Budget Analyst

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

About the Indiana Department of Transportation:
The Indiana Department of Transportation (INDOT) provides a dynamic workplace that serves Indiana citizens, improves our state’s quality of life, and enhances its economic opportunity. INDOT has a number of innovative programs and projects, including Public-Private Partnerships, Green Initiatives, and cutting-edge uses of materials and assets. As part of the State of Indiana, INDOT offers a competitive total compensation package, as well as outstanding work/life balance. Whether you are an established professional in the transportation field or just starting your career, INDOT has exciting and challenging opportunities for you.

Role Overview:

The Budget Analyst serves as a strategic financial partner within the agency, analyzing complex state and federal funding streams, developing and managing annual and biennial budgets, and guiding financial decision‑making across multiple divisions. The role combines advanced budgeting expertise with independent judgment, offering the opportunity to influence agency operations, optimize resource utilization, and ensure alignment with legislative and regulatory requirements.

Top 3 Skills Needed

1. Advanced Financial Analysis & Budgeting Expertise
   Ability to interpret complex data, develop projections, and make sound recommendations, while adhearing to all State standards.
2. Technical Proficiency
   Strong command of financial systems, Excel, and the creation of complex formulas, reports, and datasets.
3. Critical Thinking & Independent Judgment
   Skill in solving multifaceted accounting issues and adapting policies to unique scenarios.

Salary Statement:

The salary for this position traditionally starts at $67,314.00 but may be commensurate with education or work experience.

The essential functions of this role are as follows:

• Analyze and research activities as they relate to state and federal funding within assigned divisions, ensuring that all regulations and guidelines pertaining to the expenditure/revenue transactions are applied appropriately.
• Monitor and analyze short and long-term personnel costs through various statistical and quantitative methods.
• Prepare and manage annual and biennial budgets.
• Formulate and recommend changes to current operating program, budget policies, workflow, and practices to assist in guiding the Agency to the most efficient use of operating funds.
• Collaborate with department budget owners, agency finance managers, Controller, and CFO to oversee the utilization of agency funds.
• Prepare and maintain special internal and external reports utilizing PeopleSoft or other systems, including Capital Fund systems
• Create reports for the State Budget Agency, Granting agencies, State and Federal Government, and other groups as needed, in the support of all agency budgetary needs
• Evaluate and complete division requests for transfer between operating accounts.
• Develop and implement operating budgets with the State Biennium instructions, appropriations bills, and other legislative actions.
• Coordinate and provide training to agency program and finance managers to develop and monitor budget as needed.
• Prepare and process Request for Federal Reimbursements (draws) for assigned grants according to federal and state guidelines and verifies accuracy of grant financials supporting the draw.
• Answer non-routine requests for information on policy interpretation.
• Responsible for oversight for agency forecasting of appropriated funds.
• Serve as liaison with OMB, SBA, and other various state funding agencies.

The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time.

You must meet the following requirements to be considered for employment:

• Bachelor's Degree in Accounting, Finance, Management, Economics or related field required; Master’s degree preferred.
• Seven (7) years of experience in Finance, Budgeting, Accounting, or related field required.
• Broad knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.
• Broad knowledge and ability to use automated financial and accounting reporting system, PeopleSoft Financials.
• Extensive knowledge of State and Federal transportation accounting, budgeting, and applicable laws, policies, and procedures.
• Working knowledge of Hyperion, SPEED, and other State systems is a plus
• Ability to analyze financial data and prepare financial reports, statements, and projections.
• Advanced computer skills in Microsoft Office products, specifically Excel, Word, and PowerPoint
• Excellent problem solving and analytical skills.
• Ability to conduct research, draw logical conclusions, prepare technical reports, and make recommendations.
• Ability to create and maintain complex formulas, macros, databases, spreadsheets, and other software programs
• Ability to formulate sound recommendations and make appropriate decisions with consideration of potential impact on operations.
• Ability to establish and maintain effective working relationships with all levels of management.
• Ability to take initiative and exercise leadership in recommending overall budgetary and performance improvements to division decision makers.
• Ability to solve complex accounting and auditing problems.
• Ability to maintain confidentiality.

Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefit package for full-time employees which includes:

• Three (3) medical plan options (including RX coverage) as well as vision and dental plans
• Wellness Rewards Program: Complete wellness activities to earn gift card rewards
• Health savings account, which includes bi-weekly state contribution
• Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
• Two (2) fully-funded pension plan options
• A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
  • 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
  • Up to 15 hours of paid community service leave
• Combined 180 hours of paid vacation, personal, and sick leave time off
• 12 paid holidays, 14 on election years
• Education Reimbursement Program
• Group life insurance
• Referral Bonus program
• Employee assistance program that allows for covered behavioral health visits
• Qualified employer for the Public Service Loan Forgiveness Program
• Free Parking for most positions
• Free LinkedIn Learning access

Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov.