BUDGET ANALYST

Apply principles of finance and accounting to conduct studies, which will provide detailed cost information not supplied, by the general budgeting system of the employer. The person will specialize in navigating managerial decisions, stabilizing budgets and standards, assessing operational efficiency and the effectiveness of production and service management and identifying accountability for profit variance.
Provide a forecast for projects to be undertaken based on past and present financial performances by taking into account factors such as the cost of manufacture, labor, transport, overheads and the like.
Design and implement effective management information and control systems; plan costing systems and methods, investment analysis, project management, cost audit, pricing planning; collect data to determine cost of business activity and translating them in such a way as to guide the core management into making the right decisions.
Monitor company performance variances to stated quotas and standards. Analyze data obtained to ensure that the company is operating effectively and efficiently. Analyze changes in insurance product trends, new insurance policies, and new services provided to determine effects on costs. Compile cost information to be used in operating budget preparation and make cost estimates of new and proposed projects or service costs.
Analyze costs of each expansion and marketing project before it starts to assist the management with decision making, policy formulation and other managerial functions; analyze financial information and select the plans that afford maximum probability of profit and effectiveness in relation to cost or risk.