Budget Analyst I

Insurance • Wake County, NC

9d • Hybrid

About The Position

This is an anticipated vacancy for a Budget Analyst I. The primary purpose of this position is to provide planning and organizing of the department’s budgeting functions to ensure that accounting records and the initiating transactions are properly budgeted using the State’s Integrated Budget and Information System (IBIS) and properly recorded in the North Carolina Financial System (NCFS). The Department of Insurance is a diverse and complex organization with many unique and specialized operations and programs. Accounting records for the agency are maintained in several different budget codes: General, Special Interest, Special Non-Interest, Federal, and Trust. Within these major budget codes are varied and numerous sub-funds and programs. Moreover, all transactions must be processed in compliance with NCFS requirements, state and federal requirements, and generally accepted accounting principles. This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.

Requirements

• Bachelor’s degree from an accredited institution in business administration, public administration, accounting, or related field; or an equivalent combination of education and experience.

Nice To Haves

• Experience with NC Integrated Payroll System
• Experience with NC Integrated Budget Information System (IBIS)
• Experience with State of NC budgeting
• Experience with NC Financial System (NCFS)

Responsibilities

• Provide planning and organizing of the department’s budgeting functions to ensure that accounting records and the initiating transactions are properly budgeted using the State’s Integrated Budget and Information System (IBIS) and properly recorded in the North Carolina Financial System (NCFS).
• Support the Budget Manager in preparing continuation, expansion, capital, IT, program, and other required departmental budgets.
• Perform ongoing monitoring, oversight, and execution of budgets through line-item requests and adjustments in accordance with the State Budget Act.
• Review instructions, plans, and guidelines to ensure budgets are accurate, timely, and compliant.
• Examine budgets and expenditures for adherence to state rules, legislative intent, and applicable laws.
• Provide consultation and technical assistance related to the preparation and execution of continuation, operating, and expansion budgets across multiple funding sources, evaluating methodologies to improve accuracy.
• Review program, policy, and rule changes to determine fiscal and program impacts.
• Assist in managing position counts and budgeted salaries.
• Help monitor salary reserves and lapsed salaries while providing regular status reports to the Budget Manager.
• Assist with grant planning and administration for the Department of Insurance and the NC Industrial Commission.
• Perform financial administration of private, state, and federal grants.
• Ensure accurate monthly expenditure reports.
• Prepare required submissions to awarding agencies.
• Reconcile federal drawdown systems.
• Manage cash flow for grant revenues.
• Review information needed for disbursement of grant funds.
• Maintain current balances.
• Prepare monthly expenditure and balance reports, and distribute them to management.
• Review funds availability for procurement requests, workflow items, BTAs, contracts, and temporary employee requests.
• Prepare budget revisions.
• Resolve funding discrepancies.
• Support programs in aligning budgets with funding needs.
• Manage special projects assigned by the Controller or Budget Manager that require immediate attention.

Benefits

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by AETNA
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level