Budget Analyst Job Description
Budget Analyst Duties & Responsibilities
To write an effective budget analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included budget analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Budget Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Budget Analyst
List any licenses or certifications required by the position: IAW, NDAA, FINANCIAL, MANAGEMENT, DAWIA, II, CFA, CGFM, GS, DISA
Education for Budget Analyst
Typically a job would require a certain level of education.
Employers hiring for the budget analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accounting, Education, Business/Administration, Finance, Public Administration, Graduate Education, Graduate, Business, Management, Economics
Skills for Budget Analyst
Desired skills for budget analyst include:
Desired experience for budget analyst includes:
Budget Analyst Examples
Budget Analyst Job Description
- Prepare quarter-end accruals and reclasses
- Frequent meetings with internal marketing stakeholders to resolve their needs
- Sets up and maintains accounts
- Inputs employee payroll information into system
- Contacts vendors or other Divisions to resolve issues that come up to process the payment request
- Designs, develop and prepare various financials
- Makes recommendations to improve efficiency
- Maintains expense and audit records for inventories and budget balances
- Coordinates monthly compilation of statistical data for internal and external reporting
- Prepares monthly updates, balances system to general ledger and updates chart as needed
- DYNA / ARGUS cash flow analysis experience preferred
- BA or BS degree in Business or Finance
- Ability to communicate with a non-technical audience, understand business needs, and translate them into technical finance requirements
- 1 Year Minimum Field of Expertise
- Leads employees performing similar work on a project basis
- May oversee student, temporary and/or casual workers
Budget Analyst Job Description
- Tracks DOD Lines of Accounting (LOAs)/fund cites and their data elements including Responsibility Center/Cost Centers (RCCCs), Element of Expense/Investment Codes (EEICs), Object Classes, and Project, Task, Expenditure Types (PTEOs)
- Provides financial and operational support in the Defense Travel System (DTS)/Defense Travel Administrator (DTA) Management tools/system for assignment of Lines of Accounting (LOA) for cross-organizational (X-orgs) access to LOAs and the internal processing for each department
- Tracks incoming and outgoing government funding documents up to and including closeout procedures with the appropriate sponsoring agency comptroller
- Timely development, maintenance and delivery of budget control reports
- Ensure invoices reconcile against estimates, follow up on and discrepancies to final resolution
- Track underage for potential reinvestment
- Assist in the negotiation / development of Term Sheets and Leases
- Perform timely and accurate regulatory filings
- Analyze and resolve blocked invoices, Purchase Order Goods Receipt/Invoice Receipt variances invoice exceptions in a timely and efficient manner
- Process CIF and O&M project budget requests (requisitions)
- Training on internal departmental protocols for PCard processing to facilitate the reconciliation process
- Experience conducting monthly analysis, and journal voucher corrections while auditing the standard ASR reports
- Experience auditing purchase orders to ensure the cost actually posts to the General Ledger
- Analyzing and processing invoice payments
- Experience establishing new vendors – including international business entities
- Ability to handle multiple tasks and respond with accuracy to deadlines
Budget Analyst Job Description
- Experience supporting monthly Unliquidated Obligation (ULO) reviews by validating obligation status and preparing/submitting adjustment documentation
- Assisting in the development, analysis, review and compiling Unfunded Requirements (UFR) list for a large Federal government entity with multiple directorates
- Identifies and analyzes trends in the receipt, obligation, and expenditure of funds to ensure objectives of annual budget plans and estimates are used to support multiple program objectives across the organization
- Monitors and tracks obligations and expenditures throughout the execution phase of the annual operating budget for operations and other procurement actions
- Verifies that obligations and expenditures occur on a timely basis according to the annual operating budget for operations and other procurement actions
- Provides assistance with reports and explanation of variations in excess of funding limits to the Business Executive, his staff, and other directorate personnel, as required
- Prepares budget and data summaries for inclusion in routine and special reports on budget execution
- Develop a variety of real time budget information and reports on budget execution for the Business Executive, his team, and individual directorate budget POCs
- Provides support to the Business Executive team by preparing reports to document expenditure and obligations for funds allocated to support personnel costs, contracts, travel, supplies and equipment, and other assigned program elements
- Provides other budgetary and analysis support to the Business Executive team, as needed
- Knowledge and proficiency in applying federal financial principles and concepts
- Ability to multi-task in delivering time-sensitive and important work product
- Knowledge and ability to plan, formulate, and execute large R&D and O&M budgets, backed by skill in quantitative/statistical analysis and application of arithmetical concepts
- Bachelors Degree in Business Administration, with 0 to 2 years of relevant experience
- This requisition will remain open until filled
- 10+ years of experience with providing budget analysis and support in the IC
Budget Analyst Job Description
- Support the development and management of client’s strategic goals, objectives and performance metrics at an enterprise level
- Conduct data collection, research and analysis
- Monitors execution and facilitates reconciliation of assigned budget and analytical analysis for the Comptroller’s Office using financial analysis background for financial plan review and tracking of plan to allocations and actual expenditures
- Conducts proactive engagement, collaboration, and communication (both orally and electronically) with the comptroller and resource staff, department heads, course directors, and HQ staff (HQ FM and Budget offices), Contracting Officers/Specialists and other departments within the DoD community
- Track contracts and financial records for the comptroller by applying file management concepts
- Perform the development and preparation of the AWCF Program Objective Memorandum (POM) and AWCF
- Budget Estimate Submission (BES) to include narrative justifications, which justifications will be submitted to higher headquarters for consideration
- Developing and executing corrective action plans to improve the timeliness and quality of financial information, mitigation of internal control deficiencies
- Assists the Business Manager in developing funding strategies to allow LSDVI to provide the most cost efficient services possible and utilize all available funds
- Monitors grant budgets and claims for reimbursement of expenditures from local, state and federal agencies
- Listens effectively to client’s priorities and requirements
- Bachelor’s Degree in Business, Accounting, Finance or related business field required
- Demonstrated experience with Enterprise Solutions applications and budgeting systems
- BA/BS in financial management or related field
- 10 years’ operations and financial management in Special Operations Forces (SOF)/DOD
- 5 years’ experience in budgeting to include Operations and Maintenance (O&M)
Budget Analyst Job Description
- Work with Director of Budget Services and school clients to develop reports (in Tableau, Excel, and other platforms as appropriate)
- Perform data entry into Axiom (budgeting software)
- Evaluate and project salary and benefit expenses and analyze the impact of current/proposed personnel levels
- Prepare internal service allocation schedules, cost allocation plans and fee studies
- Review departmental staff reports related to the budget
- Develop the forecast of funds needed for staffing, equipment, materials, and supplies
- Develop and maintain comprehensive financial reports
- Provide highly responsible and complex administrative support to the Administrative Services Director/Chief Financial Officer
- Attend and participate in professional organizations
- Respond to and resolve difficult and sensitive citizen inquiries and complaints
- 3 years’ experience working with reimbursable and direct cite funding applications various types of funding, counter narcotics, counter terrorism fellowship program
- Bachelor's degree in Accounting or Finance plus a minimum of 5-8 years of related and progressive work experience
- Proficiency in MS Excel (lookups, pivot tables, and macros) and Qlikview (end user and development) is a must
- Must have strong analytical skills, excellent communications skills and the ability
- Consolidate the accuracy of budget data estimates by the use of statistical techniques, , extensions, averages, trend analysis of historical data
- 4 year undergraduate degree in Accounting or Finance