Budget & Policy Analyst IV - Denver

Budget & Policy Analyst IV

The Budget & Policy Analyst IV works in the Colorado Department of Transportation's (CDOT's) Office of Financial Management and Budget (OFMB) within the Division of Accounting and Finance (DAF). OFMB is responsible for the overall financial management of CDOT. OFMB forecasts revenue and cash balances; develops and manages the budget for all CDOT organizations, programs and Federal-aid projects; analyzes pending legislation for potential fiscal impacts;

develops and submits the legislative budget; helps manage the debt of CDOT and the Enterprises; manages spending authority in the Colorado Operations Resource Engine (CORE); manages the CO State Infrastructure Bank (SIB) Program; provides ad hoc financial analysis and develops the CDOT budgetary forms and procedures. Information developed by OFMB is utilized by the Executive Management Team (EMT), the Transportation Commission (TC), the Governor's Office, the Office of State Planning and Budgeting (OSPB), the Joint Budget Committee (JBC), the Legislative Council, legislative committees, the Federal Highway Administration (FHWA), the Federal Transit Administration (FTA), Local governments, and the general public.

The Budget & Policy Analyst IV serves as a Subject Matter Expert/Staff Authority for CDOT's transportation revenue program and provides advanced financial and fiscal analysis to support Department decision-making. The position is responsible for developing, maintaining, and improving the Department's short- and long-term revenue forecasting models, including the annual revenue forecast and monthly cash model, and for analyzing revenue trends, assumptions, and forecast changes.

The position develops financial models and scenario analyses to evaluate the fiscal and policy implications of proposed changes to transportation funding, fees, taxes, and other revenue sources and provides analysis and recommendations to Executive Management and other stakeholders.

The position also provides detailed revenue reporting and analysis, including monitoring and reconciling actual revenues to forecasts, evaluating variances, and communicating the financial implications of changes in revenue. During the legislative session, the position performs fiscal analysis of proposed legislation, develops and reviews fiscal note responses, and evaluates potential revenue, expenditure, workload, and other financial impacts to the Department. The position also provides technical support for the development and review of the Department's annual and legislative budget submissions, including analysis of budget requests, revenue assumptions, and other financial information.

Your duties and responsibilities will include, but are not limited to, the following:

• Serve as Subject Matter Expert/Staff Authority on revenue forecasting.
• Develop, maintain, and continuously improve the Department's revenue forecasting models, including the annual revenue forecast, monthly cash model, and long-range revenue models.
• Independently evaluate and update forecast assumptions, methodologies, and model inputs.
• Analyze changes in economic conditions, legislation, and other factors affecting transportation revenues and determine the appropriate modeling approach to produce accurate and reliable revenue forecasts.
• Coordinate with CDOT programs, OFMB staff, and other internal and external stakeholders to gather and validate revenue data and develop forecast assumptions.
• Analyze actual revenues against forecast, reconcile revenue, identify and explain variances and prepare revenue reports and other financial information for Executive leadership, the Transportation Commission, OSPB, JBC, legislative staff, and other stakeholders.
• Independently develop financial models…