CFA duties and responsibilities
A CFA performs various duties and responsibilities in an establishment. Some essential tasks of a CFA include:
- Evaluating financial risks and preparing financial forecasts for clients
- Planning cash flows and assessing the financial performance of a client
- Analyzing investment projects
- Developing and implementing tools for analyzing financial portfolios
- Taking part in the financial aspects of contracts and calls
- Following up on financial projects assigned to financial backers
- Helping to prepare investment budgets for clients
- Attending workshops, conferences and on-the-job training sessions on the best practices in financial analysis.
CFA skills and qualifications
CFAs must have unique skills and qualifications to succeed in their role, such as:
- Effective written and verbal communication to explain financial recommendations to clients
- Keen attention to detail to identify patterns and trends in financial data
- Strong decision-making skills to convince clients of the right financial decisions
- Excellent analytical and problem-solving skills to discover creative financial solutions
- Strong organizational skills
- Excellent technical skills and the ability to use financial software for data analysis
CFA experience requirements
The CFA Institute has strict requirements for candidates to meet, including at least 48 months of work experience in a finance role. Candidates may complete this work experience before, during, or after taking their exams and can choose to work in a wide range of areas such as corporate finance, trading, and economics.
The CFA requirements also stipulate that at least half of a candidate’s work experience must involve making investment decisions. Other experience requirements, such as experience conducting financial research, depend on the specific needs of your organization.
CFA education and training requirements
Look for CFA candidates with a bachelor’s degree or higher academic certification in business administration, economics, commerce, or a related field. You may prefer those with advanced degrees like a master’s degree in business administration (MBA) or finance. A candidate must be a certified charterholder after completing the CFA Institute exams and meeting other requirements set by the professional organization.
Job description samples for similar positions
If a CFA isn’t quite what you’re looking for, relevant job description samples that may suit your search include: