Budget Analysis Job Description
Budget analysis
provides clarification and direction to post award and other financial analysts regarding the budget, invoicing and financial management of clinical research funds.
Budget Analysis Duties & Responsibilities
To write an effective budget analysis job description, begin by listing detailed duties, responsibilities and expectations. We have included budget analysis job description templates that you can modify and use.
Sample responsibilities for this position include:
Monitors cost center activity against budget & forecast (accruals, expenses)
Prepare and manage the University’s consolidated annual operating budget, and multi-year financial plan
Collaborate with school and administrative offices to ensure they have the necessary tools to monitor decisions against budget and to address budgetary issues throughout the year
Establish budget processes and procedures for compiling, monitoring, and analyzing the University’s consolidated annual operating and capital budgets and for comparing actual performance to budget
Develop, recommend, and implement strategies to address proactively issues or problems with financial results and ensure balanced fiscal operations
Interact with senior management to develop financial information necessary for effective business administration
Develop short- and long-term financial plans in accordance with University academic priorities and business objectives
Prepare and/or present clear and concise budget information on both a GAAP and RCM basis to support various committees of the University’s Board of Trustees in close collaboration with the President and the Executive Vice President
Prepare management reports and budgets to facilitate communication with internal offices and departments, external constituencies, and the broader University community
Direct and manage an excellent and expert staff, including selecting, training, developing, and reviewing performance
Budget Analysis Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Budget Analysis
List any licenses or certifications required by the position: PAHM
Education for Budget Analysis
Typically a job would require a certain level of education.
Employers hiring for the budget analysis job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Education, Business, Business/Administration, Economics, Management, Graduate Education, Financial Management, Public Administration
Skills for Budget Analysis
Desired skills for budget analysis include:
Clinical research financial management and oversight
Business Intelligence tools
Clinical trials agreements
Current legislative requirements and CRA regulations an asset
English
Excel
Fiscal management
Invoicing
MS Office Excel
Microsoft Excel
Desired experience for budget analysis includes:
General understanding of a banking organization hierarchy and structure
Establish budget targets for each area of the University in concert with the President, Executive Vice President and Provost
Implement and support financial policies and procedures established by the President, Provost, Executive Vice President, and the Board of Trustees to provide fiscal discipline
Participate actively in senior University internal committees and bodies including Budget Steering, Capital Advisory Group, Capital Council, Real Estate Steering, and other committees as may be required or appropriate
Keep current on information and technology affecting the Office of Budget and Management Analysis to increase innovation and ensure compliance
Sound knowledge of personal computer spreadsheets and databases word processing and presentation software is required
Budget Analysis Examples
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Budget Analysis Job Description
Job Description Example
Our company is growing rapidly and is looking for a budget analysis. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for budget analysis
- Leads the monthly tracking of actual results against budget and analysis of financial metrics and trends and other financial decision support activities
- Strong analytical skills, communication, writing, and networking abilities
- Apply quantitative techniques
- Responsible for interacting with departmental contacts and building out budget/forecasts, providing monthly Actual vs
- Analyze department financial activities from purchasing, contract terms and vendor invoices against budget
- Consult with department leadership and act as liaison to Finance team for planning, tracking and improving financial reporting practices and procedures
- Act as lead in annual budget preparation and facilitation including communicating procedures, distributing and completing budget templates, training department managers and overseeing modifications or revisions
- Analyze and process journal entries for department in accordance with established timeframes
- Facilitate organization review and budget analysis and tracking for salary budget and workforce planning
- Implements purchasing process including creation of purchase orders, vendor communication and management and invoice processing
Qualifications for budget analysis
- Strong background in financial accounting and financial statements analysis
- 1 - 3+ Years of experience working with Hyperion for financial planning preferred (Required)
- 3 - 5+ Years of experience in financial/budget analysis that directly aligns with the specific responsibilities for this position
- Seven years experience as a financial analyst performing economic and econometric modeling
- Demonstrated advanced knowledge in developing business cases and presentation of econometric modeling output to influence senior management
- Advanced proficiency with information technology tools to support financial analyses
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Budget Analysis Job Description
Job Description Example
Our company is hiring for a budget analysis. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for budget analysis
- Other duties, projects, or analyses as assigned including participation of cross functional task forces
- Get a comprehensive review and analysis of the WCAR ECD policies undertaken in West and Central Africa coutries, including their scope in terms of multisectoriality, plan of action, monitoring system and budget allocation
- Document the variety of processes undertaken to develop such policies at national levelunderstand the challenges and opportunities related to the ECD policy development , partners involved, existence of plans of actions, monitoring framework and evidence based strategies
- Develop annual budget methodology, assumptions and guidelines
- Develop and drive consistent processes and deliverables
- Drive effective communication with budget coordinators and expense analysts
- Establish and maintain relationships with the SAP systems team to drive enhancements and new functionality required as part of the budget process refinement
- Develop annual expense budgets for the Executive Office, and corporate departments, including Technology
- Update Forecasts to reflect management expectations and changing business requirements
- Lead financial consolidation efforts for corporate expense budgets, forecasts and actuals
Qualifications for budget analysis
- Certifications like CPA a plus
- Ability to work in a fast paced environment and willing to do what it takes to get the done
- Experience leading teams to accomplish project objectives
- PAHM certification by the Academy for Healthcare Management or the completion of such within one year of employment
- Healthcare financing industry
- Government contracting industry
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Budget Analysis Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of budget analysis. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for budget analysis
- Knowledge and understanding of GAAP and analytically focused with ability to react quickly to change
- Support resource management, budgetary execution (primary focus), budgetary formulation, budgetary analysis, identifying anomalies or problems and generating reporting tailored to audiences ranging from program managers to the White House and Congress for Government review and approval
- Process large volumes of complex data rapidly and accurately and to translate highly technical and programmatic data into actionable reporting appropriate for senior and non-technical readers
- Interfacing with the Intelligence Planning, Programming, Budgeting and Evaluation (IPPBE) process and other IC budgetary data and reporting systems, including orchestrating NIM participation with ODNI enablers
- Working with manager, responsible for the department financial analysis and reporting, in support of budgeting, forecasting, and forecasting, and resource allocation
- Provide analytical support to departmental divisions
- Design and implement periodic operational reports ad hoc reporting
- Develop multi-year cash flow projections for departmental projects
- Provide strategic financial consultation and guidance to the manager regarding business proposals, and make recommendations for optimizing the financial impact of business initiatives
- Provide advice to department management regarding key process improvement opportunities and serve as critical resource for implementation
Qualifications for budget analysis
- Three years or more of relevant analytical financial experience
- Demonstrated advanced knowledge and experience in negotiating
- Strong interpersonal, verbal and written communication skills - must be comfortable asking questions and communicating with internal/external areas various levels of management
- Support month end activities which includes such items as reconciliation of actuals, analysis of budget/actuals, variance analysis, and other misc
- Bachelor’s Degree in Business/Finance/Accounting or related area with 3 years of experience OR a Masters Degree as described above with 1 year of experience
- Bachelor’s Degree in Finance, Accounting, Economics or Business Administration Degree
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Budget Analysis Job Description
Job Description Example
Our innovative and growing company is hiring for a budget analysis. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for budget analysis
- Analyse the trends of public budget allocation and expenditure on children related program especially health and nutrition, education, water, sanitation & hygiene, and child protection
- Identify the gaps between child-related allocations in the public budget and actual expenditures and find out potential challenges and opportunities relevant to the realization of children’s rights in Lao PDR
- Recommend key actions for government (including implications for MTEF particularly for health and education sectors) and necessary studies to fill the gaps identified in the context of equity and child rights focused budgeting and budget execution
- Build capacity of national counterpart on child focused budget analysis and how to make child-focussed budget for relevant government counterparts
- Provide high quality financial support and analysis to the assigned businesses
- Pro-actively drive financial analysis and recommendations by identifying revenue and gross margin trends, market information, and customer dynamics
- Provide timely forecasting/budgeting input and process- including quarterly, annual, long term strategic and all supporting analysis
- Lead the creation and presentation of complex financial analysis and modeling to support business decision making and support the strategy, including Capital Spending, M&A activities, etc…
- Own and lead the presentation of quality financial review packages (management operating reviews (MOR), quarterly business reviews (QBR), annual operating plan (AOP), and ad hoc presentations)
- Assist in Sales/customer/market trend analysis, Product profitability
Qualifications for budget analysis
- Comprehensive experience applying the principles and practices of accounting, financial analysis, budget analysis and general business administration
- Experience supporting operations for Information Technology department
- Proficient in large-scale purchasing, budget projection and planning, variance analysis, and reconciliation requirements
- Bachelor’s Degree in related financial field with 3 years of relevant experience or a Master’s Degree plus 1 year of relevant experience
- Some prior audit experience
- Knowledge of early childhood development issues globally , and particularly in the WCA sub-region
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Budget Analysis Job Description
Job Description Example
Our innovative and growing company is looking for a budget analysis. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for budget analysis
- Lead Operational Analysis, Budget and Program Support
- Lead operations research methods, techniques, and analysis for improving program and budget integration, validating and prioritizing competing resource requirements, assessing the feasibility of executing large-scale multi-million dollar program initiatives and defending the multi-billion dollar IT program/budget to the Department’s overseers
- Perform tasks for the IT Programming and Budget Formulation (ITPBF) service in the IT Multi-Year Programming (MYP) process which translates strategic plans to the programs and capabilities needed to meet Client requirements
- Establish procedures and methodologies based on best practices to provide support for the IT programming, budget formulation and execution functions
- Provide support in the areas of budget monitoring, tracking, suspense’s, current contracting processes and procedures
- Recommend improvements, develop briefings, research and provide contract policy guidance and regulations
- Assist in analyzing financial reports and other data
- Have an understanding and experience with large, complex IT projects and organizations
- Leads the development and advises senior University leadership regarding the efficient and effective budgeting and planning of resources, and ensures that resources are stewarded
- In partnership with other offices, develop a robust financial reporting framework for the University and its operating units that meets the needs of the University, including executive leadership and academic and administrative departmental leaders
Qualifications for budget analysis
- Knowledge of ECD policy frameworks and partners intervention in ECD at global and regional level
- Proven experience in using literature search and semi-structured interviews methods, and skills needed to produce relevant synthetic analysis and representations
- An advanced University Degree in Economics, Public Policy, Governance, Development Studies or other relevant areas
- At least five years of experience in public finance and budget analysis
- Demonstrable knowledge and experience with child protection policy and budget analysis
- Strong analytical and writing skills, and the ability to present the results in a simple language, making use of interesting visual aids (pie charts, graphs and other visual tools)