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Functional Analyst Jobs in Madison, WI (NOW HIRING)

HTC Global Services

Business Analyst

Madison, WI · On-site

Lead discovery sessions and gather business and functional requirements. * Translate business needs ... Analyze existing business processes and identify improvement opportunities. * Create process flows ...

New

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 ...

Beacon Technologies

Business Analyst

Madison, WI · On-site

$90 - $120/hr

... and functional specifications. * Facilitate requirements gathering sessions, process analysis ... workshops, and solution reviews. * Manage requirements throughout the project lifecycle, ensuring ...

Beacon Technologies

Business Analyst

Madison, WI · On-site

$55 - $60/hr

Create and refine user stories, functional specifications, and acceptance criteria within an Agile ... Analyze system issues, troubleshoot operational challenges, and recommend process improvements.

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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 Sep 6, 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 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 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 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.

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?

The average salary for a functional analyst typically ranges from $70,000 to $100,000 annually, depending on experience, industry, and location. Professionals with certifications like CBAP or experience with specific tools such as SAP or Oracle may earn higher salaries.
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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% As Needed, 85% Full Time, 9% Part Time, and 5% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $102,517 per year, or $49.3 per hour.

Peoplesoft Project Costing Billing Functional

Arka Infotech Inc

Madison, WI • On-site

Contractor

Re-posted 20 days ago

Job description

Job Description
Peoplesoft Project Costing/Billing Functional
24 months
Madison, WI
09/21/2015
Senior Peoplesoft Financials Functional Consultant with previous experience implementing and supporting Peoplesoft v9.x Project Costing, Contracts and Billing applications. Must have proven experience reviewing and analyzing existing legacy applications, and understanding current and future-state business processes to perform gap analysis, gather requirements, create design docs and map legacy applications to Peoplesoft.


Qualifications
BS Degree


Additional Information

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