Budget Analyst (Finance)
BHOM Student Living has an established foundation of experience, resources and partnerships which we acquired over the course of our 37-year history. At BHOM, we understand that great customer service is what keeps residents satisfied, and that great service comes from engaged, happy and well-trained team members. We continue to recognize that we are only as strong as each individual employee and we value our employees by providing a strong benefit package:
- 3 Weeks of Paid Time Off
- Birthday Paid Day Off
- BHOM Gives Back (Paid Volunteer Time Off)
- 13 Company Paid Holidays
- BHOM Paid Leave
- Employee Assistance Program
The budget analyst is responsible for analyzing an organization's financial data and assisting in the preparation, monitoring, and management of budgets. These professionals play an important role in ensuring that organizations allocate their financial resources efficiently, adhere to financial regulations, and achieve their fiscal goals.
Budget Analysts work closely with department heads and operational leadership to develop and monitor budgets, analyze financial data, and provide recommendations for improved financial performance.
Duties and Responsibilities
Budget analysts play a pivotal role in the financial planning and decision-making processes of organizations. Their duties and responsibilities encompass a range of tasks related to budget development, analysis, and management. Here are the key responsibilities of a budget analyst:
- Responsible for communicating with operational leaders and evaluating budget proposals and requests.
- Responsible for preparing and developing budgets based on historical data, revenue projections, and organizational priorities.
- Collaborates with multiple departments to gather budget proposals, analyze community needs, and ensure that budgets align with the owner's goals and objectives.
- Conducts in-depth financial analysis, examining expenditures to identify trends, anomalies, and areas for improvement. Uses statistical techniques and financial modeling to assess the financial impact of different budget scenarios and make recommendations for adjustments.
- Monitors budgets throughout the fiscal year, tracking expenses, revenues, and variances from the budgeted amounts. Identifies discrepancies, investigate reasons for deviations, and provide regular reports to leadership.
- Monitors capital expenses and investigates over and under spend. Works with renovation data auditors to create accurate reporting.
- Engages in financial forecasting, predicting future financial trends based on historical data and economic indicators.
- Generates detailed reports and presentations summarizing budget proposals for approvals annually and budgetary performance monthly. Communicates results to key stakeholders, providing a comprehensive overview of the community's budget status.
- Stays updated on financial regulations and internal guidelines related to budgeting. Ensures that budget proposals and expenditures comply with legal and regulatory requirements, financial standards, and organizational policies.
- Continuously evaluates budgeting processes, tools, and methodologies. Identify opportunities for process improvement, efficiency enhancement, and the implementation of best practices to optimize the budgeting process within the organization.
Skill Requirements:
- BS or 3-5 years of related experience in finance, accounting, or analytics required.
- Advanced analytical and organizational skills
- Strong and effective written and oral communication skills
- Strong attention to detail
- Ability to build appropriate reporting from raw data.
- Strong computer technology skills
- Experience with research, analysis, and project monitoring and reporting.
- Strong Excel skills (intermediate to advanced)
- Ability to work with a diverse group of people in a collaborative environment.
- Ability to handle multiple projects and thrive in a fast-paced environment.
Desired Qualifications/Skills:
- Knowledge of property management operational programs and services
- Knowledge of Yardi
Work Schedule: 8am-5pm, Monday-Friday, or as needed to meet business needs.
BH/B.HOM is an Equal Employment Opportunity Employer. We foster the diverse voices of our community by advocating for inclusivity, celebrating our differences, and continually evolving our practice to make BH/B.HOM a better place to work and live.
