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Budget/finance analyst skills for your resume and career

Updated January 8, 2025
5 min read
Quoted experts
Stefano Colafranceschi Ph.D.,
Stefano Colafranceschi Ph.D.
Below we've compiled a list of the most critical budget/finance analyst skills. We ranked the top skills for budget/finance analysts based on the percentage of resumes they appeared on. For example, 8.4% of budget/finance analyst resumes contained financial data as a skill. Continue reading to find out what skills a budget/finance analyst needs to be successful in the workplace.

15 budget/finance analyst skills for your resume and career

1. Financial Data

Here's how budget/finance analysts use financial data:
  • Evaluated financial data submitted by Program and Cost Center Managers for accuracy, completeness and adequacy.
  • Managed and researched commitment /obligation information to ensure the reporting of timely and accurate financial data.

2. Financial Analysis

Here's how budget/finance analysts use financial analysis:
  • Performed financial analysis and monthly reporting in order to monitor finances associated with business operations, targeting financial performance expectations.
  • Supervised team of budget admins that supported senior leadership with financial analysis allowing the enterprise to successfully achieve financial targets.

3. Financial Management

Here's how budget/finance analysts use financial management:
  • Designed procedures to complete IT Financial Management report; accompanied CIO to corporate headquarters for report presentation.
  • Reviewed and checked for financial management compliance, administrative compliance and programmatic reviews while conducting site visits.

4. DOD

Definition of Done (DoD) is a set of deliverables that are needed to devise software. These deliverables are valuable to the system and can be exemplified by writing code, coding comments, unit testing, integration testing, design documents, release notes, and so on.

Here's how budget/finance analysts use dod:
  • Executed current year funding with a primary focus on reimbursable funds from external Federal, Intelligence Community and DoD agencies.
  • Assigned to and provided direct support to the DoD Test Resources Management Center (TRMC).

5. Financial Performance

Here's how budget/finance analysts use financial performance:
  • Supported strategic planning, forecasting, analysis of financial performance, expense and revenue analysis.
  • Developed a monthly forecasting methodology designed to quickly update senior management on financial performance.

6. Financial Resources

Fіnаnсіаl rеѕоurсеѕ аrе ѕоurсеѕ оf fundѕ thаt a buѕіnеѕѕ can drаw uроn tо bе successful, to finance its investments, саріtаl, and day-to-day operations. It соvеrѕ аll fіnаnсіаl fundѕ оf the organization fоr the іmрlеmеntаtіоn оf сurrеnt costs and extended rерrоduсtіоn еxреnѕеѕ, fоr the fulfіllmеnt оf financial оblіgаtіоnѕ аnd economic incentives fоr еmрlоуееѕ.

Here's how budget/finance analysts use financial resources:
  • Examined past and current budgets to evaluate financial resources.
  • Analyzed and reconciled accounting records to determine the financial resources required to implement programs and submitted recommendations for budget allocations.

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7. Data Analysis

Here's how budget/finance analysts use data analysis:
  • Utilized ORACLE 11i, R12, and Strong Business Objects / Warehouse, SharePoint, SQL and data analysis experience.
  • Created financial and accounting controls: data analysis, spreadsheets and data tracking (consultants, IT hours).

8. Accruals

Here's how budget/finance analysts use accruals:
  • Updated monthly accruals and projections and performed variance analysis to support forecasting accuracy and for preparation of monthly and quarterly reports.
  • Worked closely with CFO to support BRR requirements, submitted Accruals, Portfolio updates and provided explains.

9. ERP

Enterprise Resource Planning (ERP) is computer software used by major corporations and organizations for conducting their management and accounting tasks efficiently. ERP systems bind different business processes with each other allowing smoother flow of data between them resulting in swift project assessment and completion.

Here's how budget/finance analysts use erp:
  • Designed financial side of ERP system, coordinated implementation and conversion from old system.
  • Facilitated the Account Reconciliations into the ERP System.

10. Budget Analysis

Budget analysis entails explaining and examining the components of revenue and expenditure in a budget plan. The primary aim of the budget analysis is to predict and control future expenditures, needs, thus providing the information needed to prepare a budget for the subsequent fiscal cycle. The structure of the budget can vary based on the goals that the organization aims to accomplish.

Here's how budget/finance analysts use budget analysis:
  • Designed Budget Analysis Report for Senior Management containing detailed subsidiary information and analysis.
  • Budget analysis ensuring that all obligations and commitments were recorded accurately.

11. Management System

A management system is a set of policies, processes, and procedures taken by an organization or a business to ensure it can fulfill its tasks and achieve its objectives. A management system makes sure that the company excels financially and improves the user experience. The management system also takes care of the worker's and employees' needs and manages their workload and oversees their performance. Apart from interior matters of the company, a management system also deals with exterior matters like legislations, tax matters, and law issues.

Here's how budget/finance analysts use management system:
  • Served on the committee for evaluating and recommending the financial information management system to be used for the year 2000..
  • Provide strategic planning and guidance in the continued development of the agency's Integrated Capital Management System (ICMS).

12. Financial Models

Here's how budget/finance analysts use financial models:
  • Developed dynamic financial models that assist in measuring performance and producing relevant analysis of Key CGU areas of operation.
  • Developed methodologies/financial models for reporting payroll and non-payroll related expenses within Sprint customer service division.

13. Cognos

Here's how budget/finance analysts use cognos:
  • Identified operating trends affecting budget needs using Excel, Cognos and General Ledger.
  • Analyzed forecast and actuals financial reports by using price analysis/cost accounting techniques from Cost Point and Cognos.

14. PPBE

Here's how budget/finance analysts use ppbe:
  • Tracked FMS Admin funds throughout PPBE and determined allocation of FMS Admin funds.
  • Provided PPBE support for millions of dollars of requirements.

15. Variance Analysis

Here's how budget/finance analysts use variance analysis:
  • Developed and trained junior staff on operational accounting, variance analysis, and group, regulatory and international accounting standards.
  • Prepared & distributed monthly variance analysis to identify & explain significant expense & revenue variances.
top-skills

What skills help Budget/Finance Analysts find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What hard/technical skills are most important for budget/finance analysts?

Stefano Colafranceschi Ph.D.

Assistant Professor, Eastern Mennonite University

Quantitative and technical skills like coding, knowledge of complex hardware and/or software systems, and the ability to perform quick and dirty calculations are of utmost importance. Depending on the context, specific skills might be required by the job, however, handling any type of computer language/framework plus a math-oriented mindset often is a winning mix.

What skills stand out on budget/finance analyst resumes?

Stefano Colafranceschi Ph.D.

Assistant Professor, Eastern Mennonite University

In my opinion, logic and organization are the two most essential soft skills. Logic drives the analysis process to make it efficient, complete, and effective. An organized and logical work enables further optimization and tuning to understand the implications of the strategies about to be implemented.

What soft skills should all budget/finance analysts possess?

Stefano Colafranceschi Ph.D.

Assistant Professor, Eastern Mennonite University

Definitively a team working attitude and communication skills. Nowadays, everything is accomplished within the realm of a team, so functioning well in that dynamic, diverse context is crucial. No matter your role in the team, use your capacity to contribute to the shared goal.
Of course, translating and abstracting your work to a larger audience should also be the focus of your activity.

What budget/finance analyst skills would you recommend for someone trying to advance their career?

Jarrad Harford Ph.D.Jarrad Harford Ph.D. LinkedIn profile

Professor of Finance, University of Washington

They should try to enhance the practical skills to complement the foundational knowledge they learned in college. So, this could include spreadsheet modeling, programming in R, expertise with Bloomberg terminals, etc. There are plenty of online courses that can help with these types of practical skills.

List of budget/finance analyst skills to add to your resume

Budget/finance analyst skills

The most important skills for a budget/finance analyst resume and required skills for a budget/finance analyst to have include:

  • Financial Data
  • Financial Analysis
  • Financial Management
  • DOD
  • Financial Performance
  • Financial Resources
  • Data Analysis
  • Accruals
  • ERP
  • Budget Analysis
  • Management System
  • Financial Models
  • Cognos
  • PPBE
  • Variance Analysis
  • Reconciliations
  • Financial Support
  • Payroll
  • Budget Execution
  • Purchase Orders
  • General Ledger
  • Logistics
  • Financial Systems
  • Strong Analytical
  • Journal Entries
  • Budget Development
  • Process Improvement
  • Hyperion
  • Internal Controls
  • Budget Preparation
  • Budget Reports
  • Budget Formulation
  • Cost Analysis
  • Trend Analysis
  • Capital Budgets
  • Develop Spreadsheets
  • POM
  • STARS
  • OMB
  • Miprs
  • Financial Operations
  • GAAP
  • PeopleSoft
  • Budget Variances
  • Financial Policies
  • Balance Sheet
  • Cash Flow
  • Expense Reports

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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