Budget Analyst Interview Questions
"Employers hiring budget analysts are looking for bright candidates who can evaluate business expenses and identity ways to make their company more cost effective. In an interview, come ready to showcase your quantitative skills and knowledge of the financial principles behind running a business. A degree in finance, business, or a related field as well as experience using financial management software is expected."
Behaviour question, skills question about the position applied
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What kind of things would you look for after receiving forecast submissions from different program areas? What would be a red flag?
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over allocation of expenses if it was way over the budget for the year and sometime, the budget admin tends to make errors. Watch for the variance analysis ( bud to forecast , or forecast to forecast) Less
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Red flag can include: 1. The complete omission of cost information especially where there is a change in policy or investment decision. Sometime it may be that creation of a new position is considered thereby need for a new employee, such information may be missing in the forecast. 2. Inconsistency: Look out for inconsistency in any of the cost line items, for instance, if inflation price index was applied at 1.02% to each cost item but one of the items is having a markup of 3%, there is a red flag there. Less
What's your biggest weakness?
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I always try to change the weakness that I found on my way in something to make me bold and brave. Less
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My biggest weakness is it's very hard for me to say NO. It always make me feel bad and lagging when I turn other people down. Even though I have a lot of urgent matters to handle, I still take on more duties. Less
Q: tell me about you Q: Are you good with the salary rate and to work in a hybrid way
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