For beginners: job descriptions of an economist

In any organization, an expert should clearly know the requirements to him. Economic activity provides for optimization of existing resources at the enterprise, identification of ways to improve the efficiency of operation 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 to understand the main aspects.

Job descriptions of the economist: general requirements

1. An economist is a specialist who can be recruited or dismissed only by order of the head of the organization.

2. An employee may be appointed to the position:

• Economist of the I category. It becomes a specialist with a diploma of higher economic education and work experience in the relevant field;
• An economist of category II can be one who will not only have the appropriate education and work experience in the post of economist, but also work in other engineering positions for a certain number of years;
• Economist appointed person who has a diploma of higher economic education. He is not required to work experience. This specialist can become someone who has secondary vocational education, but he must work as a technician of the I category for a fixed number of years.

3. During the absence of an economist, his duties are assigned to the deputy.

4. At work the expert is guided by:

• Normative acts and methodical recommendations on the performed activities;
• The organization's charter;
• Orders and orders of higher management;
• Principles of labor regulations;
• Considered job description.

Job descriptions of the economist: required knowledge

The specialist must know the legislative, regulatory acts, necessary information on planning, analysis and accounting of the company's activities, the principles of building business plans, planning documents, the timing and algorithm for reporting, the procedure for the formation of standards for different types of costs (material, financial, labor). The economist should know the methods of economic analysis, determine the economic effectiveness of the required innovations, changes in the organization of labor, and much more.

Job descriptions of the economist: functions and responsibilities

The functional activity of a specialist includes:

1. Work on the economic activities of the organization.

2. Participation in marketing research.

3. Analysis of the organization's production activities.

4. Work with the reporting.

Obligations of the economist:

1. Conducting the economic activity of the company, the purpose of which is to increase the efficiency, profitability, as well as the quality of the products produced, the development of a new product, the optimization of resources.

2. Preparation of data for compiling business plans.

3. Keeping calculations for the different types of costs that are required for the production and marketing of products: material, labor, financial.

4. Conducting economic analysis of the company's economic activities, identifying reserves and production losses, developing measures to reduce costs, non-production costs.

5. An estimation of economic efficiency of the organization of work, the introduced innovations and manufacture.

6. Reporting in the required time.

7. Control over the performance of necessary tasks.

8. Registration of materials for the conclusion of economic contracts, supervision over the terms of implementation of the relevant obligations.

9. The economist takes part 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 methodological materials related to his work, as well as concerning existing research and development. This specialist should make different economic justifications, annotations, reviews, references.

The job description of the chief economist is based on the scientific and economic, organizational and economic support, the direction of the activities of the relevant business units in the compilation of business projects, the work to improve the level of validity of economic indicators, and 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 revenues from budgets, conducts a comprehensive economic analysis, is responsible for raising the level of knowledge of employees.