Budget Analyst

As a Budget Analyst at Northrop Grumman, your primary responsibilities include overseeing and coordinating all aspects of Functional Business Management for approximately 500 employees. This encompasses indirect expense planning, direct allocations, capital budgeting, compliance policy guidance, and manpower forecasting. You'll also support aircraft service center operations and ensure the financial goals of the organization are met efficiently.

To qualify for the Budget Analyst position at Northrop Grumman, you should have a Bachelor's Degree in Finance, Accounting, Economics, or Business Administration with at least two years of relevant experience, or a Master's degree in a related field. Additionally, the ability to obtain and maintain a DoD Secret Clearance is necessary, along with advanced Excel and Tableau skills.

Essential skills for a Budget Analyst at Northrop Grumman include advanced proficiency in Excel, excellent analytical and organizational skills, and strong oral and written communication abilities. Being highly organized and knowledgeable in financial reporting and accounting principles is also important for success in this role.

The Budget Analyst position offers a 9/80 work schedule, which provides the flexibility of a hybrid work arrangement, allowing you to work in the office 2-3 days a week. This balance ensures you can maintain a productive workflow while also enjoying the benefits of working from home.

Absolutely! At Northrop Grumman, we believe in investing in our employees' growth. As a Budget Analyst, there are numerous avenues for advancement, whether through professional development, gaining experience in various financial disciplines, or taking on leadership roles in project teams. Our culture thrives on fostering user creativity and pioneering spirit.

When prioritizing budgeting tasks, I assess the deadlines and urgency of each item, aligning them with the organization’s financial goals. I typically start with critical projects that have immediate impacts and then work my way down to ongoing budget management tasks. Being organized and using project management tools helps keep me on track.

Certainly! In my previous role, I encountered a situation requiring a deep dive into unexpected variances in our budget versus actual expenses. I assembled a team to analyze data, identify root causes, and present findings with actionable recommendations. This thorough approach not only resolved the issue but improved our future forecasting processes.

I have advanced proficiency in Excel for complex financial modeling and analysis, as well as experience with Tableau for data visualization. Additionally, I'm familiar with SAP/S4 for tracking expenses and reporting. Being skilled in these tools enables me to create insightful reports that aid in decision-making.

I ensure compliance by staying abreast of the latest policies, maintaining meticulous records, and conducting regular audits on budgeting processes. Communicating openly with team members about compliance expectations is vital, as is reviewing all transactions against established guidelines to prevent discrepancies.

I use a combination of historical data analysis, current market trends, and departmental input to create accurate budget forecasts. Collaborating with various departments also allows me to gather insights about upcoming projects, ensuring that the budget aligns with organizational objectives.

In my previous position, I actively monitored indirect expenses by creating a detailed tracking system that aligned with departmental budgets. By analyzing spending patterns, I was able to identify cost-saving opportunities without sacrificing quality, which greatly improved our overall financial performance.

Effective communication is crucial when discussing budgetary changes. I typically create clear, concise presentations that outline the changes, their implications, and the reasons behind them. Additionally, I encourage questions and discussions to ensure all stakeholders understand and feel involved in the process.

When a budget overrun occurs, the first step is to conduct a thorough analysis to determine the cause. From there, I would convene a meeting with relevant stakeholders to discuss potential solutions, like reallocating funds or finding cost-saving measures to bring the project back on track.

I track and report on financial KPIs by utilizing dashboards in software like Tableau, which allows for easy visualization of key metrics. Regular reports are generated to highlight performance against targets, providing management with the insights needed for strategic decision-making.

I am motivated by the challenge of optimizing financial resources and contributing to the overall success of the organization. The satisfaction of finding efficiencies and ensuring that projects have the funding they need to succeed drives my passion for this role.