Fiscal affairs policy officer

Description

Fiscal policy officers research, analyse and develop policies related to taxation and government spending in public policy sectors, and implement these policies to improve the existing regulation around the sector. They work closely with partners, external organisations or other stakeholders and provide them with regular updates.  

Other titles

The following job titles also refer to fiscal affairs policy officer:

fiscal policy analyst
tax and development policy officer
policy officer, fiscal affairs
fiscal policy officer
fiscal policy researcher
fiscal policy specialist
fiscal policy consultant
fiscal policy developer
tax policy officer

Minimum qualifications

Bachelor’s degree is generally required to work as fiscal affairs policy officer. However, this requirement may differ in some countries.

ISCO skill level

ISCO skill level is defined as a function of the complexity and range of tasks and duties to be performed in an occupation. It is measured on a scale from 1 to 4, with 1 the lowest level and 4 the highest, by considering:

  • the nature of the work performed in an occupation in relation to the characteristic tasks and duties
  • the level of formal education required for competent performance of the tasks and duties involved and
  • the amount of informal on-the-job training and/or previous experience in a related occupation required for competent performance of these tasks and duties.

Fiscal affairs policy officer is a Skill level 4 occupation.

Fiscal affairs policy officer career path

Similar occupations

These occupations, although different, require a lot of knowledge and skills similar to fiscal affairs policy officer.

housing policy officer
regional development policy officer
recreation policy officer
competition policy officer
economic development coordinator

Long term prospects

These occupations require some skills and knowledge of fiscal affairs policy officer. They also require other skills and knowledge, but at a higher ISCO skill level, meaning these occupations are accessible from a position of fiscal affairs policy officer with a significant experience and/or extensive training.

Essential knowledge and skills

Essential knowledge

This knowledge should be acquired through learning to fulfill the role of fiscal affairs policy officer.

Government policy implementation: The procedures related to the application of government policies at all levels of public administration.
Financial forecasting: The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.
Financial management: The field of finance that concerns the practical process analysis and tools for designating financial resources. It encompasses the structure of businesses, the investment sources, and the value increase of corporations due to managerial decision-making.
Government policy: The political activities, plans, and intentions of a government for a legislative session for concrete causes.
Financial analysis: The process of assessing the financial possibilities, means, and status of an organisation or individual by analysing financial statements and reports in order to make well informed business or financial decisions.
Tax legislation: Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.
Financial jurisdiction: Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction

Essential skills and competences

These skills are necessary for the role of fiscal affairs policy officer.

Inspect government expenditures: Inspect the financial procedures of a government organisation which deals with budget and resource allocation and spending to ensure that no faults are being made and no suspicious activity occurs in the handling of financial accounts, and that the expenditures are compliant with financial needs and forecasts.
Maintain relations with local representatives: Maintain good relations with representatives of the local scientific, economic and civil society.
Manage government funding: Monitor the budget received through government funding, and ensure there are enough resources to cover the costs and expenses of the organisation or project.
Liaise with government officials: Consult and cooperate with government officials who handle matter that is relevant to you or your business.
Inspect government incomes: Inspect the resources available to a national or local government organisation, such as tax incomes, to ensure that the incomes are compliant with the income expectations, that no faults are being made and no suspicious activity is present in the handling of government finances.
Advise on tax policy: Advise government officials on changes in tax policies and procedures, and the implementation of new policies on a national and local level.
Collect financial data: Gather, organise, and combine financial data for their interpretation and analysis in order to predict possible financial scenarios and performance of a company or project.
Manage government policy implementation: Manage the operations of the implementation of new government policies or changes in existing policies on a national or regional level as well as the staff involved in the implementation procedure.

Optional knowledge and skills

Optional knowledge

This knowledge is sometimes, but not always, required for the role of fiscal affairs policy officer. However, mastering this knowledge allows you to have more opportunities for career development.

Market research: The processes, techniques, and purposes comprised in the first step for developing marketing strategies such as the collection of information about customers and the definition of segments and targets.
Scientific research methodology: The theoretical methodology used in scientific research involving doing background research, constructing an hypothesis, testing it, analysing data and concluding the results.

Optional skills and competences

These skills and competences are sometimes, but not always, required for the role of fiscal affairs policy officer. However, mastering these skills and competences allows you to have more opportunities for career development.

Create solutions to problems: Solve problems which arise in planning, prioritising, organising, directing/facilitating action and evaluating performance. Use systematic processes of collecting, analysing, and synthesising information to evaluate current practice and generate new understandings about practice.
Analyse market financial trends: Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
Perform scientific research: Gain, correct or improve knowledge about phenomena by using scientific methods and techniques, based on empirical or measurable observations.
Analyse legislation: Analyse the existing legislation from a national or local government in order to assess which improvements could be made and which items of legislation could be proposed.
Plan resource allocation: Plan future needs of various resources such as time, money and specific process resources.
Liaise with politicians: Liaise with officials fulfilling important political and legislative roles in governments in order to ensure productive communication and build relations.
Present reports: Display results, statistics and conclusions to an audience in a transparent and straightforward way.
Perform resource planning: Estimate the expected input in terms of time, human and financial resources necessary to achieve the project objectives.
Perform market research: Gather, assess and represent data about target market and customers in order to facilitate strategic development and feasibility studies. Identify market trends.

ISCO group and title

2422 – Policy administration professionals

 

 


 

 

References
  1. Fiscal affairs policy officer – ESCO
Last updated on August 8, 2022

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