The Village For Families & Children - Hartford, CT
posted 4 months ago
The Budget Analyst plays a crucial role in preparing, coordinating, and analyzing the budget process for the organization's various departments and programs. This position is responsible for determining the optimal allocation of current resources and forecasting future financial requirements. The Budget Analyst will work closely with senior management and program managers to develop the overall agency budget, ensuring that all financial reporting aligns with the expectations of funders and adheres to the organization's expense management goals. In this role, the Budget Analyst will be tasked with maintaining reports and budgets within the applicable budgeting software system, adjusting personnel allocations as necessary, and assisting departments in preparing their operating budgets. The analyst will also develop, review, and advise on budget proposals to ensure that they adequately cover costs based on the proposed statements of work and project work plans. Regular meetings with program budget coordinators will be essential to anticipate any necessary budget revisions. The Budget Analyst will perform budget-to-actual variance analysis to identify inaccuracies, trends, personnel reclassifications, potential budget shortfalls or cost overruns, and opportunities for surpluses. This analysis will support decision-making and recommendations to management and programs. Additionally, the analyst will review disbursement requests and expense reports to ensure proper cost allocation and compliance with state and federal grant expenditures. Monthly budget reports will be prepared for department and program reviews with senior management, and collaboration with the Development team will be necessary to ensure alignment between finance and development revenue amounts. The analyst will also work with the Finance team to identify areas for improvement and set up new project budget codes as needed.