Budget Analysts
Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
Sample of reported job titles:
Budget Analyst, Budget Coordinator, Budget Officer, Financial Services Officer, Policy Analyst
Occupation-Specific Information
Tasks
- 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.
Technology Skills
- Accounting software:Accounting software,Deltek Costpoint,Fund accounting software,Hyperion Enterprise
- Analytical or scientific software:Statistical software
- Business intelligence and data analysis software:IBM Cognos Business Intelligence
- Cloud-based data access and sharing software:Microsoft SharePoint
- Data base reporting software:SAP BusinessObjects Crystal Reports
Occupational Requirements
Work Activities
- Working with Computers:Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Getting Information:Observing, receiving, and otherwise obtaining information from all relevant sources.
- Analyzing Data or Information:Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Processing Information:Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
- Communicating with Supervisors, Peers, or Subordinates:Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
Detailed Work Activities
- Advise others on financial matters.
- Analyze budgetary or accounting data.
- Analyze business or financial data.
- Discuss business strategies, practices, or policies with managers.
- Establish organizational guidelines or policies.
Work Context
- Electronic Mail:99% responded"Every day"
- Telephone:79% responded"Every day"
- Face-to-Face Discussions:79% responded"Every day"
- Spend Time Sitting:76% responded"Continually or almost continually"
- Indoors, Environmentally Controlled:70% responded"Every day"
Worker Requirements
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.
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.
- Administrative:Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
Education
How much education does a new hire need to perform a job in this occupation? Respondents said:
- 64%Bachelor's Degree
- 11%Associate's Degree (or other 2-year degree)
- 10%High School Diploma - or the equivalent (for example, GED)
- 9%Master's Degree
Worker Characteristics
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.
Interests
- Conventional:Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
- Enterprising:Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
- Investigative:Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
Work Values
- Working Conditions:Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.
- Support:Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.
- Independence:Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
Work Styles
- 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.
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