A COMPREHENSIVE GUIDE TO HIRING A FINANICAL ANALYST
Financial Analyst Job Description
We are looking for a Financial Analyst to provide accurate and data based information on company’s profitability, solvency, stability and liquidity. You will research and analyze financial information to help company make well informed decisions, write reports and monitor financial movements.
Financial Analyst Responsibilities
Consolidate and analyze financial data (budgets, income statement forecasts etc) taking into account company’s goals and financial standing
Provide creative alternatives and recommendations to reduce costs and improve financial performance
Assemble and summarize data to structure sophisticated reports on financial status and risks
Develop financial models, conduct benchmarking and process analysis
Conduct business studies on past, future and comparative performance and develop forecast models
Identify trends, advise company and recommend actions to a senior financial analyst based on sound analysis
Track and determine financial status by analyzing actual results in comparison with forecasts
Reconcile transactions by comparing and correcting data
Gain and update job knowledge to remain informed about novelty in the field
Consult with management to guide and influence long term and strategic decision making within the broadest scope
Drive process improvement and policy development initiatives that impact the function
Financial Analyst Requirements
Proven working experience as a Finance Analyst
Proficient in spreadsheets, databases, MS Office and financial software applications
Hands on experience with statistical analysis and statistical packages
Outstanding presentation, reporting and communication skills
Proven knowledge of financial forecasting and diagnosis, corporate finance and information analysis
Well informed in current financial subjects, accounting, tax laws, money market and business environments
BS degree in Finance, Economics or related field
How to Hire a Financial Analyst
The interview process provides hiring managers and professionals the opportunity to assess the candidates for these high-achieving qualities. In addition, HR professionals can delve deep into topics related to the candidate’s education, experience, and skills.
Ask your Financial Analyst candidates the following compelling interview questions to start the discussion:
Why Do You Want to Be a Financial Analyst?
Why Do You Want to Work for Our Company?
Have You Considered or Are You Already Pursuing Licenses, Credentials, and Certifications? How Do They Help You in a Professional Context?
Do You Prefer to Work Alone or in a Team Environment?
Tell Me About a Time When You Had to Present Financial Data.
In the end, there are numerous Financial Analyst interview questions you could ask. So don’t limit your questions to these five. Ask the candidate questions tailored to your specific business to see whether they could perform well in your company or whether or not they would be an excellent cultural fit.
Financial Analyst Salary
The average salary for a Financial Analyst is $62,527.
Find Your Financial Analyst More Efficiently!
There are so many factors that go into finding and hiring the perfect candidate for a Financial Analyst position. So why not make it easier by using a top staffing firm?
For more than a decade, The BestLogic Staffing team has championed business success through extensive consultations to pinpoint individuals and personalities that grow businesses. The BestLogic Staffing partners with your leadership team to learn about the company’s mission and values, and determine what success looks like for your company. Using this information, The BestLogic Staffing performs an exhaustive search to find the best candidate(s) for your business.
Through this process, BestLogic Staffing embodies its mission to build connections that align candidates and stakeholders with similar purpose-driven values. Contact the BestLogic Staffing online or call 860 251 9593 to start your partnership with BestLogic Staffing and find your next Financial Analyst!