Budgeting Analyst

A Budgeting, Planning & Performance Analyst is responsible for developing and managing budgets, business plans, creating financial & operational plans, and analyzing performance to ensure the health and efficiency of the organization. This role involves close collaboration with various departments to align strategies with organizational goals.

Key Responsibilities:

1. Budget Development and Management:

o Develop and manage budgets for various departments or projects.

o Draft budget proposals and monitor spending to ensure alignment with financial goals.

o Create financial plans that align with the organization’s strategic objectives.

o Forecast future costs, revenues, and financial outcomes.

2. Performance Monitoring & Analysis:

o Evaluate the financial & operational performance of the organization.

o Compare forecasts with actual results to assess performance.

o Conduct variance analysis to explain discrepancies between budgeted and actual figures.

o Analyze financial data, prepare reports, and make recommendations to improve

efficiency and reduce costs.

o Analyze performance data to measure the effectiveness of strategies and initiatives.

o Conduct regular performance reviews and identify areas for improvement.

o Implement performance measurement systems and create performance metrics.

3. Reporting:

o Prepare regular reports and presentations for senior management and stakeholders.

o Ensure accuracy and compliance with policies and procedures.

o Ensure the data on the ERP system is accurate and updated.

4. Collaboration:

o Work with various departments to support the planning and analysis of process and

results.

o Provide guidance and support on budget-related matters.

5. Cost Management:

o Identify areas for cost savings and process improvements.

o Conduct cost-benefit analyses to support decision-making

Preferred Candidate:

1. Strong analytical and problem-solving skills.
2. Excellent communication and interpersonal abilities.
3. Detail-oriented with a high level of accuracy.
4. Proficient in financial software and Microsoft Excel.
5. Ability to work independently and as part of a team.
6. Strong organizational skills and ability to manage multiple priorities.
7. Experience in financial forecasting and modeling.
8. Proactive approach to identifying and addressing financial issues.
9. Ability to adapt to changing financial environments.
10. Commitment to continuous professional development.