The main role of a Finance Analysts is to make recommendations for future economic and financial directions based on a complete analysis of existing data. This implies setting prices based on market demand, performing cost analysis and making cost cutting recommendations, monitoring actual results and comparing them with predicted outcomes.
A good Finance Analyst is able to assess the economical environment, is able to perform benchmark analysis and can increase revenue by smart accounting and managing techniques. Specifically, they need to understand the business, the environment it operates in and keep clients informed of possible dangers.
When applying for a Finance Analyst job, it is advisable that you have good skills in data analysis, reporting and risk management.
Tips for Finance Analyst Resumes
Data analysis Skills
Finance Analysts base their recommendations on data provided by the client such as costs, revenues, number of clients, predicted sales, etc. The Analyst’s job is to skim through the data, to produce forecasts by setting in place different scenarios, to perform market researches to discover buying trends and to put together all this information in action points for the client.
It implies making assumptions, testing hypothesis, measuring variation, building models and calibrating the models using real data. A formal education in mathematics, statistics or finance is necessary and usually 3-5 years of experience are required.
Reporting Skills
The Analyst should be able to explain to the client in a few simple sentences the results of their work and support them with graphics, diagrams and other such materials. Most Finance Analysts are expected to deliver monthly or quarterly reports to their clients or employers, highlighting the proposed actions for increasing ROI or other similar KPI.
Accounting Skills
Since the Finance Analyst’s work implies working with financial data from accounting books it is required that they posses in depth knowledge about corporate finance, financial accounting and audit techniques. Having a qualification as a CPA (certified public accountant) is also a way to distinguish from other candidates.
Finance Analyst Resume Samples
The following resume samples and templates for Finance Analyst can help you get a better idea of what your resume can look like.
When applying to a Finance Analyst job try to highlight in your resume the strong points such as a great school you attended or outstanding results from past jobs.
Additional Finance Analyst Resume Tips
- Risk management – Since Finance Analysts need to be aware of the market fluctuations, having a deep understanding of defining and minimizing risks helps. Identifying the possible causes of financial loss and putting in place avoidance mechanisms are also part of the job.
- Corporate and governance knowledge – Since most Finance Analysts are expected to work within large corporations it helps having previous knowledge about the way decisions are made, who are the ones responsible for taking each decision within a hierarchy and to whom they should present each set of reports for maximum impact.
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