Budget Analyst

Location: Santa Fe, NM

Employment Type: Full-Time, Exempt

Salary Range: $80,000 – $110,000, commensurate with experience

To Apply: Email a cover letter and resume to NMSIC HR Manager Kevin Dominguez at Jobs.gov

The New Mexico State Investment Council (NMSIC) is the second-largest sovereign wealth fund organization in the country in terms of total assets under management, yet we operate with a relatively small and collaborative team of about 30 professionals. Our core mission is to generate the highest risk-adjusted returns for the state and our beneficiaries. NMSIC provides more than one-quarter of all funding for K–12 education and over half of all early childhood program funding in New Mexico.

State economists project that by 2039, NMSIC will become the single largest source of revenue for the state. We are also committed to making strategic investments within New Mexico to achieve both strong financial returns and meaningful economic impact. Our team is passionate about uplifting the lives of New Mexico residents through thoughtful, long-term investment.

The New Mexico State Investment Council (NMSIC) is seeking a highly organized and detail-oriented Budget Analyst to support financial planning, reporting, and operations. The Budget Analyst plays a key role in helping NMSIC manage its agency-level budget, evaluate resource allocation, and ensure financial accountability across operational areas.

Working closely with leadership, investment teams, and administrative staff, the Budget Analyst will lead efforts in forecasting, monitoring expenditures, and preparing reports for internal use, legislative review, and oversight bodies. This position is ideal for professionals with a background in finance, accounting, or public budgeting who want to make a meaningful contribution to a mission-driven public investment organization.

• Prepare, analyze, and monitor the agency’s annual operating budget and multiyear financial plans.
• Track expenditures and assist in forecasting to ensure alignment with approved budgetary allocations.
• Prepare internal and external budget reports, including variance analysis, fund balance tracking, and cash flow projections.
• Collaborate with agency leadership and operational units on financial planning and scenario modeling.
• Support financial audits and reporting to external stakeholders, including legislative and oversight agencies.
• Maintain and enhance internal budget tracking tools and documentation.
• Assist with contract and procurement tracking as it relates to budget planning and control.
• Support payroll and benefit cost projections and related HR budget planning.
• Participate in cost-benefit analyses and evaluate budget implications of proposed policy or operational changes.
• Ensure compliance with applicable state and agency financial policies and procedures.
• Perform other duties and contribute to special projects as assigned.

• Bachelor’s degree in Accounting, Finance, Business Administration, Public Administration, or a related field
• Strong quantitative and analytical skills with high attention to detail.
• Proficiency in Microsoft Excel and other Microsoft Office applications.
• Ability to present complex financial information clearly and concisely.
• Excellent organizational and time management skills.
• Strong interpersonal and written communication skills.
• Ability to work independently and collaboratively in a professional environment.
• Experience handling confidential information with discretion.

• Experience (including internships) in public budgeting, financial reporting, or accounting.
• Familiarity with state government budget processes, rules, or fiscal policy.
• Understanding of fund accounting and government financial principles.
• Experience with financial systems, enterprise resource planning (ERP) tools, or budget software.
• Certifications such as CPA, CGFM, or progression toward relevant credentials.
• Adaptability in a mission-driven, fast-paced environment.
• Professionalism, discretion, and commitment to high ethical standards.
• Alignment with the mission of the New Mexico State Investment Council.