A Budgeting, Planning & Performance Analyst is responsible for developing and managing budgets, business plans, creating financial & operational plans, and analyzing performance to ensure the health and efficiency of the organization. This role involves close collaboration with various departments to align strategies with organizational goals.
Key Responsibilities:
1. Budget Development and Management:
o Develop and manage budgets for various departments or projects.
o Draft budget proposals and monitor spending to ensure alignment with financial goals.
o Create financial plans that align with the organization’s strategic objectives.
o Forecast future costs, revenues, and financial outcomes.
2. Performance Monitoring & Analysis:
o Evaluate the financial & operational performance of the organization.
o Compare forecasts with actual results to assess performance.
o Conduct variance analysis to explain discrepancies between budgeted and actual figures.
o Analyze financial data, prepare reports, and make recommendations to improve
efficiency and reduce costs.
o Analyze performance data to measure the effectiveness of strategies and initiatives.
o Conduct regular performance reviews and identify areas for improvement.
o Implement performance measurement systems and create performance metrics.
3. Reporting:
o Prepare regular reports and presentations for senior management and stakeholders.
o Ensure accuracy and compliance with policies and procedures.
o Ensure the data on the ERP system is accurate and updated.
4. Collaboration:
o Work with various departments to support the planning and analysis of process and
results.
o Provide guidance and support on budget-related matters.
5. Cost Management:
o Identify areas for cost savings and process improvements.
o Conduct cost-benefit analyses to support decision-making
Preferred Candidate:
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- Detail-oriented with a high level of accuracy.
- Proficient in financial software and Microsoft Excel.
- Ability to work independently and as part of a team.
- Strong organizational skills and ability to manage multiple priorities.
- Experience in financial forecasting and modeling.
- Proactive approach to identifying and addressing financial issues.
- Ability to adapt to changing financial environments.
- Commitment to continuous professional development.
Skills
- Proficiency in budgeting and financial analysis software.
- Strong knowledge of accounting principles and practices.
- Advanced Excel skills, including pivot tables and VLOOKUP.
- Excellent report writing and presentation skills.
- Ability to interpret complex financial data and make recommendations.
- Strong attention to detail and accuracy in financial reporting.
- Effective time management and organizational skills.
- Knowledge of regulatory requirements related to budgeting.