Budget Specialist

COMMUNITY RENEWAL TEAM INC•Hartford, CT

8d•$22 - $31•Onsite

About The Position

The Budget Specialist provides technical and financial support to the Audit - Budget - Internal Controls Manager. The role assists with preparing budgets for new and renewal grant applications, budget revisions, business projects, and other funding requests. This includes researching line-item history and details and developing future projections based on current and historical spending patterns. The position participates in project work teams and may lead certain projects, applying knowledge of accounting, budgeting, financial trend analysis, and reporting. The specialist develops initial budget templates; reviews internal budgets for completeness and compliance with Office of Management and Budget guidelines and grant specifications; verifies costs against payroll and historical financial records; and coordinates with department heads and program staff to ensure budgets are balanced before final review. The role also analyzes budgets, prepares projections, recommends adjustments to program managers, and performs other assigned duties.

Requirements

Bachelor’s degree in business preferred; a combination of education and experience may be substituted.
Two years of related accounting experience in a nonprofit agency required.
Knowledge of Generally Accepted Accounting Principles (GAAP) required.
Ability to calculate and apply mathematical concepts.
Proficiency in Microsoft Office Suite, including advanced Excel skills.
High degree of concentration and accuracy, with adherence to strict confidentiality.
Effective customer service and communication skills.
Ability to multitask, solve problems, and take ownership of assignments.

Nice To Haves

Three years of experience using analytical and problem-solving skills.
Understanding of federal and state funding regulations.
Knowledge of budgeting, developing, finance, and payroll software.
Understanding of program operations, budgeting, and financial management.

Responsibilities

Develop initial budget templates for new, renewal, or revised budgets.
Review internal budgets for approval and ensure they include staff allocation projections, other direct costs, occupancy allocations, and indirect costs consistent with OMB guidelines and grant specifications.
Verify salary, fringe, occupancy, and other line-item costs against payroll and historical financial records.
Coordinate with department heads and program staff to ensure internal budgets are balanced before submission to the Budget and Controls Manager for final review.
Conduct budget analysis to prepare budget revisions.
Formulate budget projections and recommend adjustments and improvements to budget plans to Program Managers.
Complete budget forms for renewal and new grant applications, budget revisions, and other funding requests.
Participate in project work teams and take the lead on certain projects.
Perform other duties as needed or assigned.