Placements Alley
U.S. Department of Defense
Budget Analyst
Colonial Beach, VA,
22443
Part Time, Full Time
$79,516 per year
Posted 10 days ago
Apply Now
Actively Hiring
Duties:
- Perform analytical and administrative duties related to the formulation, presentation, and execution of the annual budget.
- Research, compile, and estimate personnel salaries, training and travel expenses, contractual support, and other applicable costs.
- Monitor the use and rate of approved budget execution through ongoing dialogue with managers, review of documents, and examination of financial records.
- Ensure compliance with fiscal law and financial management procedures through continuous review and surveillance of fund execution.
- Review, analyze, and edit budget estimates and distribute funded allocations, ensuring accuracy and conformance with policies.
- Conduct in-depth analysis of budget requests using techniques like cost-benefit analysis, program tradeoffs, and explore alternative funding methods for current and future budget years.
- Assemble and develop strategy and supporting documentation for the Software Factory budget submission to higher headquarters.
Conditions of Employment:
- Appointment subject to a suitability or fitness determination following a completed background investigation.
- Eligibility for Secret security clearance required.
- Temporary Duty (TDY) or business travel requirement: 10% of time.
- Must obtain Financial Management Level 2 Certification within 2 years of employment.
- Appointment subject to a 3-year probationary period unless previously met as per 5 CFR Part 315.
Qualifications:
Who May Apply: U.S. Citizens
Specialized Experience: One year of specialized experience in the following:
- Leading the development and management of business account information using automated systems.
- Tracking obligations and expenditures to ensure proper fund allocation.
- Developing budget forecasts across fiscal years in consultation with senior leaders.
Education: No substitution of education for experience.
Additional Information:
- Male applicants born after December 31, 1959 must complete a Pre-Employment Certification Statement for Selective Service Registration.
- Required proof of U.S. citizenship.
- Direct Deposit of Pay required.
- The position may involve Permanent Change of Station (PCS) allowances, subject to applicable regulations.
- Multiple positions may be filled from this announcement.
Benefits:
- Comprehensive federal benefits package.
- Eligibility varies based on employment type (full-time, part-time, etc.).
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FAQ's
Find the answers for the most frequently asked questions below
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Yes, a budget analyst can be a good job. It offers opportunities for financial analysis, strategic planning, and problem-solving skills. The role is essential in various industries, providing a stable career path with potential for growth. However, it may require strong attention to detail and the ability to work with complex financial data.
A budget analyst is responsible for analyzing, evaluating, and recommending budget plans for an organization. They help manage financial resources effectively by forecasting future expenditures, monitoring spending, and identifying cost-saving opportunities.
Yes, a budget analyst typically requires a bachelor's degree in finance, accounting, economics, or a related field. Some positions may prefer or require a master's degree or additional certifications.
A budget analyst typically requires a bachelor's degree, often in fields such as finance, economics, or business administration. However, some positions may prefer or require a master's degree in these areas. The exact number of years can vary depending on the specific institution and the student's academic load, but it usually takes about 4 years for a bachelor's degree and 2 years for a master's degree.
Yes, a Budget Analyst job can be stressful due to the need to meet deadlines, work with large amounts of data, and make critical financial decisions that impact the organization's financial health. However, the level of stress can vary depending on the specific work environment and the individual's ability to manage their workload.
To become a Budget Analyst, typically, you would need to follow these steps:
1. Earn a bachelor's degree in finance, accounting, economics, or a related field.
2. Gain relevant work experience, such as internships or entry-level positions in finance or accounting.
3. Consider obtaining a Master's degree in Business Administration (MBA) or a related field for advanced positions.
4. Acquire certifications like Certified Management Accountant (CMA) or Certified Public Accountant (CPA) for career advancement.
5. Develop strong analytical, financial modeling, and communication skills.
6. Stay updated with financial regulations and economic trends.
A budget analyst for the government analyzes financial data, prepares budget reports, and makes recommendations to help manage and allocate resources effectively. They assist in the development and implementation of government budgets, ensuring fiscal responsibility and efficiency.
A budget analyst is responsible for evaluating, analyzing, and recommending plans for an organization's budget. They help manage financial resources effectively by forecasting future expenditures, assessing the financial impact of proposed projects, and identifying cost-saving opportunities.
Budget analysts are financial professionals who analyze and evaluate budgets to help organizations make informed financial decisions. They forecast future expenditures, assess the efficiency of current spending, and recommend cost-saving strategies. Their goal is to ensure that an organization's financial resources are used effectively and efficiently.