Budget Analyst

About the role

WoodmenLife is looking to hire a Budget Analyst to join our team! This position has a hybrid 4/1 schedule (with more flexibility after training).

Responsibilities

• Act as the primary FP&A partner to assigned business leaders, supporting them in setting, monitoring, and managing operating budgets.
• Develop a strong understanding of key expense drivers, including: Staffing and organizational design, Vendor relationships, Technology and systems, Strategic and operational initiatives.
• Provide insight and constructive challenge on: Cost trends and emerging risks, Budget variances and root causes, Opportunities for efficiency or reinvestment, Identify, quantify, and track expense management initiatives against established targets.
• Serve as the primary FP&A point of contact for assigned business areas, supporting annual budgeting, rolling forecasts, and the development of 3- to 5-year financial and expense plans within a mid-sized life and annuity insurance company.
• Support the annual budgeting process by coordinating inputs from business leaders and ensuring alignment with enterprise financial goals.
• Prepare rolling forecasts and expense outlooks, incorporating: Emerging trends, Business decisions, Changes in assumptions.
• Analyze actual results versus budget and forecast, clearly explaining drivers and implications to business partners.
• Assist in the development of multi-year expense plans aligned with strategic objectives and growth expectations.
• Partner with FP&A leadership, actuarial, and accounting teams to support the development of a 3- to 5-year financial plan, including: Expense trajectories, Profitability considerations, Capital and scale implications, Identify and model key financial levers affecting long-term performance, such as: Scale and growth, Productivity and efficiency, Expense mix, Business and assumption sensitivity.
• Develop clear, decision-oriented analyses that help leaders understand the financial implications of strategic and operational decisions.
• Support scenario and sensitivity analysis related to: Expense levels, Organizational changes, Strategic initiatives.
• Contribute to executive-level materials summarizing: Expense performance, Key risks and opportunities, Forward-looking insights.

Requirements

This job requires a background that demonstrates the following minimum knowledge, skills, talents and traits:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field (advanced degree preferred)
• 5–8+ years of experience in financial planning, analysis, budgeting, or related finance roles
• Demonstrated experience partnering directly with business leaders on budgeting and decision support
• Strong analytical, communication, and influencing skills
• Experience in insurance or financial services environments preferred, particularly life and annuity businesses

Qualifications

• Desired Qualifications: Experience in insurance or financial services, particularly within a regulated environment. Knowledge of statutory accounting, risk-based capital, and asset/liability management concepts. Demonstrated ability to learn quickly and apply critical thinking strategies. Commitment to the following competencies: Business partnership and relationship management, Expense management and cost-driver analysis, Long-range financial thinking, Ability to translate complex financial concepts into clear, actionable insights, Intellectual curiosity and willingness to challenge assumptions constructively

Benefits

Serving as the primary FP&A point of contact for assigned business areas, the position supports annual budgeting, rolling forecasts, and the development of 3- to 5-year financial and expense plans within a mid-sized life and annuity insurance company. WoodmenLife is one of the best places to work in Omaha, with more than 135 years of service rooted in purpose and community. Since 1890, WoodmenLife has been dedicated to helping hardworking Americans secure their families' financial futures and leave a lasting legacy. As a purpose-driven, not-for-profit life insurance company, our commitment is to our members and the communities they call home. As a member of the WoodmenLife family, you'll join others who share a commitment to family, community, and country. We offer a comprehensive benefits package including health, dental, vision, 401(k), life insurance, and more.

Pay

We are offering a competitive salary and benefits package.

Schedule

The position has a hybrid 4/1 schedule (with more flexibility after training).