Description:
The Business Financial Analyst will analyze current and proposed operations and processes of the organization and advise senior managers on financial matters pertaining to these issues for the LBG.
Budget Execution
- Analyzes appropriation legislation for impact on LBG operating programs.
- Distributes cost ceilings to program managers.
- Coordinates with program managers to determine that new funds are adequate to meet the needs for which the legislation was passed and to advise them on the reallocation of funds in light of any changes in requirements.
- Prepares and provides regular status of fund reports to program managers.
- Responds to inquiries from internal and external customers regarding ongoing budget execution and financial management operations.
- During budget formulation, obtains and validates input from program managers.
- Compiles supporting budget presentation information and materials.
- Reviews and evaluates the materials for compliance with AOC objectives and priorities.
- Plans and coordinates the presentation of annual and long-range budgets.
- Works closely with program managers to ensure coordination of the major budget phases during the current year’s budget execution and supports the budget formulation phase for the next two to five years.
- Serves as the LBG expert on budget guidelines.
- Coordinates with counterparts in other jurisdictions on the development of interpretative guidance for use by managers.
- Provides guidance and direction to other analysts for use in measuring operating program performance and effectiveness.
- Ensures review of a variety of historical data and comparison to current spending information and trends for a consolidated estimate covering the complex and diverse programs administered at the facility.
- Coordinates with program managers, supply management, accounting, and other officials who maintain accounting records to prevent over-obligation and implement internal controls.
- Reviews purchase orders, contracts, construction division project agreements, training, and travel to ensure the integrity and accuracy of accounting data.
- Utilizes various system reports to verify the propriety of the data and track spending interfacing with the financial system.
- Surveys problems and recommends or implements appropriate actions.
- Works with senior managers to respond to questions from the Budget Office regarding ongoing budget and financial management operations.
- Assists managers with development of proposed appropriations language supporting new and/or revised program and budgetary requirements.
Program Management and Studies
- Research and interpret financial Regulations, legislation, laws, and procedural guidelines to make recommendations in resolving complex financial issues.
- Develop or recommend financial management procedures and instructions concerning budget formulation, execution, and monitoring for use by managers.
- Performs a wide range of analytical, technical, and advisory functions related to the end-to-end budget processes that affect the accounting system and subsequent financial reporting.
- Conducts analysis and reconciliation of past and current year fiscal transactions to identify program strengths, trends, and deficiencies (i.e. undelivered obligations); addressing or making recommendations to correct deficiencies and capitalize on strengths.
- Collects and analyzes quantitative and qualitative data on project costs, work hours used, and supplies and equipment costs.
- Prepares reports and presentations on findings for use in measuring operating program performance and effectiveness.
- Manages sensitive material such payroll data to provide cost estimates to assist management in determining new staffing patterns based on workload forecasts and available funds.