Financial Analyst - Budgeting

Insight Global - Philadelphia, PA

Full-time

Philadelphia, PA

Administrative and Support Services

About the position

The Legal Budget Analyst will support the Innovation and Value Department of an AM 100 law firm by creating, tracking, and reporting on alternative fee arrangements and matter budgets. This role involves collaboration with attorneys and clients to ensure budgets align with firm expectations, providing recommendations for any deviations, and supporting the firm's matter management tools.

Responsibilities

• Collaborate with the value team and attorneys to draft and submit budget proposals; track actual project costs against budget and proactively flag budget variances to the lead lawyer.
• Track legal budgets including actions, timelines, deliverables, assumptions, and escalate activities when there are changes in scope or status.
• Provide options for resolution and course correction on matters that diverge from initial expectations.
• Define requirements and develop custom budget reporting with attorneys and clients.
• Prepare and manage financial and client status reports as required.
• Automate the firm's legal project management workflow and task/phase code groupings, including creating dashboards for matter budgets and status reports.
• Assist in developing best practices, tools, budget templates, and reference materials across the firm's client portfolio.
• Support effective communication strategies on projects/matters to foster collaboration between project workstreams.
• Support post-project review and recommend process improvements as appropriate.
• Build relationships and foster a collaborative approach when working with clients and across all departments.

Requirements

• Minimum 2 years of experience in budgeting at a law firm.
• Experience in using data visualization tools (e.g., Tableau or Power BI).
• Strong technical skills, including advanced Excel skills (vertical and horizontal lookups, macros, pivot tables, and modeling).
• High level of proficiency in Word and PowerPoint required.
• Bachelor's degree in accounting, finance, management, or other related business function.

Nice-to-haves

• Client facing experience is a plus.