Financial Analyst in Melbourne

What is a Financial Analyst?

A Financial Analyst is responsible for the financial planning and analysis of a company, allowing the organisation to make well-informed commercial decisions.

At the heart of a Finance Analyst job description should be the ability to determine the best use of resources to achieve business objectives. They will be expected to produce regular reports using financial data, and work collaboratively across the entire finance team to analyse business performance and strategy.

Financial Analyst job description

A Financial Analyst forecasts future revenue and expenditures to help determine budgets for upcoming projects. A typical Financial Analyst job description should highlight researching and reporting on financial information, as well as monitoring financial movements within the market.

A Financial Analyst job description typically includes:

Analysing current and past financial data

Looking at current financial performance and identifying trends

Preparing reports on the above information and communicating the insights of these reports to the wider business

Consulting with the management team to develop long-term commercial plans

Suggesting budgets and improvements based on the above information

Exploring different investment opportunities

Developing financial models and providing financial forecasts

Developing initiatives and policies that may improve financial growth

Financial Analyst job qualifications and requirements

A degree in one of the following subjects should be included in a Financial Analyst job description:

Finance

Economics

Mathematics

A Finance Analyst is also expected to demonstrate the following qualities:

Experience with statistical analysis and financial forecasting

Attention to detail and the ability to identify data patterns

Good verbal and written communication skills

Abreast of industry updates

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Salary for Financial Analyst in Melbourne

112350 - 132300

25th Percentile

112350

The applicant has limited or no experience in the position and is still developing their skills.

Demand: Low

50th Percentile

121275

The applicant has an average level of experience and has most of the necessary skills.

Demand: Moderate

75th Percentile

132300

The applicant has above-average experience, has (nearly) all necessary skills, and may also have specialised qualifications.

Demand: High

Projected salaries for related positions

Position title

25th Percentile

50th Percentile

75th Percentile

Business Analyst - Finance and accounting

115500

126000

136500

Senior Business Analyst - Finance and accounting

139125

147000

154875

Senior Financial Analyst

132300

138600

157500

Financial Planning & Analysis Manager

157500

175350

195825

Commercial Analyst

113400

127050

142275

Commercial Manager

164325

188475

215775

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