PRINCIPAL BUDGET ANALYST

PRINCIPAL BUDGET ANALYST
ADMINISTRATION & FINANCE
CITY OF WORCESTER

The City of Worcester is seeking qualified applicants for the position of Principal Budget Analyst for the Budget Division within the Office of Administration and Finance. Under the direction of the Budget Director, the Principal Budget Analyst will provide financial and operational analysis and reporting to execute key internal control procedures over operating and capital expenditures for the City. The Principal Budget Analyst will ensure compliance with City budgets, policies, and ordinances and prepare, analyze and present the operating and capital budgets through collaboration with City Departmental leaders. The position will provide analytical staff assistance to City Leadership by evaluating and improving services such as budget preparation, fiscal controls, and performing assigned fiscal management and performance studies.

Bilingual applicants are encouraged to apply.

ESSENTIAL ELEMENTS:

• Analyze and evaluate fiscal processes and procedures to develop long-range goals, objectives and programs of improvement.
• Analyze and report on unit fiscal operating practices, such as record keeping systems and forms controls, as well as outcomes.
• Analyze and assist departments in the preparation of budgeting requests and perform related work as required.
• Prepare and administer the annual operating and capital budgets




• o Coordinate the accumulation and organization of information used in the budget document
• o Review departmental and agency operating and capital budget submissions
• o Participate in hearings with department and agency heads to resolve differences
• o Review expenditure and income projections and provides recommendations for final departmental and agency submissions of expenditure projections




• Act as liaison between City administration and various departments on fiscal matters.
• Coordinate with relevant departments, manage City capital, tracking project schedules, authorizations, expenditures, and resource availability.
• Continually review and analyze departmental and agency revenues and expenditures.
• Advise and make recommendations to the Budget Director and Assistant Budget Director - Operations regarding fiscal administrative research and management improvement.
• Present fiscal operations analysis findings versus budget to ensure that City policies and procedures are being followed.
• Prepare financial/budgetary records, reports, documents, statements, analyses and statements.
• Review and present analysis of income/revenue and trust reports to the Budget Director, City Auditor, and Chief Financial Officer.
• Assist in the development and presentation of long-range financial plans for both operations and capital plans.
• Support disclosure requirements related to debt for all Note and Bond Offering Statements.

REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES:

• Knowledge of budgeting and accounting principles, practices, and procedures.
• Highly proficient with Microsoft Office applications, particularly Excel and database applications; Facile with technology and able to learn new systems.
• Ability to read, interpret and document financial transactions in compliance with City Ordinances, State Statutes, other regulatory laws and accounting principles.
• Ability to become knowledgeable in applicable Federal/State/Local regulations, procurement & municipal budgeting standard operating practices.
• Demonstrated computer proficiency, proficiency with electronic databases and with Microsoft Office Suite, with a minimum of moderate skill level in Excel.
• Strong collaborative and communication skills.
• Strong time management skills.
• Ability to prioritize tasks, stay organized, and be detail oriented.
• Ability to track and analyze financial data to prepare detailed and accurate reports.
• Experience with robust, high transaction volume financial systems and ledgers.
• Strong technical writing skills.
• Strong problem solving and critical thinking skills.
• Ability to generate creative financial/operational solutions.
• Ability to establish and maintain effective working relationships.
• Strong analytical and organizational skills, accuracy and detail orientation.
• Strong collaborative and communication skills.
• Ability to work independently, as well as part of a team.
• Ability to consistently and reliably meet established deadlines.

MINIMUM REQUIREMENTS:

• Bachelor's degree in Finance, Accounting, or related field; OR,

o An equivalent combination of education & four (4) years of experience that provides the knowledge, skills, and abilities to perform the required duties of the position will be considered in lieu of the above-mentioned requirements.

• One (1) year of experience in public or private financial analysis and reporting
• Experience with robust, high transaction volume financial systems
• Excellent communication skills

PREFERRED QUALIFICATIONS:

• Master's degree in Finance, Accounting, or related field
• Two (2) years of experience with financial analysis and reporting
• Two (2) years of experience with municipal or public sector accounting
• One (1) year of experience with capital financing and debt structure
• One (1) year of demonstrated knowledge of the principles, methods, and practices of municipal finance and accounting
• One (1) year of experience with government operations as it pertains to financial activities
• Experience with the Workday Platform

SALARY RANGE: $68,520 - $89,768 annually, exempt, full-time, excellent benefits package

To apply, please visit: www.worcesterma.gov/employment or send resume and cover to: City of Worcester, 455 Main Street, Room 109, Worcester, MA 01608. OPEN UNTIL FILLED, applications received prior to or on FRIDAY, MAY 23, 2025, will receive preference. Preference is given to Worcester residents. The City of Worcester is an equal opportunity, affirmative action employer. Women, minorities, people with disabilities and protected veterans are encouraged to apply. Direct inquiries to: City Hall, Human Resources, Room 109, 508-799-1030, Hiring@worcesterma.gov.