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Functional Analyst Jobs in Madison, WI (NOW HIRING)

Lands' End

Financial Analyst (Hybrid)

Dodgeville, WI · Hybrid

Partnering with cross functional partners to create forecasts and budgets for income statement line ... Operations Analysis * Analyzes financial data and performance metrics to identify trends, variances ...

Lands' End

Financial Analyst (Hybrid)

Dodgeville, WI · On-site

Partnering with cross functional partners to create forecasts and budgets for income statement line ... Operations Analysis * Analyzes financial data and performance metrics to identify trends, variances ...

Epitec

Analyst, IT Business

Madison, WI · On-site

Gather, analyze, and document business and functional requirements from manufacturing and operations teams. * Facilitate workshops and meetings with cross-functional stakeholders to identify process ...

New

Beacon Technologies

Workday Functional Lead

Madison, WI · On-site

$40 - $45/hr

  • Medical

  • Dental

Strong analytical, troubleshooting, and problem-solving skills. * Experience working with cross-functional teams in large or complex organizations. * Ability to manage multiple priorities while ...

ETC

Regulatory Analyst

Middleton, WI · On-site

... functional collaboration and communication • Communicate regulatory requirements, updates, risks, and business implications to internal stakeholders • Collaborate with legal, engineering, product ...

ETC

Regulatory Analyst

Middleton, WI

Provides cross-functional collaboration and communication * Communicate regulatory requirements ... Strong analytical, research, documentation, and organizational skills * Ability to interpret ...

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Functional Analyst information

See Madison, WI salary details

$23

$49

$80

How much do functional analyst jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for functional analyst in Madison, WI is $49.29, according to ZipRecruiter salary data. Most workers in this role earn between $31.97 and $64.42 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a functional analyst, and why are they important?

To thrive as a Functional Analyst, you need a solid background in business analysis, requirements gathering, and process modeling, often backed by a degree in business, IT, or a related field. Familiarity with tools like SQL, UML, ERP systems (such as SAP or Oracle), and certifications like CBAP or PMI-PBA is highly beneficial. Strong communication, problem-solving, and stakeholder management skills set top performers apart in this role. These abilities ensure that business needs are accurately translated into functional solutions, driving successful project outcomes.

What is a functional analyst?

A functional analyst helps companies optimize their business systems by examining their functionality. As a functional analyst, your job duties include evaluating current systems, designing improved systems through data modeling and research, preparing cost-benefit analyses, presenting your findings to company leaders, and implementing new business systems once approved. The qualifications for a career as a functional analyst include a bachelor’s degree in computer science or information technology, excellent analytical and communications skills, and significant experience with computer systems. Some employers prefer you to have a master’s degree in business administration (MBA) with a specialization in information systems.

What skills do you need to be a functional analyst?

A functional analyst needs strong analytical and problem-solving skills to understand business processes and translate them into technical requirements. They should have good communication skills to collaborate with stakeholders and technical teams, along with knowledge of business analysis tools and methodologies. Familiarity with software development life cycles and basic technical knowledge, such as SQL or system modeling, is also beneficial.

What is the difference between Functional Analyst vs Business Analyst?

AspectFunctional AnalystBusiness Analyst
Required CredentialsBachelor's in IT, Computer Science, or related field; certifications like CBAP or CCBABachelor's in Business, Management, or related field; certifications like CBAP or PMI-PBA
Work EnvironmentIT projects, software development, system implementationBusiness process improvement, project management, stakeholder analysis
Employer & Industry UsageTech companies, software vendors, IT departmentsConsulting firms, corporate business units, financial services
Common Search & Comparison IntentUnderstanding technical roles, system analysisBusiness process analysis, project requirements

While both roles involve analyzing and improving organizational processes, a Functional Analyst primarily focuses on technical system requirements and software functionalities. In contrast, a Business Analyst emphasizes understanding business needs and translating them into project requirements. Both roles often collaborate but serve different core functions within projects.

How much does a functional analyst make?

A functional analyst's salary typically ranges from $60,000 to $100,000 annually, depending on experience, location, and industry. Senior or specialized analysts with certifications and advanced skills can earn higher salaries, often exceeding $110,000. Compensation may also include bonuses and benefits based on the employer and geographic region.

What are some common challenges functional analysts face when gathering requirements from stakeholders?

Functional Analysts often encounter challenges such as unclear or changing requirements, communication barriers between technical and non-technical stakeholders, and managing conflicting interests among different departments. To address these, successful Functional Analysts employ strong listening skills, facilitate effective meetings, and use documentation tools like process maps or user stories to clarify expectations. Building strong relationships with stakeholders and maintaining flexibility are essential for overcoming these hurdles and ensuring project success.
More about Functional Analyst jobs

What job categories do people searching Functional Analyst jobs in Madison, WI look for?

The top searched job categories for Functional Analyst jobs in Madison, WI are:

Functional Analyst jobs near you
Infographic showing various Functional Analyst job openings in Madison, WI as of August 2026, with employment types broken down into 1% Internship, 1% As Needed, 78% Full Time, 16% Part Time, and 4% Contract. Highlights an 86% Physical, 5% Hybrid, and 9% Remote job distribution, with an average salary of $102,517 per year, or $49.3 per hour.

Maximo Functional Analyst

Tata Consultancy Service Limited

Madison, WI • On-site

$120K - $140K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 19 days ago

Job description

Must Have Technical/Functional Skills
. Experience Requirements
• Minimum 10+ years of overall experience in Maximo Functional roles
• Proven experience in implementing and supporting Maximo solutions within:
• Power distribution utilities
• Gas distribution utilities
• Experience must include requirement gathering, Analysis, functional design-drafting FDD, creating test cases executing test cases liaising with business and other stakeholders.
Domain Knowledge
• Strong understanding of:
• Gas distribution business processes
• Electricity distribution operations
• Good knowledge of:
• Utility construction practices
• Leak management processes
• Preventive maintenance process
Technical & Application Expertise
• Strong hands-on experience in:
• Maximo Escalations
• Cron Tasks
• Object Structures
• Actions
• Integrations
• Ability to configure and support Maximo modules in alignment with business needs
Integrated Systems Experience
• Experience working with other enterprise systems such as:
• CC&B (Customer Care & Billing)
• MWM (Mobile/Work Management)
• Powerplant systems
• PeopleSoft, etc.
Roles & Responsibilities
Business Analysis & Functional Responsibilities
• Conducting requirements gathering workshops with business stakeholders
• Translating business needs into functional requirements
• Supporting solution design discussions
• Ability to Demonstrate code fixes and functional changes to business users
Testing & QA Responsibilities
• Creating test cases in Jira/Xray
• Executing and validating test scenarios
• Functional testing processes
• Defect tracking and resolution
• Collaborate effectively with development, testing and other te ams
Agile & Tooling Requirement
• Working with Jira boards
• Managing and refining user stories
• Participating in Agile ceremonies (refinement, sprint reviews, etc.)
• Xray Test Management tool
Salary Range: $120,000- 140,000 a year
TCS Employee Benefits Summary:
Discretionary Annual Incentive.
Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
Family Support: Maternal & Parental Leaves.
Insurance Options: Auto & Home Insurance, Identity Theft Protection.
Convenience & Professional Growth: Commuter Benefits & Certification & amp; Training Reimbursement.
Time Off: Vacation, Time Off, Sick Leave & Holidays.
Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.
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