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:

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.


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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.

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