Budget Analysts

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Also known as:
Budget Analyst, Budget Coordinator, Budget Examiner, Budget Officer, Cost Analyst

SNAPSHOT

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

Leadership	HIGH
Critical decision making	HIGH
Level of responsibilities	LOW
Job challenge and pressure to meet deadlines	HIGH
Dealing and handling conflict	LOW

Competition for this position	HIGH
Communication with others	HIGH
Work closely with team members, clients etc.	HIGH
Comfort of the work setting	HIGH
Exposure to extreme environmental conditions	LOW
Exposure to job hazards	LOW
Physical demands	LOW

Daily tasks

Seek new ways to improve efficiency and increase profits.

Direct the preparation of regular and special budget reports.

Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.

Summarize budgets and submit recommendations for the approval or disapproval of funds requests.

Review operating budgets to analyze trends affecting budget needs.

Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.

Consult with managers to ensure that budget adjustments are made in accordance with program changes.

Compile and analyze accounting records and other data to determine the financial resources required to implement a program.

Interpret budget directives and establish policies for carrying out directives.

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.

MAIN ACTIVITIES

Interacting 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.

Establishing and Maintaining Interpersonal Relationships	Developing constructive and cooperative working relationships with others, and maintaining them over time.

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.

Updating and Using Relevant Knowledge	Keeping up-to-date technically and applying new knowledge to your job.

AREAS OF 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.

Clerical	Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.

Law and Government	Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

Customer and Personal Service	Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Computers and Electronics	Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

TOP 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.
Speaking	Talking to others to convey information effectively.

Mathematics	Using mathematics to solve problems.

Critical Thinking	Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Complex Problem Solving	Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Judgment and Decision Making	Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Active Learning	Understanding the implications of new information for both current and future problem-solving and decision-making.