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In addition to providing technical analysis, budget analysts must communicate their recommendations effectively to officials within the organization. Analysts also evaluate programs to determine whether they are producing the desired results. Throughout the year, budget analysts oversee spending to ensure compliance with the budget and determine whether changes to funding levels are needed for certain programs. Budget analysts may recommend cutting spending on particular programs or redistributing extra funds. Budget analysts also may examine past budgets and research economic and financial developments that affect the organization's income and expenditures. Sometimes, budget analysts use cost–benefit analyses to review financial requests, assess program tradeoffs, and explore alternative funding methods. Although government officials or top executives in a private company usually make the final decision on an organization's budget, they rely on the work of budget analysts to prepare the information for that decision. They analyze data to determine the costs and benefits of various programs, and they recommend funding levels based on their findings.
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They prepare annual and special reports and evaluate budget proposals. Inform program managers of the status and availability of fundsīudget analysts advise various institutions-including governments, universities, and businesses-on how to organize their finances.Monitor organizational spending to ensure that it is within budget.Help the chief operations officer, agency head, or other top managers analyze proposed plans and find alternatives if the projected results are unsatisfactory.Explain their recommendations for funding requests to others in the organization, to legislators, and to the public.Combine all the program and department budgets together into a consolidated organizational budget and review all funding requests for merit.Review managers' budget proposals for completeness, accuracy, and compliance with laws and other regulations.Work with program and project managers to develop the organization's budget.
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Duties of Budget Analystsīudget analysts typically do the following: They prepare budget reports and monitor institutional spending. įinancial Budget Analyst Location of role: Chicago, IL 60601 Must be onsite 2 or 3 days a week Salary or Hourly range: 85K to 95K plus bonus Depending on experience DOE Key Points of the roleīudget analysts help public and private institutions organize their finances. We are looking for a Budget Analyst to support the Naval Surface Warfare Center, Port Hueneme Division (NSWC PHD) In-Service Engineering Agent (ISEA) mission for Modernization, Installation, and. DE (now remote ) for a long-term project. JURISolutions is seeking to identify a qualified Clinical Contract and Budget Analyst for a corporate client in Wilmington. Clinical Contract and Budget Analyst (Remote) (22-00185).The link will open in a new tab so that you can come back to this page to continue reading about the career: Top 3 Budget Analyst Jobs You will be able to see the very real job career requirements for employers who are actively hiring. As a first step, take a look at some of the following jobs, which are real jobs with real employers. Following is everything you need to know about a career as a budget analyst with lots of details.