Financial analyst job description
The job of a financial analyst is to analyse financial data by collecting, monitoring and creating financial models for the support of the decision. A financial analyst basically focuses on a specific sector, region and type of product.
Financial analyst evaluates investment opportunities, they work in banks, pension funds, security firms and other business.
They participate in compensation management, semi-annual compensation payments. Provide financial and analytical support for incentive compensation accounting.
Part of their job is to assist with the new business process and working with finance and business manager.
Report making on the cash reconciliation of payments.
He/she has the responsibility of day to day ledger accounting and reconciliation and analysis for assigned functions in the assigned area.
It also includes research and resolving business units inquiry.
Variance analysis that contains monthly balance sheet, income statement and change in financial position is necessary.
If there is any improprieties go to manager to discuss and resolve.
Data should be analysed to proper accounting procedure.
Train new employees and ensure the documentation.
Responsible for performing special projects to improve process efficiency
Maintain and develop many financial models and templates distributed to users in the company's welfare.
Demonstrate appropriate working knowledge and understanding of accounting principal.
Describe insights about using perfect financial techniques.
Understand and facilitate the integration process in business.
Identify non-value added process within the department and seek a solution.
Skills and qualification required:-
The financial analyst concise a portion in accounting and auditing has to be qualified in the following:-
A bachelorís degree in Accounting or finance
The rough understanding of the general accepted accounting principle.
Knowledge of statutory accounting principle.
Strong organising skills and Ms Excel skills.
Knowledge of data collecting and procedural controls.
Leadership quality with strong professionalism.
Ability to interact.
Independent worker and thorough thinker.
Special skills needed to fit into the job:-
Research skills:- by far it the most important requirement as without the data there can be no research. So this is like you have to resourceful and aware of you changing the environment.
Detailed oriented:- a financial analyst job is to able to catch the changes as both mistakes and trends to be able to arrive at insight conclusion.
Analytical skill:- in finance it means pulling apart the point of problem, like making your data without errors.
Organisation skill:- this is somehow very important skill one needed. Compile data, compile analysis in an organised way can help you in efficiency, which saves times and is great to work on with.
Mathematical skill:- a finance analyst can be intimidated by numbers. Level of complexity depends upon the job and this still has to do well in the job.
Decision-making skill:- you have to spot decisions very quickly without wasting you magical time of the job. Client need to know that you have the curve.
Excel and PowerPoint skill:- this is a very basic and much-needed skill if you are going to apply for the job and have all the skills and requirement but not this you have the risk in your panel.