Budget Analyst

Aliases: Financial Budget Analyst

Industry/Sector(s): BFSI

JOB DESCRIPTION ¹

The tasks a Budget Analyst is expected to perform include:

Examining budget estimates for completeness, accuracy and conformance with procedures
Analysing monthly department budgeting and accounting reports to maintain expenditure controls

WORK ENVIRONMENT ^{4, 1}

It is a desk job
Need not handle a team
Local travelling is not part of this job role
Part-time work and contractual jobs are available in some cities
Work from home option is not available

Working hours

Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
Shift system is not available
Overtime may be required

Is the job suitable for a candidate with special needs?

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING ²

Preferably, graduate degree

KEY COMPETENCIES ¹

Proficient in compiling and analysing accounting records
Well-versed in interpreting budget directives and establishing policies for carrying out directives
Knowledge of performing cost-benefit analysis
Proficiency in reviewing operating budgets to analyse trends affecting budget needs
Skilled in summarizing budgets and submitting recommendations for the approval
Proficiency in using computers and various analysis tools

DESIRABLE COMPETENCIES ¹

Ability to think pragmatically
Reasoning skills
Ability to interpret data

AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES

Colleges across India

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS

SAMPLE OF TRAINING AND LEARNING COURSES

http://www.knowledgehut.com/finance/budget-analysis-and-forecasting-training

CAREER PROGRESSION PATH ¹

Junior Budget Analyst → Budget Analyst → Financial Manager

The progression is indicative

EXPECTED EARNINGS ³

For new entrants - Rs 15, 000 to Rs 25,000 per month

These figures are indicative and subject to change

REQUIRED WORK EXPERIENCE ³

Some organizations hire new entrants too

PROBABLE EMPLOYERS ^{3, 2}

Banks
Non-banking financial units

KEYWORDS

Financial Budget Analyst
Budget Analyst

OCCUPATIONAL CODES AND STANDARDS

Standard	Code	Description
NCO 2015	2412.0300	Budget Analyst
ISCO 2008	2412	Financial and Investment Advisors
NIC 2008	70200	Management consultancy activities
QP Reference	Not available	Not available
NSQF	Not available	Not available

REFERENCES

1	National Classification of Occupations Division 2

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