Job Specifications
Washington, DC
$170,000 - $200,000 PA
2 days ago
Full Time
Senior Level
Last Jobs You Viewed
Budget Analyst
This vacancy is for a Budget Analyst in the Office of the Secretary within the Department of Commerce.
As a Budget Analyst, you will perform the following duties: Independently develops draft operating budgets and yearend closeout tasks; works with OGC leadership on future year budget formulation and deliverables. Participates with Department officials in planning and coordinating budget activities and formulating recommendations on all budgeting aspects of OGC's funding and budget structure. Calculates the cost of OGC agreements when OGC is the servicing party, including yearly standardized hourly rate cost calculations. Maintains accurate files of cleared agreements, cost calculations, and supporting documents. Ensures agreements are billed timely using Time Tracking data or the method stated in the agreement; notifies OGC staff of recording and tracking requirements. Processes invoices and related payments, oversees tracking, ensures accuracy, and reduces improper payments. Develops and implements complex financial management activities, including commercial payments, travel, interagency agreements, reimbursements, Working Capital Fund transactions, billings, recoveries, appropriations, and fund transfers. Uses financial/accounting systems to monitor expenditures across multi-year appropriations, allotments, transfers, internal realignments, carryover requests, and refunds. Independently reviews program funding and spending data and develops cost information reflecting program trends. Responsible for accurate monthly Status of Funds (SOF) updates; maintains close surveillance of obligations, allocations, and projections against allotments. Ensures accuracy of encumbered and vacant positions, projected entry-on-duty dates, and salary data; updates SOF for reassignments and grade/step changes. Provides and reviews end-of-year financial forecasts to determine current and yearend financial positions of assigned programs. This Job Opportunity Announcement may be used to fill other Budget Analyst GS-0560-15, FPL GS-15 positions within the Department of Commerce in the same geographical location or local commuting area with the same qualifications and specialized experience.
Requirements
Qualification requirements in the vacancy announcements are based on the U.S. Office of Personnel Management (OPM) Qualification Standards Handbook, which contains federal qualification standards. This handbook is available on the Office of Personnel Management's website located at: https://www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards/#url=Occupational-Series Applicants must possess one year of specialized experience equivalent in difficulty and responsibility to the next lower grade level in the Federal Service. Specialized experience is experience that has equipped the applicant with the particular competencies/knowledge, skills and abilities to successfully perform the duties of the position. This experience need not have been in the federal government. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations e.g., professional; philanthropic, religious; spiritual; community, student, social). Volunteer work helps build critical competencies; knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. To qualify at the GS-15 level You must meet the specialized experience as described below. SPECIALIZED EXPERIENCE: You must possess one full year (52 weeks) of specialized experience equivalent to the GS-14 in the Federal service. Specialized experience is defined as: Experience leading budget formulation activities for a major organizational program, including drafting operating budgets, developing future-year budget deliverables, coordinating budgetary data, and preparing recommendations on funding requirements and adjustments. Experience calculating standardized hourly labor rates and full-cost estimates for reimbursable agreements, preparing cost models for MOUs/IAAs, and coordinating required clearances with OSFM, HR, and General Law. Experience performing manual and system-based billing activities, entering and tracking agreements in G-Invoicing, and ensuring timely, accurate billing using time tracking methods or agreement-specified procedures. Experience providing authoritative Working Capital Fund (WCF) guidance, including analyzing expenditures, monitoring reimbursable and revolving accounts, and applying internal controls to reduce improper payments. Experience executing core financial operations such as commercial payments, reimbursements, travel, appropriations, transfers, and Status of Funds (SOF) updates-maintaining accurate obligations, projections, salary data, and year-end financial forecasts. Education can not be substituted for experience at this grade level.