Budget Analyst

Job Description:

LOCG LLC, headquartered in Seattle, WA., Is a premier federal professional services company, primarily engaged in providing facility support management, staffing and recruitment, information technology, and security services.

Reports to:

This position reports to the Managing Member or his/her designee.

Job Title: Corporate Budget Officer/ Analyst

Job Summary:

As a Budget Analyst, you will be responsible for analyzing financial data, developing budget plans, and monitoring spending to ensure fiscal responsibility and efficiency within the organization. Your role will involve collaborating with various departments to create accurate budgets, conducting financial forecasting, and providing insightful recommendations to support strategic decision-making.

Responsibilities:

Budget Development:

Collaborate with department heads to develop annual budget plans based on organizational goals and priorities.
Analyze historical financial data, revenue projections, and expenditure trends to inform budget allocations.
Ensure budget proposals align with organizational objectives and regulatory requirements.
Assign procurement dates to align with cash flow and operations
Allocated travel and operational expenses to the projects based on budgets

Financial Analysis:

Conduct detailed financial analysis to evaluate budget proposals, identify cost-saving opportunities, and mitigate financial risks.
Monitor spending patterns, variances, and financial performance against budget targets.
Provide timely and accurate financial reports and analyses to stakeholders.

Forecasting and Planning:

Prepare long-term financial forecasts and projections to support strategic planning and decision-making.
Assess the financial impact of proposed initiatives, programs, or investments.
Identify potential budget constraints or funding gaps and recommend solutions.

Budget Monitoring and Compliance:

Monitor budget execution and expenditures to ensure compliance with approved budgets and financial policies.
Identify deviations from budget plans and collaborate with stakeholders to address discrepancies.
Conduct periodic audits and reviews to ensure the accuracy and integrity of financial data.

Financial Reporting:

Prepare regular and ad-hoc financial reports, presentations, and dashboards for management and stakeholders.
Communicate budget status, forecasts, and financial insights effectively to non-financial stakeholders.
Assist in the preparation of financial statements and regulatory reports as required.

Process Improvement:

Identify opportunities to streamline budgeting processes, enhance efficiency, and improve data accuracy.
Implement best practices in budget management, financial analysis, and reporting.

Stakeholder Collaboration:

Collaborate with cross-functional teams, including finance, accounting, and departmental managers, to gather input and ensure alignment of budget plans with organizational objectives.
Provide guidance and support to departmental staff on budget-related matters.

Job Requirements:

Bachelor's degree in Finance, Accounting, Business Administration, or related field.
Proven experience in budget analysis, financial planning, or related roles.
Strong quantitative and analytical skills, with proficiency in financial modeling and data analysis.
Knowledge of budgeting principles, financial regulations, and accounting standards.
Proficiency in financial software and tools (e.g., Excel, ERP systems).
Excellent communication and interpersonal skills.
Ability to prioritize tasks, work under pressure, and meet tight deadlines.
Attention to detail and accuracy in financial analysis and reporting.

Conclusion:

The Budget Analyst role is essential for ensuring financial stability and accountability within the organization. If you possess strong analytical skills, financial acumen, and the ability to collaborate effectively with stakeholders, this role offers an exciting opportunity to contribute to strategic decision-making and organizational success.