Budget Analyst

Budget Analyst Duties

As a Budget Analyst at the GS-0560-13 some of your typical work assignments may include:

• Serves as the subject matter expert for developing WMA component financial plans, budgets, and Future Years Defense Program (FYDP) requirements. Formulates and revises Operations and Maintenance (O&M) and Other Procurement (OP) budget estimates, provides technical guidance, and submits supporting justifications and recommendations to the OCFO Budget Formulation Division Chief.
• Monitors commitments, obligations, and expenditures to maintain funds control and prevent overcommitment. Analyzes monthly execution against annual spending plans, submits spending plans through reporting systems such as ADVANA, and recommends funding priorities and reprogramming actions to address resource imbalances.
• Monitors civilian pay expenditures, develops cost projections and quarterly funding allocations, and advises the Chief Financial Officer on the status of funds. Coordinates with human capital personnel to resolve civilian pay discrepancies and assess the impact of personnel costs on funding requirements.
• Reconciles and verifies monthly and year-end financial reports, resolves current and prior year accounting discrepancies, and coordinates with DFAS and DLA on financial transactions and system issues. Provides financial system guidance, user support, and training to improve the accuracy of budget formulation, execution, and reporting.
• Serves as the alternate Risk Management Internal Control (RMIC) Program point of contact, establishing risk assessment processes and evaluating financial internal controls over operations, reporting, and compliance. Develops financial procedures and control test plans, documents material weaknesses and deficiencies, develops and validates Corrective Action Plans (CAPs), and responds to audit requests.