Financial Budget Analyst
Minimum ? Graduate degree with Mathematics
Will be updated
The tasks a Budget Analyst is expected to perform include:
Examining budget estimates for completeness, accuracy, and conformance with procedures and regulations
Analyzing monthly department budgeting and accounting reports to maintain expenditure controls
Proficiency in compiling and analyzing accounting records and other data to determine the financial resources required to implement a programme
Adept at directing the preparation of regular and special budget reports
Well-versed with interpreting budget directives and establishing policies for carrying out directives
Knowledge of performing cost-benefit analysis to compare operating programmes, reviewing financial requests, and exploring alternative financing methods
Proficiency in reviewing operating budgets to analyze trends affecting budget needs
Adept at summarizing budgets and submitting recommendations for the approval or disapproval of funds requests
Well-versed with consulting with managers to ensure that budget adjustments are made in accordance with programme changes
Knowledge of matching appropriations for specific programmes with appropriations for broader programmes, including items for emergency funds
Proficiency in using computers and various analysis tools and software
Will be updated
Strong mathematical skills
Ability to think logical
Ability to interpret data
Good team player
Strong communication skills
Good presentation skills
It is a desk job
Need not handle a team
Local travelling is not part of this job role
Part-time work and contractual jobs are available in some cities
Work from home option is not available
Working hours are 10/12 hours everyday for 5/6 days a week. This may vary from company to company
Shift system maybe available
Is the job suitable for a candidate with special needs?
This job is not considered to be hazardous or dangerous
Occupational hazards include strain on eyes, cervical and lumbar spondylosis, carpal tunnel syndrome, mental stress, etc.
Will be updated
Overview of Banking, Financial Services and Insurance Industry in India
The BFSI industry is one of the fastest growing sectors in the country. Public Sector Banks (PSB) and Non-Banking Financial Companies (NBFC) have been the leading employers in the Indian banking sector, accounting for more than 73 per cent employees. PSBs are much ahead of Private Sector Banks in expanding overseas presence, accounting for over 90% of 171 overseas branches as of FY13.
Banking credit is expected to grow at a CAGR of 17 per cent during 2012-13 to 2016-17. The banking and NBFCs are expected to generate around 1.5 million new jobs between 2013?14 and 2016?17 on account of business expansion, retirement primarily in PSBs and entry of new banks in the private sector.
The sector currently employs over 2.55 million employees and is slated to employ more than 4.2 million employees by 2022. This implies additional creation of 1.6 million jobs in the nine-year period. Keeping in mind the current employment, and the expected growth in the Banking and NBFC, we project that the total employment in the particular segment would increase from about 1.89 million in 2013 to 3.2 million jobs in 2022, which translates to an incremental human resource requirement of about 1.3 million jobs. All these factors mean that there will huge opportunities for Budget Analyst and other professionals in this sector.
Banking companies across India
Non-banking financial companies across India
Towns and cities across India