StateJobsNY

NY HELPNo

AgencyBudget, Division of

TitleBudget Fellow - Economic Forecasting, Ref. #17-08 DOB

Occupational CategoryNo Preference

Salary GradeNS

Bargaining UnitM/C - Management / Confidential (Unrepresented)

Salary RangeFrom $46496 to $55082 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 9 AM

To 5:30 PM

Flextime allowed? No

Mandatory overtime? Yes

Compressed workweek allowed? No

Telecommuting allowed? No

County Albany

Street Address NYS Division of the Budget

State Capitol

City Albany

StateNY

Zip Code12224

Minimum Qualifications Budget Fellow must possess a minimum of a Bachelor’s degree. Starting salaries depend upon level of education and type of work experience, and annual salary increases are dependent on satisfactory performance:

• Budget Fellow I: $46,496- A Bachelor’s degree. Advances to Budget Fellow II after one (1) year of satisfactory service.

• Budget Fellow II: $50,914– A Master’s degree in public administration, economics, business administration, public policy, public affairs or a closely related administrative or managerial field; or, a Bachelor’s degree and two (2) years of professional work experience including one (1) year in public administration. Advances to Budget Fellow III after one year of satisfactory service.

• Budget Fellow III: $55,082– A Master’s degree as specified for Budget Fellow II and one (1) year of professional budgeting experience within a governmental jurisdiction; or, a Master’s degree in any field and two (2) years of professional work experience including one (1) year in public administration; or, a Bachelor’s degree and four (4) years of professional work experience including one (1) year of public administration. Eligible for annual salary increases based on performance.

Additional requirements include:

• A PhD in economics or econometrics;
• Strong quantitative skills;
• Hands-on experience in developing forecasting models;
• Expertise in SAS and proficiency in Excel;
• Strong writing skills;
• High-level ability in visual presentation of results, either in charts or tabular form;
• Strong oral presentation skills, demonstrated by the ability to present and advocate results to both internal and external audiences; and
• The ability to handle multiple competing assignments.

Duties Description Under the supervision of a Budget Examiner at the associate level or above, the incumbent will share responsibility for the Division’s New York State personal income tax forecasts. The incumbent will work on forecasting of personal income tax liability for the Executive Budget and quarterly financial updates; constructing statistical models for forecasting and policy analysis; analyzing fiscal impact of proposed and enacted legislation; and participating in negotiations with legislative fiscal committee staff. Specific activities and tasks include:

• Providing projections for NYS personal income tax liability, which is used in the development of State tax revenue and expenditure estimates, debt capacity analysis, and many other budgetary purposes;
• Developing a thorough understanding of the NYS personal income tax structure and of the data used to develop forecasts;
• Helping to conduct research identifying economic and revenue trends that may have an impact on the State's long-term fiscal condition;
• Analyzing the effects of the tax structure on the economic and business climate of the State and formulating related recommendations;
• Constructing econometric and computer simulation models as required to perform the section’s core functions;
• Responding to data/analytical requests regarding NYS personal income tax data from within the Unit or the rest of the Division; and
• Preparing analytical reports and helping to present personal income tax forecasts to the Budget Director and legislative staff.

Additional Comments To be considered for a current or future position with the Budget Division, please complete the Online Employment Application at https://www.budget.ny.gov/resume/ and select "Economic Forecasting" on the Professional Interests and Skills page.

Some positions may require additional credentials or a background check to verify your identity.

Name The DOB Personnel Office

Telephone

Fax 518-486-5617

Email Address personnel@budget.ny.gov

Address

Street NYS Division of the Budget

State Capitol

City Albany

State NY

Zip Code 12224

Notes on ApplyingTo be considered for a current or future position with the Budget Division, please complete the Online Employment Application at https://www.budget.ny.gov/resume/ and select "Economic Forecasting" on the Professional Interests and Skills page.