Financial analysts are responsible for gathering, analyzing and disseminating financial information in the company. They can also help evaluate economic trends and make recommendations to guide financial and investment decisions.
Example of job titles:
- Financial analyst
- Financial planning analyst
Collect and analyze financial data
Understand and assess the market’s economic situation and financial state of the company
Develop financial forecasts
Produce and present regular reports for decision-makers
Check the financial control process
Prepare regulatory documents
Conduct financial monitoring of the changes made to accounting standards and principles in order to assess the financial impacts for the company
EDUCATION AND SKILLS
University degree in accounting studies (Bachelor’s or Master’s)
Certification from a recognized professional accounting or financial association (CPA, CPA,CA, CPA,CMA, CPA,CGA or CFA) is usually required
Proficiency with office software, integrated management software (e.g. PeopleSoft, SAP) and accounting software: ACCPAC,
Accountant’s Drill, Acomba, Simply Accounting, ProTaxprep, etc.
Good knowledge of theories and generally accepted accounting principles
- Analytically minded
- Ability to meet deadlines
- Detail-oriented, thorough
- Ability to draft and present written and oral reports
TYPICAL CAREER PATH
Financial analyst => Controller / Treasurer => Chief financial officer
A professional designation (e.g. CFA, CPA, …) facilitates moving up the ladder.
Consult Accounting – finance salaries section or use the salary calculator
Next 5 years perspectives (source: 2017 Robert Half report)
Demand for financial analysts exceeds the supply in some markets. Companies place a premium on business-savvy analysts who can help identify trends in financial data and offer timely input for decision making.
Candidates with strong communication skills and an MBA are highly sought.
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