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

  • Explain the features of the budget to senior management, on behalf of department managers

  • 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