Budget Analyst Job Description Template
The Budget Analyst is responsible for the development and analysis of the County's budget. This includes working with department heads to develop their budgets, analyzing revenue and expenditures, developing long-term financial plans, and presenting the budget to the Board of Commissioners. The Budget Analyst must be able to work independently and be detail-oriented.
Budget Analyst Job Responsibilities
- Reviewing financial documents for accuracy and compliance with regulations
- Developing budgets and forecasts based on past performance and expected trends
- Analyzing variances between actual results and budgeted amounts
- Identifying opportunities for cost savings and efficiencies
- Preparing reports detailing budgetary analysis findings
- Presenting recommendations to management for consideration
- Monitoring implementation of approved changes to ensure desired results are achieved
Objectives
- To ensure that an organization's budget is accurate and compliant with all relevant regulations.
- To monitor spending and identify areas where cost savings can be achieved.
- To provide analysis and recommendations to senior management on how to best allocate budget resources.
- To develop longterm financial plans for an organization in order to achieve its strategic objectives.
- To liaise with other departments within an organization to ensure that their budgets are coordinated and aligned with overall organizational goals.
Budget Analyst Job Skills & Qualifications Needed
- Budget analysts typically need at least a bachelor’s degree in finance, business, public administration, or accounting. Employers also value work experience, so internships or parttime jobs in finance or budgeting are often helpful. Strong analytical and math skills are essential for budget analysts. They must be able to use spreadsheets and other software programs to track and predict financial data. Budget analysts also need strong communication skills to present their findings to managers and other decision-makers.