Financial AnalystJob Description, Salary, Career Path, and Trends
Financial analysts work with companies and individuals, offering guidance and advice on optimizing their finances while advising on the risks involved. They recommend which stocks or bonds to invest in and how much a client should invest. They evaluate investment opportunities and put together plans to best build a client’s wealth. A financial analyst must have deep knowledge of the financial market, as well as past trends and future forecasts, and use that knowledge to analyze financial data while adhering to company goals. Along with a strong understanding of the client’s financial situation, a financial analyst should have good research skills and the ability to provide solid recommendations to reduce costs and improve financial performance.
A financial analyst must have a good working knowledge of spreadsheets, databases, MS Office, and financial software applications. They should be well versed in statistical analysis and statistical packages. Exceptional presentation and communication skills are necessary to succeed in this role. They need to be current on tax laws, money market accounts, and business environments.
Sample job description #1
Assist in the entire Acquisition and Integration process, including supporting the efforts of business development, operations, marketing, finance, and external consultants and service providers to close
Participate in the valuation process of targets using historic and forecasted financial information, synthesizing inputs from the CareVet leadership team and other relevant sources
Help identify synergy opportunities for prospective targets
Provide insights to Finance Team to develop anticipated post-close revenue and EBITDA targets based on diligence work
Assist the Finance Team in the due diligence process by:
Identifying unusual items that should be reviewed as part of the quality of earnings report
Attending calls with external consultants on quality of earnings and communicating to impacts/findings to CFO
Enhancing the Acquisitions and Integrations Playbook to standardize and streamline the process
Review due diligence materials provided by target and ensure support is adequate for accounting records
Execute Finance Playbook steps
Work with accounting team to determine stub period financial statements if mid-month close applies
Help with any audit and/or tax requirements, as necessary
Qualifications and experience
Bachelor’s Degree in Accounting or Finance
1-2 years experience in accounting or finance related role. (1-2 busy seasons)
1-2 years experience with mergers and acquisitions preferred but not required
Highly skilled in use of Excel spreadsheets and other accounting software
Excellent communication (written and verbal) skills, customer service and organizational skills
High integrity, excellent work habits, including a willingness to work the hours necessary to complete a task or project, especially when important deadlines cause greater than normal pressure
Sample job description #2
Co-owns the competitive pricing strategies to achieve the business’ revenue goals
Assesses data from a variety of sources to gain insights into pricing strategies and market trends
Applies statistical modeling methods to determine the potential impact of pricing strategy on profitability
Collaborates with the Business Development Team on developing and implementing competitive pricing strategies
Develops dynamic pricing tools to effectively respond to the changing market needs and trends
Prepares and presents pricing analysis findings to executives and the Business Development Team
Process vendor invoices in the accounting system in accordance with company policies
Works closely with Controller to prepare financial statements and manage daily accounting/financial tasks
Prepares and analyzes accounting transactions across various financial items, including revenue recognition, expenses, payroll, pricing, and fixed assets
Prepares monthly journal entries and performs reconciliations, general accruals, and other assets
Assists in completing audits and preparing periodic internal and external reports
Maintains project account structures, project financials, and provides related support functions as necessary
Reviews, analyzes, and tracks Task Order (TO) invoices to ensure processing in a uniform manner and in accordance with TO requirements
Provides general support to including, but not limited to, analysis, data calls, financial management, risk management, audits, and project management-related tasks
Analyzes pricing data from industry standards, previous sales trends, as well as competitors and reports data to decision makers
Identifies marketing strategies to increase profits
Works with staff and departments to resolve accounting and pricing related questions
Coordinates with internal sources to ensure proper coding of expenses
2+ years working in an accounting or financial analyst position with a focus on federal government opportunities
2+ years working in a pricing capacity
Experience anticipating accounting, financial reporting, and forecasting
A passion for applying strategy, design, and technology to help businesses change the way they interact with customers, each other, and the world at large
Someone who knows and enjoys the hustle and is comfortable with ambiguity
A clear, concise communicator with exceptional follow-up and organization skills
Strong written and oral communication skills and experience successfully balancing multiple tasks
The ideal applicant will be comfortable in a fast-paced environment, flexible, innovative, and attentive to detail
2+ years working with multi-award contract vehicles, task order bids, and price-to-win strategy preferred
2+ years experience working on a distributed team, remote team, or remote freelancing
2+ years of experience working in the federal cost accounting environment
Sample job description #3
You will be responsible for ensuring the accurate and timely preparation of work papers and analyses to report practice operations, review performance benchmarks and assists in business forecasting.
What you will do in this role
You will prepare journal entries, projections, and account reconciliations as required to accurately report/forecast operational performance
Prepare monthly reports for corporate data submissions and compile information to evaluate performance in relation to benchmarks
You will prepare detailed monthly actual to budget variance reports to support practice management
Assist in coordination with Hospital Based Physician (HBP) operations leadership for service line month operating review presentations
You will assist practice management, as needed with financial information requests and questions
Participate in development and detailed review of operation budgets and performance benchmarks
You will ensure that all processing and reporting deadlines are consistently achieved
Qualifications you will need
Bachelor’s Degree in Accounting, Finance, Economics or related field as required
Additional related experience would be considered in lieu of a completed degree program
Two years of progressive accounting experience; preferably in a physician practice management or healthcare-related environment
Average salary and compensation
The average salary for a financial analyst is $76,000 in the United States. Position salary will vary based on experience, education, company size, industry, and market.
Los Angeles, California
Minneapolis-St. Paul, Minnesota
New York City, New York
Sample interview questions
Do you consider yourself good with numbers?
What are the four financial statements used to monitor a company’s finances?
Do you trust your ability to make good financial choices?
Are you capable of comprehending new laws and policies?
Can you make models representing our finances?
Do you have any experience in the field?
Overall, do you have the ability to work under stress?
Would you consider yourself intellectually enhanced?
How would you define a cash flow statement?
Which profitability model are you most familiar with?
What software are you familiar working with for predicting your company’s cash flow?
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