Monitor a company's budget to make sure money is going where it should.
What does a Budget Coordinator do?
If you’ve ever taken the time to create a household budget, you know how involved the process can be. First, you must consider income and assets, and then weigh that against costs and expenses. Using that as an example, you can imagine what it would be like to create a similar budget for a business. Whether that business is home-based or multibillion-dollar, once the budget is set, someone needs to make sure that it’s followed, and that person is the Budget Coordinator.
Budget Coordinators you see to it that every department within the company respects and abides by the predetermined budget. That means that, as Budget Coordinator, your desk is covered in invoices, checks, requests, monthly statements, and bills, each of which is personally touched by your organized hand.
You might work in an office building where you physically tap on the desk of the Stock Clerk when he or she overspends. Often, you work for a company with many offices or branches. In this case, you request documentation, align expenditures with each department’s funds, and create reports on the monthly status of the budget.
This administrative position requires a truckload of organizational skills, so you use computers to help you out. That means you keep up to date on new software through training, seminars, and company meetings. And if all that isn’t enough, you make sure all paperwork abides by company policies; apply for and manage grant money; monitor project budgets; and work with the accounting department to clear up questions, reimbursements, and errors.