Budget Analyst/Senior Budget Analyst

AIPSO; Johnston (RI); On-site; USD 54,000 - 104,000; Full time

Job summary

AIPSO is seeking a Budget Analyst/Senior Budget Analyst to join our Johnston, RI team. This role focuses on budgeting, variance analysis, and reporting for home and regional offices in a financial services context.

The ideal candidate has 1–3 years in accounting, strong Excel skills, and experience with budgeting systems such as MAS 500. Bachelor’s in Accounting preferred; insurance industry exposure is a plus.

Qualifications

• Bachelor's degree in Accounting preferred; experience may substitute for degree.
• 1-3 years in accounting field with knowledge of accounting principles.
• Experience with budgeting, payroll tax calculations, and variance analysis.

Responsibilities

• Prepare journal entries for Budget Variance reporting and Regional Executive Summaries.
• Develop and prepare exhibits for the Budget Work Package and central budget calculations.
• Calculate payroll tax percentages for Home Office and Regions; input into budget system.
• Review Home Office and Regional Office budgets and reprojections for reasonableness and variances.
• Test LAN Budget System and reconcile data to MAS 500 after upload.
• Enter budget adjustments into budget and MAS 500; print department and summary reports.
• Process monthly Services Rendered invoices and ensure accuracy; distribute invoices.
• Research variances and prepare exhibits and narratives for Operations Committee and Board Books.

Skills

Microsoft Excel

Accounting Principles

Analytical Thinking

Communication Skills

Teamwork

Customer Service

Attention to Detail

Problem Solving

Education

Bachelor's degree in Accounting

Tools

Microsoft Office

MAS 500 System

ERP/Budget Software

Job description

Budget Analyst/Senior Budget Analyst (Johnston, RI)

AIPSO is a management organization and service provider for various insurance industry groups responsible for administering the residual market. We are a national organization that serves local customer needs. Centralization and standardization are key to many AIPSO services because of the inherent economies of scale and other efficiencies. However, our organization is based on customer focus and recognizes the need for flexibility in serving customer groups with diverse interests.

Essential Duties & Responsibilities:

• Prepare journal entries in preparation for Budget Variance reporting and Regional Executive Summaries.
• Annually, develop and prepare exhibits and reports for the Budget Work Package. These exhibits include the calculation of central processor budgets and electronic binding rate calculations.
• Calculate payroll tax percentages for the Home Office and Regional Offices, input the percentages into the budget system.
• Annually, review Home Office and Regional Office budgets and reprojections. Analyze for reasonableness and significant variances. Prepare budget review questions for these variances.
• Test the annual LAN Budget System and reconcile the budget system data to the MAS 500 system after the data has been uploaded.
• Key budget adjustments for the Home and Regional Offices into the budget system and the MAS 500 System. Print department, state and summary budget reports.
• Run the monthly Services Rendered invoices interface, review invoices for reasonableness and make adjustments as necessary. Distribute the services rendered invoices.
• Research variances, provide explanations, and prepare exhibits and narratives for the Operations Committee and Board Books.

Education:

Bachelor's degree (BA/BS) from an accredited college or university majoring in Accounting preferred. Additional appropriate experience may be considered in lieu of a degree.

Experience:

1-3 years of extensive, in-depth knowledge of the accounting field. Knowledge of accounting principles and the ability to determine course of action based on these principles. Some exposure to the insurance industry preferred.

Skills & Knowledge:

• Proficient in the use of Microsoft Office productivity tools (e.g. Outlook, Word, Excel) to manage work. Advanced skills using MS Excel.
• Effective problem-solving skills, including ability to analyze issues, find the root cause of the problem, and consider a wide range of alternatives before acting.
• Demonstrate strong verbal and written communication skills, including ability to effectively present information and respond to questions from groups or individuals.
• Ability to multi-task and demonstrate flexibility while maintaining attention to detail.
• Demonstrate excellent organizational skills.
• Ability to work independently and interact professionally and effectively in a team environment.
• Demonstrate excellent customer service skills by being able to follow directions and interpret customer needs.
• Knowledge of complex accounting software applications.
• Exposure to insurance industry and working knowledge of residual market mechanisms.

Salary Range

$54,400 - $86,800/$65,000 - $103,800 Annual . A ctual salary for this position will be determined by a number of factors, including the scope, complexity, and location of the role as well as the cost of labor in the market; the skills, education, training, credentials, and experience of the candidate; internal equity and other conditions of employment.

AIPSO is an equal opportunity employer. To this end, all employment related decisions are made on a non-discriminatory basis and in full compliance with federal, state, and local laws prohibiting discrimination in employment.

This is a non-management position
This is a full time position