Budget Analyst

Introduction

Maryland Benefits (MD Benefits) is a dynamic, cloud-based platform. This enterprise-wide digital service allows organizations to build, test, host, operate, and integrate mission-driven applications, data, and emerging technologies. MD Benefits offers cloud-based Platform-as-a-Service (PaaS) capabilities, a shared data architecture, and product development services, all developed by the State of Maryland to help multiple agencies deliver and manage health, human, and social service benefits and programs.

Main Purpose/Responsibilities

• Review, analyze and prepare fiscal records and reports, as it relates to budgeting, cost accounting and chargebacks. Examples of reports would be YTD budget analysis, and variance analysis
• Prepare and submit budget amendment information and annual budget requests into the BARS system.
• Assist the Budget Director in developing and keeping up to date fiscal policies, procedures, standards and internal controls to ensure accuracy and reliability of official records as they relate to agency budgeting, cost accounting and the bill back operating policy/system.
• Assist in the preparation for budget hearings with the Department of Budget and Management (DBM), the Governor’s Office, and the General Assembly.
• Perform monthly reconciliation to ensure all contracts are in balance within the Financial Management Information System (FMIS).
• Investigate and determine whether required funds are available to approve the submission of Fund Certifications for all contracts and blanket purchase orders over $25,000 for the operating and capital program.
• Develop and prepare financial status reports on contracts.
• Support DoIT’s budgeting and financial goals through related duties as assigned
• Conduct financial reconciliation of invoices against the FMIS system using Excel and VBA. Identify and correct issues.
• Maintain Expenditures Tracker by Service Type, updating monthly for the Executive Director. Identify and address any issues.
• Prepare and automate Aging Reports and update the file monthly for the Executive Director.
• Perform Gap analysis of invoices against VersionOne and the financial management system. Identify areas where objectives fall short, and outline strategies to bridge those gaps.
• Prepare forecasts, working with the budget director to manage financial resources and support strategic decision-making.

Minimum Qualifications

Education:

• A Bachelor’s degree from an accredited college or university in Finance, Accounting, Business Administration, Economics, Public Administration, or a related field.

Experience:

• At least five (5) years of experience in professional accounting, auditing, budgeting, fiscal or financial management.
• Proven ability to interact effectively with internal and external customers at all levels including technical team and business users.
• At least two years of BARS and the State of Maryland Financial Management Information Systems (FMIS) for financial tracking, budget monitoring, and reporting.

Desired Qualifications

Preference will be given to applicants who possess the following preferred qualification(s).

• Experience in preparing reports related to budgeting, cost allocation, and chargebacks..
• State of Maryland working experience with the following systems: Financial Management Information System (FMIS) to include View Direct & ADPICS and the Budget and Reporting System (BARS).