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Budget Analyst Job Description

How to Hire a Budget Analyst

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Budget Analyst Job Description

We are recruiting for Budget Analyst who has attention to detail. You will be responsible for analysing budget proposals, determining funding allocations, defending budget recommendations against various stakeholders and forecasting future financial requirements.

You require you to be well-versed in statistical modelling and are expert mathematicians. Beyond your quantitative skill set, we also need someone who can petition and persuade management to approve requests. We expect this person to be a good communicator and have excellent interpersonal skills.

Budget Analyst Duties and Responsibilities

  • 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.
  • Bachelor’s degree in Finance, Accounting or related field.
  • Master’s degree preferred.

Budget Analyst Skills and Requirements

  • Evaluating budget proposals and funding requests.
  • Collaborating with project managers to develop a budget.
  • Conducting cost-benefit analyses to determine value.
  • Approving or rejecting funding requests.
  • Determining whether budget proposals follow regulations.
  • Discuss and defend budget recommendations with management.
  • Developing a final budgetary agreement with management.
  • Monitor spending to ensure work remains within budget.
  • Estimate and forecast future financial need.
  • 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.
  • Bachelor’s degree in Finance, Accounting or related field.
  • Master’s degree preferred.

Personalising Your Budget Analyst Job Description Advise

The hiring process and recruiting new employees to fill your key roles requires a degree of personalisation if you are to attract the best employees in a competitive employment market. The right person for a crucial role or more senior roles will likely have other employers targeting them. As your job description will be the first point of contact, you need to nail your pitch and provide the best possible service.

When creating your bespoke description and advert, you should cover and promote these points:

Job title: This should accurately reflect the role and include keywords that top talent might be using to search for jobs.

Job duties: The day to day duties, such as administrative tasks, which vary depending on the company and inform the candidate if they can complete the role.

Technical skills: These are the hard skills required through training, such as proficiency with Microsoft Office.

Soft skills: These include the interpersonal skills and general abilities the right candidates will possess. For example, the competency to prioritise multiple tasks, handle customer queries and customer complaints, work alone, or build a good relationship with coworkers.

The company’s culture: Highlighting your company culture and values ensures employees thrive and find outstanding job satisfaction. Candidates that are not the right fit won’t waste their time completing the application process, meaning you can focus on qualified individuals and hire in a more timely manner.

Career progression: Including the career path will entice candidates looking for career growth. 

Training and development programs: Smaller companies may need employees with previous experience or provide educational assistance over internal training offered by larger organisations with more significant resources. 

Employee benefits: Compensation and benefits often fail to appear in job ads and while you may want to hold your cards close to your chest, failing to include them is a mistake. Consider answering common questions, such as working hours and paid leave. Researching the average salary for the role in these early stages will ensure you don’t waste your interviewer’s and the candidate’s time.

Skill gaps: Your company may need to bring in new skills beyond those required to complete the key role and duties. Thinking on an organisational level can be beneficial when contemplating skills diversity.

Legal requirements: Ensure your job advert and description does not ask for inappropriate or discriminatory personal details, such as age, marital status, or religion.


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