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Budget manager skills for your resume and career

Updated January 8, 2025
4 min read
Below we've compiled a list of the most critical budget manager skills. We ranked the top skills for budget managers based on the percentage of resumes they appeared on. For example, 6.7% of budget manager resumes contained financial analysis as a skill. Continue reading to find out what skills a budget manager needs to be successful in the workplace.

15 budget manager skills for your resume and career

1. Financial Analysis

Here's how budget managers use financial analysis:
  • Performed complex financial analysis with regard to account reconciliation and schedule preparation for annual audit compliance.
  • Created quarterly and annual financial analysis for senior management and external auditors on non-performing loans.

2. Budget Management

Here's how budget managers use budget management:
  • Provided administrative and budget management support for two centers.
  • Study, prepare, prorate and control with the actual figures of the monthly budget management, analyzing the resulting variations.

3. Financial Management

Here's how budget managers use financial management:
  • Increased productivity and eliminated performance gaps by creating innovative systems, tools and applications that expedited budgeting and financial management.
  • Analyzed complicated budget reports from various financial management systems.

4. Budget Development

Budget development is the process of estimating the revenue and expenses for a period of time. A budget is a financial plan that can be adopted by an individual, government, or business.

Here's how budget managers use budget development:
  • Strengthened coordination of budget activities by systematizing financial models which aided IT division in budget development and performance analysis.
  • Developed an integrated budget development and management system utilizing SBT accounting, financial reporter, and Lotus 1-2-3 software.

5. Payroll

Payroll is the sum of all the compensation that an organization has to pay to employees at a specified time. Payroll is managed by the finance or HR department while small business owners may handle it themselves. Payroll isn't fixed as it varies every month due to sick leaves, overtime, etc.

Here's how budget managers use payroll:
  • Supervised Business Office administration, including accounts payable and payroll activities.
  • Processed payroll for community assistants in residence halls.

6. Variance Analysis

Here's how budget managers use variance analysis:
  • Led financial operations relating to monthly forecast analysis and modeling, financial reporting and variance analysis.
  • Performed variance analysis, recommends corrective action when actual deviate from budgeted amounts.

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7. Financial Data

Here's how budget managers use financial data:
  • Present reports showing financial data for decision making and support analysis across all clinical departments generating revenue on a monthly basis.
  • Utilized Global Software's Spreadsheet Server to implement automation of gathering financial data and reduced time in preparing monthly financial statements.

8. Budget Preparation

Budget preparation is a calculative process between the finance department and the spending department. It indicates the start of the budget process and supervises departments and agencies for developing revised assessments (for the past year) and budget estimates (for the coming year). Budget preparation makes the organization responsible for its expenses, lessens costs, and provides for a worst-case scenario. It works as an assessment tool that can visually explain if you have sufficient funds to operate or to grow.

Here's how budget managers use budget preparation:
  • Provided advice to management on all financial reporting, spending projections and budget preparations.
  • Assisted with operating and capital budget preparation, monitoring, and execution.

9. Process Improvement

Here's how budget managers use process improvement:
  • Developed and Implemented a process improvement which to ensure proper posting for monthly probation receivables.
  • Worked on financial and project tracking process improvement initiatives as defined by Director.

10. Accruals

Here's how budget managers use accruals:
  • Worked with finance to accurately produce monthly billing reconciliations and client facing accruals.
  • Reviewed contracts and developed appropriate accruals based on timetables.

11. Internal Controls

Here's how budget managers use internal controls:
  • Developed and implement internal controls over expenditure process.
  • Reviewed and monitored internal controls.

12. Financial Models

Here's how budget managers use financial models:
  • Improved efficiency of budget processes by developing financial models for compiling and reporting monthly performance data from multiple units.
  • Updated and maintained complex financial models to forecast operating supervisor and hourly employee headcount.

13. Financial Performance

Here's how budget managers use financial performance:
  • Reviewed monthly financial performance and provided adequate, timely explanations of budget variances for financial reporting to senior management.
  • Worked directly for TMG President to analyze and monitor financial performance and indirect performance.

14. Capital Budgets

Here's how budget managers use capital budgets:
  • Coordinate preparation of annual operating and capital budgets for various departments and monitor actual performance against the budget and projections.
  • Developed and managed all department and capital budgets associated with department projects and operations.

15. 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 managers use budget analysis:
  • Consulted with units or departments regarding budget analysis, financial reports, reconciliations, irregular and unusual transactions and problem resolutions.
  • Supervised a staff of six with responsibility for forecasts, operating plans based on current activity levels and budget analysis.
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List of budget manager skills to add to your resume

Budget manager skills

The most important skills for a budget manager resume and required skills for a budget manager to have include:

  • Financial Analysis
  • Budget Management
  • Financial Management
  • Budget Development
  • Payroll
  • Variance Analysis
  • Financial Data
  • Budget Preparation
  • Process Improvement
  • Accruals
  • Internal Controls
  • Financial Models
  • Financial Performance
  • Capital Budgets
  • Budget Analysis
  • Journal Entries
  • Program Budget
  • Internal Audit
  • Direct Reports
  • Budget Estimates
  • General Ledger
  • Capital Projects
  • Strategic Plan
  • Cost Savings
  • Strategic Financial Planning
  • Executive Management
  • Technical Assistance
  • Cost Analysis
  • GAAP
  • Financial Operations
  • FTE
  • ERP
  • Financial Forecasts
  • Financial Results
  • Cost Centers
  • Departmental Budget
  • Balance Sheet
  • Expense Reports
  • CIP
  • Budget Variances
  • Capital Expenditures
  • Budget Systems
  • Essbase
  • Budget Issues
  • ROI
  • A/P
  • Fixed Assets

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.

Updated January 8, 2025

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