Budget & Policy Analyst IV - Denver

Salary: $96,852.00 - $111,372.00 Annually
Location : Denver, CO
Job Type: Full Time
Job Number:
Department: Department of Transportation
Division: Division of Accounting & Finance
Opening Date: 10/26/2026
Closing Date: 11/9/2026 11:59 PM Mountain
FLSA: Determined by Position
Type of Announcement: This position is open only to Colorado state residents.
Primary Physical Work Address: 2829 W. Howard Pl, Denver, CO 80204
FLSA Status: Exempt; position is not eligible for overtime compensation.
Department Contact Information: Lynn Livingston LynnR.Livingston@state.co.us
Hiring Pay Rate: The 2026 Step Pay Program may increase the salary range for employees with time in the class series.
How To Apply: Please submit an online application for this position at https://www.governmentjobs.com/careers/colorado. Reach out to the Department Contact to apply using a paper application, including any supplemental questions. Failure to submit a complete and timely application may result in the rejection of your application. Applicants are responsible for ensuring that application materials are received by the appropriate Human Resources office before the closing date and time listed.

Description of Job
About the Unit
The Budget & Policy Analyst IV works in the Colorado Department of Transportation's (CDOT's) Office of Financial Management and Budget (OFMB) within the Division of Accounting and Finance (DAF). OFMB is responsible for the overall financial management of CDOT. OFMB forecasts revenue and cash balances; develops and manages the budget for all CDOT organizations, programs and Federal-aid projects; analyzes pending legislation for potential fiscal impacts; develops and submits the legislative budget; helps manage the debt of CDOT and the Enterprises; manages spending authority in the Colorado Operations Resource Engine (CORE); manages the CO State Infrastructure Bank (SIB) Program; provides ad hoc financial analysis and develops the CDOT budgetary forms and procedures. Information developed by OFMB is utilized by the Executive Management Team (EMT), the Transportation Commission (TC), the Governor's Office, the Office of State Planning and Budgeting (OSPB), the Joint Budget Committee (JBC), the Legislative Council, legislative committees, the Federal Highway Administration (FHWA), the Federal Transit Administration (FTA), Local governments, and the general public.

About the Position
The Budget & Policy Analyst IV serves as a Subject Matter Expert/Staff Authority for CDOT's transportation revenue program and provides advanced financial and fiscal analysis to support Department decision-making. The position is responsible for developing, maintaining, and improving the Department's short- and long-term revenue forecasting models, including the annual revenue forecast and monthly cash model, and for analyzing revenue trends, assumptions, and forecast changes. The position develops financial models and scenario analyses to evaluate the fiscal and policy implications of proposed changes to transportation funding, fees, taxes, and other revenue sources and provides analysis and recommendations to Executive Management and other stakeholders.

The position also provides detailed revenue reporting and analysis, including monitoring and reconciling actual revenues to forecasts, evaluating variances, and communicating the financial implications of changes in revenue. During the legislative session, the position performs fiscal analysis of proposed legislation, develops and reviews fiscal note responses, and evaluates potential revenue, expenditure, workload, and other financial impacts to the Department. The position also provides technical support for the development and review of the Department's annual and legislative budget submissions, including analysis of budget requests, revenue assumptions, and other financial information.

Your duties and responsibilities will include, but are not limited to, the following:

Revenue Forecasting and Financial Modeling

• Serve as Subject Matter Expert/Staff Authority on revenue forecasting.
• Develop, maintain, and continuously improve the Department's revenue forecasting models, including the annual revenue forecast, monthly cash model, and long-range revenue models.
• Independently evaluate and update forecast assumptions, methodologies, and model inputs.
• Analyze changes in economic conditions, legislation, and other factors affecting transportation revenues and determine the appropriate modeling approach to produce accurate and reliable revenue forecasts.
• Coordinate with CDOT programs, OFMB staff, and other internal and external stakeholders to gather and validate revenue data and develop forecast assumptions.
• Analyze actual revenues against forecast, reconcile revenue, identify and explain variances and prepare revenue reports and other financial information for Executive leadership, the Transportation Commission, OSPB, JBC, legislative staff, and other stakeholders.
• Independently develop financial models and scenario analyses in response to requests from Executive leadership, CDOT programs, legislative staff, and other stakeholders including evaluating alternative revenue and funding scenarios, modeling the financial impacts of proposed legislation and policy changes, assessing changes to revenue assumptions or funding structures, and communicating the financial implications of various scenarios to decision makers.
• Use the outputs of the short- and long-term revenue models to identify material changes or risks to CDOT's financial position and budget and proactively communicate significant findings and recommendations to OFMB and Executive leadership.
• Provide technical expertise and guidance to other analysts and CDOT staff regarding revenue forecasting methodologies, model assumptions, revenue data, and interpretation of forecast results.

State Transportation Funding

• Serve as a Subject Matter Expert/Staff Authority on State transportation funding.
• Provide detailed information, technical expertise, financial analysis, and policy guidance to Executive Leadership, the Transportation Commission, Legislative Council Staff (LCS), Joint Budget Committee (JBC), Governor's Office of State Planning and Budgeting (OSPB), the State Controller's Office, other state agencies, local governments, and other stakeholders. This includes advising on the constitutionality and statutorily permissible uses of the Highway Users Tax Fund (HUTF), State Highway Fund (SHF), and other State transportation funds, as well as the financial and policy implications of changes to these funding sources.
• Serve as a primary point of contact for internal and external requests for transportation revenue, budget, and financial information.
• Represent CDOT in explaining complex financial, revenue, and budget policy issues, often within tight timeframes.
• Respond to requests for financial modeling, scenario analysis, revenue forecasts, financial reports, and other customized analyses; gather and validate data; develop analytical models and assumptions; perform financial and fiscal analyses and prepare written responses, presentations, tables, and other materials appropriate to the audience.
• Work closely with Executive and Department leadership and subject matter experts across CDOT to gather and analyze information, develop recommendations, and communicate the financial and policy implications of transportation funding decisions.
• Proactively identify and communicate significant revenue, financial, and policy issues to OFMB and Executive leadership and ensure that relevant budget and financial information is accurate, timely, transparent, and accessible to stakeholders in a format appropriate for the intended audience.

Support Legislative and Annual Budget Submissions

• Provide technical revenue and financial analysis in support of the Department's annual and legislative budget submissions to OSPB, the JBC, the Governor, and other stakeholders.
• Provide revenue data, forecasts, financial analysis, and supporting information needed to develop legislative budget requests, including decision items, supplemental requests, budget amendments, and other budget-related submissions.
• Work closely with OFMB staff, Executive Management, program managers, and other Department leadership to identify and resolve revenue-related issues, validate assumptions, and ensure that proposed expenditures and funding requests are supported by available revenues.
• Provide technical support for the Department's annual JBC hearing and other legislative meetings, including preparation of revenue information and responses to hearing questions, legislative inquiries, and other requests for financial information.

Fiscal Analysis

• Analyze legislation for possible fiscal impacts to CDOT.
• Coordinate with Department staff and Executive leadership to provide Legislative Council Staff with comprehensive information on revenue estimates and assumptions.
• May be required to defend the Department's estimates and negotiate solutions on the budget implications of legislation with Legislative Council Staff.

Other duties as assigned,

Work Environment

• Your schedule will primarily be 8:00 am - 5:00 pm work hours, Monday-Friday, but we are flexible to meet your work/life balance needs while ensuring CDOT business needs are met.
• You will likely work a hybrid schedule with a combination of in-office and remote work.
• Work in a politically sensitive environment.

Minimum Qualifications, Substitutions, Conditions of Employment & Appeal Rights
Minimum Qualifications

Experience Only
Must total at least 8 years and include:

• Four (4) years of experience in public administration, accounting, finance, economics, business administration or another field closely related to the Major Job duties
• AND four (4) years of full-time professional work experience where the primary purpose of the position was revenue forecasting, financial modeling, fiscal analysis, budget analysis, budget development and implementation, policy development and implementation, or public or private sector management or administration that included any of the following: revenue forecasting, financial modeling, fiscal analysis, budget analysis, budget development and implementation or policy development and implementation

OR

Education and Experience:

A combination of relevant education and experience equal to at least 8 years

• Education from an accredited college or university in public administration, accounting, finance, economics, business administration or another field of study closely related to the Major Job Duties d will be considered.

Professional work experience where the primary purpose of the position where the primary purpose of the position was revenue forecasting, financial modeling, fiscal analysis, budget analysis, budget development and implementation, policy development and implementation, or public or private sector management or administration that included any of the following: revenue forecasting, financial modeling, fiscal analysis, budget analysis, budget development and implementation or policy development and implementation will be considered.

Substitution
Current, valid licensure as a CPA by the Colorado Board of Accountancy will substitute for four years of education and two years of the required experience (6 years).

Please Note: The required experience must be substantiated within the work experience section of your application. "See Resume" statements on the application or resumes in lieu of a complete application may not be accepted. Additional information submitted after the closing date of this announcement will not be considered in the review of your application. In addition, part-time work will be prorated.

College Transcripts: If you are using education to qualify, a legible copy of your official or unofficial college transcript(s) or an official foreign credential evaluation report must be submitted with your application. Transcripts must show the name of the school, completed credit hours, and (if applicable) that a degree was conferred. Transcrip