Budget Analyst Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
Budget Analyst is Also Know as
In different settings, Budget Analyst is titled as
- Budget Analyst
- Budget Coordinator
- Budget Officer
- Financial Services Officer
- Policy Analyst
Education and Training of Budget Analyst
Budget Analyst is categorized in Job Zone Four: Considerable Preparation Needed
Experience Required for Budget Analyst
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Education Required for Budget Analyst
Most of these occupations require a four-year bachelor's degree, but some do not.
Degrees Related to Budget Analyst
- Bachelor in Accounting
- Associate Degree Courses in Accounting
- Masters Degree Courses in Accounting
- Bachelor in Accounting and Finance
- Associate Degree Courses in Accounting and Finance
- Masters Degree Courses in Accounting and Finance
- Bachelor in Finance, General
- Associate Degree Courses in Finance, General
- Masters Degree Courses in Finance, General
- Bachelor in Public Finance
- Associate Degree Courses in Public Finance
- Masters Degree Courses in Public Finance
Training Required for Budget Analyst
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Related Ocuupations
Some Ocuupations related to Budget Analyst in different industries are
- Accountants and Auditors
- Treasurers and Controllers
- Financial Managers
- Financial Examiners
- Personal Financial Advisors
- Tax Examiners and Collectors, and Revenue Agents
- Credit Analysts
- Compensation, Benefits, and Job Analysis Specialists
- Compensation and Benefits Managers
- Fundraising Managers
- Chief Executives
- Payroll and Timekeeping Clerks
- Bookkeeping, Accounting, and Auditing Clerks
- Tax Preparers
- Management Analysts
- Investment Fund Managers
- Credit Counselors
- Eligibility Interviewers, Government Programs
- Financial and Investment Analysts
- Billing and Posting Clerks
What Do Budget Analyst do?
- Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
- Direct the preparation of regular and special budget reports.
- Consult with managers to ensure that budget adjustments are made in accordance with program changes.
- Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.
- Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
- Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
- Seek new ways to improve efficiency and increase profits.
- Review operating budgets to analyze trends affecting budget needs.
- Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
- Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
- Interpret budget directives and establish policies for carrying out directives.
- Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
- Testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.
Qualities of Good Budget Analyst
- Written Comprehension: The ability to read and understand information and ideas presented in writing.
- Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
- Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
- Written Expression: The ability to communicate information and ideas in writing so others will understand.
- Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
- Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
- Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
- Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Speech Clarity: The ability to speak clearly so others can understand you.
- Speech Recognition: The ability to identify and understand the speech of another person.
- Near Vision: The ability to see details at close range (within a few feet of the observer).
- Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
- Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
- Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
- Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
- Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
- Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
- Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
- Far Vision: The ability to see details at a distance.
- Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
- Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
- Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
- Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
- Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
- Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
- Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
- Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
- Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
- Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
- Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
- Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
- Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
- Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
- Sound Localization: The ability to tell the direction from which a sound originated.
- Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
- Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
- Night Vision: The ability to see under low-light conditions.
- Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
- Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
- Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
- Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
- Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
- Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
- Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
- Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
- Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
- Speed of Limb Movement: The ability to quickly move the arms and legs.
- Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
- Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
- Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
Tools Used by Budget Analyst
- Desktop computers
- Laser printers
- Notebook computers
- Personal computers
Technology Skills required for Budget Analyst
- Accounting software
- Adaptive Planning
- Budget monitoring systems
- Budgeting, forecasting, and planning software
- Business Objects Data Integrator
- Business performance management BPM software
- Deltek Costpoint
- Email software
- Enterprise resource planning ERP software
- Everest Software Advanced
- Extensity MPC
- Financial reporting software
- FRx Software Microsoft Forecaster
- Fund accounting software
- Graphics software
- Human resources management system HRMS
- Hyperion Enterprise
- IBM Cognos Business Intelligence
- IBM Cognos Planning
- Lilly Software Associates VISUAL Enterprise
- Microsoft Access
- Microsoft Dynamics GP
- Microsoft Excel
- Microsoft FRx
- Microsoft Office software
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft SharePoint
- Microsoft Visual Basic
- Microsoft Visual Basic.NET
- Microsoft Word
- NetSuite NetERP
- Online analytical processing OLAP software
- Open Systems TRAVERSE
- Oracle E-Business Suite Financials
- Oracle Hyperion
- Oracle PeopleSoft Enterprise
- Oracle PeopleSoft Financials
- Oracle Performance Management Suites
- OutlookSoft
- Payroll software
- Presentation software
- Relational database software
- Revelwood
- Sage Active Planner
- Sage ERP Accpac
- Sage MAS 200 ERP
- Sage MAS 90 ERP
- SAP Business One
- SAP BusinessObjects Crystal Reports
- SAP Crystal Xcelsius
- Satori Group proCube
- Spreadsheet software
- Statistical software
- Structured query language SQL
- Time and attendance software
- Ultimate Software UltiPro Workplace
- Valiant Vantage
- Word processing software