Join our Talent Network >

Budget Analyst

Job ID: 2210109
Location: RICHMOND, VA, United States
Date Posted: Jul 7, 2022
Category: Business Management
Subcategory: Finance
Schedule: Full-time
Shift: Day Job
Travel: No
Minimum Clearance Required: None
Clearance Level Must Be Able to Obtain: Public Trust
Potential for Remote Work: Hybrid Remote
Benefits: Click here

Share: mail

Job Description

Description

About the SAIC MSI Program

Science Applications International Corp. (NYSE: SAIC) has been awarded a $165 million contract by the Commonwealth of Virginia to serve as a multisourcing service integrator (MSI). Under the contract, SAIC will provide an innovative approach to assist the Virginia Information Technologies Agency (VITA) with modernizing the state’s technology infrastructure. Under the contract, SAIC will coordinate and monitor multiple IT infrastructure services suppliers for state executive branch agencies. The MSI is the cornerstone of a strategy that will diversify the state’s portfolio of suppliers, improve service delivery quality, ensure cost-competitiveness, and provide transparency and accountability into the commonwealth’s service delivery platform.

SAIC is seeking a Budget Analyst to support the Virginia IT Agency (VITA) multisource supplier integrator (MSI) program in Richmond, VA. The Budget Analyst is responsible for developing and updating a quarterly forecast (current fiscal year plus three additional) for the consumption of suppliers’ IT services for the executive branch agencies of the Commonwealth of Virginia (COV).  This includes generating chargeback rates for these services based on suppliers’ contracted rates and VITA’s overhead and providing a financial forecast based on forecast consumption volumes and rates. 

Duties to include: 

  • Customer Deliverable Oversight and Process Improvement
    • Develop deliverable timelines with customer and ensure internal processes and work products are managed to meet established timelines.
    • Engage customer personnel to achieve timely decisions and input to ensure deliverables are completed in a timely and accurate way.
    • Review junior analyst deliverables for accuracy.
    • Facilitate reviews with SAIC and customer leadership.
    • Lead continuous improvement activities.
    • Serve as escalation point of contact and primary accountable for budget and forecasting deliverables and process.
  • Quarterly Forecasting
    • Coordinate the capture of consumption and financial actuals from the IT Financial Management application and inclusion of these actuals into the forecast. 
    • Develop initial baseline forecasts each quarter, based on extrapolation of actuals and/or manual adjustments.
    • Modify the initial baseline forecasts based on input from IT service owners and suppliers
    • Coordinate the twice-a-year distribution of the modified baseline forecasts to executive agencies, and collection and integration of agency updates to their forecast.
    • Review forecasts at the agency and aggregate level, identify issues and anomalies, and work with the VITA Finance team to adjust forecasts as needed.
    • Document exceptions to the forecast process (e.g., non-standard forecast treatment of some services) and apply those exceptions (with VITA oversight) in the forecast process
    • Package the forecast in an agreed format and deliver to VITA Finance by the quarterly due date (Note: late submissions carry financial penalties for SAIC)
  • Rates Development
    • Annually, and more frequently at the request of VITA, generate chargeback rates for IT services included in the quarterly forecast
    • Populate and run the rates model with consumption volumes from the most recent forecast; overhead and other costs to be allocated to the chargeback rates are provided by VITA Finance
    • Review the rates model with VITA and make adjustments based on VITA guidance
  • Reporting and Administration
    • Develop and present to VITA Finance an Executive Summary for each quarterly forecast.  The Exec Summary will include details of methodology, exceptions, issues, variances, trends, and notable findings.
    • With VITA Finance, provide briefings to executive agencies on how to participate in the forecast process
    • Maintain and update, as needed, the Service Management Manual (SMM) and work instructions that document the process and roles of the forecast process
    • Suggest, review, and help implement forecast process improvements

Qualifications

Required Experience:

  • Bachelors and six (6) years or more of related experience; Masters and four (4) years or more experience; PhD and 0 years related experience. May consider an additional 4 years of experience in lieu of a degree.  
    • 5+ years of experience using an enterprise budget and forecast application; Apptio experience a plus
    • Exceptional verbal, written and presentation skills
    • Exceptional skills with MS Excel
    • Competency in other Microsoft applications, SharePoint, Project, and Visio
    • Exceptional attention to detail

Covid Policy: SAIC does not require COVID-19 vaccinations or boosters. Customer site vaccination requirements must be followed when work is performed at a customer site.

Overview

SAIC® is a premier Fortune 500® technology integrator driving our nation's technology transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions that are critical to achieving our customers' missions.

We are more than 26,500 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a respectful work culture based on diversity, equity, and inclusion that values all contributors. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.1 billion. For more information, visit saic.com.

Share: mail

Similar Jobs

Costpoint System Associate

REMOTE WORK, VA, United States
Business Management

Budget Analyst

RICHMOND, VA, United States
Business Management