Budget Analysts

Finance > Business Finance

Projected Growth: Average

4800+
Projected Job Openings

Considerable Preparation Needed

Job Description

Your job is to Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

Common job titles of Budget Analysts include:
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Experience and Education

A considerable amount of work-related skill, knowledge, or experience is needed for this occupation. For example, a person in this occupation must complete four years of college and work for several years in industry to be considered qualified.

  • 63.99% said they needed a Bachelor's Degree.

  • 10.63% said they needed a Associate's Degree.

Tasks

    Compile and analyze accounting records and other data to determine the financial resources required to implement a program.

    Interpret budget directives and establish policies for carrying out directives.

    Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.

    Review operating budgets to analyze trends affecting budget needs.

    Seek new ways to improve efficiency and increase profits.

    Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.

    Direct the preparation of regular and special budget reports.

    Analyze monthly department budgeting and accounting reports to maintain expenditure controls.

    Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.

    Summarize budgets and submit recommendations for the approval or disapproval of funds requests.

    Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.

    Consult with managers to ensure that budget adjustments are made in accordance with program changes.

    Testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.

Tools

Personal computers

Notebook computers

Laser printers

Desktop computers

Technologies

Adaptive Planning

Budgeting, forecasting, and planning software

Business performance management BPM software

Everest Software Advanced

Extensity MPC

FRx Software Microsoft Forecaster

IBM Cognos Planning

All Technologies

Lilly Software Associates VISUAL Enterprise

Microsoft Dynamics GP

NetSuite NetERP

Open Systems TRAVERSE

Oracle PeopleSoft Enterprise

Oracle PeopleSoft Financials

OutlookSoft

Revelwood

Sage Active Planner

Sage ERP Accpac

Sage MAS 200 ERP

Sage MAS 90 ERP

SAP Business One

Accounting software

Budget monitoring systems

Business Objects Data Integrator

Deltek Costpoint

Financial reporting software

Human resources management system HRMS

Hyperion Enterprise

IBM Cognos Business Intelligence

Microsoft FRx

Microsoft Visual Basic.NET

Online analytical processing OLAP software

Oracle Performance Management Suites

Payroll software

Presentation software

Relational database software

SAP BusinessObjects Crystal Reports

SAP Crystal Xcelsius

Satori Group proCube

Time and attendance software

Ultimate Software UltiPro Workplace

Valiant Vantage

Skills

Active Listening

Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Reading Comprehension

Understanding written sentences and paragraphs in work related documents.

Speaking

Talking to others to convey information effectively.

Mathematics

Using mathematics to solve problems.

Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Complex Problem Solving

Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Judgment and Decision Making

Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Writing

Communicating effectively in writing as appropriate for the needs of the audience.

Active Learning

Understanding the implications of new information for both current and future problem-solving and decision-making.

Monitoring

Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Systems Analysis

Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.

Management of Financial Resources

Determining how money will be spent to get the work done, and accounting for these expenditures.

Social Perceptiveness

Being aware of others' reactions and understanding why they react as they do.

Coordination

Adjusting actions in relation to others' actions.

Time Management

Managing one's own time and the time of others.

Abilities

Listen to and understand information and ideas presented through spoken words and sentences.

Cognitive Abilities › Verbal Abilities › Oral Comprehension

Read and understand information and ideas presented in writing.

Cognitive Abilities › Verbal Abilities › Written Comprehension

Choose the right mathematical methods or formulas to solve a problem.

Cognitive Abilities › Quantitative Abilities › Mathematical Reasoning

Add, subtract, multiply, or divide quickly and correctly.

Cognitive Abilities › Quantitative Abilities › Number Facility

Communicate information and ideas in speaking so others will understand.

Cognitive Abilities › Verbal Abilities › Oral Expression

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Occupation Sections

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