Budget analyst job description

Position Description: Budget Analyst | Budget Accountant

Basic Function: The budget analyst position is accountable for preparing the annual budget, comparing it to actual results, and reporting on variances from the budget.

Principal Accountabilities:

  • Inform department managers of due dates for the submission of budget information
  • Act as an advisor to department managers in formulating their budget submissions
  • Review proposed budget submissions from department managers for accuracy and completeness
  • Examine whether budget submissions can be achieved based on known capacity constraints and inform management of potential problem areas
  • Propose enhancements to the budget model
  • Examine capital budget requests and issue recommendations to the approval committee
  • Coordinate capital budgeting approvals
  • Review the budget model for calculation errors
  • Create a consolidated budget version for management approval
  • Propagate the approved budget throughout the organization and explain issues as requested
  • Compare actual to budgeted results at the end of each reporting period, and report on significant variances
  • Update the budget model as requested to account for significant changes in the business environment
  • Maintain the budgeting policies and procedures manual

Desired Qualifications: A masters degree in business administration or finance, with exceptional electronic spreadsheet construction skills. Must have excellent communication and writing skills.

Supervises: None

Related Courses

Capital Budgeting