OUR SERVICES: FINANCIAL ANALYSIS

Budget Analyst

What does a Budget Analyst do?

A Budget Analyst manages an organization’s financial resources by developing, monitoring, and analyzing budgets. They collaborate with various departments to gather budget requirements, forecast financial needs, and allocate funds accordingly. Budget Analysts review historical spending patterns, identify areas for cost savings or revenue generation, and prepare budget reports and presentations for management. They also monitor budget execution, track expenditures, and provide recommendations to ensure financial goals are met. Additionally, Budget Analysts may assist in long-term financial planning and support decision-making by providing economic insights and projections.

    Tier 1

    .

    		 1 to 2
    years of
    experience

    Tier 2

    .

    		 3 to 5
    years of
    experience

    Tier 3

    .

    		 > 5
    years of
    experience

    ABOUT THE ROLE

    Roles and Responsibilities

    • Developing, monitoring, and analyzing organizational budgets.
    • Collaborating with departments to gather budget requirements.
    • Forecasting financial needs and allocating funds accordingly.
    • Reviewing spending patterns and identifying cost-saving opportunities.
    • Tracking expenditures and ensuring adherence to budgetary guidelines.
    • Providing recommendations for financial goal attainment and supporting decision-making processes with financial insights and projections.

    Day-to-Day Duties

    • Gather budget requirements from departments.
    • Analyze spending patterns and trends.
    • Develop and monitor budgets.
    • Review budget reports and financial data.
    • Provide recommendations for cost-saving measures.

    SKILLS AND TOOLS

    Soft Skills

    • Communication skills
    • Analytical thinking
    • Attention to detail
    • Problem-solving abilities
    • Time management
    • Adaptability
    • Integrity
    • Collaboration

    Hard Skills

    • Financial analysis
    • Budgeting and forecasting
    • Data analysis and interpretation
    • Excel or other financial software proficiency
    • Report writing
    • Knowledge of accounting principles

    Tools

    Microsoft Excel, Google Sheets 70%
    Tableau, Power BI, or QlikView 90%
    QuickBooks, Xero, or SAP 80%

    Education

    Common Educational Backgrounds and Careers for this Role:

    • Public Accounting
    • Business administration
    • Forensic Finance
    • Economics
    • Public Administration
    • Mathematics
    • Statistics
    • Budget Management
    • Financial Analysis
    • Policy Analysis

    CANDIDATES TESTS

    Tests & Evaluations for Candidates

    QuickBooks

    QuickBooks Online (UK and US version) test to hire

    8/10

    Bookkeepers, accountants, financial clerks, financial managers, business and clerical administrators.

    GAAP

    Use the Financial accounting (US GAAP) test to hire

    8/10

    Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.

    IFRS

    Use the Financial accounting (IFRS) test to hire

    8/10

    Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.