The quality of a business’ commercial decisions are due, in part, to the insights provided by their financial analyst. They drive business objectives by determining the best use of resource, and generate regular reports based on the data they accumulate. They work as part of the wider finance team to analyse business performance and create strategy.
Financial analyst job description and duties
The majority of financial analyst duties centre around researching and reporting on financial information, including analysis of the financial market as a whole. Tasks include:
- Financial analysis
- Financial modelling
- Assessing the economic performance of organisations
- Identifying market trends
- Developing financial forecasts
- Measuring financial risk
- Gathering and analysing financial data
- Creating commercial plans in collaboration with the management team
- Researching new investment opportunities
- Developing financial models
- Improving financial growth with initiatives and policies
Curious, about what a typical day for a Financial Analyst looks like? Read our blog - A day in the life of a financial analyst.
Financial analyst qualifications, skills and experience
The current economic climate across the UK and Europe has prompted businesses to search for professionals with experience in financial modelling. It has become one of the most in-demand skills for this particular profession.
A degree isn’t strictly necessary for the role, but a CIMA, ACA or ACCA qualification or part qualification is very attractive to employers. Professionals who do hold a degree should ideally have a 1:1 or 2:1 grade.
They should also possess some of the following qualities and skills:
- Interest and engagement with industry news
- Excellent communication skills, both verbal and written
- Experience with statistical analysis
- Attention to detail
- Pattern recognition
- Experience with financial forecasting
Are you looking for a financial analyst job? You can find our latest vacancies here.