Federal Budget Analyst Job Profile and Description
Federal Budget analysts help the government to allocate their financial resources. They develop, analyze and execute budgets as well as estimate the future financial needs of the government. A federal budget analyst’s main job is to find the most efficient way to distribute funds and other resources among other departments and programs.
Federal Budget Analyst’s Duties and Responsibilities
The duties and responsibilities of a federal budget analyst are as follows:
To develop a budget, analyze it and then execute it.
To analyze the available funds, resources and then distribute it among different departments and programs undertaken by the departments.
Consult with managers to ensure that budget adjustments are made in accordance with the program changes.
Review operating budgets to analyze trends affecting budget needs.
To evaluate the performance of the different programs.
To analyze the different policies of the Government.
Involvement in the drafting of budget related legislation.
Summarize budgets and submit recommendations for the approval or disapproval of funds request.
Interpret budget directives and establish policies for carrying out those directives.
To seek new ways to improve efficiency and increase profits.
Federal Budget Analyst’s Skills and Specifications
The candidate should be able to take mental stress with patience.
Should be able to take down work independently without any prior assistance.
Schedules of the budget analyst vary throughout the budget cycle and many are required to work for additional hours during the initial development, mid- year reviews and final reviews of budgets.
Should have good communicative skills as during certain occasions the budget analysts have to travel and interact to obtain budget details first hand.
Federal Budget Analyst Education and Qualification
A bachelor’s degree is the minimum educational requirement for the job of a federal budget analyst.
A masters degree is however preferred over a bachelor’s degree.
Any applicant with a bachelor’s degree in political science, accounts, finance, economics, statistics, sociology and public administration is entertained.
Applicants with strong mathematical skills or with strength over statistics are given priorities
Federal Budget Analyst Salary
In Federal government the analysts generally start their careers as a trainees earning $20,600 or $25,500 a year. Candidates with a master’s degree might begin with 31,200.Starting salaries might be high in certain areas where prevailing local pay is higher. In managerial positions the pay is around $52,000
Category: Analyst Job Descriptions