Financial Analyst
Madison, WI · On-site
This entry-level role is ideal for a recent graduate or early-career professional looking to develop expertise in financial reporting, forecasting, budgeting, cost analysis, and accounting processes.
Financial Analyst
Madison, WI · On-site
This entry-level role is ideal for a recent graduate or early-career professional looking to develop expertise in financial reporting, forecasting, budgeting, cost analysis, and accounting processes.
Entry Level Forecasting Analyst information
See Madison, WI salary details
$13.56 - $17.31
5% of jobs
$19.43 is the 25th percentile. Wages below this are outliers.
$17.31 - $21.05
35% of jobs
The median wage is $22.92 / hr.
$21.05 - $24.79
20% of jobs
$24.79 - $28.54
14% of jobs
$29.01 is the 75th percentile. Wages above this are outliers.
$28.54 - $32.28
11% of jobs
$32.28 - $36.02
5% of jobs
$36.02 - $39.77
3% of jobs
$39.77 - $43.51
3% of jobs
$43.51 - $47.25
2% of jobs
$47.25 - $51
1% of jobs
$51 - $54.74
1% of jobs
$13
$27
$54
How much do entry level forecasting analyst jobs pay per hour?
As of Aug 15, 2026, the average hourly pay for entry level forecasting analyst in Madison, WI is $27.98, according to ZipRecruiter salary data. Most workers in this role earn between $19.38 and $30.29 per hour, depending on experience, location, and employer.
What are some common challenges faced by entry level forecasting analysts, and how can new hires overcome them?
Entry level forecasting analysts often face challenges such as interpreting large datasets, understanding various forecasting models, and communicating complex findings to non-technical stakeholders. New hires can overcome these obstacles by actively seeking mentorship from experienced colleagues, participating in training sessions, and leveraging analytical tools to streamline their workflow. Building strong collaboration with team members in finance, operations, and sales also helps ensure forecasts are accurate and actionable.
What are the key skills and qualifications needed to thrive as an entry level forecasting analyst, and why are they important?
To thrive as an Entry Level Forecasting Analyst, you need strong analytical skills, a solid understanding of statistics, and a bachelor's degree in a quantitative field such as mathematics, economics, or data science. Familiarity with forecasting software, Excel, and data visualization tools like Tableau or Power BI is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for interpreting data and sharing insights with stakeholders. These skills and qualities are important because they enable accurate predictions, informed decision-making, and clear communication of complex data findings.
What does an entry level forecasting analyst do?
An Entry Level Forecasting Analyst is responsible for analyzing data to predict future trends, such as sales, demand, or financial outcomes, to help organizations make informed business decisions. They use statistical models, data analysis tools, and historical information to develop accurate forecasts. These analysts often work closely with other departments to gather data, interpret results, and present findings in clear reports or presentations. This role typically serves as a starting point for a career in data analysis, business intelligence, or supply chain management.
What is the difference between Entry Level Forecasting Analyst vs Data Analyst?
| Aspect | Entry Level Forecasting Analyst | Data Analyst |
|---|---|---|
| Required Credentials | Bachelor's in Economics, Finance, or related field; basic Excel and statistical skills | Bachelor's in Statistics, Mathematics, or related field; proficiency in Excel, SQL, and data visualization tools |
| Work Environment | Financial, retail, or manufacturing sectors focusing on sales, demand, or financial forecasting | Various industries including healthcare, marketing, finance, analyzing data trends and insights |
| Employer & Industry Usage | Used by companies needing demand predictions and financial planning | Used across industries for data analysis, reporting, and decision support |
While both roles involve data analysis skills, the Entry Level Forecasting Analyst primarily focuses on predicting future trends using statistical models, often within finance or retail sectors. In contrast, Data Analysts handle broader data interpretation and reporting across various industries. The roles share foundational skills but differ in their specific focus and application.
What are the most commonly searched types of Forecasting Analyst jobs in Madison, WI?
The most popular types of Forecasting Analyst jobs in Madison, WI are:
What are popular job titles related to Entry Level Forecasting Analyst jobs in Madison, WI?
For Entry Level Forecasting Analyst jobs in Madison, WI, the most frequently searched job titles are:
- Entry Level Business Analyst
- Entry Level Budget Analyst
- Junior Analyst
- Entry Level Financial Analyst
- Entry Level Project Analyst
- Entry Level Finance Analyst
- Full Time Senior Financial Analyst Contract
- Entry Level Quantitative Analyst
- Entry Level Medical Economics Analyst
- Entry Level Economic Forecasting Analyst
What job categories do people searching Entry Level Forecasting Analyst jobs in Madison, WI look for?
The top searched job categories for Entry Level Forecasting Analyst jobs in Madison, WI are:
- Entrylevel Government Analyst
- Entry Level Data Analyst Fresh Graduate
- Junior Economic Analyst
- Financial Aid Data Analyst
- Junior Financial Operations Analyst
- Entrylevel Intelligence Analyst
- Entry Level Cloud Financial Analyst
- Entry Level Business Analyst Non Profit
- Entry Level Disney Data Analyst
- Entry Level Nfl Data Analyst
Job description
Financial Analyst
Department: Finance / Accounting / Audit
Employment Type: Full Time
Location: US - Wisconsin - Madison
Description
At Franklin Electric, Finance plays a critical role in driving business performance and supporting sound decision-making across the organization. As a Financial Analyst I, you will support both financial analysis and accounting activities while gaining broad exposure to the financial operations of a global manufacturing company.
This entry-level role is ideal for a recent graduate or early-career professional looking to develop expertise in financial reporting, forecasting, budgeting, cost analysis, and accounting processes. Working closely with finance leadership and cross-functional teams, you will help provide meaningful insights that support profitability, operational performance, and strategic initiatives.
Key Responsibilities
Financial Analysis & Reporting
Accounting & Financial Operations
Process Improvement & Data Analytics
Skills Knowledge and Expertise
Preferred Qualifications
Key Competencies
Department: Finance / Accounting / Audit
Employment Type: Full Time
Location: US - Wisconsin - Madison
Description
At Franklin Electric, Finance plays a critical role in driving business performance and supporting sound decision-making across the organization. As a Financial Analyst I, you will support both financial analysis and accounting activities while gaining broad exposure to the financial operations of a global manufacturing company.
This entry-level role is ideal for a recent graduate or early-career professional looking to develop expertise in financial reporting, forecasting, budgeting, cost analysis, and accounting processes. Working closely with finance leadership and cross-functional teams, you will help provide meaningful insights that support profitability, operational performance, and strategic initiatives.
Key Responsibilities
Financial Analysis & Reporting
- Assist with monthly, quarterly, and annual financial reporting activities.
- Analyze financial results and investigate variances between actual results, forecasts, and budgets.
- Support forecasting, annual operating plan (AOP), and budgeting processes.
- Prepare recurring and ad hoc financial analyses to support business decisions.
- Assist in monitoring key performance indicators (KPIs), profitability metrics, and operational trends.
- Develop reports and dashboards that improve visibility into financial and operational performance.
- Help identify risks, opportunities, and business trends through data analysis.
- Support finance leadership in preparing presentations and reporting materials for management reviews.
- Partner with sales organization on reporting and performance vs. incentive plans.
Accounting & Financial Operations
- Assist with month-end and year-end close processes.
- Prepare journal entries and account reconciliations.
- Support general ledger maintenance and ensure accuracy of financial records.
- Investigate and resolve account discrepancies.
- Assist with audit requests and documentation.
Process Improvement & Data Analytics
- Assist in improving reporting processes through standardization, automation, and enhanced data accuracy.
- Support initiatives focused on data quality, governance, and reporting efficiency.
- Leverage Excel, ERP systems, and business intelligence tools to analyze and present financial information.
- Contribute to continuous improvement projects that strengthen financial processes and decision-making capabilities.
Skills Knowledge and Expertise
- Bachelor's degree in finance, Accounting, Business, Economics, or a related field.
- 0-2 years of relevant experience, including internships or co-op experience.
- Understanding of financial statements, budgeting, forecasting, and accounting principles.
- Strong analytical and problem-solving skills.
- Advanced proficiency in Microsoft Excel.
- Excellent attention to detail and organizational skills.
- Strong written and verbal communication skills.
- Ability to manage multiple priorities in a fast-paced environment.
Preferred Qualifications
- Internship or experience within a manufacturing environment, public accounting or other similar experience.
- Familiarity with ERP systems, preferably JD Edwards (JDE).
- Experience with Power BI, Microsoft Business Intelligence tools, or similar reporting platforms.
- Exposure to cost accounting concepts and inventory analysis.
- Progress toward CPA, CMA, or other professional certifications.
Key Competencies
- Financial Analysis
- Business Partnership
- Problem Solving
- Data Analytics
- Attention to Detail
- Communication
- Continuous Improvement
- Time Management
- Collaboration
- Learning Agility