Job Role Description

Payroll > Budget Analyst

Salary National Average

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63910.0000 81380.0000 99360.0000

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Short Description:

A Budget Analyst is responsible for evaluating financial plans, preparing budget reports, and monitoring organizational spending to ensure it aligns with financial goals. Their duties include analyzing budget proposals, conducting cost-benefit analyses, and providing recommendations to improve financial efficiency. Budget Analysts work closely with department heads to forecast expenses, review financial data, and adjust budgetary plans as needed. Strong analytical skills, attention to detail, and proficiency in financial management are essential for success in this role, as Budget Analysts play a key role in optimizing resource allocation and ensuring fiscal responsibility.

Duties / Responsibilities:

  • 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.
  • Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
  • Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
  • Review operating budgets to analyze trends affecting budget needs.
  • Interpret budget directives and establish policies for carrying out initiatives.
  • Match appropriations for specific programs with broader budgets, including emergency funds items.
  • Consult with managers to ensure those budget adjustments are made following program changes.
  • Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
  • Testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.

Skills / Requirements / Qualifications

  • Working with Computers: Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Analyzing Data or Information: Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Getting Information: Observing, receiving, and obtaining information from all relevant sources.
  • Processing Information: Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Evaluating Information to Determine Compliance with Standards: Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

Job Zones

  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: 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.
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, environmental engineers, criminal investigators, and special agents.
  • Specific Vocational Preparation in years: 2-4 years preparation (7.0 to < 8.0)

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