Few careers allow you to challenge yourself professionally while you give back to meaningful individuals, like a favorite teacher or school bus driver. Teacher Retirement System of Texas (TRS) manages retirement and healthcare plans for nearly 1.6 million public education professionals and we are growing. That growth means adding to talented teams who are dedicated to keeping the Trust financially healthy for a long time to come.
1159/Budget Analyst V/B25
WHAT YOU WILL DO:
Budgetary & Fiscal Activities
· Plans, coordinates, and prepares the agency’s internal administrative budget, including maintaining budgetary system.
· Plans, coordinates, and prepares the agency’s operating budget and Legislative Appropriation Request (LAR).
· Oversees and prepares monthly and annual reconciliations on the agency budgetary and expenditure system, the Comptroller of Public Accounts (CPA) Uniform Statewide Accounting System (USAS), the Legislative Budget Board (LBB) Automated Budget and Evaluation System of Texas (ABEST) application, and the Centralized Accounting and Payroll/Personnel System (CAPPS).
· Assists with budget, expenditure, and position oversight, including developing monitoring tools and conducting quarterly budget meetings.
· Assists with coordinating and preparing the agency’s strategic plan.
· Analyzes and recommends distribution of data into various program budgets.
· Analyzes expenditure patterns.
· Monitors appropriations, program budgets, and cash balances.
· Makes recommendations on the use and distribution of funds, including allocation of indirect program costs and budget evaluation techniques.
· Informs management of budget deviations, problems, and events likely to affect operations; explains causes; and measures and reports effects on agency’s resources.
· Oversees and/or prepares monthly, quarterly, and annual budgetary reports, including periodic and ad-hoc management reports regarding budgetary and fiscal activities for internal use and Board of Trustee reporting.
· Oversees, coordinates, and prepares a variety of technical reports on estimates, costing data, and budget limits; and compiles and analyzes data for the legislative process.
· Oversees and coordinates the reporting of quarterly and annual performance measures.
· Provides guidance to agency management on budgetary processes.
· Serves in back up capacity to the Assistant Director of General Accounting and Budget.
· Participates on finance related agency committees and special projects as needed.
· Aids team members as needed.
· Bachelor’s degree in accounting, finance, or a related business field from an accredited college or university.
· Six (6) years of full-time experience in advanced budget preparation, analysis, and management.
Internal Number: REQ 259
About Teacher Retirement System of Texas
The Teacher Retirement System of Texas is responsible for investing funds under its stewardship and for delivering benefits to members as authorized by the Texas Legislature. TRS is a defined benefit plan, with retirement benefits determined by a pre-established formula. The trust fund is sustained principally by three sources -- contributions by members during their working careers, contributions by the state and investment revenues.
TRS was founded over 80 years ago. With assets at $154 billion, the Trust is the largest public retirement system in Texas in both membership and assets. It is the sixth largest public pension plan in the U.S. and is among the 20th largest in the world. The agency serves more than 1.5 million people. Over 1 million are public and higher education members and over 400,000 are retirement recipients and beneficiaries. As of FY 2017, pension benefits totaling nearly $10 billion were paid to retirees and their beneficiaries.