The financial analyst job description below gives a typical example of all the skills, education, and experience required to be hired for an analyst job at a bank, institution, or corporation. Read this job description closely to see what it takes to have a career as a financial analyst!
Financial Analyst Job Description
The following are all aspects of a financial analyst’s duties:
Financial analysts are also often responsible for keeping track of a company’s financial plan. Analyzing the company’s performance, alongside changes and market trends, not only helps the analyst create forecasts, but also allows them to calculate variances between those forecasts and actuals. It is the analysts’ job to track down and explain the causes of these variances.
Analysts may also often report to management and stakeholders regarding their findings and may contribute to shaping the strategic planning of the company.
Let’s go beyond the official Financial Analyst job description and look more in-depth at what analysts do in practical terms:
Financial Analysts play a role in determining a company’s present value and future business abilities. The duties of the financial analyst revolve around analyzing financial information to come up with forecasts for a business and help it make informed, and hopefully correct, decisions.
Analysts will often create and maintain various spreadsheets and dashboards to aid in their analysis and insight provision. This helps provide a clear interpretation of trends and data. Some analysts are also tasked with creating models to value potential investment opportunities, similar to the role of an equity research associate.
In-house financial analysts may meet with various project managers to discuss performance. It may be the duty of an analyst to interview these managers to ascertain the causes of certain variances of performance.
What are Typical Credentials for Financial Analysts?
Most analysts have a bachelor’s or master’s in a business-related field. The most common specialization is in finance, although some analysts recommend starting with an accounting degree, as it provides a stronger foundation for analyzing the workings of financial statements.