Budget Technician

Industry:
Public Sector
Last Updated:
July 19, 2023

Job Description Overview

Are you interested in a Budget Technician job description? As a Budget Technician in the Public Sector industry, your primary responsibility is to assist with the preparation, presentation, and maintenance of a government agency's budget. Your duties include monitoring expenses, tracking spending, and producing financial reports. A Budget Technician may also be responsible for tracking grants, forecasting future expenses, and performing analysis to identify areas for cost savings.

To be successful in this role, you need to have a background in accounting, finance, or a related field, as well as strong analytical skills and attention to detail. Experience working with spreadsheets and financial software is also necessary. Communication skills are essential for working with stakeholders and presenting data to management.

If you are interested in a career as a Budget Technician, apply now and begin your journey in finance and accounting in the Public Sector industry.

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Job Duties and Responsibilities

  • Review and process financial documents, such as purchase orders and invoices.
  • Create and maintain spreadsheets to track expenditures and revenues.
  • Collaborate with department managers to develop and monitor budgets.
  • Prepare reports to summarize budget information and provide analysis.
  • Ensure compliance with financial policies and regulations.
  • Identify areas for cost savings and make recommendations to management.
  • Assist with the annual budget preparation process.
  • Monitor and reconcile financial data in accounting systems.
  • Respond to inquiries from internal and external stakeholders regarding budget information.
  • Participate in training and professional development opportunities to stay current on financial best practices.

Experience and Education Requirements

To become a Budget Technician in the Public Sector, you need a high school diploma or GED. However, many employers prefer candidates with an associate's or bachelor's degree in accounting, finance, or a related field. Experience working in finance, accounting, or budgeting is also essential, often requiring several years of work in a related role. Budget Technicians should know how to prepare and analyze financial reports, as well as how to use software and spreadsheet programs such as Microsoft Excel. Strong communication and teamwork skills are essential since Budget Technicians are required to interact with people from different departments and explain financial data to non-experts.

Salary Range

A Budget Technician plays an essential role in the Public Sector industry and is responsible for analyzing and preparing financial reports, creating and monitoring budgets, and ensuring compliance with regulations. The expected salary range for a Budget Technician in the United States can typically range from $35,000 to $75,000 annually, with an average salary of around $50,000. However, salaries can vary depending on factors such as location, experience, and education level. For example, a Budget Technician in California can earn an average salary of around $62,000, while in Texas, the average salary is around $45,000. In Canada, a Budget Analyst earns an average salary of around CAD 59,000 per year. 

Sources:

  • PayScale: https://www.payscale.com/
  • Glassdoor: https://www.glassdoor.com/index.htm
  • Salary Expert: https://www.salaryexpert.com/

Career Outlook

As a Budget Technician in the Public Sector industry, the career outlook seems promising for the next 5 years. According to the Bureau of Labor Statistics, employment for Budget Technicians is projected to grow 6 percent from 2019 to 2029, faster than the average for all occupations. This growth is attributed to the increasing demand for government services and the need for financial management in the public sector. Furthermore, with the federal government's recent stimulus packages and increasing concern for fiscal responsibility, Budget Technicians' expertise and skills are valued more than ever. Therefore, it's safe to say that the career opportunities for Budget Technicians in the Public Sector industry are growing and will continue to do so in the coming years.

Frequently Asked Questions (FAQ)

Q: What is a Budget Technician?

A: A Budget Technician is someone who assists in preparing and analyzing budgets for government agencies or departments.

Q: What does a Budget Technician do?

A: A Budget Technician works with financial data to create and manage budgets, monitor spending, and ensure compliance with government regulations.

Q: What skills are required to be a Budget Technician?

A: Strong skills in math, analysis, and data entry are essential. Good communication skills, attention to detail, and ability to work under pressure are also important.

Q: Where does a Budget Technician work?

A: Budget Technicians work in various government agencies at the local, state, or federal level.

Q: What is the average salary for a Budget Technician?

A: The average salary for a Budget Technician in the United States is around $50,000 per year. However, the exact salary varies based on experience, location, and education level.


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