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Fiscal analyst skills for your resume and career

Updated January 8, 2025

5 min read

Quoted experts

Lynne Zelenski Ph.D.,

Fang Lin

Below we've compiled a list of the most critical fiscal analyst skills. We ranked the top skills for fiscal analysts based on the percentage of resumes they appeared on. For example, 8.8% of fiscal analyst resumes contained payroll as a skill. Continue reading to find out what skills a fiscal analyst needs to be successful in the workplace.

15 fiscal analyst skills for your resume and career

1. 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 fiscal analysts use payroll:

Performed duties to prepare overtime and merit increment amounts, and retirement forms for approximately 103 optional deductions for semi-monthly payroll.
Monitor salary one-sheets for principal investigators and their staff and provide instructions related to salary distributions to payroll coordinators.

2. Financial Data

Here's how fiscal analysts use financial data:

Participated in preparing budgets, monitoring fiscal operations, analyzing financial data and developing fiscal resources, such as grants.
Compile financial data and prepare certain combining and fund financial statements/statistical schedules and notes for the Comprehensive Annual Financial Report.

3. 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 fiscal analysts use management system:

Analyze management systems, department policies and procedures, and make recommendations on how to improve operations.
Review and evaluate fiscal evidence associated within the division's operations and management system (SIROMS).

4. GAAP

Here's how fiscal analysts use gaap:

Maintain GAAP and SAAM through careful examination of requested employee and vendor reimbursements.
Reconciled Statute of Limitations reports and processed journal vouchers to ensure GAAP compliance.

5. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how fiscal analysts use financial statements:

Create and prepare audit letters determining compliance or non-compliance from information provided by schools and audited financial statements.
Provided faculty with monthly financial statements for their Federal grants and industry sponsored clinical trials.

6. Reconciliations

Here's how fiscal analysts use reconciliations:

Reviewed sub-grantee payments for support and ensured reconciliations of invoices with the agency financial information.
Prepare periodic general ledger balance sheet account reconciliations, as well as adjusting entries related to the reconciliations.

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7. Financial Management

Here's how fiscal analysts use financial management:

Responded to Financial Management Reviews and audits.
Process travel reimbursements and travel advances in accordance with the Office of Financial Management and DOC policies and procedures.

8. Financial Analysis

Here's how fiscal analysts use financial analysis:

Prepare budget to actual variance reports and financial analysis and present monthly to appropriate programmatic and administrative staff.
Provided complexfinancial analysis and guidance to Department Chair to aid in program development.

9. Journal Vouchers

Here's how fiscal analysts use journal vouchers:

Prepare and process cash receipts, manual warrant transaction and journal vouchers into Advantage.
Prepared fiscal year end closing adjustment and accrual journal vouchers for revenues and receivables.

10. Medicaid

Here's how fiscal analysts use medicaid:

Assist Medical Policy staff with drafting of utilization assumptions of new of revised benefit changes for Texas Medicaid population.
Audited Community Alternative Program invoices and billing forms for accuracy and ensured compliance with Medicaid rates and guidelines.

11. Data Analysis

Here's how fiscal analysts use data analysis:

Performed data analysis on very large databases using Business Intelligence, Data Retrieval, and Data Analysis tools.
Provide data analysis, purchase requisitions, journal entries, and direct expenditure vouchers on a daily basis.

12. State Agencies

State Agencies, also called government agencies, are organizations associated with the government that oversee various aspects of society. These handles often handle administrative paperwork to ensure all laws, rules, and regulations are followed. State agencies include the Tennessee Valley Authority, Washington State Department of Labor, and Texas Health and Human Services Commission.

Here's how fiscal analysts use state agencies:

Provide support in researching and preparing financial and informational data to governing state agencies.
Prepared fiscal impact statements and annual reports for 20 Alabama State agencies with budgets totaling in excess of $20 million.

13. Journal Entries

Journal entries can be defined as an act of keeping or making records of any transactions either economic or non-economic. The journal entries are made in the accounting systems of an organization. The entries are filled with two main fields; debit and credit. The debit and credit must be equal at the end of a journal entry else it is not considered correct. The journal entries also keep the date of transactions and the names of the accounts that were affected by the transactions.

Here's how fiscal analysts use journal entries:

Prepare, review, and interpret financial reports; prepare and submit journal entries to ensure that expenditures are accurately reported.
Reconcile all bank statements and create all journal entries for the Business Partnership Foundation and Corporate Solutions, LLC.

14. Purchase Orders

Here's how fiscal analysts use purchase orders:

Review purchase order documentation for accuracy.
Processed all international purchase orders, travel reimbursement and direct expenditure vouchers in compliance with Internal Revenue Service tax laws.

15. Financial Policies

Here's how fiscal analysts use financial policies:

Assure that Core Providers comply with all financial policies and directives.

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What skills help Fiscal Analysts find jobs?

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

What skills stand out on fiscal analyst resumes?

Lynne Zelenski Ph.D.

Director of Academic Services, Michigan State University

Quantitative, communication, critical thinking, analysis and problem solving, organization, strong work ethic.

What fiscal analyst skills would you recommend for someone trying to advance their career?

Fang Lin

Assistant Professor of Finance, Pacific Lutheran University

Don't be afraid to negotiate your starting salary. Young journalists have a lot to offer newsrooms through social media skills and a willingness to adapt to new technologies such as artificial intelligence. Technology skills have value and should not be undersold. Also, young journalism students should not discount the value of their student media and internship experiences. Young journalists must use everything on their resumes to show how they bring value to their position and ask to be compensated fairly for the work they will contribute to the newsroom's success.

What soft skills should all fiscal analysts possess?

Charles Makar

Instructor of Business, Misericordia University

Communications skills (oral and written).

Do you want to know more?

List of fiscal analyst skills to add to your resume

The most important skills for a fiscal analyst resume and required skills for a fiscal analyst to have include:

Payroll
Financial Data
Management System
GAAP
Financial Statements
Reconciliations
Financial Management
Financial Analysis
Journal Vouchers
Medicaid
Data Analysis
State Agencies
Journal Entries
Purchase Orders
Financial Policies
Financial Transactions

FTE
Budget Preparation
Budget Development
Fiscal Reports
Grants Management
Internal Audit
Fiscal Analysis
Accruals
Federal Regulations
Statistical Reports
Technical Assistance
Cash Management
Afrs
Internal Controls
PeopleSoft
Fixed Assets

Budget Reports
Ledgers
Budget Process
Vendor Payments
Expenditure Reports
SharePoint
Legislative Committee
UW
Fiscal Operations
Capital Projects
Expense Reports
Process Payments
NIH
IRS
Audit Findings

Updated January 8, 2025

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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