Finance Analyst Job Description Sample

A Finance Analyst, or Finance Specialist, examines an organisation’s financial data and uses their findings to help companies make informed business decisions. Their duties include monitoring financial movements in the market, highlighting research and reporting financial information and determining budgets for upcoming projects.

 

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Finance Analyst duties and responsibilities

Finance Analysts are responsible for keeping financial information confidential to protect their operations and plans. Additional duties and responsibilities of Finance Analysts include:

  • Gathering operational and standard costs to determine the price of operating a business
  • Identifying the financial status of businesses by comparing achieved results with financial plans and goals
  • Establishing policies and procedures for cost analysis and recommending actions to the management
  • Analysing financial results and identifying trends to help improve the financial status of an organisation
  • Preparing reports on financial revenue and expenditures and communicating the insights of the reports to business management
  • Developing automated accounting programs to help increase productivity and business efficiency
  • Carrying out business studies on the past and present performance of a business to make predictions, simulations and models
  • Settling transactions by rectifying and matching financial data

 

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Finance Analyst Job Description Examples:

 

Example 1

Assistant Management Accountant / Finance Analyst

Hybrid / Northampton - NN3

Permanent

35 hours per week

£28-33,000 + study support

Are you AAT qualified or CIMA part qualified?

Do you have experience of producing monthly management accounts & forecast reporting?

Would you like to work for an International Company that offers career progression?

If so, this could be an exciting challenge for you!

As Finance Analyst, you will be reporting to the Financial Planning & Reporting Manager and be providing financial reporting and analysis to management & stakeholders.

Duties and responsibilities for the Finance Analyst:

  • Monthly management accounts & forecast reporting
  • Budget preparation including variance analysis & other reporting
  • Costing analysis & review project costs (training given)
  • Assist in the development of reporting of business performance data and analysis
  • Maintain VAT reporting
  • Ad hoc financial investigations & reports

    Skills and experience required for theFinance Analyst: *

  • Graduate or studying towards a relevant accounting qualification
  • Previous management accounts preparation
  • Computer literate, competent in Excel (V Lookups, Pivot tables)
  • Experience of using SAP or a similar ERP

    If you have the relevant experience we are looking for, we would like to hear from you.

    Please note, due to the high volumes of applications we receive daily, should you not be contacted within 72 hours, your application is unsuccessful.

    All responses will be managed in line with the new GDPR regulations.

    Job Type: Full-time

    Salary: £28,000.00-£33,000.00 per year

    Benefits:
  • Company events
  • Company pension
  • Flexible schedule
  • On-site parking
  • Work from home
    Schedule:
  • Monday to Friday

    Education:
  • Bachelor's (preferred)

    Experience:
  • accounting: 1 year ID: VCJ380
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    Example 2

    About us:

    We are one of the leading European contract manufacturers in the pharmaceutical, biotech and healthcare sectors, with some 2,000 employees in Germany, France, Finland and the UK. For us, the next step is always the one that matters most. Our fast pace drives us forward, fills our working environment with life and spurs our growth. Our winning formula for shared success: room for passion. Because we know that passion is the best medicine when it comes to excellent service around the world.

    Since its foundation in 1989, the Livingston site has evolved into a global player in the development and application of both traditional and novel drug encapsulation technologies that are supported by modern and commercial scale manufacturing facilities. At this location, we provide a full range of services from pre-formulation and formulation development, through clinical and commercial scale production to include commercial packaging (blisters in cartons) and serialization. These services are supported by on-site analytical capabilities for stability and product release testing.

    The role

    This is an extremely varied and broad role, reporting to the financial controller. In addition to the month end and year end routines, you will be able to add value to the business by developing analysis of project margins and product profitability, whilst also being a key player in the development of our business system. You will get behind the numbers and support the teams to make decisions which improve financial outcomes for the business.

    What do I need:

    To be considered for this role you will need to:

    · be qualified or studying towards CA,CIMA, ACCA

    · be composed; cool under pressure and energised by challenges

    · have demonstrable integrity and trust; present the facts in an appropriate and helpful manner; keep confidences and admit mistakes

    · be acccomplished at setting priorities

    · have a high attention to detail

    · be able to work independently and as part of a team

    · be able to adapt to change.

    · have a working knowledge of SAP or similar

    · have a track record of working to tight deadlines

    · Previous experience of working within a manufacturing company, be familiar with BOM’s, costing and variances

    · have good communication at all levels

    · be competent in the use of MS Office

    · Highly competent level of literacy and numeracy

    What you’ll do:

  • Business partnering and liasing with key staleholders and departments.
  • Controlling fixed asset projects and reporting

  • Ensure that the G/L is complete and accurate by reviewing and analysing financial postings
  • Reconciliation of key balance sheet accounts
  • Close month end tasks to internal deadlines
  • Prepare journals and reports for timely review of the P&L and BS
  • Ensure compliance with Nextpharma’s accounting policies and procedures
  • Monitor and report on internal controls.
  • Cost centre management – budgets, forecasts, analysis
  • Prepare cashflow forecasts to ensure sufficient funds available to meet the company’s commitments.
  • Develop systems and processes, working in conjunction with other departments to determine best practice
  • Prepare of statutory accounts, liasing with external auditors
  • Liaise with external tax professionals to assist with the preparation of tax returns and year end packs
  • Prepare and submit of VAT returns
  • Work with our project managers to develop and review margin reports and forecasts
  • Work with production to review process order variances
  • Periodic and adhoc analysis

    On Offer:

    Basic Salary: £DOE

    Contributory Pension Scheme

    Life assurance

    Private medical insurance

    Health Cash Plan

    Income Protection

    Employee Assistance Program

    Flexible & Hybrid working

    Is it time to take your next step?

    Job Types: Full-time, Permanent

    Salary: £5.00-£10.00 per year

    Benefits:
  • Company pension
  • Flexible schedule
  • Life insurance
  • On-site parking
  • Private medical insurance
  • Referral programme
  • Sick pay
  • Wellness programmes
    Schedule:
  • 8 hour shift
  • Monday to Friday

    COVID-19 considerations:
    Additional cleaning routines, hand sanitiser stations throughout

    Ability to commute/relocate:
  • Livingston, EH53 0TH: reliably commute or plan to relocate before starting work (required)

    Work authorisation:
  • United Kingdom (required)

    Application deadline: start date: 01/09/2022
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    Example 3

    Finance Analyst

    T2M resourcing are recruiting a Finance Analyst for a major group. As Finance Analyst you will work with the divisional finance team and provide insightful and informative recommendations as well as working in a finance business partner capacity with a small number of sites. This is a fast-moving business, and we seek a newly qualified or part qualified accountant who thrives in an environment where you will be directly supporting the business operations.

    This is an ideal opportunity to really make your mark in the business and in return our client offers a competitive salary £40,000 to £45,000 plus car allowance £4200 + Study Support (if required) + Benefits Package and the genuine opportunity for career progression. This position will be home based. Remote Working

    As Finance Analyst your key responsibilities will include:

    · Develop and support reporting processes for the divisional finance team and operations

    · Monitor and audit data quality

    · Manipulate, analyse and interpret complex data sets ensuring outputs are accurate timely and meet the business need. Prepare reports for Finance Managers, Regional Directors and Senior Management Team that effectively communicates trends, patterns, and predictions using relevant data.

    · Use statistical tools to interpret data sets, paying particular attention to trends and patterns.

    · Support the Finance Director, Regional Managing Director in identifying opportunities to improve business unit performance, providing support as necessary to deliver those enhancements or savings. Additionally, provide support in the development of business opportunities, adding financial and commercial knowledge to discussions as appropriate.

    · Attend business and finance reviews as required to support Regional Director and interpret the key financial activity for sites. Make recommendations for improvements to drive commercial benefits.

    · Review and provide input for the preparation of financial and activity-based information across units – e.g., budgets, forecasts, management accounts and benchmarking.

    · Prepare business plans and undertake commercial evaluation of new unit opportunities and development plans for existing units in conjunction with operations.

    What are we looking for?

    To be successful as Finance Analyst you will have the following skills and experience:

    · Studying towards ACCA, CIMA, ICAEW Qualification

    · Highly competent use of Excel

    · Ability to translate ideas into solutions.

    · Independent thinking, maintaining high levels of accuracy

    · Critical thinking – a constructive, questioning attitude and outlook

    · To have an inquisitive mind, not afraid to ask questions, to form thought-provoking hypotheses. To be in the detail, and to love learning new approaches and techniques.

    · To be keen to find stories in data. To understand the importance of data in making informed decisions.

    So, what’s in it for you?

    · A competitive salary £40,000 to £45,000 + Car Allowance £4200 + Study Support (if required)

    · 25 days holiday plus Bank Holidays

    · Contributory Pension Scheme and a range of flexible benefits

    · A role that will challenge and develop you in a business that is in a high growth sector

    · The genuine opportunity for career progression

    *.*

    Job Types: Full-time, Permanent

    Salary: £40,000.00-£50,000.00 per year

    Benefits:
  • Work from home
    Schedule:
  • Monday to Friday

    Ability to commute/relocate:
  • Bromsgrove, Worcestershire: reliably commute or plan to relocate before starting work ID: FAPQ
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    What does a Finance Analyst do?

    The primary duty of a Finance Analyst is to examine micro- and macro-economic conditions and business needs to make business recommendations to help an organisation reduce unnecessary expenditures, increase profit and maintain financial success. Finance Analysts also provide accurate forecasts to help business owners make informed decisions on how to conduct business. They often work with financial institutions such as insurance companies and investment banks in full-time work schedules of up to 40 hours per week.

     

    Finance Analyst skills and qualifications

    Successful Finance Analysts can research, collate and analyse accounting data and balance sheets, and they translate complex data into simpler formats. Additional skills and qualifications required from Finance Analysts include: 

    • Impeccable maths and computation skills
    • Excellent verbal and written communication skills
    • In-depth understanding of the economy and business trends
    • Excellent research skills and the ability to determine company values based on financial statements
    • Ability to recognise and recommend potentially profitable financial investments
    • In-depth understanding of financial topics including tax laws, money market and business environments
    • Outstanding presentation and negotiation skills
    • Strong analytical skills

     

    Finance Analyst experience requirements 

    Finance Analysts often require at least four years of experience in finance, risk management, financial analysis or the banking sector to qualify. Ideal candidates have experience working with company directives and conducting data analysis to determine risks. Candidates with a commercial experience can also be advantageous. Some employers require candidates to have experience producing detailed presentations and financial reports detailing trend analysis, forecasting and cost-benefit analysis.

     

    Finance Analysis education and training requirements

    Employers often prefer candidates with a bachelor’s degree in accounting, statistics, economics, investment and risk or other financial related fields. Candidates with a major in engineering, maths, physics and biology can also apply depending on the industry. For competitive positions such as the position of Senior Finance Analyst, employers prefer candidates with post-graduate degrees. Additional certification such as the Chartered Financial Analyst program from CFA Society UK can also prove essential.

     

    Finance Analyst salary expectations

    According to Indeed Salaries, the average salary for a Finance Analyst is £35,467 per year. This exact figure can vary depending on factors like experience, education, location and company.

     

    Job description samples for similar positions

    If a Finance Analyst job description sample isn’t what you’re looking for, here are other job description samples that may fit your needs: 

     

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    Finance Analyst job description FAQs

     

    What are the types of Finance Analysts?

    The work of a Finance Analyst breaks down into two categories, including Sell-Side Finance Analysts and Buy-Side Finance Analysts. Sell-Side Finance Analysts deal with creation, promotion and sale of securities, while the Buy-Side Financial Analysts buy and sell large portions of securities for money or fund management.

     

    What's the difference between a Finance Analyst and an Economic Analyst?

    The main difference is that a Finance Analyst uses market research and prices to check the balance of investment and sustainability of projects. In contrast, Economic Analysts use economic prices converted from the market price by excluding tax, profit and sustainability to measure the legitimacy of resources of a project. 

     

    What makes a good Finance Analyst job description?

    A good Finance Analyst job description is clear and concise. Try to include a short brief about your organisation, followed by the tasks of the Finance Analyst and any experience requirements in industries similar to your business. After that, you can mention your preferred educational qualifications or certifications. If your organisation uses any specific application procedures, you can also explain the process in a separate section.

     

    Who does a Finance Analyst report to?

    In cooperative organisations, the Finance Analyst reports to Treasury Managers. Standout Finance Analysts report to the Chief Finance Officers, Chief Investment Officers or Branch Managers.

    Job Description Examples

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