Explore the critical requirements, core duties, primary responsibilities, and key skills that should be included in a comprehensive Budget Analyst job description.
What does a Budget Analyst do?
A Budget Analyst is responsible for looking at budget proposals and determining the best way to use project funds. They review budget proposals, evaluate spending needs, and conduct cost-benefit analyses to make informed decisions about budget allocations.
Job Description
We are seeking a detail-oriented number-cruncher for the role of Budget Analyst. In this position, you will analyze budget proposals, allocate funding, defend budget recommendations to stakeholders, and predict future financial needs.
Budget Analysts are skilled in statistical modeling and have a strong understanding of mathematics. In addition to quantitative skills, they must also be able to effectively communicate and persuade management to approve their budget requests.
Job Duties and Responsibilities
- Evaluate budget proposals and funding requests
- Collaborate with project managers to create a budget
- Conduct cost-benefit analyses to determine value
- Approve or reject funding requests
- Ensure budget proposals comply with regulations
- Defend budget recommendations to management
- Negotiate final budget agreement with management
- Monitor spending to stay within budget
- Predict and forecast future financial needs
Requirements and Qualifications
- Bachelor's degree in finance, accounting, or related field
- Master's degree preferred
- Prior experience managing budgets
- Strong analytical skills
- Proficiency in data analysis and statistical forecasting
- Excellent mathematical aptitude
- Effective problem-solving abilities
- Excellent written and verbal communication skills
- Exceptional interpersonal skills
- Attention to detail
Budget Analyst Salary
The earning potential of a Budget Analyst can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Budget Analyst in the United States is approximately $102109.
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