Director, Economic Forecasting and Tax Policy Analysis

Recruitment #042617-MFDZ06-250100

Summary Statement

Report to the Deputy Secretary of Finance.  Direct the development of estimates & analysis of the State's general fund revenues & disbursements for the current & subsequent fiscal years & oversee econometric & simulation models.  Partake in adapting & implementing statewide fiscal management policies & procedures; Design policy & finance alternatives for use in the development of the Governor’s legislative & tax agenda. Participate in interagency fiscal policy development & provide economic data, policy, budgetary & capital funding assessments to user & interest groups.

Essential Functions

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.

  • Directs the in-depth research and analysis of the national and state economies and the determination of the resulting impact on state revenues.
     
  • Serves as the Department’s primary contact with DEFAC committee members.
     
  • Supervision is exercised over at least two or more merit full time positions per the merit rules. The elements of supervision include planning, assigning, reviewing, evaluating, coaching, training, recommending hire/fire and discipline.
     
  • Oversees the preparation of long-range forecasts, trend analysis and determination of the potential impact on state revenues.
     
  • Oversees the analysis and development of estimates of general fund revenues and expenditures for current and subsequent fiscal years.
     
  • Participates in expenditure forecasting for the State; monitors cash flow and advises the Secretary of Finance and OMB Director on year-end cash balances. 
     
  • Directs the development and application of complex computer simulations models based on state of the art technology as applied to economic principles, econometric modeling and analysis of micro and macro-economic data and tax and revenue policy.
     
  • Participates in presentations to bond rating agencies, contributes to the development of the preliminary official statement and participates in due-diligence calls with underwriters and legal counsel.
     
  • Analyzes and interprets proposed state and federal tax policies and associated legislation to determine impact on present tax laws and current/projected revenues.
     
  • Oversees the analysis of state and federal legislation and the determination of fiscal and organizational impact on existing or proposed state programs.
     
  • Makes recommendations for changes in tax policy and drafts enabling legislation for submission to the Secretary of Finance, Governor and Chairpersons of the JFC and other financial and economic development oriented committees in the General Assembly.
     
  • Develops, oversees and may participate in special studies and projects as requested by the Secretary of Finance, General Assembly, or Governor.
     
  • Submits financial studies to Governor and Secretary of Finance and delivers forecasting reports to Delaware Economic and Financial Advisory Council.
     
  • Oversees and directs the monitoring of the expenditures of the State in comparison with general fund predictions and actual revenues; makes recommendations for any corrective action which may be needed.
     
  • Directs and provides quality control reviews and data analysis for the Division of Revenue.

Job Requirements

JOB REQUIREMENTS for Director, Economic Forecasting and Tax Policy Analysis
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

  1. Possession of a Masters degree or higher in Public Administration, Economics, Business Management, Accounting, Finance or Public Policy or related field.
  2. Three years experience in public finance which includes analyzing government revenue and expenditures and their policy implications for the management of state debt, pensions, and other long-term obligations and investments, public trusts and investments, budgets and taxation; evaluating economic impact, making projections and recommending public policies.
  3. Three years experience in tax policy analysis which includes the evaluation of individual personal, business and excise taxes as well as assessments of revenue portfolios in their entirety.
  4. Three years 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.
  5. Three years experience in computer modeling for analysis, simulation, and forecasting.
  6. Three years experience in presenting economic and financial analyses to committees or groups; or providing testimony before committees.
  7. Six months experience in staff supervision which includes planning, assigning, reviewing, and evaluating the work of others.

Conditions of Hire

Criminal background check: A satisfactory criminal background check is required as a condition of hire.  The recruiting agency may require the applicant to pay for the criminal background check as part of the conditional offer of hire.

Benefits

To learn more about the comprehensive benefit package please visit our website at http://ben.omb.delaware.gov/

Selection Process

The application and supplemental questionnaire are evaluated based upon a rating of your education, training and experience as they relate to the job requirements of the position.  It is essential that you provide complete and accurate information on your application and the supplemental questionnaire to include dates of employment, job title and job duties.  For education and training, list name of educational provider, training course titles and summary of course content.   Narrative information supplied in response to the questions must be supported by the information supplied on the application including your employment, education and training history as it relates to the job requirements.

Once you have submitted your application on-line, all future correspondence related to your application will be sent via email.  Please keep your contact information current.  You may also view all correspondence sent to you by the State of Delaware in the “My Applications” tab at www.delawarestatejobs.com.

Accommodations

Accommodations are available for applicants with disabilities in all phases of the application and employment process.  To request an auxiliary aid or service please call (302) 739-5458. TDD users should call the Delaware Relay Service Number 1-800-232-5460 for assistance.  The State of Delaware – An Equal Opportunity and Affirmative Action Employer.