Budget Analyst I – III

Job Description:

GENERAL JOB SUMMARY:

The Budget Analyst supports a variety of accounting functions related to budgeting, forecasting, accounting controls, financial statement preparation, and ensuring the accuracy, timeliness, and correct classification of amounts recorded and reported.

The Budget Analyst I is focused on rate data input, analysis, and reconciliations for forecasting, spending, and overhead rates. The Budget Analyst II is focused on forecasting and spending analysis, forecast model management, overhead rates preparation, and reporting. The Budget Analyst III is focused on management of forecasting models, overhead rate reporting, preparation of financial statements, and audit response.

ESSENTIAL JOB FUNCTIONS:

Budget Analyst I

• Assists in updating data inputs for financial models related to the development of budgets, forecasts, and overhead rates.
• Reconciles major overhead base values (direct labor costs and hours, direct materials, etc.).
• Assists in monitoring actual to forecasted rates.
• Analyzes department spending against plan and monitors the accuracy, timeliness, and correct classification of amounts recorded and reported.
• Supports analysis, reviews, and audits to ensure that the established accounting policies and procedures are adhered to on an ongoing basis.
• Assists in General Ledger accounting and prepares cost reconciliations.

Budget Analyst II

• Assists in updating all financial models related to the development of the annual budget, quarterly forecasts, and annual forecast rate proposals.
• Responsible for updating all financial models related to the development of forecast capital expenditures, fixed assets, depreciation, and related cash flows.
• Supports the development of company overhead rates and assists in monitoring actual to forecasted rates.
• Analyzes department spending against plan and reviews the accuracy, timeliness, and correct classification of amounts recorded and reported, including detailed reviews of capital expenditures and fixed assets.
• Supports analysis, reviews, and audits to ensure that the established accounting policies and procedures are adhered to on an ongoing basis.
• Assists in General Ledger accounting, prepares month end journal entries related to expense adjustments, and performs cost reconciliations.
• Assists in all internal and external financial reporting (monthly, quarterly, and annual reporting).
• Assists in research and response preparation for internal, external, and government audits.

Budget Analyst III

• Supports updating and maintaining all financial models related to the development of the annual budget, quarterly forecasts, and annual forecast rate proposals.
• Assists in the development of forward rate proposals spanning multiple years.
• Responsible for updating all financial models related to the development of forecast labor and related costs, including benefits, payroll taxes, training costs, etc.
• Supports the development of company overhead rates and assists in monitoring actual to forecasted rates.
• Analyzes department spending against plan and ensures the accuracy, timeliness, and correct classification of amounts recorded and reported, including detailed reviews of direct and indirect labor and related costs.
• Supports ensuring that the established accounting policies and procedures are adhered to on an ongoing basis, through assessment, review, and audit.
• Assists in General Ledger accounting, prepares month end journal entries related to labor adjustments, and performs cost reconciliations.
• Assists in all internal and external financial reporting (monthly, quarterly, and annual reporting).
• Assists in research and response preparation for internal, external, and government audits.

Non-Essential Job Duties

• Other duties may be assigned.

SUPERVISORY RESPONSIBILITY:

• None

Experience and Skills:

KNOWLEDGE, SKILLS & ABILITIES:

Required:

• Ability to maintain sensitive and confidential information as required by government standards.
• Ability to interact effectively with peers and supervisors.
• Ability to interact appropriately with the public when necessary.
• Ability to adhere to workplace rules.
• Ability to apply a broad range of accounting principles, practices, and procedures.
• Strong analytical and troubleshooting skills.
• Ability to be self-motivated and work independently.
• Ability to be proactive in recommending and implementing process improvements.
• Attention to detail and accuracy.
• Proficiency with Microsoft Office, with intermediate to advanced Excel skills.

EDUCATION AND EXPERIENCE:

The education and experience listed below apply to and build upon all successive levels of Budget Analyst.

Budget Analyst I

• Bachelor’s Degree in Business, Accounting or Finance.
• Basic understanding of accounting and financial statements.
• Good computer skills in Excel, PowerPoint, and Word.
• 0-1 years managerial accounting experience.

Budget Analyst II

• Minimum of 2 years work experience in managerial or financial accounting.
• Working knowledge and experience with accounting processes, reconciliations, and financial statements.
• Proficiency with Excel, PowerPoint, and Word.

Budget Analyst III

• Minimum of 5 years work experience in managerial or financial accounting.
• Strong working knowledge and experience with accounting processes, reconciliations, financial statements, and forecasting.
• Working knowledge of overhead rates preparation may be required.

WORK ENVIRONMENT/PHYSICAL REQUIREMENTS:

• Office environment
• Ability to stand and sit for long periods of time
• Ability to perform repetitive motion (keyboarding, 10-key, phones)
• Ability to lift up to 25 pounds
• May work extended hours or weekends

TRAVEL REQUIREMENTS:

• 0-5% May be required between KUAS locations.

THE ABOVE STATEMENTS ARE INTENDED TO DESCRIBE THE GENERAL NATURE AND LEVEL OF WORK BEING PERFORMED BY INDIVIDUALS ASSIGNED TO THIS CLASSIFICATION. THEY ARE NOT INTENDED TO BE CONSTRUED AS AN EXHAUSTIVE LIST OF ALL RESPONSIBILITIES, DUTIES AND SKILLS REQUIRED OF PERSONNEL SO CLASSIFIED.

A REVIEW OF THIS CLASSIFICATION HAS EXCLUDED THE MARGINAL FUNCTIONS OF THE CLASSIFICATION THAT ARE INCIDENTAL TO THE PERFORMANCE OF FUNDAMENTAL JOB JUTIES. ALL DUTIES AND RESPONSIBILITIES ARE ESSENTIAL JOB FUNCTIONS AND REQUIREMENTS AND ARE SUBJECT TO POSSIBLE MODIFICATION TO REASONABLY ACCOMMODATE INDIVIDUALS WITH DISABILITIES TO PERFORM THIS JOB PROFICIENTLY. THE REQUIREMENTS LISTED IN THIS DOCUMENT ARE THE MINIMUM LEVELS OF KNOWLEDGE, SKILLS OR ABILITIES
Job Benefits:

• Medical, Dental & Vision Insurance Coverage
• Life/ADD & Short/Long Term Disability Insurance
• 401(k) Savings Plan
• Employee Stock Purchase Plan (ESPP)
• Paid Time-Off (PTO)
• Holidays
• Education Reimbursement

Kratos Defense is an Equal Opportunity Affirmative Action Employer. EOE, Minorities, Females, Vet, Disabled, Sexual Orientation, Gender Identity or any other protected class.
All qualified job seekers are encouraged to apply. Kratos Defense is committed to America's veterans by providing opportunities for them to continue contributing after service to our nation. We also work to provide reasonable accommodations to individuals with disabilities.
EEO Is The Law

Disability Accessibility Accommodation
If you require an accommodation to navigate or apply to our careers site, please send your request to HRAccessibility@kratosdefense.com or call 858-964-2916. Any inquires not related to requesting an accommodation will be discarded.

Pay Transparency
The company will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

Job Applicant Privacy Notice
For applicants in the EU and California residents, please review our privacy notice.

From: Kratos Defense