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 responsibilities
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 analysisFinancial modellingAssessing the economic performance of organisationsIdentifying market trendsDeveloping financial forecastsMeasuring financial riskGathering and analysing financial dataCreating commercial plans in collaboration with the management teamResearching new investment opportunitiesDeveloping financial modelsImproving financial growth with initiatives and policies
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 newsExcellent communication skills, both verbal and writtenExperience with statistical analysisAttention to detailPattern recognitionExperience with financial forecasting
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