Financial Analyst Job Description: Top Duties and Requirements

A Financial Analyst, or Portfolio Manager, is an individual who examines financial data and predicts future financial trends. Their main responsibilities include analyzing past market trends, evaluating financial risks, and predicting upcoming financial trends in the stock market to create investment strategies.

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Financial Analyst duties and responsibilities

A Financial Analyst is responsible for guiding their clients to making sound investments. In order to do that successfully, some of the common daily duties and responsibilities a Financial Analyst must perform include:

  • Analyze investment projects
  • Forecast future trends in investments, stocks, and other financial projects
  • Forecast different scenarios and ways to deal with each potential outcome
  • Develop risk profiles for clients
  • Compile investment data in organized reporting systems
  • Advise clients on how to proceed with financial projects based on analysis of the market (past and present)
  • Develop tools to optimize the analysis of financial documents
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Financial Analyst Job Description Examples:


Example 1

The Financial Analyst position will assist the Finance Manager with full-cycle accounting for our Insurance Agency and Reciprocal Insurance Exchange. This position is responsible for the accurate and timely processing of accounts payable, accounts receivable, bank reconciliations, and reporting, as well as implementing process improvements and maintaining custom software. The Financial Analyst will have access to highly confidential information, and it is expected and required that the information be held in the strictest confidence. Term: This is a newly created permanent position *Roles and Responsibilities* * Process weekly insurance claims payable batches * Process daily cash receipts * Analyze and process accounts receivable invoicing * Analyze and enter intercompany transactions * Monthly bank reconciliations * Collection and compilation of data * Ad-hoc reporting * Preparation of journal entries * Assist in administration of insurance software including basic programming, data checking, and information updates * Support the Finance Manager with accounting and administrative tasks including expenses and corporate credit cards *Qualifications* * Post-secondary diploma in accounting, business or a related discipline or applicable work experience and training. * 3+ years of full-cycle accounting experience * Experience with Great Dynamics software would be an asset * Insurance accounting experience would be an asset * High proficiency in MS Word, MS Excel, Outlook, and Adobe Acrobat is essential; experience with Power BI would be an asset * Strong technical skills in custom software environments including basic programming and implementation of process changes would be an asset * Excellent written, oral, and listening communication skills, and exceptional organizational and planning skills. * Attention to detail and high level of accuracy * Personable and able to build and maintain professional relationships * Strong time management skills * Able to work with minimal supervision, self-motivated, and self-directed * Manages multiple priorities in a fast-paced and changing environment while able to quickly analyze problems to reach a conclusion * Expects the highest quality performance from self and others * Able to and enjoy working in a team environment including keeping others appropriately informed. *Compensation* * RMA offers a competitive salary and full benefits commensurate with experience and post-secondary education. The RMA is an equal opportunity employer. Any applicant that meets the qualifications above is encouraged to apply. Priority will be given to Canadian citizens and those already legally entitled to work in Canada. We thank all applicants, but due to the high volume of responses expected, only those selected for an interview will be contacted. No phone calls, please. Application deadline: 2022-02-04 Job Types: Full-time, Permanent Benefits: * Company pension * Dental care * Employee assistance program * Extended health care * Life insurance * On-site parking * Paid time off * Vision care * Wellness program COVID-19 considerations: RMA is following all provincial guidelines related to Covid-19. Education: * Secondary School (required) Experience: * Great Dynamics Software: 1 year (preferred) * Insurance Accounting: 1 year (preferred) * Full-Cycle Accounting: 3 years (required)

Example 2

*Neighbourly Pharmacy Inc. *is welcoming applications for a Financial Analyst to join the team. Reporting to Supervisor, Corporate Accounting the Financial Analyst will be a key member of the Finance team, supporting treasury, banking and accounting activities. *Job Summary* The Financial Analyst is responsible for providing accounting support to the organization including, but not limited to: · Everyday banking, posting entries, reconciling banks and directing bank transactions to appropriate staff and departments for posting · Period, quarter and year end close analytics, including variance analysis · Assisting with several areas of the period and year end close process, such as bank reconciliations, posting journal entries, accrued liability reconciliations, etc · Assisting with cash flow management and reporting · Assisting with the overall integrity of the financial data, processes and business controls for the organization · Continuously helping to improve the financial reporting processes · Participating, supporting and driving corporate wide financial priorities & initiatives · Prepare and process corporate journal entries · Prepare bank reconciliations · Prepare balance sheet reconciliations · Assist in the preparation of rolling cash flow forecasts · Ensure confidentiality of all financial and proprietary information · Analyze the financial results, including highlighting accounting issues and providing explanations for any variances to budget · Monitor and provide recommendations on all key financial numbers *Qualifications: * · Excellent organization and communication skills · Advanced Microsoft Office, Power Point and Excel skills, including Pivot tables, lookups, etc. · Bachelor’s degree in Business with a focus on accounting and/or finance · Currently working towards CPA, or willing to do so · Excellent documentation skills to ensure working papers are audit quality · Independent, self-starter who thrives in a fast-paced, highly acquisitive, changing environment · Strong attention to detail and deadline oriented · Experience in Blackline reconciliations tool is an asset *While all responses are appreciated only those being considered for interviews will be acknowledged.* Neighbourly Pharmacy is an equal opportunity employer. We are committed to deliver accessibility and equality to all job applicants, staff, and our customers. Accommodation is available upon request for applicants with disabilities in the recruitment and assessment process and when hired. Job Types: Full-time, Permanent Additional pay: * Bonus pay Benefits: * Dental care * Disability insurance * Employee assistance program * Extended health care * Life insurance * Paid time off * RRSP match * Vision care * Work from home Schedule: * Monday to Friday Application question(s): * Are you currently working towards CPA, or willing to do so? Education: * Bachelor's Degree (preferred) * Chartered Professional Accountant (preferred) Work remotely: * Temporarily due to COVID-19

Example 3

*Job Title* – Financial Analyst *Department*- Finance *Years of experience* – Minimum 3 yrs. *Position Type*- Permanent *How you will make contributions that matter: * *Job Overview* We have a new role open in our team for a Financial Analyst. You will spend your day analyzing huge amounts of financial data and preparing various accounting and financial reports based on this data and your research-backed opinions. To excel in this role, you need proven knowledge of various financial forecasting and corporate finance models. *Responsibilities: * * Participate in the preparation and compilation of the annual operating plan (AOP) and strategic plan for assigned component of the P&L and related balance sheet accounts * Update the monthly forecast for assigned function based on business changes. Actively communicate changes to business partners by providing specific, actionable and forward-looking commentary on the various changes as well as guidance on potential risk. * Participate in month-end/quarter-end close activities to ensure completion of assigned tasks, including identification and resolution of unusual items and issues in a timely manner. * Provide comprehensive financial analysis and models for various requests depending on the assigned function (product development, customer analysis, competitive analysis, pricing, etc.). * Coordinating with other members of the finance team, such as a risk analyst when required to review financial information and forecasts * Participate in various finance wide-projects, projects will vary depending on business needs. * Reconciliation of some GL accounts * Preparation of month-end schedules for accruals and prepaids * Maintenance of the capital expenditures and depreciation schedules * Development of cost standards for materials and labor; * Creation and maintenance of all inventory items, including BOMs * Analysis of the production costs and recommending changes (raw material yields, labor productivity, packaging wastage and other metrics) * Identification of the areas for improvement in production, supply chain, logistics and inventory management. * Periodic review of the integrity and reasonableness of the existing cost accounting systems *Recipe for Success**: * * Bachelor’s degree in Accounting or Finance required * MBA or CPA/CMA certification a plus * 3+ years of professional general business and financial experience * Ability to self motivate in a fast-paced environment, ability to deal with ambiguity, change and a dynamic business environment. * Background and experience in P&L management, along with knowledge of financial systems and general accounting concepts. * Ability to develop strong relationships and partnerships with internal customers, peers and effectively manage those relationships. * Experience effectively working across multiple departments to complete a project or resolve an organizational challenge. * Proficiency in MS Office applications (Word, Excel, PowerPoint, etc.). *A Few Extra Ingredients* * Team player with a positive attitude * Work well within time restraints and able to meet deadlines * Speak and write effectively in English * Respect for authority and company policy * Demonstrated attention to detail The Crump Group is committed to equity in employment and diversity. The Crump Group will provide an inclusive and barrier free recruitment process to applicants with accessibility needs in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act (AODA). If you require a accommodation during this process, please inform The Crump’s Group of your requirements. Job Types: Full-time, Permanent Benefits: * Dental care * Extended health care * Vision care Schedule: * 8 hour shift * Monday to Friday Education: * Bachelor's Degree (preferred) Experience: * Financial Analysis Occupations: 3 years (preferred) * preparing accounting and financial reports: 3 years (preferred) Work remotely: * No

What does a Financial Analyst do?

A Financial Analyst collects and analyzes data from past transactions and investments. This allows them to forecast market trends and guide their clients into investing wisely and safely. They are responsible for tracking trade volumes and stock market fluctuations, preparing risk profiles, and creating and implementing tools for managing and analyzing financial data for their clients. A Financial Analyst plays a key role in any financial organization and works closely with Accountants and Controllers.

Financial Analyst skills and qualifications

A Financial Analyst plays a key role in their clients’ wealth management and investment success. Some common skills and qualifications that make for a successful Financial Analyst candidate include:

  • Strong data collection and analytical skills
  • Excellent organizational skills
  • Strong eye for detail
  • Outstanding communication skills
  • Exceptional knowledge of finance, stocks, bonds, investments, and other financial projects
  • Good business administration skills
  • Excellent verbal and written communication skills

Financial Analyst experience requirements

A Financial Analyst may be an entry-level position, so a candidate’s education and soft skills are important. However, a candidate with related financial experience in any industry has an advantage. Candidates who have been immersed in a similar working environment through an internship or other work placement are also an asset.

Financial Analyst education and training requirements

A Financial Analyst candidate generally needs a bachelor’s degree in commerce, finance, economics, business administration, or a related discipline. Candidates with an MBA should be well-qualified for the role. You may also prefer those with a Chartered Financial Analyst (CFA) designation. In Saskatchewan, Financial Analysts must be recognized as Portfolio Managers by the Saskatchewan Financial Services Commission. In Manitoba, Portfolio Managers require the same certification from the Manitoba Securities Commission.

Financial Analyst salary expectations

According to Indeed Salaries, the average salary for a Financial Analyst in Canada is $66,426 per year. Salaries vary based on location, size and type of establishment, level of experience, and education.

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Financial Analyst job description FAQs

What is the difference between a Financial Analyst and a Business Analyst?

A Financial Analyst focuses on analyzing investment history. They determine how certain financial projects fared in the past and use that information to make calculated deductions for how trends will change in the future. A Business Analyst also analyzes financial data for a business. They focus on making the best use of a company’s resources to meet objectives and plan for the future.

What are the day-to-day duties of a Financial Analyst?

A Financial Analyst extracts financial documents and statements, and reports their findings after a thorough analysis. They must review past investment trends each day and collect the data over time. Compiling all of this detailed information into software or tools that can help them make future decisions is a critical part of their day. They also advise their clients, answer financial questions, and explain past and present market trends.

Who does a Financial Analyst report to?

Candidates can work as either Junior or Senior Financial Analysts, depending on their level of experience and where they are in their careers. Junior Financial Analysts start in entry-level positions and report to a Senior Financial Analyst, Portfolio Manager, or another team leader. Senior Financial Analysts work closely with Accountants and report their findings to the company’s upper management team and other stakeholders.

What makes a Financial Analyst job description stand out?

As there are typically both Junior and Senior Financial Analyst roles within one company, a good job description clearly outlines the seniority of the role. The description should detail any specific designations or certification requirements, like a Master of Business Administration (MBA) or Chartered Financial Analyst (CFA). To make the job description stand out, highlight attractive benefits like a competitive salary, insurance, and flexible schedules as applicable.

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