WoodmenLife is looking to hire a Budget Analyst to join our team!
This position has a hybrid 4/1 schedule (with more flexibility after training).
In this role, you will play a critical role in partnering with business leaders to plan, monitor, and manage operating expenses while supporting the development of the organization’s multi year financial plan. This role works closely with budget owners to understand cost drivers, identify financial levers, and translate business strategies into actionable financial plans. Serving as the primary FP&A point of contact for assigned business areas, the position supports annual budgeting, rolling forecasts, and the development of 3 to 5 year financial and expense plans within a mid sized life and annuity insurance company.
WoodmenLife is one of the best places to work in Omaha, with more than 135 years of service rooted in purpose and community. Since 1890, WoodmenLife has been dedicated to helping hardworking Americans secure their families’ financial futures and leave a lasting legacy. As a purpose driven, not for profit life insurance company, our commitment is to our members and the communities they call home.
As a member of the WoodmenLife family, you’ll join others who share a commitment to family, community, and country. We offer a comprehensive benefits package including health, dental, vision, 401(k), life insurance, and more. Apply today to learn more!
We are looking for someone to:Business Partnership & Expense Management:
- Act as the primary FP&A partner to assigned business leaders, supporting them in setting, monitoring, and managing operating budgets
- Develop a strong understanding of key expense drivers, including:
- Staffing and organizational design
- Vendor relationships
- Technology and systems
- Strategic and operational initiatives
- Provide insight and constructive challenge on:
- Cost trends and emerging risks
- Budget variances and root causes
- Opportunities for efficiency or reinvestment
- Support leaders in identifying, quantifying, and tracking expense management initiatives against established targets
Budgeting & Forecasting:
- Support the annual budgeting process by coordinating inputs from business leaders and ensuring alignment with enterprise financial goals
- Prepare rolling forecasts and expense outlooks, incorporating:
- Emerging trends
- Business decisions
- Changes in assumptions
- Analyze actual results versus budget and forecast, clearly explaining drivers and implications to business partners
Multi Year Expense & Financial Planning:
- Assist in the development of multi year expense plans aligned with strategic objectives and growth expectations
- Partner with FP&A leadership, actuarial, and accounting teams to support the development of a 3 to 5 year financial plan, including:
- Expense trajectories
- Profitability considerations
- Capital and scale implications
- Identify and model key financial levers affecting long term performance, such as:
- Scale and growth
- Productivity and efficiency
- Expense mix
- Business and assumption sensitivity
Financial Analysis & Decision Support
- Develop clear, decision oriented analyses that help leaders understand the financial implications of strategic and operational decisions
- Support scenario and sensitivity analysis related to:
- Expense levels
- Organizational changes
- Strategic initiatives
- Contribute to executive level materials summarizing:
- Expense performance
- Key risks and opportunities
- Forward looking insights
We need someone who has:
This job requires a background that demonstrates the following minimum knowledge, skills, talents and traits:
- Bachelor’s degree in Finance, Accounting, Economics, or a related field (advanced degree preferred)
- 5–8+ years of experience in financial planning, analysis, budgeting, or related finance roles
- Demonstrated experience partnering directly with business leaders on budgeting and decision support
- Strong analytical, communication, and influencing skills
- Experience in insurance or financial services environments preferred, particularly life and annuity businesses
Desired Qualifications
- Experience in insurance or financial services, particularly within a regulated environment.
- Knowledge of statutory accounting, risk based capital, and asset/liability management concepts.
- Demonstrated ability to learn quickly and apply critical thinking strategies.
- Commitment to the following competencies:
- Business partnership and relationship management
- Expense management and cost driver analysis
- Long range financial thinking
- Ability to translate complex financial concepts into clear, actionable insights
- Intellectual curiosity and willingness to challenge assumptions constructively
If you're ready to make an impact in your community, we’d love to hear from you. Apply today!
As part of WoodmenLife’s employment process, candidates will be required to complete a criminal background check, credit check (when required for position), fingerprint check (when required for position), drug screen and reference checks. Any offer of employment will be contingent upon successfully passing the above.
WoodmenLife is welcoming to all regardless of background and beliefs. WoodmenLife respects every associate’s unique perspective and contribution. We are committed to creating an environment that values differences, and creates opportunities for growth, leadership and service. This commitment includes providing equal opportunity in recruitment, employment and promotion, training and community outreach. WoodmenLife is also dedicated to strengthening the communities in which its employees live.
APPLICANTS WITH DISABILITIES SHOULD ADVISE THE HUMAN RESOURCES DEPARTMENT AT THE TIME OF APPLICATION IF SPECIAL ACCOMMODATIONS ARE NEEDED.
Woodmen of the World Life Insurance Society (WoodmenLife) is an equal opportunity employer.
