Financial Analyst Financial Services in Detroit, MI

Financial Analyst Job Description

Financial analysts must have the ability to effectively communicate across all levels of the organization since they can be highly visible and interact daily with executive management, project team leaders, sales managers and financial professionals. A thorough knowledge of general accounting procedures, reporting and expense analysis, and journal posting is required. A bachelor’s degree in business, accounting or finance is required; an MBA is preferred. A professional certification such as a CPA or CFA is a plus. A minimum of five to 10 years of experience in the banking industry is required, as are excellent technology skills, particularly Microsoft Excel and other financial software.

Typical financial analyst duties:

Analyzing new and existing product lines, promotion spending and service segment costs of the organization

Preparing profit and loss models, balance sheets and other management reports, using Microsoft Excel to forecast financial outcomes

Maintaining confidential financial information

Performing budgeting variance and forecasting analysis for various levels of management

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Salary for Financial Analyst Financial Services in Detroit, MI

72000 - 100500

25th percentile

72000

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

91250

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

100500

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Accountant, 5+ Years’ Experience – Financial Services

83750

101500

113500

Accountant, 3-5 Years’ Experience – Financial Services

71250

88250

100500

Accountant, 1-3 Years’ Experience – Financial Services

60500

74500

87000

Product Controller, Manager

85250

105500

122500

Product Controller, 3-5 Years’ Experience

67250

97750

109000

Product Controller, 1-3 Years’ Experience

55000

77750

93250

Business Systems Analyst – Financial Services

88750

107000

124750

Internal Wholesaler

49500

59500

71000

Tax Accountant – Financial Services

64000

78500

98250

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