Federal Reserve Bank Budget Analyst I in Dallas, Texas
ORGANIZATIONAL SUMMARY: As part of the nation’s central bank, the Federal Reserve Bank of Dallas is committed to strengthening the economy and our communities. At the Fed, you have the opportunity to become part of an important public service institution whose work touches lives across the globe. It’s a big job and that’s why we need talented, results-driven professionals who care about making a difference.
POSITION SUMMARY: This position contributes to the department budget by analyzing and processing purchasing requests within the department/Bank policy while maintaining cost. Analyzes and submits department`s device counts for annual budget process. Researches vendors to find the best value for products purchased and submit invoices for payment. Manages new contracts and renewals for the department and maintaining the contract log and monitors contract status. Ensures the proper allocation of costs to business units using established cost accounting principles in the organization for all expenses.
Manages vendor relations, new contracts and renewals and procuring purchasing requests within policy and budget. Processes expenses within guidelines and tracks to budget. Creates allocation files to ensure costs are properly distributed to the correct cost centers. Reviews invoices for accuracy and properly codes to the correct account and cost center.
Gathers business plans from department management/staff, develops cost requirements and incorporates into department budget. Analyzes past and projected expenses to align in the budget appropriately. Communicates with management of business units to monitor and forecast the budget to project the expenses for the year at the local and service level.
Processes daily and monthly accounting entries, monitors general ledger accounts, and reconciles accounts to ensure accuracy.
Provides support to ensure compliance with Bank policy related to on-site or off-site events.
/Functional Knowledge:/Requires conceptual knowledge of theories, practices and procedures within a discipline.
/Expertise:/Applies general knowledge of business developed through education or past experience.
/Leadership:/No supervisory responsibilities; accountable for developing technical contribution.
/Problem Solving:/Uses existing procedures to solve standard problems; analyzes information and standard practices to make judgments.
/Impact:/Has limited impact on own work team; works within standardized procedures and practices to achieve objectives and meet deadlines.
/Interpersonal Skills:/Exchanges straightforward information, asks questions and checks for understanding.
Fluent in Microsoft Office applications, including Outlook, especially Excel including pivot tables.
Knowledge of and ability to utilize company specific policies and practices for planning and administration of budgets and expenses.
Knowledge of cost accounting practices to prepare cost allocation tables and to ensure expenses are coded for reporting in the appropriate cost view.
Preferred knowledge of automated financial and cost accounting software used for forecasting and tracking budgets and expenses; for processing and paying purchase orders, invoices, and other billing (Lawson).
EDUCATION AND EXPERIENCE: *
Bachelor`s degree in Business Administration, Accounting, Finance or related field preferred.
Minimum of 1 year experience in a financial support role preferred.
Equivalent education and/or experience may be substituted
WORK HOURS AND CONDITIONS: *
Typically, 8:00 a.m. – 5:00 p.m. Monday – Friday. Flexibility / additional hours may be required based on business needs;
Some travel may be required up to 5%
Assessments may be required as part of the interview process.
The candidate selected for this position may be included in the Bank’s Leadership Development Program (LDP) if eligibility requirements are met. The LDP is two-years in length and provides accelerated learning and development for early career professionals. To be eligible for the LDP, selected candidates must have at least a 3.5 GPA, up to two years of professional work experience and have approval of their management. To learn more about the LDP, please visit KNECT.
By federal law, this position requires that candidates fall within one of the following citizenship categories: (1) U.S. citizen, (2) U.S. national, (3) U.S. permanent residents who are not yet eligible to apply for naturalization, or (4) U.S. permanent residents who have applied for naturalization within six months of being eligible to do so
/ We are proud to be an equal opportunity employer./
Organization: *Federal Reserve Bank of Dallas
Title: Budget Analyst I
Requisition ID: 254711