Budget Analysts


Also called : Budget Analyst, Budget Coordinator, Budget Officer, Financial Services Officer, Policy Analyst

What they do


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

On the job, one would


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

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

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

  • Direct the preparation of regular and special budget reports.

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

KNOWLEDGE


  • Economics and Accounting
    Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.

  • Mathematics
    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

  • English Language
    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

  • Administration and Management
    Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

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.

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

  • Mathematics
    Using mathematics to solve problems.

  • Speaking
    Talking to others to convey information effectively.

ABILITIES


  • Mathematical Reasoning
    The ability to choose the right mathematical methods or formulas to solve a problem.

  • Number Facility
    The ability to add, subtract, multiply, or divide quickly and correctly.

  • Oral Comprehension
    The ability to listen to and understand information and ideas presented through spoken words and sentences.

  • Written Comprehension
    The ability to read and understand information and ideas presented in writing.

  • Deductive Reasoning
    The ability to apply general rules to specific problems to produce answers that make sense.

PERSONALITY

People interested in this work, will do well at jobs that need;

  • Integrity
    Job requires being honest and ethical.

  • Attention to Detail
    Job requires being careful about detail and thorough in completing work tasks.

  • Analytical Thinking
    Job requires analyzing information and using logic to address work-related issues and problems.

  • Dependability
    Job requires being reliable, responsible, and dependable, and fulfilling obligations.

  • Cooperation
    Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.

  • Stress Tolerance
    Job requires accepting criticism and dealing calmly and effectively with high-stress situations.

  • Independence
    Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.

  • Initiative
    Job requires a willingness to take on responsibilities and challenges.

  • Self-Control
    Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.

  • Persistence
    Job requires persistence in the face of obstacles.

TECHNOLOGY

  • Accounting software

  • Analytical or scientific software

  • Business intelligence and data analysis software

  • Cloud-based data access and sharing software

  • Data base reporting software

  • Data base user interface and query software

  • Development environment software

  • Electronic mail software

  • Enterprise resource planning ERP software

  • Financial analysis software

  • Graphics or photo imaging software

EDUCATION AND TRAINING

  • Preparation

    Considerable Preparation Needed

  • Education

    Four-year bachelor degree

  • Experience

    A considerable amount of work-related skill, knowledge, or experience is needed for these occupation

  • Jobtraining

    Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

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