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Accounting, Payroll and Finance > Financial Analyst

Salary National Average

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75000.0000 79740.0000 95100.0000

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Short Description:

A Financial Analyst is responsible for analyzing financial data, preparing reports, and providing insights to help businesses make informed financial decisions. Their duties include conducting financial forecasting, budgeting, and variance analysis, as well as evaluating investment opportunities and market trends. Financial Analysts work closely with management to develop strategies that improve financial performance and optimize resource allocation. Strong analytical skills, attention to detail, and proficiency in financial modeling are essential for success in this role, as they play a key role in guiding business growth and profitability.

Duties / Responsibilities:

  • Draw charts and graphs using computer spreadsheets to illustrate technical reports.
  • Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions.
  • Monitor developments in industrial technology, business, finance, and economic theory.
  • Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
  • Monitor fundamental economic, industrial, and corporate developments by analyzing information from financial publications and services, investment banking firms, government agencies, trade publications, company sources, or personal interviews.
  • Recommend investment timing to companies, investment firm staff, or the public.
  • Determine the prices at which securities should be syndicated and offered to the public.
  • Prepare plans of action for investment using financial analyses.
  • Evaluate and compare the relative quality of various securities in a given industry.
  • Present oral and written reports on general economic trends, individual corporations, and entire industries.

Skills / Requirements / Qualifications

  • Economics and Accounting: Knowledge of accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
  • Law and Government: Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • Mathematics: Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications
  • Financial Analysis Software: AuditWare software; MethodWare ProAudit Advisor; Paisley AutoAudit; RSM McGladrey Auditor Assistant
  • Complex Problem Solving: Identifying complex problems and reviewing related information.

Job Zones

  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. 
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, environmental engineers, criminal investigators, and special agents.
  • Specific Vocational Preparation in years: (7.0 to < 8.0)

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