Budget Analyst

$80,000 - $85,000/Yr

The Village For Families & Children - Hartford, CT

Full-time - Entry Level

Hartford, CT

Social Assistance

About the position

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.

Responsibilities

• Responsible for grant financial reporting required by funders.
• Forms relationships and gains an understanding of the various departments and program structure in conjunction with their funding streams and/or cost structure.
• Develops the overall agency budget in conjunction with Senior Management and program managers.
• Maintains reports and budgets in applicable budgeting software system.
• Maintains and adjusts personnel allocations.
• Assist departments with preparing operating budgets to support the organization's expense management goals.
• Develops, reviews, and advises programs on budget proposals to ensure appropriate cost coverage based on proposed statement of work and project work plans.
• Update program/project budgets and forecasts in real time based on changing assumptions in revenue, personnel, and other direct project costs.
• Meets with program budget coordinators regularly regarding program activities in order to anticipate budget revisions as applicable.
• Performs budget to actual variance analysis to identify inaccuracies, trends, personnel reclassifications, potential budget shortfalls or cost overruns, and opportunities for surpluses.
• Assists with analysis used for decision-making and recommendations to management and programs.
• Reviews disbursement requests and expense reports to ensure proper cost allocation and allowability of state and federal grant expenditures.
• Prepares department/program budget reports for monthly budget reviews with Senior Management.
• Work closely with Development team to ensure that finance and development revenue amounts are in agreement.
• Work with the Finance team to identify areas or opportunities for improvement.
• Setup new project budget codes as needed.

Requirements

• Bachelor's Degree in Accounting preferred or an Associate's Degree in Accounting required.
• For attained Bachelor's Degree, 5 years' progressive budget experience required; for attained Associate's Degree, 7 years of direct non-profit experience required.
• Understands GAAP and OMB Circulars and Uniform Guidance.
• Advanced Excel skills required.
• Budgetary software experience preferred.
• Non-profit budget experience preferred.
• Must possess a high level of written, verbal communication and interpersonal skills.
• Proven capability to multi-task and prioritize.
• Possesses a high level of organizational skills.
• Possesses a high level of professionalism, leadership, creative problem solving, diplomacy, negotiation and sales skills.
• Ability to manage complex projects and solve problems with minimal supervision.
• Microsoft Office Suite experience.