Budget Analyst

Budget Analyst

The Budget Analyst is responsible for performing the customer's budget formulation and execution functions while providing comprehensive support throughout the budget approval process. This role manages the customer's annual IT budget of $90M+, preparing ad-hoc reports, business cases, and trade-off analyses in response to OMB inquiries. The analyst will support meaningful Capital Planning and Investment Control (CPIC) processes by leveraging data-driven insights to guide IT investment budgeting and deliver strategic, cost-saving, evidence-based recommendations that directly influence budget allocation adjustments. This position requires expertise in federal budgeting processes, financial analysis, and strategic planning to optimize IT investment management and ensure alignment with the customer's mission priorities.

Roles & Responsibilities:

• Develop and deliver annual budget formulation documents based on collaboration with the customers' leadership and agency budget staff
• Achieve 100% on-time submission of annual and multi-year IT budget plans aligned with the customer and agency priorities
• Support meaningful Capital Planning and Investment Control (CPIC) process through data-driven insights and strategic recommendations
• Coordinate with agency and other federal staff on budget formulation and execution activities
• Prepare budget formulation materials typically starting between February and April annually
• Develop GT&C (General Terms & Conditions) and 7600 A&Bs with historical volume of 8-6 in FY24, 3-2 in FY25, peaking in Q3-4

Budget Execution & Financial Management:

• Perform comprehensive budget execution tracking and monitoring for $90M+ annual IT budget
• Maintain up-to-date budget execution tracking with 100% monthly reporting compliance to ensure financial transparency and alignment
• Manage budget change management and SPCRs (including p-card transactions) with approximately 120 requests in FY24, 50 in FY25
• Process requisition and order submissions (120 in FY24, 47 in FY25) with peak activity in Q3-4
• Track and manage SSF (Shared Services Fund) invoice tracking and payments on monthly basis with peak periods February-September
• Maintain daily budget tracking through spend plan management and program office tap tracker spreadsheets

Financial Analysis & Reporting:

• Prepare responses to budget information requests from leadership, agency leadership, and OMB
• Respond to 100% of budget inquiries within required timeframes, including ad-hoc requests and trade-off analyses
• Ensure 98% accuracy rate in budget data and reports submitted to the customer's Tech leadership, agency leadership, and OMB
• Conduct spend plan reconciliation (30 times in FY24, twice monthly in FY25) with frequent activity April-June
• Perform UDO (Unliquidated Obligations) tracking and reporting (4 times in FY24, 3 in FY25) on quarterly basis
• Develop and maintain budget briefing materials for monthly CIO budget briefs and COR, working funds, and OLAB meetings (54 in FY24, 40 in FY25)

Data Analysis & Investment Optimization:

• Deliver strategic, cost-saving, evidence-based recommendations that directly influence budget allocation adjustments
• Provide proactive insights to federal staff to ensure ability to act before risks become issues
• Seek opportunities in budget/investment portfolios to achieve cost savings and benefits capitalization
• Analyze financial performance trends and provide recommendations for budget optimization
• Support data call responses including BDRs (Budget Data Requests), cyberspend reporting, and CPIC submissions (~25 in FY24, 25+ in FY25)
• Contribute to 10-15% improvement in budget planning efficiency through cross-functional coordination and process optimization

CPIC & Investment Management:

• Support CPIC processes including IT Dashboard submissions (7 in FY24, 8 in FY25) with peaks November-December and March-July
• Prepare semi-annual budget submissions (2 in FY24) typically in August-October and January-February periods
• Support Program Office AITPR (Agency IT Portfolio Review) reviews (11 of 11 in FY24, 10 of 11 in FY25) during September-December peak period
• Assist with CIO Risk Rating Evaluations (1 in FY24, 1 in FY25) typically in March-April timeframe
• Respond to irregular data call requests from GAO, HHS, and OMB (4 in FY24, 2 in FY25) on ad-hoc basis

Stakeholder Coordination & Communication:

• Coordinate with leadership, agency budget staff, and OMB on budget-related matters
• Provide financial briefings and presentations to senior leadership and oversight bodies
• Support acquisition lifecycle activities by providing budget and financial analysis for technology procurements
• Collaborate with program offices on budget planning and execution activities
• Maintain program office tap tracker spreadsheets and individual program office workbooks

Compliance & Documentation:

• Ensure all budget activities comply with federal financial management regulations and OMB guidance
• Maintain comprehensive documentation of budget decisions, changes, and approvals
• Support audit activities and provide documentation for financial reviews
• Track mobile device expenses and maintain associated financial records
• Ensure proper financial controls and accountability for IT investments

Required Professional Skills:

• Federal Budget Management: Minimum 5+ years of experience in federal budget formulation, execution, and financial management
• IT Investment Analysis: Understanding of IT budget planning, CPIC processes, and technology investment evaluation
• Financial Analysis: Advanced skills in financial analysis, budget modeling, and cost-benefit analysis for large-scale IT investments
• OMB Processes: Knowledge of OMB budget processes, data calls, and federal financial reporting requirements
• Data Analysis: Proficiency in analyzing financial data, creating reports, and developing executive-level briefing materials
• Federal Regulations: Understanding of federal financial management regulations, appropriations law, and budget execution requirements
• Stakeholder Management: Experience coordinating with senior leadership, agency staff, and external oversight bodies
• Excel/Analytics: Advanced proficiency in Microsoft Excel, financial modeling, and data analysis tools
• Communication Skills: Excellent written and verbal communication skills for preparing reports and briefing senior officials
• Attention to Detail: High level of accuracy in financial analysis and reporting with ability to meet strict deadlines
• Project Coordination: Experience coordinating budget activities across multiple organizational units and stakeholders

Preferred Professional Skills:

• Certifications: CPA, CFA, or federal financial management certifications
• Federal Experience: Previous experience with the customer, HHS, or similar federal agencies managing large IT budgets
• CPIC Expertise: Advanced knowledge of Capital Planning and Investment Control processes and IT portfolio management
• Budget Systems: Experience with federal budget systems, financial management systems, and reporting tools
• Acquisition Support: Knowledge of federal acquisition processes and budget support for procurement activities
• Advanced Analytics: Experience with advanced financial modeling, forecasting, and predictive analytics
• PowerBI/Tableau: Proficiency in business intelligence tools for financial reporting and dashboard development
• Change Management: Experience supporting budget processes during organizational transformations and restructuring
• Advanced Degree: Master's degree in Finance, Accounting, Public Administration, or related field

Dynanet Team Requirements and Expectations:

• Possess Strong written and verbal communication skills.