Economic/Fiscal Senior Analyst (#MABZ40)
$69,363.00 Yearly Min / $86,704.00 Yearly Mid / $104,045.00 Yearly Max

Summary Statement

A class incumbent supervises staff responsible for providing, coordinating and directing the research, analysis and development of economic, legislative and fiscal analysis. The incumbent is responsible for ensuring the provision of accurate economic forecasts and statistical studies in order to provide sound recommendation and data to the Bureau Director for use in determining the state's current and projected financial picture.

  • Oversees and directs the work of professional staff.
  • Responsible for the state's revenue and expenditure data banks.

Nature and Scope

The class incumbent reports to the Director, Economics and Statistics Bureau and is responsible for financial strategic planning for the State. Duties include overseeing the development of economic and computer simulation models, analysis of revenue forecasts and trends in the economy and the development of analytical reports of trends and projections. The incumbent formulates recommended policies and plans to aid in the development of the state's overall fiscal policy. The incumbent oversees the analysis of state and federal legislation to determine fiscal and organizational impact on existing or proposed state programs. In addition, the incumbent actively participates in the analysis and assessment of the impact of state and federal tax law changes on the state's tax system and development of proposals to address these issues. A significant aspect of the work is to direct and participate in the forecasting of general fund revenues for current and future years and the development of data banks necessary to monitor on-going revenues and disbursements for budgetary comparison on a statewide basis. A class incumbent also directs and participates in the preparation of studies of national economic factors, policies and trends and oversees the impact analysis necessary for developing sound recommendations for use in determining the fiscal policy of the state. Work at this level requires frequent contact with top level officials and fiscal management personnel from all areas of the state, other governmental agencies and private companies in order to maintain current and accurate data and to keep abreast of economic conditions which may significantly impact on the state's current and future financial picture. Assignments frequently require the development and application of complex computer simulation models based on state-of-the-art technology as applied to economic principles, financial policy, econometric modeling and analysis of micro and macro economic data.

Essential Functions

Essential functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

  • Supervises and participates in in-depth research and analysis of existing and/or proposed legislation and the development of impact analysis. Formulates recommendations, policies and plans regarding revenue sources, tax laws and expenditures.
  • Oversees and participates in the identification and analysis of economic factors affecting revenues, projections of trends, evaluation of impact of fiscal policies and makes recommendations.
  • Utilizes and directs the use of econometric techniques and computer simulation modeling to accurately generate complex economic forecasts.
  • Directs and participates in the development and preparation of research and studies of state and national economics and other fiscal matters.  Prepares complex analytical reports of findings and recommendations.
  • Supervises the data collection, development and maintenance of comprehensive data banks for state revenues and expenditures for use in the preparation of viable analytical reports pertaining to state fiscal policy.
  • Provides concurrent budgetary analysis by overseeing and participating in the monitoring of state revenues and disbursements to ensure state revenues are performing as expected and to determine if expected and to determine if expenditures are within budgeted amounts. Develops recommendations to minimize expenditures.
  • Maintains contact with top level officials and fiscal management personnel from all departments in the state, other state and local governments, private companies in order to maintain current and accurate data and keep abreast of economic conditions which may significantly impact on the state's financial picture.
  • Keeps abreast of evolving computer simulation and modeling and direct the development/implementation of same in order to ensure the provision of the most effective and accurate analysis and projections

Knowledge, Skills and Abilities

The intent of the listed knowledge, skills and abilities is to give a general indication of the core requirements for all positions in the class series; therefore, the KSA’s listed are not exhaustive or necessarily inclusive of the requirements of every position in the class.

  • Knowledge of economic principles and theories.
  • Knowledge of state and federal revenue and tax law.
  • Knowledge of state-of-the-art computer equipment and software.
  • Knowledge of supervisory techniques.
  • Knowledge of econometric modeling techniques.
  • Knowledge of the conditions, trends, factors, and policies of state and national economies.
  • Knowledge of the principles, practices and techniques of governmental budgetary control and public finance administration.
  • Skill in statistical analysis.
  • Skill in fiscal and policy analysis.
  • Skill in the analysis of budgetary operations.
  • Skill in program analysis.
  • Skill in projecting revenues based on state and national economic trends.
  • Skill in interpreting and analyzing tax policies, regulations and laws.
  • Skill in developing and overseeing the application of computer simulation models in complex economic analysis.
  • Skill in public finance administration.
  • Ability to interpret and analyze policies, regulations and laws.
  • Ability to direct staff in highly technical analysis requiring a high degree of accuracy.

Job Requirements

JOB REQUIREMENTS for Economic/Fiscal Senior Analyst
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

  1. Possession of a Bachelors degree or higher in Public Administration, Economics, Business Management, Accounting, Finance, Public Policy or related field.
  2. Two years experience in econometrics such as the application of mathematical and statistical techniques to economics in the study of problems, the analysis of data, and the development and testing of theories and economic models.
  3. Two years experience in tax policy, economic or financial analysis, involving large datasets.
  4. Six months experience with public finance such as analyzing government revenue and expenditures, public trusts and investments, budgets and taxation; evaluating economic impact, making projections and recommending public policies.
  5. Coursework, training and/or work experience in computer modeling for analysis, simulation, and forecasting.