Budget Analyst

About the job

This role is for one of the Weekday's clients Salary range: Rs 400000 - Rs 550000 (ie INR 4-5.5 LPA) Min Experience: 3 years Location: Mumbai JobType: full-time We are seeking a detail-oriented and analytical Budget Analyst (CMA Inter / CA Inter) to support financial planning, budgeting, and cost management initiatives across the organization. The ideal candidate will play a critical role in preparing budgets, monitoring financial performance, analyzing variances, and providing actionable insights to support strategic and operational decision-making. This role requires strong financial acumen, excellent analytical skills, and the ability to collaborate closely with cross-functional stakeholders. Key Responsibilities • Lead the preparation, consolidation, and review of annual budgets, forecasts, and rolling financial plans. • Analyze budget vs. actual performance, identify variances, investigate root causes, and present clear explanations to management. • Support department heads and business leaders in budget planning, cost control, and financial decision-making. • Develop and maintain detailed financial models to evaluate budget scenarios, cost optimization opportunities, and business initiatives. • Track expenses, monitor cost centers, and ensure adherence to approved budgets and financial policies. • Prepare periodic management reports, dashboards, and MIS packs highlighting key financial metrics and trends. • Assist in long-term financial planning, including capital expenditure budgeting and resource allocation. • Collaborate with accounting teams to ensure alignment between budgets, forecasts, and actual financials. • Support internal and external audits by providing budget-related data, explanations, and documentation. • Continuously improve budgeting processes, templates, and controls to enhance accuracy and efficiency. Key Skills & Competencies • Strong expertise in budgeting, forecasting, and variance analysis. • Solid understanding of cost accounting, management accounting, and financial controls. • Advanced proficiency in MS Excel (financial modeling, pivot tables, dashboards); experience with ERP systems is a plus. • Ability to analyze large datasets and translate numbers into meaningful business insights. • Strong attention to detail with a high level of accuracy and data integrity. • Excellent communication skills to present financial insights to non-finance stakeholders. • Ability to manage multiple budgets and deadlines in a fast-paced environment. • Problem-solving mindset with a focus on cost optimization and process improvement. Qualifications • CMA Inter or CA Inter qualified (mandatory). • Bachelor's degree in Commerce, Finance, Accounting, or a related field. • 3-6 years of relevant experience in budgeting, financial planning & analysis (FP&A), or management accounting roles. • Experience working with cross-functional teams in a corporate or project-based environment.

Requirements

• Budgeting
• Forecasting
• Variance Analysis

Qualifications

• CMA Inter
• CA Inter
• Bachelor's degree in Commerce, Finance, Accounting, or a related field

Preferred Technologies

• Budgeting
• Forecasting
• Variance Analysis