Agency Budget Analyst I-III

About the Role

Provide business planning and risk support to designated management groups for a broad range of financial and business issues with a moderate level of independence. Respond to budgetary and financial challenges while being proactive to addressing business needs. Partners with Project Controls, Finance, and Project Management to review, challenge, and validate project financial performance, while maintaining independence from day-to-day project execution.

Ideal Candidate

An ideal candidate for this position would possess:

• Strong technical accounting expertise, with a deep understanding of complex cost accounting methodologies and the ability to apply these principles to real-world business scenarios.
• A strong background with financial analysis and control of activities in support of corporate programs such as staffing, benefits, allocations, budget change management, forecasting, and cost trends.
• Substantial experience working with advanced Excel functionality, including the ability to manage large datasets, create complex financial models, and analyze variances effectively.
• Proficiency in WorkDay Financials and Adaptive Planning software (desired).
• Experience with project management (a plus).
• Excellent communication skills, both written and verbal, enabling clear presentation of complex financial information to diverse audiences.
• Detail-oriented approach ensuring all financial reporting is accurate, thorough, and aligns with industry standards, GAAP, and contractual requirements.
• Ability to independently develop, coordinate, and execute business and financial controls, particularly in budget development and monitoring, while proactively identifying and addressing risks.
• Strong analytical and problem-solving skills to analyze cost performance, recommend corrective actions, and ensure sound business and financial practices.
• Collaborative mindset crucial for success across the organization.

Responsibilities

• Support Corporate budget development and budget change management, staffing control and reporting, and senior management financial reporting.
• Perform independent review and challenge of project Latest Revised Estimates (LREs), with a focus on fiscal year-end projections.
• Evaluate reasonableness of cost forecasts, assumptions, and trends and provide recommendations to improve forecast accuracy and transparency.
• Develop and monitor organizational cost performance vs. budget by analyzing variances and cost trends, and developing recommendations for corrective actions.
• Provide monthly financial summaries to supported managers and projects.
• Ensure key risks related to these activities have been identified and compensating internal controls are in place and institutionalized.
• Create reports for internal teams and/or external clients using graphs, infographics, and other methods to visualize data.
• Understand and apply the Change Management process.
• Proactively collaborate within the department and with external customers.
• Perform special assignments using knowledge gained through experience and education.
• Conduct benchmarking studies for business-related issues.
• Participate on the Emergency Response team (ERO) when designated.

Requirements

Education and experience requirements vary by level:

• Business Financial Planning and Risk Analyst III:
  • Bachelor’s degree (preferably in Accounting) and 7 years of industrial-level financial/accounting/budgeting experience, or
  • AA degree and 9 years of experience, or
  • High school diploma or GED and 11 years of experience.
• Business Financial Planning and Risk Analyst II:
  • Bachelor’s degree (preferably in Accounting) and 6 years of industrial-level financial/accounting/budgeting experience, or
  • AA degree and 8 years of experience, or
  • High school diploma or GED and 10 years of experience.
• Business Financial Planning and Risk Analyst I:
  • Bachelor’s degree (preferably in Accounting) and 3 years of industrial-level financial/accounting/budgeting experience, or
  • AA degree and 5 years of experience, or
  • High school diploma or GED and 7 years of experience.

All experience should preferably be within a large company or profit center.

Pay

• Business Financial Planning and Risk Analyst III: $109,870 – $164,806 (Midpoint: $137,338)
• Business Financial Planning and Risk Analyst II: $95,532 – $143,298 (Midpoint: $119,415)
• Business Financial Planning and Risk Analyst I: $83,125 – $124,687 (Midpoint: $103,906)

Typically, selected candidates are hired between the minimum and midpoint of the range, based on applicable experience and qualifications, market rate, internal equity, and budgetary allowances. Offers may include incentive compensation negotiated based on qualifications. This role may be eligible to participate in the annual incentive plan, with incentives earned based on employee performance against defined metrics and company goals.

Benefits

• Substantial retirement benefits through three programs: Washington State Public Employees' Retirement System pension plan (PERS), a 401(k) savings plan with employer match, and a 457(b) savings plan.
• Multiple options for medical, dental, vision, disability, and life insurance coverage.
• Voluntary benefits including flexible spending accounts (FSAs), tuition reimbursement, student loan repayment, childcare subsidies, health reimbursement arrangement (HRA VEBA), health savings account (HSA), supplemental life insurances, and credit monitoring/identity theft insurance.
• Personal time accrual starting at 160 hours per year, with accruals increasing at various service intervals.
• Nine paid holidays per calendar year.

Washington State has no state income tax, and the Tri-Cities area offers a cost-of-living lower than the national average.