Budget Analyst Job Description

What is the job description of a Budget Analyst? What are the duties and responsibilities of a Budget Analyst? What does a Budget Analyst do?

Job description of a Budget Analyst

Budget analysts help organizations make sound financial decisions by monitoring and reporting on budgets, cash flow activities, and expenditures. This role combines strategic thinking with day-to-day financial management and accounting tasks.

In short, Budget Analysts are generally responsible for monitoring organizational spending so it stays within a budget.

This Budget Analyst job description example includes the list of most important Budget Analyst duties and responsibilities as shown below. It can be modified to fit the specific Budget Analyst profile you're trying to fill as a recruiter or job seeker.

Budget Analyst Duties and Responsibilities

Budget Analyst job description should contain a variety of functions and roles including:

  • Review budget proposals and funding requests
  • Conduct cost/benefit and other types of analyses
  • Submit budget recommendations for approval or rejection of funding requests
  • Explain and defend recommendations to management and stakeholders
  • Collaborate with managers to develop final consolidated budget
  • Ensure the organization’s budget adheres to legal regulations
  • Oversee expenditure and identify trends in spending
  • Make forecasts for future budget needs
  • Suggest improvements to increase profits (e.g. spending cuts)
  • Prepare periodical and special reports

Budget Analyst Requirements / Skills / Qualifications

Budget Analyst job description should include these common skills and qualifications:

  • Bachelor's degree in Finance, Accounting or related field.
  • Master's degree preferred.
  • Experience managing budgets.
  • Highly analytical mindset.
  • Proficiency in data analysis and statistical forecasting.
  • Excellent mathematical aptitude.
  • Good problem solving skills.
  • Excellent written and verbal communication.
  • Exceptional interpersonal skills.
  • Attention to detail.

As a hiring manager, recruiting an ideal Budget Analyst starts with crafting a good job description. Use this Budget Analyst job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Budget Analyst may also reference it in preparation for the interview.