What are the responsibilities and job description for the Budget Analyst, GS-0560-13/14 FPL GS-14 (MP) position at EDUCATION-OFC OF FEDERAL STUDENT AID?
This position is located in the Finance Directorate, Budget Group (BG), Budget Formulation Division (BFD). The BG formulates and executes the FSA administrative budget; produces financial analysis; processes travel, reimbursements, invoices, and administrative payments; and produces budget reports and forecasts.
Qualifications:
Minimum Qualification Requirements:
You may meet the minimum qualifications for the GS-13/14, if you possess the specialized experience.
Specialized Experience for the GS-13
One year of experience in either federal or non-federal service that is equivalent to at least a GS-12 performing two (2) out of three (3) of the following duties or work assignments:
1. Experience in supporting multi-million dollar budgets for federal program offices.
2. Experience supporting program managers and CORs in managing large, complex federal contracts include developing budget requests, tracking burn rates, revising budgets, answering Office of Budget and Management (OMB) data calls, responding to audit requests and acquisition planning.
3. Experience supporting project managers creating and tracking life cycle costs for the development, implementation and operation of federal technology systems supporting civilian program operations (not just financial or accounting systems).
Specialized Experience for the GS-14
One year of experience in either federal or non-federal service that is equivalent to at least a GS-13 performing two (2) out of three (3) of the following duties or work assignments:
1. Experience in managing multi-million dollar budgets for federal program offices.
2. Experience leading program managers and CORs in large, complex federal contracts including developing budget requests, tracking burn rates, revising budgets, answering Office of Budget and Management (OMB) data calls, responding to audit requests and acquisition planning.
3. Experience leading the creation and tracking of life cycle costs for the development, implementation and operation of federal technology systems supporting civilian program operations (not just financial or accounting systems).
Knowledge, Skills, and Abilities (KSAs) GS-13
The quality of your experience will be measured by the extent to which you possess the following knowledge, skills and abilities (KSAs). You do not need to provide separate narrative responses to these KSAs, as they will be measured by your responses to the occupational questionnaire (you may preview the occupational questionnaire by clicking the link at the end of the Evaluations section of this vacancy announcement).
1. Ability to compile and analyze datasets to create alternative budget scenarios and program actions.
2. Ability to effectively and efficiently communicating verbally and in writing when developing recommendations.
3. Knowledge of a range of laws, regulations, principles, precedents, and internal practices of an organization to develop budgetary recommendations and assist in setting and implementing program goals.
4. Knowledge of the federal budget process to provide recommendations and interpretations of legislation, policies, and precedents.
5. Skill in performing analytical and evaluative work associated with contracts and budget activities.
Knowledge, Skills, and Abilities (KSAs) GS-14
The quality of your experience will be measured by the extent to which you possess the following knowledge, skills and abilities (KSAs). You do not need to provide separate narrative responses to these KSAs, as they will be measured by your responses to the occupational questionnaire (you may preview the occupational questionnaire by clicking the link at the end of the Evaluations section of this vacancy announcement).
- Knowledge of governing budgetary policies, precedent setting decisions, procedures, and regulations issued by higher authority to assure budget forecasts, estimates, and submissions conform to requirements, guidelines, and financial objectives.
- Ability to exercise independent judgment along with planning, organizing, and directing the work of programs/projects requiring substantial personnel and financial resources.
- Skill in compiling and analyzing datasets to create alternative budget scenarios and program actions.
- Knowledge of the federal budget process to provide recommendations and interpretations of legislation, policies, and precedents.
- Ability to perform analytical and evaluative work associated with contracts and budget activities, such as contract procurement, budget execution, and budget forecasts.
Responsibilities:
APPLICATION LIMIT: This vacancy announcement is limited to the first 200 applications received and will close at 11:59PM Eastern Time on the day that we receive the 200th application, or at 11:59PM Eastern Time on the listed closing date, whichever occurs first.
We encourage you to read this entire vacancy announcement prior to submitting your application.
As a Budget Analyst, GS-0560-13, you will be responsible for:
• Liaising with project managers and agency budget contacts to assist, review, and evaluate budget requests. Assists in analyzing contract costs to develop cost-benefit analyses of proposed budgetary and program actions to advise Department officials and program managers of the most advantageous course of action.
• Working closely on budget execution activities and analyzes trend data to inform budget formulation decisions. Reviews and analyzes complex data to effectively defend budgetary needs in communications and presentations to senior leaders.
• Advising management to emerging issues and potential problems related to budgets, financing, legislation, and internal controls. Ensures Federal Student Aid staff is kept up to date on budget plans, legislative issues, appropriation actions, progress in achieving budgetary goals, and other related issues.
• Providing advice and assistance to managers in the development and presentation of budget requests; drafting and issuing interpretations of Departmental and Office of Budget and Management (OMB) budgetary guidance; and providing budgetary adjustments and assist with developing strategies, narratives and statistical materials for the federal budget and programs used by senior management officials.
• Identifying potential contractual funding shortfalls and prepares appropriate supporting documentation. Interfaces with business units to research and communicate information on potential contractual funding issues and problems. Develops findings and reports to senior managers.
As a Budget Analyst, GS-0560-14, you will be responsible for:
• Providing recommendations for budgetary actions in formulating budget estimates for a multi-year appropriation, tracking progress of POC appropriations through Congress and provides account scenarios based on congressional action.
• Providing guidance and data calls which contain specific, detailed instructions for completion and coordinates with leadership and external offices, developing detailed background documentation for presenting and defending budget requests.
• Developing cost factors, ratios, tests, and other mathematical modules to evaluate the current financial status, and to determine the cost-benefit of alternative budget and program actions; and integrating data from both justification and execution elements to build detailed analysis for leadership decisions.
• Reviewing proposed circulars, handbook notices, regulation and other directives and makes recommendations consistent with budget policies and procedures and management practices.
• Providing subject matter expertise on contract and inter-agency agreement funding requirements, resources, and allocations. Tracks, monitors, and advises on the legal and technical sufficiency of contract and procurement funds.
Salary : $121,785