Budget Analyst Job Description (2022)
Free budget analyst job description. The main responsibility for a budget analyst in for-profit business settings is, quite simply, to analyze budgets and seek out ways to increase profits by using resources more efficiently. Once these budget issues are identified, budget analysts typically present their findings to management and recommend new strategies going forward. Budget analysts also monitor the implementation of these budgets while projects are underway to ensure that spending is in line with their financial management guidelines.
Budget Analyst Job Description Template & Sample
Below is a sample budget analyst job description.
Budget Analyst Job Brief
We're looking for a skilled budget analyst to join our firm! If you have strong skills in accounting, finance, and math, enjoy critical thinking, problem-solving, and running cost-benefit analyses, and know how to write budget proposals and funding requests, you're exactly who we're looking for. Ideal candidates should have experience in a related field. And be able to monitor projects to stay within budget (past budgets and current budgets). Budget analysts work closely with project managers, product managers, and other analysts within the business. Ideal candidates are those who can provide financial analysis and monitor spending to ensure our budgets are aligned with quarterly spending. The analyst will work closely with project managers to develop spending plans. Apply today!
Budget Analyst Duties and Responsibilities
Sample job duties and responsibilities for a budget analyst job include:
- Collaborating with project managers and executives to develop budgets.
- Evaluating and approving/rejecting budget proposals and funding requests.
- Conducting cost-benefit analysis to make value determinations.
- Ensuring regulatory compliance with budget proposals.
- Developing final budgetary agreements with management.
- Monitoring spending, ensuring budgets are not exceeded.
- Estimating and forecasting future financial needs through financial analytics.
- Participating in the establishment and definition of program plan requirements.
- Monitoring and reporting performance against budgetary plans to keep objectives met.
- Help prepare spend estimates to complete (ETC) plans, auditing subcontractor invoices, and providing necessary reports, documents, and briefings for financial assessments.
- Forecasting and tracking annual financial results to meet budget projections.
- Organizing budget data and templates clearly and intuitively.
- Aiding the identification of financial or operating risks related to contract or project execution.
- Providing status reports for projects as needed.
Budget Analyst Requirements
Qualified candidates should have the following requirements:
- Minimum of a bachelor’s degree in finance or accounting.
- At least 5 to 10 years of experience in finance/accounting, writing budget proposals.
- Experience in working with multiple legal entities under different legal umbrellas.
- Experience with requirements relating to financial reporting.
- Information analysis and performance management skills.
- Proficient in the use of financial software for accounting, auditing, and corporate finance.
- Skilled in tracking budget expenses, managing processes, and developing standards for financial performance.
Download the free budget analyst job description PDF template. And use the sample budget analyst job description provided to make an efficient job posting for your company. For more information please visit the U.S. Bureau of Labor Statistics.
Budget Analyst Job Description Template
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