In any organization, a specialist must clearly know the requirements for him. Economic activity involves optimizing the resources available at the enterprise, identifying ways to improve operational efficiency, and much more. In this regard, the employee must clearly know the job descriptions of the economist. This is especially true for young professionals who are just starting work in this direction. This publication will help them understand the main aspects.
Economist Job Descriptions: General Requirements
1. An economist is a specialist who can be hired or dismissed only by order of the head of the organization.
2. An employee may be appointed to the position:
- economist I category. It becomes a specialist with a diploma of higher economic education and work experience in the relevant field;
- a category II economist can become one who not only has the appropriate education and work experience as an economist, but also has worked in other engineering and technical positions for a certain number of years;
- an economist is a person who has a diploma of higher economic education. The requirements of seniority are not presented to him . This specialist can also be someone who has a secondary professional education, but at the same time he must work as a category I technician for a specified number of years.
3. During the absence of the economist, his duties are assigned to the deputy.
4. When working, the specialist is guided by:
- normative acts and guidelines for the activities performed;
- organization charter;
- orders and orders of the higher management;
- labor principles;
- considered job description.
Economist Job Descriptions: Required Knowledge
The specialist should know the laws and regulations, the necessary information about the planning, analysis and accounting of the company’s activities, the principles of building business plans, accounting documents, the timing and algorithm of reporting, the procedure for generating standards for different types of costs (material, financial, labor). The economist must know the methods of economic analysis, determining the economic efficiency of the required innovations, changes in the organization of labor and much more.
Job descriptions of an economist: functions and responsibilities
The functional activities of a specialist include:
1. Work on the economic activities of the organization.
2. Participation in marketing research.
3. Analysis of the production activities of the organization.
4. Work with reporting.
Responsibilities of an economist:
1. Maintaining the economic activities of the company, the purpose of which is to increase efficiency, profitability, as well as the quality of products, the development of new products, and optimization of resources.
2. Preparation of data for the preparation of business plans.
3. Conducting calculations for different types of costs that are required for the production and marketing of products: material, labor, financial.
4. Conducting an economic analysis of the economic activities of the company, identifying reserves and production losses, developing measures to reduce costs, non-production costs.
5. Assessment of the economic efficiency of labor organization, introduced innovations and production.
6. Preparation of reports at the required time.
7. Control over the implementation of the necessary tasks.
8. Registration of materials for the conclusion of business contracts, supervision of the timing of the implementation of relevant obligations.
9. The economist is involved in the development of various plans relating to his work.
10. Performs work related to the formation, maintenance and storage of the economic information base.
The job description of the leading economist is different in that he is obliged to study individual teaching materials related to his work, as well as relating to existing research and development. This specialist should draw up various economic justifications, annotations, reviews, and references.
The job description of the chief economist is based on scientific-economic and organizational-economic support, the direction of the respective departments of the enterprise in the preparation of business projects, work to increase the level of soundness of economic indicators, the development of methodological materials for the technical and economic planning of the departments of the enterprise. The chief economist interacts with the state treasury to finance and distribute budget revenues, conducts a comprehensive economic analysis, and is responsible for improving the knowledge level of employees.