Bioenergy Career Map: Budget Analyst Trainee

Financial Analyst Trainee

0–3 years

• Knowledge of business and management principles involved in strategic planning and resource allocation
• Knowledge of economic and accounting principles and practices, financial markets, banking and the analysis and reporting of financial data
• Strong numerical and analytical skills as well as basic knowledge of statistics and accounting.
• Familiarity with relevant software, including spreadsheets, database functions, and financial analysis programs
• Effective written, interpersonal, and communication skills.

All sectors of the emerging bioeconomy will require sound financial analysis and management services. Beginning with the development of biomass feedstock processing and logistic systems, to the construction and day-to-day operation of bioenergy related infrastructure (e.g. biorefineries), and finally the creation and maintenance of diverse end use markets (e.g. fuels, power, and products), strong financial guidance will serve as a vital lifeline for many sectors of the bioenergy supply chain. Individuals who are able to estimate future financial needs for private businesses, nonprofit organizations, and government agencies can help advance industry growth.

In the private sector financial analysts will examine the budget and seek new ways to improve efficiency and increase profits. In governmental organizations, analysts try to find the most efficient way to distribute funds and allocate other resources among various departments, programs, and grants.

At the entry level, new analysts will work under the close supervision of higher level analysts to develop detailed presentations and financial reports that include forecasting, cost benefit analysis, trending, and results analysis to help organizations manage their financial resources. A Bachelor’s degree in one of many areas, such as accounting, finance, business, public administration, economics, statistics, political science, or sociology is recommended. Budget-related or finance-related work experience may be substituted for formal education. Knowledge of markets and financial trends in the energy industry is not required but recommended.