FINANCIAL ANALYST

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Why they are important

A Financial Analyst is valuable to a business because they are responsible for the financial planning and analysis of financial matters of an organization which enables the management team make well-informed and important commercial decisions. This they do by determining the best use of resources to achieve business objectives as well as monitoring financial movements within the market.

A Financial Analyst job description typically includes:

  • Researching and analysing current and past financial data to  identify trends and obtain useful financial information.
  • Preparing reports from the researched and analyzed information to communicate the insights to the management and other relevant teams in the organization.
  • Looking out for different investment opportunities and consulting with the management team to  make long-term profitable financial plans. 
  • Making cash flow forecasts and determining budgets for upcoming projects.
  • Creating practicable financial models and policies that will improve the financial growth of the organization.

Basic Skills and Qualifications

Person with educational backgrounds in; finance, economics, mathematics, business administration, statistics, and accounting have an upper hand to develop themselves to transition into the role of a Financial Analyst.

Other important skills required for the role include:

  • Good communication skills (active listening, verbal and written communication).
  • A high level of mathematical / statistical ability. 
  • Knowledge of or ability to quickly learn to use analytic software and tools for statistical analysis and financial forecasting. 
  • Critical thinking and attention to details. 
  • Ability to research and keep informed with current industry updates and practices.
  • Teachability and willingness to learn.
Where you can work as a Financial Analyst
You can work as a financial analyst in:
  • Financial institutions such as; banks, insurance companies, exchanges etc.
  • Public and private business organizations
  • Government parastatals
  • Non-governmental Organizations etc. 
Where you can find work
You can find the right role online on career service websites like LinkedIn, Jobberman, Facebook etc.

How much you can earn per year
As a Financial Analyst, you can earn anything between N150,000 to N600,000 per month depending on where in the world you get the job or the based on the quality and / or quantity of clients you work with if you are a freelancer.

Become a FINANCIAL ANALYST today.

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