Budget/Revenue Analyst
Indianapolis, IN, US, 46202
Work for Indiana
Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a diverse range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.
At the State of Indiana, we don’t just talk about diversity and inclusion—we make it our goal to create a welcoming, accessible, and equitable workplace with a workforce that is representative of Indiana's population. As a proud equal opportunity employer, reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role.
About the State Budget Agency (SBA):
The mission of the Indiana State Budget Agency is to achieve excellence in fiscal decision-making and fiscal results on behalf of the Governor and in support of the General Assembly. The State Budget Agency facilitates the processes of revenue forecasting, budget development, and budget implementation. The Budget Agency evaluates and communicates legislative proposals' fiscal and policy impacts to assure the best information available to decision-makers.
Role Overview:
The Budget Analyst is responsible for a broad range of budgetary functions involving the review and recommendation on a variety of written and verbal requests for state agencies, institutions, commissions, etc. Some agencies may require the ability to handle a variety of complex programs. Primary interactions are with co-workers, immediate supervisor, agency heads, financial managers, legislative staff, and budget directors. Thoughtful judgment is required in making rational and fiscally prudent decisions.
The workload is seasonal, requiring great time and effort when the legislature is in session. The work necessitates strong time management skills and the ability to effectively prioritize job responsibilities. The Budget Analyst may be required to provide written research and policy analysis to the Governor, Budget Director, OMB Director, and Legislative Caucuses.
Key outcomes for this role are:
- Assist assigned agencies in the preparation of biennial budget requests.
- Review and analyze agency submitted biennial budget requests based on Budget Agency policies.
- As requested, provide information on agency biennial budget requests to the Budget Committee.
- Prepare budget recommendations and provide them to the Budget Director.
- Prepare final budget recommendations as approved by the Budget Committee for the Budget Report and the introduced budget bill.
- As the budget passes through the legislature, keep precise records of the approved budget for each agency.
- Assist in the preparation of the “as passed” budget report.
Salary Statement:
The salary for this position traditionally starts at $67,314.00 but may be commensurate with education or work experience.
A Day in the Life:
The essential functions of this role are as follows:
- Cultivate and maintain collaborative working relationships with other state agency directors, deputy directors, financial and program staff to identify areas of need related to state/federal grants and financial assistance, develop resolutions, and build strategic plans on a regular basis to improve requests for funding and performance metrics (help agencies strategically apply funding to achieve outcomes).
- Field questions, provide guidance and resources, and respond to information requests from internal customers as well as other state agencies regarding assigned funds and grant projects.
- Research, develop, prepare, and analyze a variety of state/federal financial status reports as required in statute, related to assigned divisions, or as assigned by management.
- Collaborate with budget analysts and Division Directors in the review of state/federal assistance requested by agencies.
- Work with budget agency staff to resolve issues with grants in the application, management, and the reconciliation process.
- Conduct budget analysis and advise division leaders on fiscal matters regarding their operating, dedicated, and federal funds.
- Review and analyze agency submitted biennial budget requests based on Budget Agency policies.
- Prepare annual and biennial budget recommendations and provide them to the Budget Director.
- Throughout the year, monitor agency expenditures, review and approve appropriate fiscal transactions, and evaluate and make recommendations when agencies request deviations from approved budget plans.
- Prepare and research activities as they relate to state and federal funding within assigned divisions, ensuring compliance with all regulations and financial management circulars.
- Investigate and resolve budget errors related to state and federal funding, e-procurement, project costing, funding sources, and other financial transactions.
- Track bills through the legislative process and determine the fiscal and policy impact of new legislation.
The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time.
What You'll Need for Success:
- General knowledge of the budgetary process, the State’s accounting principles and procedures, and state/federal rules and regulations.
- Knowledge of state government structure, administrative procedures, and the legislative process.
- Analytical and quantitative skills applying knowledge of finance, accounting, statistics and economics.
- Broad knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.
- General knowledge of the budgetary process, the State’s accounting principles and procedures, and state/federal rules and regulations.
- Knowledge of state government structure, administrative procedures, and the legislative process.
- Analytical and quantitative skills applying knowledge of finance, accounting, statistics, and economics.
- Experience with analyzing fiscal trends, isolating, and understanding variances, projecting expenditures and revenues accurately, and adjusting budgets to address shortfalls and optimize fiscal resources.
- Introductory knowledge of agency missions, programs, and administrative policies.
- Adequate computer skills in Microsoft Office products (e.g. Excel, Word, Access). Additional experience with statistical products preferred.
Ability to solve complex financial problems.
Education:
The ideal candidate in this role should minimally have either
- a Bachelor’s Degree in Public Administration, Public Policy, Business Administration, Economics, Accounting, or a related field with 2+ experience, or
- at least 5+ years of experience applying the below, outlined knowledge, skills, and abilities in a similar role.
Related certifications and coursework may be considered for education or experience.
Supervisory Responsibilities/Direct Reports:
Benefits of Employment with the State of Indiana:
The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
- Three (3) medical plan options (including RX coverage) as well as vision and dental plans
- Wellness Rewards Program: Complete wellness activities to earn gift card rewards
- Health savings account, which includes bi-weekly state contribution
- Flexible work scheduling options, including the potential for hybrid remote work for employees whose work may be performed outside state facilities
- Deferred compensation 457B account (similar to 401k plan) with employer match
- Two (2) fully-funded pension plan options
- A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
- 150 hours of paid new parent leave
- Up to 15 hours of paid community service leave
- Combined 180 hours of paid vacation, personal, and sick leave time off
- 12 paid holidays, 14 on election years
- Education Reimbursement Program
- Group life insurance
- Referral Bonus program
- Employee assistance program that allows for covered behavioral health visits
- Qualified employer for the Public Service Loan Forgiveness Program
- Free Parking for most positions
- Free LinkedIn Learning access
Equal Employment Opportunity:
The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws.
If you are a qualified individual with a disability and require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at [email protected].
The State of Indiana has established a culture that welcomes equity, inclusion, and opportunity for all employees and applicants. We encourage you to apply if you feel you have the transferrable skills to be successful in this position and we look forward to reviewing your application.
Nearest Major Market: Indianapolis
