A financial analyst is essential for determining an organisation’s financial health because they help identify the financial stability and requirements of the organisation. In addition, financial analysts have unique skills at full potential, which can be a valuable asset for an organisation.
There are several financial analyst jobs for freshers that pay well, and many young individuals consider it a career path. Educational Requirements of Financial Analyst
- Graduation in any related field of management, finance or statistics
- Knowledge of financial programs and softwares
- Advanced knowledge of Excel
Role/Duties of a Financial Analyst
The primary role of a financial analyst is to analyse the organisation’s financial data to evaluatethe revenues and expenditures. Along with this, the wide range of duties of a financial analyst includes:
- Making financial records and analysing data.
- Concentrating on metrics for economic forecasting.
- Working closely with the accounts team to understand the financial reporting areas.
- Analysing and evaluating the capital expenditure.
- Using the key metrics, organise the data into easily accessible reports.
- Maintaining knowledge and staying up to date on new investment regulations or policies.
- Create models to aid in decision-making.
- Monthly reporting that includes key metrics, financial results and variance reporting is required.
- Working on annual and quarterly budgeting and forecasting.
Skills a Financial Analyst must Acquire
A financial analyst is crucial to the success of businesses & therefore, employers always seek perfection. Apart from software, technology, and mathematical skills, the following are some of the essential skills that a financial analyst must have:
Since financial analysts work in data and accounting, they must have good understanding of accounts. It entails calculating budgets, analysing costs, managing cash flow, reconciling bank statements, and applying mathematical formulas.
Financial analysts must forecast, plan, prioritise, and identify all natural problems that may arise in the organisation. With their skills, they can cause and solve problems and assist businesses in making sound decisions based on current resources, products, and other resources.
Critical Thinking Skills
Another essential skill that a financial analyst must have to make the best investment decisions for the company is critical thinking. Before making any significant decisions, they should keep track of the financial records to ensure job success.
Problem Solving Skills
Financial analysts must be excellent problem solvers to solve economic equations effectively. For example, they must solve a company’s debt problems. Further, they should also develop great solutions to financial issues that may arise in the organisation based on their creativity.
Read more for Career Guide: Tips to Know About Investment Banking
Other Relevant Skills
A financial analyst must possess technical skills, communication skills, interpersonal skills, and leadership skills as well. The ability to record, maintain, and prioritise tasks is critical for working more effectively. The company makes sound financial decisions as a result of this.
The main objective of becoming a financial analyst is to provide the organisations with ideal growth and enhancement. Furthermore, the increased demand for analysts due to changing economic conditions is another reason why this job may be suitable for you.
If you are tired of finding finance analyst jobs in Pune or anywhere else, TresVista can be the perfect place for you because opportunities create an impact here. Every TresVista employee goes through a steep learning curve, contributing to their success in the organisation’s growth story.