Analyst Job Description: Top Duties and Qualifications

An Analyst, or Data Analyst, is responsible for collecting, analysing and interpreting data, information and statistics. Their primary duties include collecting statistical or numerical figures, compiling reports for company’s management and identifying trends in the data. 

 

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Analyst duties and responsibilities

An Analyst is primarily responsible for identifying trends that allows a business to improve its processes. Other duties and responsibilities of an Analyst include:

  • Developing and maintaining data collection procedures
  • Developing data protection and collection policies
  • Analysing complex data using software such as Excel or Microsoft Access
  • Determining trends or changes in the data 
  • Producing accurate forecasts based on previous data samples
  • Producing detailed reports that can also be readily understood 
  • Recommending areas for change or improvement, based on inferences made from the data
  • Keeping up to date on industry-wide, national and international data trends related to the business 

 

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Analyst Job Description Examples:

 

Example 1

The Research Analyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits. Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual. Responsibilities: Responsibilities include: building financial models, writing research reports, conducting macroeconomic analysis on the global energy industry, communicating our team's ideas to institutional investors, conducting due diligence and working with Citi's product team to identify trends in the space. Self-starter; used to working in a team environment and who has the ambition to progress his/her career within equity research Conduct analysis Make Investment Recommendations Interact with Institutional Clients Arrange company visits and regular management contact for investing clients and due diligence purposes Attend industry conferences and speak to industry contacts Track company events and earnings Develop financial models and valuation techniques Establish yourself as an expert Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency. Qualifications: Distill research into an investable thesis and write report/note Market ideas to internal constituents and clients via phone calls and client marketing trips Help facilitate direct corporate access for investors Provide independent (regulatory controlled) Secure and maintain applicable licenses. Education: degree or equivalent experience - Job Family Group: Research - Job Family: Research Analysis - Time Type: - Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View the "EEO is the Law" poster. View the EEO is the Law Supplement. View the EEO Policy Statement. View the Pay Transparency Posting

Example 2

Training Provided Locations – Farnham and South West London, including Working From Home Excalibur Actuaries is one of the leading providers of advice to the legal profession, specialising in advice on the pension aspects of divorce, and we are looking to expand our operations. Based in Farnham and South West London, including working from home, we are looking for high calibre, numerate staff (good A level or degree in mathematics or similar) to join our small but growing team. You will have good communication skills, be able to work independently, meet deadlines and, ideally, have experience of Microsoft Word and Excel. No pensions experience is required as we provide full training. Working closely with our Directors, we offer the opportunity to get involved in a growing business, developing our models and delivering high quality reports to our clients. This role is suited to both full time and part time staff – we are passionate about our flexible working environment. Please send your CV to

What does an Analyst do?

Analysts conduct research and collect data in order to identify areas within a business that can be improved. They run tests or surveys that provide relevant data for statistical analysis. They also compile large quantities of data, often from across different parts of the business. This can include sales figures, employment numbers or customer demographics.

 

An Analyst needs to assess the information in order to identify statistical trends. For example, they might analyse sales figures and establish that the majority of sales are made in London, but that sales are also rising in Cardiff. Analysts often prepare reports or presentations with the information allowing management to make informed business decisions.

 

Analyst skills and qualifications

A successful Analyst will have various prerequisite skills and qualifications that typically include:

  • Excellent communication and interpretation skills
  • Excellent numerical and analytical skills
  • Knowledge of advanced statistical models, graphs and databases
  • Excellent knowledge of the business and industry they are providing analysis for
  • Proficiency in computer programs and data analysis tools
  • Ability to distinguish between reliable and unreliable data
  • Excellent attention to detail 
  • Understanding of data protection laws and policies 

 

Analyst experience requirements

An Analyst needs extensive experience working with data analysis tools. As a minimum, they need a high level of proficiency using spreadsheets and creating graphs from databases, but they might also be required to have an experience working with more complex methodologies and advanced data collection methods such as Rapid Miner or SAS. 

Mathematical or statistical experience is essential, even for entry-level candidates. Work experience gained through an internship is useful. Experience gained from volunteering for local communities with statistical analysis needs is also helpful. Volunteer programmes are usually run by the Royal Statistical Society. 

 

Analyst education and training requirements

Analysts usually require a bachelor’s degree in computer science, economics, business administration, maths or another relevant field. Having a degree that is related to the field of the job for which they applying for is advantageous.  Some employers require prospective Analysts to complete internships or on-the-job training to make sure they learn the complexities of the company’s business. Other employers require Analysts to have industry-recognised certifications to prove their knowledge and help advance their career. 

 

Analyst salary expectations

According to Indeed Salaries, the average salary of an Analyst in the UK is £34,063 per year. This figure varies depending on several factors, including the company, experience and geographical location. 

 

Job description samples for similar positions

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Analyst job description FAQs

 

Who does an Analyst report to?

An Analyst typically reports to a Senior Analyst within their department. They are often required to report to members of senior management as well, such as the Chief Financial Officer (CFO) or the Chief Executive Officer (CEO). This will also depend on the size of the company and the size of the analytics team. 

 

What are the different types of Analyst?

An Analyst is a broader term that can be used to describe many different analytical roles. Analysts will often have a specialisation. A Business Analyst will analyse business trends and find areas for the development of business processes. A Financial Analyst will focus on financial markets or stock markets, using data to identify new purchasing or stock opportunities, for instance.  

 

What makes a good Analyst job description?

A good Analyst job description outlines the day-to-day tasks that the job entails. A good job description also outlines the specific mathematical and statistical skills required and the specific statistical programming knowledge that might be beneficial too. 

Job Description Examples

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