, and compliant work environment in order for our workforce to meet the needs of the constituents of Indianapolis and Marion County. 
Position will manage a wide range of financial and budgetary matters on behalf of City-County agencies. The position holder works within the City’s Office of Finance and Management, which serves as the central finance department for the City-County government, performing a variety of complex budgetary and financial services for city and county agencies and officials. The senior budget analyst will research, analyze, consolidate, and present financial data to the Budget Manager and Deputy Controller to support fiscal policy decision making. The position will communicate fiscal policy to agency leadership and respond to general requests related to budget management. Ability to use independent judgment when there are no policies or procedures in place. Must have the ability to apply common sense understanding and deal with problems involving multiple variables in a variety of situations. Position reports to Budget Manager. 
 All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status. We value diversity in perspectives and experiences among colleagues and the residents of this city of whom we serve. 

Position Responsibilities

•    Serves as a liaison between the central finance office and agency leadership on financial matters ranging from budget development, capital planning, funding options for projects and programs, and feasibility studies
•    Collaborate with stakeholders both internal and external to the City, respond to inquiries, provide specialized and complex information and assistance regarding specific budgetary transaction, and work with finance staff to resolve budgetary issues and guide budgetary decision making
•    Responsible for intermediate financial analysis that results in recommendations to the Budget Manager for presentation to the Controller and Deputy Controller
•    Assist in the preparation of the annual budget for assigned agency and departments, working with management to plan and identify business and capital needs, forecast expenditures, determine funding for projects and programs, conduct feasibility studies, and represent OFM at budget hearings
•    Manage and oversee the budget for their assigned agency or department
•    Monitors and tracks financial transactions, maintaining financial systems, reconciling financial discrepancies, preparing decision packages
•    Manages and oversees contracts, which includes reviewing contractor requirements, terms, and rates to ensure compliance with fiscal rules and policies
•    Approves and allocates funds with budget accounts to pay for contractor goods and services
•    Assist the budget manager on reporting requirements pursuant to State code and the Department of Local Government Finance
•    Tracks and forecast tax distributions and allocations, performing fiscal analysis of legislative proposals at the local and state level, and managing fund proformas for major City/County funds
•    Provides advice to client agencies with regards to financial strategy and budget management
•    Serve as a resource to new team members and providing training on basic budget analyst responsibilities at the request of the Budget Manager
•    Analyzing agency/departmental personnel spending trends and budgetary impact of personnel changes
•    Establishing and expanding a working knowledge of the City/County budget process, the accounting system, and the chart of accounts
•    Establishing and expanding a familiarity with State fiscal policy and administrative changes impacting local government finance
•    Must maintain confidentiality at all times
•    This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities that management may deem necessary from time to time

Qualifications

Minimum Job Requirements and Qualifications 
Bachelor’s Degree in public policy, Finance, Business, Economics or related field or four years’ experience in government budgeting. Proficiency in financial analysis tools, including Excel, and familiarity with financial systems. Four years’ experience in financial management with budgeting experience, OR two years’ experience as a budget analyst.   
Preferred Job Requirements and Qualifications 
Master’s Degree in Public Policy, Finance, Business, Economics, or related field. Five or more years’ experience as a finance professional. Prior professional experience in government employment with a preference toward local government. Familiarity with database tools such as PeopleSoft Finance or other ERP accounting systems. 

All rates are bi-weekly.

2023 Rate Sheet - To view our rate sheet, please copy and paste this link into your web browser: https://media.graphassets.com/fXBSN1Q7SQu0d2T9mmrA

Life Insurance Employee Only (rates per $1,000 per month):

Basic: Employer Paid

Optional Life Insurance Employee Only (rates per $1,000 per month)

Additional:

<25-29 $0.053

30-34 $0.075

35-39 $0.090

40-44 $0.120

45-49 $0.203

50-54 $0.330

55-59 $0.545

60-64 $0.723

65-69 $1.208

70 + $1.867

IMPORTANT PERF UPDATE:

*For more information on eligibility options, refer to Proposal 21-288 https://bit.ly/3exq8yR

1. All employees hired/rehired after 1/1/2022 have a choice to select the PERF Hybrid plan (3% + Pension) or the INPRS My Choice: Retirement Savings plan (3% + 1% Contribution). The Hybrid plan consists of two components:

Annuity Savings Account (ASA) -This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You're always vested in your ASA portion - it's always yours.

Pension - The pension portion of the retirement benefit is funded by contributions made by the employer over the course of the employee's career and separate from the annuity savings account. Employees enrolled in the PERF Hybrid plan are eligible for retirement benefits at age sixty-five (65) if they have ten (10) or more years of creditable service. After June 30, 1995, employees may retire at age sixty (60) with at least fifteen (15) years of credible service or if the member's age in years plus the years of credible service equals at least 85 and the member is at least fifty-five (55) years of age. With fifteen (15) or more years of creditable service, the employee may retire as early as age fifty (50) with a reduced pension.

2. Employees hired/rehired by the City and County between 1/1/2017 and 12/31/2021 will be automatically enrolled in the PERF My Choice: Retirement Savings plan. This plan is an annuity savings account (ASA) only plan and does not have a pension component. Any service that an employee has in the My Choice: Retirement Savings Plan will not count toward the service time requirements for pension eligibility in the Hybrid Plan.

With the PERF My Choice: Retirement Savings Plan, the ASA is split up into two parts:

Part one - This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You're always vested in your ASA portion - it's always yours.

Part two - This consists of an additional variable rate contribution paid by the City toward your ASA. This variable rate contribution is currently 1% of your gross wages. Vesting in the value of the variable rate employer contribution will vary by length of participation. You are:

• 20 percent vested after 1 full year of participation

• 40 percent vested after 2 full years of participation

• 60 percent vested after 3 full years of participation

• 80 percent vested after 4 full years of participation

• 100 percent vested after 5 full years of participation

3. All employees hired/rehired prior to 1/1/2017 are grandfathered into PERF Hybrid plan. The Hybrid plan consists of two components:

Annuity Savings Account (ASA) -This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You're always vested in your ASA portion - it's always yours.

Pension - The pension portion of the retirement benefit is funded by contributions made by the employer over the course of the employee's career and separate from the annuity savings account. Employees enrolled in the PERF Hybrid plan are eligible for retirement benefits at age sixty-five (65) if they have ten (10) or more years of creditable service. After June 30, 1995, employees may retire at age sixty (60) with at least fifteen (15) years of credible service or if the member's age in years plus the years of credible service equals at least 85 and the member is at least fifty-five (55) years of age. With fifteen (15) or more years of creditable service, the employee may retire as early as age fifty (50) with a reduced pension.

4. City Employees hired/rehired between 1/1/2017 and 12/31/21 that are members of the City AFSCME labor union can choose to enroll in either the PERF My Choice: Retirement Savings plan or the PERF Hybrid plan. Both plans are described above. Employees have 60 days to choose which option they want, and by state law this cannot be changed. If no choice is made, the employee will then be automatically added to the PERF My Choice: Retirement Savings plan.

The Indiana General Assembly has enacted a provision that allows public employees to make voluntary contributions in addition to the mandatory three percent (3%) contributions. Employees may contribute up to an additional ten- percent (10%) of their compensation per pay period to the annuity savings account. This means that the maximum level of contributions to the annuity savings account under this new provision is thirteen percent (13%) of an employee's compensation per pay period.

Employees who separate from the city within their first ten (10) years of employment need to contact INPRS - PERF regarding their ASA account.

Questions relating to PERF may be directed to INPRS - PERF at:

Indiana Public Retirement System

Public Employees' Retirement Fund

One North Capitol, Suite 001

Indianapolis, Indiana 46204

(888) 236-3544

01
Do you have a Bachelor's degree in Accounting, Finance, Business, Economics, or a related field?
  • Yes
  • No

Required Question

Agency
City of Indianapolis and Marion County
Address
200 E. Washington Street
CCB 1501
Indianapolis, Indiana, 46204
Phone
317-327-5211