This position is responsible for the research, analysis and development of economic, legislative and fiscal analysis. Prepares economic forecasts and statistical studies to provide information and recommendations.
Nature and Scope
In order to provide sound, responsible financial strategic planning for the State, this position develops data, statistics, economic models, projection, trend analysis, etc., for use by various groups charged with this responsibility. Duties include supervision of data collection, development of economic and computer simulation models, analysis of revenue forecasts and trends in the economy and preparation of associated reports. Additionally, incumbents study pertinent legislation from state and federal legislative bodies to determine fiscal and organizational impact on existing or proposed State programs. A significant responsibility is to forecast general fund revenues for current and future years and to monitor ongoing revenues and disbursements for budgetary comparison on a statewide basis. Many assignments require the development and application of complex computer simulation models based on state-of-the-art technology as applied to economic principles, econometric modeling and analysis of micro and macro economic data.
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.
Provide accurate, in-depth research and analysis of existing and/or proposed legislation and determine the potential impact on state operations.
Identify economic factors affecting state revenues and project economic trends and evaluate fiscal policies.
Utilize current econometric techniques and computer simulation modeling to accurately generate economic forecast.
Research, develop and prepare complex financial reports pertaining to state and national economics and other fiscal matters.
Provide concurrent budgetary analysis by monitoring state revenues and disbursements.
Keep abreast of evolving computer simulation and econometric modeling to provide the most effective 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 state-of-the-art computer equipment and software packages.
Knowledge of economic principles and theories.
Knowledge of econometric modeling techniques.
Knowledge of principles, practices and techniques of governmental budgetary control and public finance.
Skill in fiscal policy analysis.
Skill in the analysis of budgetary operations.
Skill in projecting revenues based on economic trends.
Skill in operating computer simulation models.
Skill in formulating complex mathematical equations.
Skill in public administration.
Ability to interpret and analyze policies, regulations and laws.
JOB REQUIREMENTS for Economic/Fiscal Analyst Applicants must have education, training and/or experience demonstrating competence in each of the following areas:
Possession of a Bachelors degree or higher in Public Administration, Economics, Business Management, Accounting, Finance, Public Policy or related field.
One year experience in econometrics which includes 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.
One year experience in tax policy analysis.
Six months experience in public finance which includes analyzing government revenue and expenditures, public trusts and investments, budgets and taxation; evaluating economic impact, making projections and recommending public policies.
Knowledge of computer modeling for analysis, simulation, and forecasting.
Six months experience in interpreting laws, rules, regulations, standards, policies, and procedures.