Budget Analyst

Budget Analyst

Woodmen Life 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.

Woodmen Life is one of the best places to work in Omaha, with more than 135 years of service rooted in purpose and community. Since 1890, Woodmen Life 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 Woodmen Life 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)
• 58+ 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

• Experience in insurance or financial services, particularly within a regulated environment.
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