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NY
New York State Department of Financial Services
Senior Budgeting Analyst, SG-18
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What they do
A Budget Analyst develops the overall annual budget for a company or organization. Evaluates budget proposals, prepares information for government officials or company executives to inform funding decisions; monitors spending and analyzes differences between budget and actual spending. May evaluate programs or provide policy analysis.
$79,469 / year median in New York
+5% projected growth
Job Description
Senior Budgeting Analyst, SG-18 (Position may be filled at the trainee level)
Location:
One Commerce Plaza, Albany Business Unit:
Office of Financial Management Negotiating Unit:
Professional, Scientific and Technical (PEF) Please note that a change in negotiating unit may affect your salary, insurance and other benefits.Salary:
$53,764 (Trainee 1 Level SG-14) $59,994 (Trainee 2 Level SG-16) $66,951 - $85,138 (Journey Level SG-18)Appointment Status:
Permanent The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system. The Department of Financial Services is seeking candidates for the position of Senior Budgeting Analyst in the Office of Financial Management. Duties include, but are not limited to, the following:- Assists in the development of the DFS State Budget Request and implementing the enacted State Budget;
- Assists in agency cash and appropriations management;
- Monitors agency's non-personal service expenditures and assist with the creation of projections;
- Manages the suballocated funding for other state agencies;
- Conducts research and develops reports related to budgetary matters and agency operations as required;
- Monitors Department of Financial Services spending based on reports from the Statewide Financial System (SFS) and SFS Analytics;
- Assists with data collection for the Department's Annual Report and annual assessments;
- Assists with preparing annual reports required by the National Association of Insurance Commissioners (NAIC);
- Establishes and maintains effective working relationships with staff of the agency, the Division of the Budget, agencies that receive sub-allocated funding and other control agencies;
- Reviews requests for new contracts, extensions, or amendments, ensuring alignment with available resources and program needs;
- Ensures that Capital Projects budget estimates reflect agency priorities and any anticipated changes in programmatic or operational requirements;
- Monitors and track contract performance and spending throughout the fiscal year, ensuring that obligations are met and expenditures remain within budget;
- Oversees the preparation and analysis of Capital Projects spending budgets, including funding for modernization projects and equipment purchases;
- Reviews and approve expenditure requests related to Capital Projects costs, ensuring they are justified and comply with budget constraints;
- Investigates discrepancies between projected and actual expenditures, identify root causes, and recommend corrective actions to address any overages or underspending;
- Prepares preparation of detailed financial reports summarizing spending patterns, non-personal service budget forecasts, and any adjustments made to Capital Projects budgets;
- Works closely with procurement, program managers, and agency administrators to gather data on Capital Projects spending needs;
- Provides support for special budgetary requests related to non-personal services or Capital Projects expenditures, including temporary funding needs or adjustments for unforeseen expenses or changes in project scope;
- Assists in reviewing the fiscal impact of new policies, legislation, or project requirements on the agency's Capital Projects budgets; and
- Completes all other duties as assigned.