What does a budget/finance analyst do?

A treasury analyst is an individual who manages and analyses the financial activities of an organization that can include cash flows, liability obligations, and assets. Treasury analysts are required to execute the daily cash management of the organization such as cash forecasting, investing of excess cash, and running a hedging program in interest rates. They must present monthly reports and daily briefings on cash flows to senior management and provide advice on the financial operations of the movement of cash. Treasury analysts also update treasury policies and procedures for the organization to comply.

While similarities exist, there are also some differences between budget/finance analysts and treasury analyst. For instance, budget/finance analyst responsibilities require skills such as "financial data," "financial management," "dod," and "financial performance." Whereas a treasury analyst is skilled in "treasury," "cash management," "ach," and "treasury operations." This is part of what separates the two careers.

Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.

While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that budget/finance analyst responsibilities requires skills like "financial management," "financial performance," "financial resources," and "accruals." But an analyst might use other skills in their typical duties, such as, "customer service," "troubleshoot," "project management," and "digital transformation."

A financial planner is responsible for handling client accounts and providing financial advice to determine the best investment options according to the clients' interests and risk appetite. Financial planners record the clients' living expenses as a part of their portfolio, identifying their long-term goals and objectives, and giving tax advice. They also educate clients with investment options and opportunities to improve the clients' account performance and sell financial products. A financial planner must have excellent analytical and communication skills to conduct data and statistical analysis, especially in researching financial instruments in the market.

There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a budget/finance analyst is likely to be skilled in "financial management," "dod," "financial performance," and "financial resources," while a typical finance planner is skilled in "financial aid," "financial services," "client facing," and "retirement planning."

A control analyst is an individual who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.