Budget Analyst

Pay Grade

Paygrade 13*
Deadline to Apply: June 16, 2025, at 11:59 p.m. CST
*Qualifications may warrant placement at a different job level

Position Summary

Partners with business units and operational areas to develop, manage, and monitor budgets, ensuring alignment with strategic goals and financial targets. Tracks actual expenditures against budget, preparing and presenting monthly financial reports to leadership, and maintaining up-to-date financial forecasts throughout the fiscal year. Assists with accounting close on a monthly basis to ensure company financials are accurately stated and reflect monthly activities. Collaborates with other team members to ensure financial alignment across business units and operational areas.

Tasks and Responsibilities

• Collaborates with business unit leaders to develop Operations & Maintenance (O&M) and Capital annual budgets and ensure accurate financial planning.
• Provides guidance on budgeting processes and financial best practices.
• Prepares quarterly forecasts (Latest Estimates) to project fiscal year expenditures based on actuals, historical trends and updated assumptions.
• Analyzes trends and business inputs to refine projections.
• Monitors and analyzes actual spending versus budgeted amounts.
• Investigates and explains variances and provides actionable insights to stakeholders.
• Prepares detailed monthly financial reports summarizing performance, trends, and projections.
• Presents finds and recommendations to department leadership and senior management both internally and externally.
• Performs both O&M and Capital reclassifications as necessary to ensure financial accuracy.
• Manages monthly accrual processes to reflect earned but unpaid expenses appropriately.
• Conducts on-site visits to understand departmental operations and align financial planning with actual business activities.
• Develops alternative solutions for decision-making which support organizational goals/objectives and budget constraints.
• Builds strong partnerships with internal and external stakeholders to support sound financial decision-making.
• Communicates, both in writing and verbally, to all levels of CPS Energy and external parties on theory and concepts that impact the organization.
• Identifies opportunities for improving budgeting and forecasting processes.
• Performs analyses supporting the monthly financial forecast, and assists with the development and tracking of gap closing measures as needed to meet organizational financial and operational targets.
• Develops and conducts training classes when necessary.
• Provides a high degree of service to CPS Energy internal customers by responding to financial and operating questions.
• Performs other project and process improvement initiatives as assigned.
• May include limited supervisory responsibilities.

Minimum Skills

Minimum Knowledge and Abilities

Preferred Qualifications

• Master’s degree or relevant Certification.
• Extensive experience as an accountant/analyst or in a related field.
• Extensive knowledge and experience in Microsoft Excel.
• Proficient in SAP, PeopleSoft, or Hyperion.
• Relative experience in supporting the electric or gas utility industry.

Competencies

Minimum Education

Required Certifications

Working Environment

Physical Demands