Budget Analyst

Budget AnalystThe 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 staffAchieve 100% on-time submission of annual and multi-year IT budget plans aligned with the customer and agency prioritiesSupport meaningful Capital Planning and Investment Control (CPIC) process through data-driven insights and strategic recommendationsCoordinate with agency and other federal staff on budget formulation and execution activitiesPrepare budget formulation materials typically starting between February and April annuallyDevelop GT&C (General Terms & Conditions) and 7600 A&Bs with historical volume of 8-6 in FY24, 3-2 in FY25, peaking in Q3-4Budget Execution & Financial Management:Perform comprehensive budget execution tracking and monitoring for $90M+ annual IT budgetMaintain up-to-date budget execution tracking with 100% monthly reporting compliance to ensure financial transparency and alignmentManage budget change management and SPCRs (including p-card transactions) with approximately 120 requests in FY24, 50 in FY25Process requisition and order submissions (120 in FY24, 47 in FY25) with peak activity in Q3-4Track and manage SSF (Shared Services Fund) invoice tracking and payments on monthly basis with peak periods February-SeptemberMaintain daily budget tracking through spend plan management and program office tap tracker spreadsheetsFinancial Analysis & Reporting:Prepare responses to budget information requests from leadership, agency leadership, and OMBRespond to 100% of budget inquiries within required timeframes, including ad-hoc requests and trade-off analysesEnsure 98% accuracy rate in budget data and reports submitted to the customer's Tech leadership, agency leadership, and OMBConduct spend plan reconciliation (30 times in FY24, twice monthly in FY25) with frequent activity April-JunePerform UDO (Unliquidated Obligations) tracking and reporting (4 times in FY24, 3 in FY25) on quarterly basisDevelop 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 adjustmentsProvide proactive insights to federal staff to ensure ability to act before risks become issuesSeek opportunities in budget/investment portfolios to achieve cost savings and benefits capitalizationAnalyze financial performance trends and provide recommendations for budget optimizationSupport 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 optimizationCPIC & Investment Management:Support CPIC processes including IT Dashboard submissions (7 in FY24, 8 in FY25) with peaks November-December and March-JulyPrepare semi-annual budget submissions (2 in FY24) typically in August-October and January-February periodsSupport Program Office AITPR (Agency IT Portfolio Review) reviews (11 of 11 in FY24, 10 of 11 in FY25) during September-December peak periodAssist with CIO Risk Rating Evaluations (1 in FY24, 1 in FY25) typically in March-April timeframeRespond to irregular data call requests from GAO, HHS, and OMB (4 in FY24, 2 in FY25) on ad-hoc basisStakeholder Coordination & Communication:Coordinate with leadership, agency budget staff, and OMB on budget-related mattersProvide financial briefings and presentations to senior leadership and oversight bodiesSupport acquisition lifecycle activities by providing budget and financial analysis for technology procurementsCollaborate with program offices on budget planning and execution activitiesMaintain program office tap tracker spreadsheets and individual program office workbooksCompliance & Documentation:Ensure all budget activities comply with federal financial management regulations and OMB guidanceMaintain comprehensive documentation of budget decisions, changes, and approvalsSupport audit activities and provide documentation for financial reviewsTrack mobile device expenses and maintain associated financial recordsEnsure proper financial controls and accountability for IT investmentsRequired Professional Skills:Federal Budget Management: Minimum 5+ years of experience in federal budget formulation, execution, and financial managementIT Investment Analysis: Understanding of IT budget planning, CPIC processes, and technology investment evaluationFinancial Analysis: Advanced skills in financial analysis, budget modeling, and cost-benefit analysis for large-scale IT investmentsOMB Processes: Knowledge of OMB budget processes, data calls, and federal financial reporting requirementsData Analysis: Proficiency in analyzing financial data, creating reports, and developing executive-level briefing materialsFederal Regulations: Understanding of federal financial management regulations, appropriations law, and budget execution requirementsStakeholder Management: Experience coordinating with senior leadership, agency staff, and external oversight bodiesExcel/Analytics: Advanced proficiency in Microsoft Excel, financial modeling, and data analysis toolsCommunication Skills: Excellent written and verbal communication skills for preparing reports and briefing senior officialsAttention to Detail: High level of accuracy in financial analysis and reporting with ability to meet strict deadlinesProject Coordination: Experience coordinating budget activities across multiple organizational units and stakeholdersPreferred Professional Skills:Certifications: CPA, CFA, or federal financial management certificationsFederal Experience: Previous experience with the customer, HHS, or similar federal agencies managing large IT budgetsCPIC Expertise: Advanced knowledge of Capital Planning and Investment Control processes and IT portfolio managementBudget Systems: Experience with federal budget systems, financial management systems, and reporting toolsAcquisition Support: Knowledge of federal acquisition processes and budget support for procurement activitiesAdvanced Analytics: Experience with advanced financial modeling, forecasting, and predictive analyticsPowerBI/Tableau: Proficiency in business intelligence tools for financial reporting and dashboard developmentChange Management: Experience supporting budget processes during organizational transformations and restructuringAdvanced Degree: Master's degree in Finance, Accounting, Public Administration, or related fieldDynanet Team Requirements and Expectations:Possess Strong written and verbal communication skills.