Budget Analyst

Wayne Metropolitan Community Action Agency - Detroit, MI

Full-time - Mid Level

Detroit, MI

Social Assistance

About the position

The Budget Analyst position at Wayne Metropolitan Community Action Agency is a critical role responsible for preparing and managing both programmatic and overall agency budgets. This includes fiscal tracking, forecasting, and ongoing monitoring of allocations to ensure accuracy and compliance with applicable procedures and regulations. The Budget Analyst will play a key role in the decision-making process by making informed recommendations and executing final action steps related to budget management. In this role, the Budget Analyst will plan and implement budget procedures for the agency, which encompasses preparing the annual operating budget and presenting it for Board approval. Continuous monitoring of department revenues and expenditures is essential, as is reviewing and making recommendations on department budgets and grant proposals. The analyst will also track in-kind and match requirements as stipulated by grants and assist in developing multi-year forecast estimates for departmental expenditures and revenues. The position requires leading monthly cross-functional departmental meetings to review budget status and projections, as well as developing expenditure tracking tools for department staff. Ongoing discussions regarding budget monitoring with department staff are also a key responsibility. The Budget Analyst will make recommendations for budget adjustments based on various measures, including cost savings and programmatic changes, and will submit budget amendments to funders for approval as required. Collaboration with accounting staff is crucial for preparing and submitting financial reports required by funders. The analyst will investigate cost discrepancies within program budgets and prepare journal entries for necessary adjustments, contingent upon the approval of the Chief Accounting Officer. Providing technical assistance on cost analysis, fiscal projections, and alternative financing methods is also part of the role. The Budget Analyst will manage overhead costs in line with the approved cost allocation method and perform cost-benefit analyses to provide programmatic recommendations. Staying current on funder policies related to applicable procedures and regulations, including Federal Uniform Guidance, is essential. The Budget Analyst is expected to maintain a positive attitude towards assigned work, clients, and staff, and to perform all duties in a professional manner that upholds Wayne Metro's policies and procedures. Other duties may be assigned as necessary.

Responsibilities

• Prepare and manage programmatic and overall agency budgets.
• Monitor department revenues and expenditures on a continuous basis.
• Review and make recommendations on department budgets and grant proposals.
• Track in-kind and match requirements per stipulations of grants.
• Assist in the development of multi-year forecast estimates for department expenditures and revenues.
• Lead monthly cross-functional departmental meetings to review budget status and projections.
• Develop expenditure tracking tools for use by department staff.
• Engage in ongoing budget monitoring discussions with department staff.
• Make recommendations for budget adjustments based on various measures.
• Submit budget amendments to funders for approval as required.
• Collaborate with accounting staff to prepare and submit financial reports required by funders.
• Investigate cost discrepancies within program budgets and prepare journal entries for adjustments.
• Provide technical assistance on cost analysis, fiscal projections, and alternative financing methods.
• Manage overhead costs in line with approved cost allocation method.
• Compile and analyze accounting records and other data to determine financial resources required for programming.
• Perform cost-benefit analysis to provide programmatic recommendations.
• Remain current on funder policies related to applicable procedures and regulations.
• Maintain a positive attitude towards assigned work, clients, and staff.

Requirements

• Bachelor's degree in Accounting/Finance or a minimum of five years of experience in a related field or a combination of education and experience that is similarly equivalent.
• Four or more years of professional related experience in budgeting or accounting or any equivalent combination of education, experience, and training that provides the required knowledge, skills, and abilities.
• Ability to maintain documentation of work including file maintenance and report development.
• Working knowledge of intermediate internet applications and programs including Google technology and Microsoft Office Word and Excel.
• Ability to communicate effectively both orally and in written form.
• Good interpersonal and professional skills including professional appearance, tact, punctuality, and dependability.
• Ability to provide services for those persons facing economic, social, health, age, and educational barriers.
• Ability to work independently or in a team environment.

Nice-to-haves

• Experience with grant management and compliance.
• Familiarity with Federal Uniform Guidance regulations.