City of Princeton, Texas
Senior Budget Analyst
City of Princeton, Texas, Princeton, Texas, United States, 75407
Salary :
$65,000.00 - $93,598.00 Annually
Location :
Princeton, TX
Job Type:
Full-Time
Job Number:
202400040
Department:
Finance Department
Opening Date:
10/01/2024
Description
Under the general supervision of the Director of Finance, the Senior Budget Analyst is responsible for overseeing the development, publication, implementation, and monitoring of the City's budget. This position is responsible for conducting complex financial analysis, forecasting, and preparing budget reports to support informed decision-making by city leadership. The Senior Budget Analyst provides guidance and recommendations on financial planning, policy formulation, and the allocation of resources. This position also coordinates with City departments for preparation of post-award administration of City grants.Essential Functions
Lead the preparation, development and publication of the City's annual operating and capital budgets, ensuring alignment with strategic goals and objectives.Collaborate with department heads and senior management to develop, review, and analyze budget proposals and requests.Monitor budget performance throughout the fiscal year, identifying variances and providing timely recommendations for corrective actions.Conduct detailed financial analyses, including revenue and expenditure forecasting, trend analysis, and cost-benefit assessments.Prepare multi-year financial forecasts to support long-term planning and sustainability.Analyze the financial impact of policy changes, new initiatives, and capital improvement projects.Prepare comprehensive budget reports, presentations, and summaries for City Council, City Manager, and department heads.Present findings and recommendations to various stakeholders, including City Council, committees, and community groups.Ensure compliance with all local, state, and federal financial reporting requirements.Serve as a financial advisor to department heads and other stakeholders on budgetary matters and resource allocation.Provide training and support to departments on budget preparation, monitoring, and compliance.Participates on the City's Investment Committee by monitoring cash and investments, making subsequent recommendations.Initiates investment trades.Records the final adopted budget into Incode.Compiles budget documents for GFOA award submission.Researches and discusses with departments potential grant funding; types of grants available for department needs; and prepares budget information for funding and any City match requirements.Assist with annual audit.Assist with transparency on City's website.Assists Purchasing Agent in solving any issues that may arise during the procurement process.Ensure that the grant proposals are in accordance with grant agency requirements.Monitors and coordinates the post-award grants to ensure that budgeting and administering policies, procedures, and agency requirements are being followed; Communicates with funding agency regarding any questions, filings, reporting, or other issues that may arise during the grant period.Performs other duties as assigned or needed.Attendance; regular and timely attendance during assigned work hours. After hours and weekend work required as necessary.Deadlines; ability to set and meet appropriate deadlines. Timely follow-up and follow-through with staff and others. Effectively multi-task and work under time pressure and deadlines.Communications & Record Keeping; ability to read, comprehend and effectively communicate, both verbally and in writing, in English. Communicate effectively and professionally with staff, volunteers, council and others. Ability to maintain and retain all records and follow the City's record retention policy.Customer Service; must be professional, respectful, helpful, and polite to staff, volunteers, council members, and others at all times. All work must be performed in a timely and satisfactory manner.Policies & Procedures; perform duties in accordance with City policies, procedures, standards, and comply with local, state, and federal law.Safety; follow safety policies and rules.Stay Current; keep up with trends and changes.Confidential Information; safeguard confidential information and disclose only to those in "need to know".Teamwork; work effectively with others as part of team to ensure efficient operations and enhanced productivity.Qualifications
Bachelor's degree in Finance, Accounting, Public Administration, Economics, or a related field along with a minimum of two (2) years of progressively responsible experience in budget analysis, financial management, or a related field, preferably in a governmental or public sector setting. Must possess a valid State of Texas Driver's License, Have and maintain a professional, inviting, and friendly demeanor. Ability to pass a background check, and pre-employment drug screening.Supplemental Information
Necessary Knowledge, Skills and Abilities
Strong analytical, problem-solving, and decision-making skills.Advanced knowledge of budgeting principles, financial analysis, and forecasting techniques.Excellent written and verbal communication skills, with the ability to present complex financial information clearly and concisely.Proficiency in financial management software, Microsoft Excel, and other related tools.Strong organizational skills, with the ability to manage multiple projects and deadlines.Ability to work collaboratively with a diverse range of stakeholders, including department heads, elected officials, and community members.Knowledge of City policies and proceduresAbility to develop and maintain positive and effective working relationships with vendors, managers, employees, and other agencies.Able to handle tasks with minimal supervision and direction.Ability to balance a variety of duties, prioritize, and meet deadlines.Ability to understand and carry out instruction and procedures with minimal supervision.Requires the ability to perform addition, subtraction, multiplication, and division; ability to calculate decimals and percentages; ability to utilize principles of fractions; ability to interpret graphs.May require attendance at City Council meetings, budget workshops, and other public forums.Key Performance IndicatorsAccurate and timely preparation of the City's annual budget.Effective variance analysis and proactive recommendations to address budget discrepancies.Development of clear and actionable financial reports for City leadership.Implementation of process improvements in budget preparation and financial management.Positive feedback from stakeholders regarding advisory support and communication.Develop and maintain grant/project files per guidelines specified by funding source and for annual audit.InsuranceTexas Municipal League Intergovernmental Employee Benefits Pool (TML IEBP)
Health and DentalVision (AVESIS)Life insurance through The Standard ($15,000)Short-term disability insurance (Standard Insurance)Workers' compensation (TML)RetirementTexas Municipal Retirement System (TMRS)All Regular Full-Time EmployeesTime Off
The City of Princeton provides:
15 Paid HolidaysBereavementExtended LeaveSick TimeVacationLongevity Pay$5 per month for each entire month employed after 1-year service
To learn more details, visit our
$65,000.00 - $93,598.00 Annually
Location :
Princeton, TX
Job Type:
Full-Time
Job Number:
202400040
Department:
Finance Department
Opening Date:
10/01/2024
Description
Under the general supervision of the Director of Finance, the Senior Budget Analyst is responsible for overseeing the development, publication, implementation, and monitoring of the City's budget. This position is responsible for conducting complex financial analysis, forecasting, and preparing budget reports to support informed decision-making by city leadership. The Senior Budget Analyst provides guidance and recommendations on financial planning, policy formulation, and the allocation of resources. This position also coordinates with City departments for preparation of post-award administration of City grants.Essential Functions
Lead the preparation, development and publication of the City's annual operating and capital budgets, ensuring alignment with strategic goals and objectives.Collaborate with department heads and senior management to develop, review, and analyze budget proposals and requests.Monitor budget performance throughout the fiscal year, identifying variances and providing timely recommendations for corrective actions.Conduct detailed financial analyses, including revenue and expenditure forecasting, trend analysis, and cost-benefit assessments.Prepare multi-year financial forecasts to support long-term planning and sustainability.Analyze the financial impact of policy changes, new initiatives, and capital improvement projects.Prepare comprehensive budget reports, presentations, and summaries for City Council, City Manager, and department heads.Present findings and recommendations to various stakeholders, including City Council, committees, and community groups.Ensure compliance with all local, state, and federal financial reporting requirements.Serve as a financial advisor to department heads and other stakeholders on budgetary matters and resource allocation.Provide training and support to departments on budget preparation, monitoring, and compliance.Participates on the City's Investment Committee by monitoring cash and investments, making subsequent recommendations.Initiates investment trades.Records the final adopted budget into Incode.Compiles budget documents for GFOA award submission.Researches and discusses with departments potential grant funding; types of grants available for department needs; and prepares budget information for funding and any City match requirements.Assist with annual audit.Assist with transparency on City's website.Assists Purchasing Agent in solving any issues that may arise during the procurement process.Ensure that the grant proposals are in accordance with grant agency requirements.Monitors and coordinates the post-award grants to ensure that budgeting and administering policies, procedures, and agency requirements are being followed; Communicates with funding agency regarding any questions, filings, reporting, or other issues that may arise during the grant period.Performs other duties as assigned or needed.Attendance; regular and timely attendance during assigned work hours. After hours and weekend work required as necessary.Deadlines; ability to set and meet appropriate deadlines. Timely follow-up and follow-through with staff and others. Effectively multi-task and work under time pressure and deadlines.Communications & Record Keeping; ability to read, comprehend and effectively communicate, both verbally and in writing, in English. Communicate effectively and professionally with staff, volunteers, council and others. Ability to maintain and retain all records and follow the City's record retention policy.Customer Service; must be professional, respectful, helpful, and polite to staff, volunteers, council members, and others at all times. All work must be performed in a timely and satisfactory manner.Policies & Procedures; perform duties in accordance with City policies, procedures, standards, and comply with local, state, and federal law.Safety; follow safety policies and rules.Stay Current; keep up with trends and changes.Confidential Information; safeguard confidential information and disclose only to those in "need to know".Teamwork; work effectively with others as part of team to ensure efficient operations and enhanced productivity.Qualifications
Bachelor's degree in Finance, Accounting, Public Administration, Economics, or a related field along with a minimum of two (2) years of progressively responsible experience in budget analysis, financial management, or a related field, preferably in a governmental or public sector setting. Must possess a valid State of Texas Driver's License, Have and maintain a professional, inviting, and friendly demeanor. Ability to pass a background check, and pre-employment drug screening.Supplemental Information
Necessary Knowledge, Skills and Abilities
Strong analytical, problem-solving, and decision-making skills.Advanced knowledge of budgeting principles, financial analysis, and forecasting techniques.Excellent written and verbal communication skills, with the ability to present complex financial information clearly and concisely.Proficiency in financial management software, Microsoft Excel, and other related tools.Strong organizational skills, with the ability to manage multiple projects and deadlines.Ability to work collaboratively with a diverse range of stakeholders, including department heads, elected officials, and community members.Knowledge of City policies and proceduresAbility to develop and maintain positive and effective working relationships with vendors, managers, employees, and other agencies.Able to handle tasks with minimal supervision and direction.Ability to balance a variety of duties, prioritize, and meet deadlines.Ability to understand and carry out instruction and procedures with minimal supervision.Requires the ability to perform addition, subtraction, multiplication, and division; ability to calculate decimals and percentages; ability to utilize principles of fractions; ability to interpret graphs.May require attendance at City Council meetings, budget workshops, and other public forums.Key Performance IndicatorsAccurate and timely preparation of the City's annual budget.Effective variance analysis and proactive recommendations to address budget discrepancies.Development of clear and actionable financial reports for City leadership.Implementation of process improvements in budget preparation and financial management.Positive feedback from stakeholders regarding advisory support and communication.Develop and maintain grant/project files per guidelines specified by funding source and for annual audit.InsuranceTexas Municipal League Intergovernmental Employee Benefits Pool (TML IEBP)
Health and DentalVision (AVESIS)Life insurance through The Standard ($15,000)Short-term disability insurance (Standard Insurance)Workers' compensation (TML)RetirementTexas Municipal Retirement System (TMRS)All Regular Full-Time EmployeesTime Off
The City of Princeton provides:
15 Paid HolidaysBereavementExtended LeaveSick TimeVacationLongevity Pay$5 per month for each entire month employed after 1-year service
To learn more details, visit our