Senior Budgeting Analyst, SG

Duties Description

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 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.

• 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 under spending;
• 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.

List Appointment:
Candidates must be reachable on the Civil Service eligible list for 00-500010, 26-872010, and 40-081010.

Transfer:
Candidates must have one year of permanent competitive service in a title eligible for transfer via Sections 70.1 or 52.6 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website.

Please note that under Civil Service Law, an employee cannot have two consecutive upward 70.1 or 52.6 transfers without an intervening eligible list appointment if such transfers would exceed two salary grades.

55 b/c Appointment:
Candidates must meet the eligibility requirements of the Governor's Program to Hire Individuals and Veterans with Disabilities as described in Civil Service Law

• 55b/c. Information about this program can be found here: https://(Use the "Apply for this Job" box below)./

Minimum Qualifications:

Trainee 1:
Four years of experience in budget estimation, justification, and expenditure control functions. Trainee 2:
Five years of experience in budget estimation, justification, and expenditure control functions. Journey Level: Six years of experience in budget estimation, justification, and expenditure control functions. Substitutions:
Associate degree may substitute for two years of specialized experience; bachelor's degree may substitute for four years of…