A financial analyst is responsible for providing accurate and timely financial analysis to support decision making across the business. This role requires a high level of accuracy and attention to detail, as well as the ability to think analytically and solve problems. Financial analysts must be able to understand and use financial data and be able to communicate their findings clearly and concisely.
They must also be comfortable working with large amounts of data and be able to spot trends and patterns. In addition, financial analysts need to be able to work well under pressure and meet deadlines.
Qualifications, training and skills required
A financial analyst is a professional who provides guidance to businesses and individuals making investment decisions. They examine trends, assess opportunities, and evaluate risks. Financial analysts typically have a degree in finance, accounting, economics, or business administration. Many employers prefer candidates who have earned a master's degree or hold a professional designation such as the Chartered Financial Analyst (CFA) designation.
Financial analysts must be able to clearly communicate their findings and recommendations in both written and oral reports. Strong analytical and research skills are essential, as is the ability to work well under pressure and meet deadlines. With experience, financial analysts may advance to positions with more responsibility or move into management roles.
Extra desired training
Provide forecasting support and analysis of financial data
Organise data into accessible reports, and perform various types of analysis that include yearly growth, return on assets, return on equity and earnings per share
Review all non-legal information related to prospective mergers
Managing financial functions including assessing, auditing, planning, budgeting, taxes, consolidation, cost control, and project control
Calculate and analyse capital expenditures, depreciation, proposals, investment opportunities, rates of return, profit plans, operating records, and financial statements.
Analyse the financial data of a company in order to provide guidance for investments and overall financial strategy.
