- Featured in:
-
More Budget Specialist Resumes
Use these Budget Specialist samples as a guideline or visit our extensive library of customizable resume templates.
Select
Customize
Download
Find out what is the best resume for you in our Ultimate Resume Format Guide.
Additional Finance Resume Samples
Budget Specialist Resume Samples
No results found
0-5 years of experience
Preparation and regular and special budget reports.
- Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
- Examine budget estimates and completeness, accuracy, and conformance with procedures and regulations.
- Compile and analyze accounting records and other data to determine the financial resources required to implement accounting module.
- Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
- Efficiently created and implemented FY14 operational budget.
0-5 years of experience
- Informed department managers of the due dates for the submission of budget information.
- Examined capital budget requests and issued recommendations to the approval committee.
- Compared actual to budgeted results at the end of each reporting period, and reported on significant variances.
- Proposed enhancements to the budget model.
- Aided establishing annual spend and obligations plans.
- Evaluated performance of funding allocation.
- Prepared monthly financial statements for executive officers.
- Actual to budget/forecast variance analysis
0-5 years of experience
- Acted as central point of contact for managing the US/CAN marketing team’s PO and invoice transactions.
- Accurately processed and tracked team’s purchase order requests, check requests, receipts against PO’s & vendor set up.
- Consistently maintained team’s Excel expense tracker used for monthly reconciliation against general ledger.
- Followed expense mapping matrix to ensure correct coding of all transaction within purchasing system.
- Coordinated quarterly DAP submissions and matched submissions to program spend.
- Supported transactions between high risk vendors, government organizations, and independent third parties.
- Created Excel reports, primarily pivots, as needed.
- Managed interactions with vendor accounts receivable.
0-5 years of experience
- Works with management on an annual basis in the preparation of the agency wide budget to prepare departmental budgets and individual sites.
- Prepares monthly financial reports and any other budget reviews; performs quarterly budget reviews and works closely with management and departmental staff in identifying budget discrepancies, issues and shortfalls between budget and actual data.
- Prepares and reviews accounting and other records; utilizes these records in the preparation of periodic reports on budget status.
- Process requests for budget reallocation and re-assignment submitted by departments and once approved enters budget revisions into the system; prepares compilation of statistical analysis to support and validate budget requests.
- Analyzes trends affecting budget needs and consults with managers and directors to ensure adjustments are made in accordance with program changes to facilitate long-term planning.
- Approves departmental requisitions ascertaining that they conform to budget guidelines and are within budget authority.
- Reviews Human Resources requests ensuring there are no unbudgeted positions.
0-5 years of experience
- Operate directly under Deputy Director of Budgeting
- Organize funds received from County Officials
- Conduct continuous expense reports for specific time periods
- Formulate a proposed budget for the upcoming Fiscal Year.
- Review requisitions and approve/disapprove depending on fund availability.
- Prepare cost projections for presentation to Executive Command Staff.
- Attend Commissioner Meetings as needed.
0-5 years of experience
- Prepare monthly and quarterly financial budgetary reports for state issued grants. Reports must comply with state and federal rules and regulations
- Researches current and previous year expenditures and coordinates with unit personnel to determine staffing levels and equipment needs to develop annual program and biennial budget
- Monitor weekly revenue and expense cost; trial balances
- Monitor procurement costs of equipment, training, supplies, publications, supplies, and vehicle repairs; Utilizing pivot tables; Compile budget data onto excel spreadsheet, data includes cost for salaries and benefits.
- Identifies cost accounting errors by examining time distribution reports, preparing journal entry to correct the error and submit document to supervisor for approval
- Maintain general ledger accounts
- Approve purchase orders, assign purchase order identification numbers; enter data into accountingredients system (Great Plains and/or AASIS)
- Attend weekly staff meetings to explain financial conditions to assistant directors; identify noticeable trends and forecast programs expenditures
Budget Specialist Duties and Responsibilities
Because budget specialists work in a variety of industries and sectors, they may have different responsibilities depending on an organization’s policies, procedures, and activities. However, based on listings that we analyzed, budget specialists share several core duties across industries:
Analyze Existing Budgets One of the major duties of a budget specialist is analyzing existing budgets on both departmental and organizational levels. They may gather monthly or annual budgets and compare them to actual expenditures, income, and costs, noting any significant deviations or excessive spending. Budget specialists tend to work across departments, reviewing financial and accounts payable information to make informed decisions about budgeting.
Develop Budgets and Forecasts Another primary responsibility of the budget specialists is to actively develop budgets and cash flow forecasts. They may have oversight of organizational budgets as well as departmental budgets and work to ensure that these budget activities align with cash flow expectations and long-term financial plans. Budget specialists also develop forecasts to support long-term budget management and business growth.
Perform Cost-Benefit Analyses Frequently, budget specialists conduct cost-benefit analyses for individual departments or the organization as a whole. In this aspect of the role, a budget analyst examines current spending and cash flow, market and financial forecasts, and overall business goals to make recommendations and guide executive decision-making. They may directly advise leaders on decisions like relocating, expanding operations to a new market, or hiring more personnel.
Manage Cash Flow Budget specialists help manage an organization’s cash flow through strategic planning and assessment. A budget specialist may examine a corporation’s overall sales numbers or a nonprofit’s donation and sponsorship records, comparing them to expected expenditures and recurring operating costs to identify potential cash flow issues. The budget specialist may also make recommendations to reduce expenditures or better manage and allocate incoming funds.
Provide Financial Advice Budget specialists provide day-to-day financial guidance for organizations and departments. A budget specialist might meet directly with a department manager to provide advice on developing and maintaining a budget and give guidance on how that department’s budget fits into the organization’s financial plans. A budget specialist also works with executives to provide information on projected financial performance and budget shortfalls.
Prepare Budget Reports In addition to analyzing and guiding overall budget activity, a budget specialist also prepares periodic budget and financial reports. By assessing financial data and developing forecasts, the budget specialist reports on financial performance and irregularities and supports financial reporting and compliance activities. These reports also compare budgets and expenditures throughout any given period in order to identify and eliminate variances.
Budget Specialist Skills and Qualifications
Budget specialists tend to be highly analytical, able to examine financial information to contribute to budget development and reporting. Companies typically hire candidates with at least a bachelor’s degree and the following skills:
- Financial literacy – this position requires an excellent grasp of financial principles and best practices to allow the budget specialist to make accurate recommendations to organizational leaders
- Budget development – a background in budget development is essential for budget specialists. They should be comfortable interpreting financial performance and forecasts to develop financial plans
- Cash flow management – budget specialists play an important role in managing an organization’s cash flow, so familiarity with best practices for recognizing and managing expenditures and income is key
- Communication skills – budget specialists should be effective communicators, able to speak directly with executives and write clear, detail reports
- Analytical skills – this role requires a high level of analytical skill, as budget specialists frequently review previous budgets and financial reports while developing new budgets
Budget Specialist Education and Training
Budget specialists typically have at least a bachelor’s degree in a related field, such as finance or business administration. Many budget specialists also complete master’s degrees to provide further opportunities for employment and advancement. While no certification is required for this role, experience as a CPA can be extremely helpful. There are many opportunities for on-the-job training as budget specialists develop deeper familiarity with their organization’s financial goals and performance.
Budget Specialist Salary and Outlook
While the Bureau of Labor Statistics (BLS) does not provide information specific to budget specialists, its reports on budget analyst salaries provide a helpful starting point because of the overlap between these roles. The BLS found that budget analysts earn a median annual salary of $73,840. This is slightly higher than Glassdoor’s estimate of $66,040 per year for budget specialists, which is based on 21 reported salaries. The BLS expects budget analyst employment to grow 7 percent by 2026, and budget specialists may experience similar growth.
Helpful Resources
We searched the web and located several resources for further reading and information on a career as a budget specialist:
Nonprofit Accounting Basics: Budgeting Practices – read about the difference between nonprofit and corporate budget development and management
Budgeting for Managers – learn more about managing and developing departmental budgets and how they relate to organization-wide budget management
“The Right Way to Prepare Your Budget” – discover best practices for business budget management and how to balance cash flow and expenditures to keep businesses growing
The Essentials of Finance and Budgeting – the Harvard Business School Press and? the Society for Human Resource Management jointly published this book, which focuses on budgeting for HR departments but offers principles and practices that can be used across departments and organizations
Rate This Article
Budget Specialist
Last edited by: Gabriela Barcenas, CPRW, Content Writer II -
Gabriela Barcenas
CPRW, Content Writer IIGabriela is a Certified Professional Resume Writer (CPRW) and career adviser. With 10 years of digital media experience and five years of resume writing expertise, her publication history includes fashion, education, travel, social justice, equitable design and career advice.
