Capital Budget Analyst

Berklee College of Music; United States; Remote; USD 50,000 - 90,000; Full time

Job summary

An esteemed institution in the arts is seeking a Capital Budget Analyst to play a crucial role in managing its capital budget cycle. This position involves validating funding sources, conducting variance analysis, and collaborating with various departments to ensure effective budget management. The ideal candidate will have a strong background in finance and accounting, excellent analytical skills, and a passion for fostering a diverse and inclusive environment. Join a vibrant community dedicated to nurturing the creative potential of artists and contribute to impactful financial decision-making.

Qualifications

• 3-5 years of relevant professional experience in finance or accounting.
• Strong knowledge of accounting principles and financial data analysis.

Responsibilities

• Develop and manage Berklee’s capital budget cycle and forecasts.
• Collaborate with departments to analyze and report on budget performance.

Skills

Financial Analysis

Budget Management

Microsoft Excel

Communication Skills

Problem Solving

Education

Bachelor’s Degree in Finance, Accounting, or Business Administration

Advanced Degree or Equivalent Experience

Tools

Workday

Adaptive Insights

Job description

Berklee is the preeminent institute of contemporary music and the performing arts, offering undergraduate and graduate degree programs. Dedicated to nurturing the creative and career potential of the world’s most inspired artists, Berklee’s commitment to arts education is reflected in the work of its students, faculty, and alumni—hundreds of whom have been recognized with Grammy, Tony, Oscar, and Emmy Awards.

At Berklee College of Music and Boston Conservatory at Berklee, students explore interdisciplinary approaches to music, dance, theater, film, business, healthcare, education, technology, and more. Our goal is to forge new connections among art forms, musical traditions, and technologies to build a dynamic, diverse, and collaborative global arts community. Learn more at berklee.edu.

The Capital Budget Analyst (“Analyst”) is an integral member of the Budget Department in the developing and managing of Berklee’s capital budget cycle. Validate that appropriate sources of funding are identified and applied for capital and related non-capital projects. Partner with Cost Center Managers across the institution identifying short-term and long-term capital needs. Conduct ongoing variance analysis, depreciation and interest expense projections, including reporting and analysis of Berklee’s performance against budget. Reporting to the Associate Director for Budget and Financial Planning (“Associate Director”), and collaborating closely with the Senior Director for Budget and Financial Planning (“Director”), the Analyst is responsible for maintaining the College’s annual capital budget, depreciation, leasing, and bond interests, monthly forecasts, long-term financial models, and any decision support or other special projects as needed to inform senior leadership and ensure prudent stewardship of resources. Partner with Real Estate and Facilities departments to assist in budget development, maintenance, and analysis.

Responsibilities:

1. Annual Budget – Contribute to the development of Berklee’s operating and capital budgets, as well as multi-year financial plans through systems set-up and maintenance, provision of end-user support, development of analytic, review, and presentation materials, and line-item capital budget development. Collaborate with the Associate Director in developing consolidated budgets and analysis to support decision-making aligned with strategic objectives.
2. Reporting, Forecasting & Analysis – Conduct ongoing review, analysis, and development of capital budgets, depreciation, leasing, and bond interest forecasts. Monitor performance against budget objectives, analyze variances, forecast results, and recommend corrective actions. Collaborate with the Accounting team to ensure accurate, automated, and timely financial and managerial reports. Prepare analyses of capital plans and projects, including real estate and facilities financial performance, to inform leadership and budget managers. Develop new techniques for financial analysis as needed, leveraging report-writing tools.
3. Systems & Processes – Serve as the primary SME in Capital Budget reconciliations, reporting, and maintenance to ensure data integrity of Adaptive Planning & Workday Capital Budget models. Liaise with the Accounting team to maintain data accuracy, perform analysis and reconciliation, execute approved budget adjustments, and develop procedural documentation. Continuously evaluate policies and procedures for best practices.
4. Customer Service & Support – Act as the primary resource for capital budget managers, assisting in budget development and analysis. Educate and train users on relevant systems and processes. Support the annual budget cycle through group and individual training sessions.

Knowledge and Skills Required:

• Bachelor’s Degree required; advanced degree or equivalent experience in Finance, Accounting, or Business Administration preferred.
• Proficiency in property, plant, and fixed asset accounting and budgeting.
• Experience tracking and monitoring capital project budgets, ensuring adequate funding.
• 3-5 years of relevant professional experience, with strong knowledge of accounting and financial principles, and ability to analyze and communicate financial data.
• High proficiency in Microsoft Office, especially Excel; familiarity with Workday and Adaptive Insights is a plus. Ability to forecast with limited data and evolving assumptions.
• Discretion, judgment, and diplomacy in handling sensitive data. Creative problem-solving and process improvement skills.
• Collaborative working style with strong relationship-building skills across diverse teams and individuals.
• Focus on process improvement, leveraging technology for automation and enhancement.
• Excellent communication, presentation, organizational, and multi-tasking skills. Ability to work under pressure with a positive attitude.

This document does not create an employment contract, implied or otherwise, other than an “at will” employment relationship.

Diversity, Equity, Inclusion & Equal Employment Opportunity at Berklee:

We support an inclusive workplace where everyone excels based on personal merit, qualifications, experience, ability, and job performance. Berklee affirms that inequality is detrimental to our community and is committed to fair and equitable treatment of all employees and applicants regardless of protected categories. We provide reasonable accommodations for persons with disabilities. For accommodations, contact [e-mail] or call 617-747-2375.

We are committed to increasing diversity in our institution, community, and curriculum. Candidates who can contribute to that goal are encouraged to apply and highlight their strengths in this area.

*Currently enrolled Berklee students are not permitted to apply for staff or faculty positions.*

Employee Type:

Staff