Monitors the preparation of budgets for departments based on performance, revenue, and expenses.
They analyze data to determine the costs and benefits of various programs and recommend funding levels based on their findings.
Inform program managers of the status and availability of funds.The most basic is a Bachelor's degree in Finance or Accounting, and further pay grades are available to those who are recognized accountants.To keep the certification, budget analysts must take 80 hours of continuing education every 2 years.Ability to explain budgeting and financial information in plain terms.Principal Accountabilities: Inform department managers of due dates for the submission of budget information.The position requires a good head for numbers and the ability to use multiple types of financial software and, in some cases (especially in larger organizations the role may include leading a team of financial analyzers.Education, employers generally require budget analysts to have at least a bachelor's degree.It is difficult to get into the field of budget management without a string of qualifications.Budget analysts also may examine past budgets and research economic and financial developments that affect the organization's income and expenditures.
Review managers' budget proposals for completeness, accuracy, and compliance with laws and other regulations.Examine whether budget submissions can be achieved based on known capacity constraints and inform management of potential problem areas.Budget managers spend ielts book 2012 pdf most of their time in an office environment font old english ttf and the majority of their work is done independently.Most budget analysts need math skills and should be able to use certain software, including spreadsheets, database functions, and financial analysis programs.Although elected officials (in government) or top executives (in a private company) usually make the final decision on an organization's budget, they rely on the work of budget analysts to prepare the information for that decision.Propagate the approved budget throughout the organization and explain issues as requested.Important Qualities, analytical skills.Combine all the program and department budgets together into a consolidated organizational budget and review all funding requests for merit.
Desired Qualifications: A ctet answer key 2011 paper 2 masters degree in business administration or finance, with exceptional electronic spreadsheet construction skills.
Budget analysts may recommend program spending cuts or redistributing extra funds.