Financial Analyst Job Description: Top Duties and Qualifications

A Financial Analyst, or Financial Consultant assesses projects and companies to decide whether they are suitable for investment. Their primary duties include compiling reports on the viability of a business and presenting it to potential investors or banks, reviewing trends in turnover and profit and offering advice to their clients or employers on the financial performance of a business.


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Financial Analyst duties and responsibilities

Financial Analysts provide vital information to businesses who rely on their research and expertise to ensure that they are making the best decisions for their future. They are responsible for a wide range of tasks, including:

  • Creating charts, tables and graphs to allow them to present data in an effective format
  • Analysing financial reports, including data on income and expenditure and market performance
  • Interpreting information about yield, price, risk, stability and other factors that contribute to a company’s viability
  • Monitoring industry news and developments to identify potential investment opportunities and minimise risk
  • Maintaining a working knowledge of their industry using trusted sources such as trade bodies, industry experts, government agencies and other corporate developments.
  • Comparing stock performances for their industry and using them to make predictions
  • Creating financial models and using them to recommend investment, expansion, cost-cutting ideas or revenue growth streams
  • Reviewing company accounts


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Financial Analyst Job Description Examples:


Example 1

We are currently recruiting for a newly created role within a rapidly developing organisation, the Financial Analyst will work closely with the Head of Reporting and FP&A Manager to provide insight and support to the cost centres and projects. The core will include: Manage the financial reporting, forecasting and analysis for the required cost centre's. Provide business partnering support to all the functional budget holders helping them understand their current cost base, cost control and financial planning. Provide FP&A support by working with the FP&A Manager and Head of Reporting in ensuring timely and accurate submission of quarterly numbers and reporting pack to Group. Assist in preparation of Balance Sheet, working capital, cashflow and other financial schedules required as part of the quarterly submissions to Group. Contribute to the external audit process and liaise with audit teams as necessary. Participate and actively contribute to system and process improvement initiatives Provide continuous improvement to the KPI and dashboard reporting and analytics. The successful candidate will be a qualified accountant (CIMA, ACCA or equivalent) with experience within budgeting, reporting and analysis. Strong communication skills and the ability to business partner with non finance managers is also essential for the role.

Example 2

*** Exciting New Opportunity available Immediately at Smart Parking *** Are you looking for a new challenge at a friendly business, with a great working environment and an open door for your future prospects? Then look no further than Smart [website] *ROLE Description* Role Title: Finance Analyst Team: Finance Reports to: Finance Manager *Purpose* To analyse Smart Parking Limited’s financial status by collecting, monitoring, and studying data, then recommending appropriate actions where necessary. *Principal Accountabilities* *Client share;* * Ensure all new and updated contracts have been reflected in client share * Calculation of monthly client share & accrual * Monthly reconciliation & rationalisation of client share to the nominal ledger, to ensure all client share has been accrued * Monthly reconciliation of client share control account * Monthly invoicing of client share * Client share reporting * Distribution of client share * Process client share through cashbook *Maintenance of fixed asset register;* * Update for new assets * Monitor & write off decommissioned assets * Monitor all assets under construction (AUC) * _Liaise with operations / sales team to clarify that all assets under construction will be commissioned_ * _Monitor and write off un-commissioned AUC_ *Daily reporting;* * Receipts reports by site, client & region * Issues reports by site, client & region * Liaise with processing team to incorporate monthly forecasts into daily reporting *Weekly reporting;* * As per daily reporting *Monthly reporting;* * Receipts reports by site, client, region & month * Issues reports by site, client, region & month * Cancellation reports by site, client, region & month * Payment ratio metrics * Monthly Finance Review (MFR) reports * _Top 20 issues_ * _Top 10 increases in issues_ * _Top 20 receipts_ * _Bottom 10 performers_ * _Cancellations by reason_ * _Analysis of lost sites_ * _Site acquisition vs budget_ *Ad-hoc tasks as specified by the Head of Finance* *Person Specification* *Qualifications* * Part qualified Accountant or QBE or equivalent in experience *Personal Attributes* * A proactive, positive, can-do attitude * Strong work ethic, to do what is required to get the job done * Able to work on own initiative and self-motivated; requiring minimal supervision but is ultimately a team player * Enthusiastic learner * Works well under pressure * Inquisitive, with an analytical and enquiring mind * Continuous improvement and value-add mindset *Technical Competencies* * Financial accounting experience * Advanced Excel skills * SQL is desirable, but not essential * Time management, organisation, prioritisation and coordination skills *Behavioural Competencies* * Taking ownership and being responsive * Communication skills (verbal and written) * Teamwork and collaboration * Integrity, openness and honesty – doing the right thing and doing what you say you will * Problem-solving and using sound judgement This role is available immediately, so if you are interested in this exciting opportunity, we'd love to hear from you, so please apply using the Indeed App. Reference ID: Reference ID: SPUK-FA-02/Jun-21 Expected start date: 21/06/2021 Job Types: Full-time, Permanent Salary: £25,000.00-£28,000.00 per year Benefits: * Casual dress * Company events * Company pension * Discounted or free food * On-site parking * Referral programme * Store discounts Schedule: * 8 hour shift * Monday to Friday Ability to * Birmingham B37 7HE: reliably commute or plan to relocate before starting work (required) Education: * Certificate of Higher Education (preferred) Experience: * Financial analysis: 2 years (required) Work remotely: * No

What does a Financial Analyst do?

Financial Analysts advise businesses and individuals that are making investments decisions. They provide details of the way bonds, stocks and other investments perform and offer recommendations based on their analysis of the risk and reward. They have extensive knowledge of the financial markets and perform ongoing monitoring to identify trends and changes. They can work for businesses that want to identify opportunities for expansion or prepare financial forecasts to use for resource planning and financial modelling. They work closely with finance teams but also liaise with members of other departments and gather data from all areas of the business.


Financial Analyst skills and qualifications

Financial Analysts are responsible for undertaking thorough research and spotting trends in the way the markets move. A successful Financial Analyst candidate will have various prerequisite skills and qualifications , that typically include:

  • Excellent maths and numeracy skills
  • Knowledge of the financial markets
  • Analytical and critical thinking skills
  • Communication and interpersonal skills
  • Time management skills and ability to work on tight deadlines 
  • Computing expertise including designing spreadsheets and presentations
  • Expertise in researching and interpreting financial reports


Financial Analyst experience requirements

Some Financial Analysts begin working after graduating, while others gain industry or financial experience first. Internships are also a good way to gain valuable experience. Previous experience in roles dealing with quantitative analysis, statistical and analytical analysis are a great asset. Candidates that have worked in prior roles where they have been responsible for forecasting, financial modelling or data analysis,  also have an advantage.


Financial Analyst education and training requirements

Financial Analysts need a degree in accounting, finance, economics or a similar field and many Senior Financial Analysts have post-graduate qualifications as well. Some employers prefer applicants who have been certified by the Chartered Financial Analyst Society (CFAUK) or the Chartered Institute for Securities and Investment (CISI).  


Financial Analyst salary expectations

According to Indeed Salaries, the average salary for a Financial Analyst is £35,598 per year, but this depends on seniority, experience and the industry in which they are working as well as the area of the country where the company is based.


Job description samples for similar positions

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Financial Analyst job description FAQs


Who does a Financial Analyst report to?

The  reporting structure for a Financial Analyst can vary between businesses, however generally they report to a Senior Financial Analyst, a Financial Manager or Executive Financial Manager. Some Financial Analysts will work directly with Portfolio Managers or Payroll Managers to offer advice on specific aspects of a business,


What makes a good Financial Analyst job description?

Be specific about the level of experience and qualification required for the role to attract the most suitable candidates. Include details of any specific industry knowledge that would be an advantage and give some idea of the reporting structure and size of the department in which the role is based. Include information about benefits packages and any other perks as well as the company culture and ethos to attract a range of applicants. 


What should you look for in a Financial Analyst CV?

Candidates with experience of preparing and delivering reports to management will be an asset to a finance team, as will applicants who have experience working in a finance environment and working with figures. Experience of using enterprise resource planning systems, financial management systems and asset management are ideal for candidates for Financial Analyst roles. 

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