Budget Analyst

Location: Eldon, TX (77520)

About the role

Responsible for supporting plant financial operations by developing and monitoring budgets, forecasts, and cost reports, while ensuring compliance with safety, environmental, and regulatory standards. Collaborates with cross-functional teams to provide financial insights, manage assets, and drive continuous improvement in business planning and performance.

Responsibilities

• Supports and emphasizes importance of safety and environmental programs and ensures regulatory compliance
• Develops and executes plans to accomplish development, regular updating, and monitoring of the Plant budget and cost forecasts
• Understands current and historical financial data
• Works closely with Business Manager, Engineering, Plant Managers and Project Managers on Routine and Project cost tracking
• Provides appropriate information, recommendations, and guidance to department personnel to obtain the necessary input to support the budget development and monitoring process
• Creates documents, including reports, memos, graphs, charts, tables, etc.
• Reviews and provides input on changes in the original budget development plan
• Identifies cost efficiencies and savings
• Coordinates monthly variance analysis, reviews results, reconciles actual costs with budget/forecasts, summarizes variance explanations/forecasts, and distributes accurate data to Business Manager and Plant Manager with minimal direction
• Prepares journal entries for corporate accounting
• Prepares monthly, quarterly and year-end accruals with precision
• Analyzes financial statements and market trends with minimal direction at the request of department management
• Understands creation/close out of work orders and purchase requisitions in SAP
• Understands business processes and their financial implication/impact to the Plant and Company
• Generates and submits budget exception reports annually
• Ensures all Company resources are utilized in a cost-effective manner, estimates resource requirements, monitors expenditures, and reports on performance of assigned area
• Coordinates with Corporate Accounting on the creation of new assets and retirement of old assets (includes working with Engineering Department on Projects that affect asset tracking)
• Works with Business Manager to track and manage the Plant Asset Inventory Log
• Assists with the development and updating of the Plant Business Plan and 5-year outlook
• Collaborates with Corporate Accounting on taxation reviews
• Demonstrates employee involvement, innovative thinking, adaptation to change, responsible risk taking, customer focus, and continuous improvement
• Ensures development and implementation of assigned area goals, objectives and initiatives
• Promotes productivity and teamwork with open communication, timely decision making, and use of personal leadership skills to set high standards of performance
• Recognizes problems and is proactive in helping to resolve them

Working Conditions

• Normal office environment and/or power plant environment
• Work overtime and non-standard working hours as required
• Occasional travel outside service area
• Requires wearing personal protective safety equipment (respirators, safety glasses, hard hat, appropriate footwear, ear plugs, etc.) in designated areas, when applicable
• Requires standing, sitting, walking, kneeling, twisting, climbing stairs and ladders, and entering plant equipment to access, inspect, or collect data on plant equipment
• Requires operation of a personal computer
• Occasionally requires lifting as appropriate to perform duties and responsibilities

Requirements

• Minimum of Baccalaureate degree in Accounting, Business or related technical discipline from an accredited college or university and 4 years of equivalent experience in a related field
• OR a 2-year degree and 5 years equivalent experience in related field
• OR 8 years equivalent experience in a related field

Skills

• Uses and maintains technical and professional knowledge, shares that knowledge with others, and recognizes/applies new technology in a cost-effective manner
• Obtains and applies knowledge of competitive business practices in daily work activities and decision making
• Seeks and understands the customer/client’s needs and focuses on meeting and exceeding their expectations
• Willingness and ability to work through all obstacles in order to get the job done
• Anticipates and accepts changes in the organization and adapts to meet the new requirements
• Committed to making the workplace safe and environmentally sound
• Willing to accept accountability for own decisions, performance, and behavior
• Strong understanding of SAP and Financial Reporting Tools
• Ability to reconcile financial data with accuracy
• Strong understanding of forecasting
• Basic understanding of the processes, systems, assets, resources, key personnel, and business functions of the facility
• Knowledge of power plant systems and operation
• Comprehensive knowledge in functional area
• Demonstrates the ability to operate effectively in a team environment and be open to change
• Ability to effectively communicate (written and verbal) at all levels of the organization
• Ability to establish and maintain a positive and professional working relationship with all individuals
• Ability to use a personal computer and associated software applications; understands business software systems and their interfaces
• Proficient in Excel and PowerPoint
• Ability to read, create and follow written policies and procedures
• Ability to read, write and understand English
• Demonstrates sound business skills necessary to accomplish assigned tasks
• Ability to perform as a team member or leader in a cross-functional team environment and achieve consensus decisions
• Knowledge of applicable safety and environmental regulations