Budget Analyst III (Operating)

Job Description:

Budget Analyst III (Operating)

Description

General

The Operating Budget Analyst III is a senior level Budget Analyst position that will report to the Manager, Budgets and is responsible for analyzing and preparing the operating budgets for two of the four agencies: the San Mateo County Transit District (SamTrans), the Peninsula Corridor Joint Powers Board (Caltrain), San Mateo County Express Lanes Joint Powers Authority (ELJPA), and the San Mateo County Transportation Authority (TA).

Essential Functions & Duties

Examples of Essential Functions:

• Develop, compile, review and analyze the operating budgets, both annual and biennial to include budget amendment process.
• Conduct financial analysis including but not limited to; variance analysis, year-over-year budget changes, trend analysis, and budget assumptions.
• Review cost center manager budget requests for the Agencies’ operating programs, support in ongoing analysis and monitoring of approved requests and reaching out to Cost Center Managers as appropriate.
• Liaise with internal and external stakeholders to support budget development, financial analysis, and other general financial support as needed.
• Prepare the monthly financial statement presented to the Board of Directors.
• Prepare the annual budget books based on the Government Finance Officer Associations’ (GFOA) standards and best practices.
• Prepare financial reports and budget presentations for Citizen’s Advisory Committees and Boards of Directors approval.
• Prepare the funding application to Metropolitan Transportation Commission (MTC) for State Transit Assistance and Transportation Development Act funds.
• Preparation of the Indirect Cost Allocation (ICAP) calculation in accordance with Office of Management and Budget (OMB) Circular A-87 and ASMB C-10.
• Preparation and filing of Indirect Cost Allocation Plan/Indirect Cost Rate Proposal (ICAP/ICRP) application with FTA and Caltrans
• Supervise staff. Hire, mentor and take appropriate corrective and/or disciplinary action. Ensure EEO policies and procedures are followed. Participate in the selection of staff. Coordinate staff training and professional development. Establish performance objectives. Monitor and evaluate employee performance.

Examples of Essential Duties:

• Analyzes financial and budget data analyzing trends and verifies data for accuracy.
• Monitor the performance of actualized expenses versus the adopted operating budget and provide meaningful insights into variances in addition to any other ad-hoc analysis.
• Process budget transfer requests.
• Identify relevant data sources and support in obtaining requisite datasets to support in ad-hoc analysis as requested.
• Assist with training for Cost Center Managers for budget process as needed.
• Perform all job duties and responsibilities in a safe manner to protect oneself, fellow employees and the public from injury or harm. Promote safety awareness and follow safety procedures to reduce or eliminate accidents.
• Performs other duties as assigned.
• Seeks out information in support of job functions from peers, internal, and external resources.

Supervision:Works under the general supervision of the Manager, Budgets who establishes goals and objectives and evaluates performance.

Minimum Qualifications

Sufficient education, training and experience to demonstrate the knowledge and ability to successfully perform the essential functions of the position. Development of the required knowledge and abilities is typically obtained through but not limited to:

• A Bachelor’s Degree in accounting, finance, or related field.
• Three (3) years full-time increasingly responsible experience in budgeting, forecasting, financial analysis, or related field.

Preferred Qualifications:

• Experience with grant budgeting.
• Public Sector experience, ideally transportation related.
• Experience with enterprise financial management system (e.g. PeopleSoft).
• Experience with Government Finance Officer Association (GFOA) reporting.
• Effective written and oral communication skills in one-to-one and one-to-many settings.
• Effective research and analytical skills.
• Proficiency in Microsoft Office Suite programs, specifically Excel and PowerPoint.

Below is a summary of the comprehensive benefits provided to District full-time employees:

Health and Welfare Benefits:

• Healthcare Benefits -District employees are offered a choice of healthcare providers under the CalPERS Health Benefits Program.The District will contribute ninety (90) percent towards monthly premiums for full-time employees. Fifty (50) percent for part-time employees.
  
• Free Dental and Vision Benefits provided - Employer Covers Premiums
  
• Free Employee Assistance Benefit - Employees are entitled to 5 face-to-face sessions or telephonic or web-video consultations for problem-solving support per incident, per calendar year.
  

• Flexible Spending Accounts - Pre-tax dollars to pay for qualified Health or Dependent Care expenses.
  

Retirement Medical Benefits:

• Long Term Disability Insurance - After 90 days of total disability, Administrative full-time employees are eligible for 60% of monthly income covered by the District.
  
• Health and Wellness - Gyms located at most work locations and discounted Weight Watcher Membership Option.
  

Holidays and Paid Time Off:

• Paid Time Off - Newly hired employees accrue 6.5 hours bi-weekly when hired (if Exempt 8.5 hours).As you move up in years of service credit, the rate of the amount of PTO accrued will also increase.
  
• Paid Holidays - The District provides seven paid holidays throughout the year - New Years Day, Martin Luther King Jr. Day, Memorial Day, Independence Day (July 4th), Labor Day, Thanksgiving Day and Christmas Day
  
• Floating Holidays - District employees can earn up to five (5) floating holidays.
  

Financial Planning Benefits:

• Pension Benefits through CalPERS -You must have a minimum of 5 years of service to be eligible for this pension.
  

• CalPERS PEPRA vs. Classic - All employees hired on, or after January 1, 2013, are considered PEPRA members and will contribute 8% of their salary up to the maximum IRS cut-off. All Classic members will contribute 6%
  
• Deferred Compensation Options - Select to contribute to one or both of our Tax Deferred Compensation Options
  
• Reliance Standard Life Insurance with 100% premium paid by the District - 1 times annual salary of employee - max $200,000
  
• Optional Life Insurance - Employees may purchase additional life insurance for themselves and their eligible family members.
  

Growth and Education Benefits:

• Professional Development - Access to LinkedIn Learning and San Mateo County’s professional training. District Tuition Reimbursement Program - A maximum of $5,250 per year for courses related to your job or career goals with the District.
  
• Computer Loan Program - Interest-free two-year loan with a maximum amount of $4,000.
  

Other Amazing Benefits:

• Credit Union - Employees and family members are eligible to join the San Mateo Credit Union and Patelco Credit Union.
  
• Employee Clean Commute (ECC) - Car/Van poolers and Public Transit riders receive a monthly reimbursement.
  
• Commuter Benefits - Free Employee Parking; Free Bus Pass for employee as well as children/spouse; Clipper Card/Go Pass Program for Central employees.
  

For union employees, all of the above benefits are subject to the employee’s Collective Bargaining Agreement. Benefits listed are also subject to change with or without notice and are subject to contract/provider terms and conditions.

Closing Date/Time: 10/6/2024 11:59 PM Pacific

Salary:

$99,510.84 - $149,266.78 Annually