Financial Analyst Job Description

Updated on April 30, 2024
Article byKartik Sharma
Edited byAshish Kumar Srivastav
Reviewed byDheeraj Vaidya, CFA, FRM

Financial Analyst Job Description Guide

A Financial Analyst is a person who implements the fundamentals of financial analysis to evaluate the company’s position from the point of view of raising capital in the form of debt or equity, credit ratings, or budging. They are expected to analyze various scenarios including but not limited to current situations in the market, and come up with intelligent inferences.

For example, a credit analystin a bank is primarily responsible for deciding if a loan should be given (also called loan sanction by bank officers) to people who come to the bank to borrow money. Several factors are responsible for deciding if a person can get a loan from the bank.

Financial Analyst JD

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Factors to Get a Loan From the Bank

  1. Whether the person who wants to borrow money is employed or not?
  2. If there is any other loan already taken by the person?

These are some of the many factors a ‘credit analyst’ takes into account before deciding on whether the bank should lend money or not.

Financial Analyst Job Description

Similarly, a ‘financial analyst’ is one who ‘studies’ a company and tries to make predictions about the company’s financial health in the future. As we mentioned earlier, an analyst has to look at multiple factors before making decisions. Similarly, a financial analyst also has several factors to analyze and understand before reaching conclusions about that particular company.

The foremost Financial Analyst job description is to study financial statements of companies. Just like we, as students, are issued grade cards by our school teacher with different grades for different subjects and an overall assessment of our year-round performance, companies also issue their financial statements, which consist of information on how they performed their businesses throughout the year.

Sample Job Description

Below is a sample Financial Analyst Job Description.

Financial Analyst Job Description 1

Financial Analyst supports and analyzes company financials monthly, quarterly, and annual and assists in preparing and forecasting the annual budget. Below are some of the key responsibilities of a Financial Analyst

  • Support monthly and year-end accounting
  • Analyze business units’ performance every month and provide budget vs variance analysis as well as forecasts
  • Financial modeling resulting in forecasting of revenue, expenses, headcounts, balance sheet, and cash flows
  • monitor the key financial metrics of the company
  • perform performing ad-hoc analysis and new project break-even analysis
  • Provide key business analysis and strategic recommendations on pricing, investment, make vs. buy, ROI cost reduction, and controls.
  • Assist in due diligence and identification of business acquisition targets

What does a financial analyst do? Video Explanation


Key Qualifications


Below are the key qualifications required by Financial Analyst

  • Typically a graduate-level course in Accounting & Commerce, Finance is necessary.
  • Candidates with Engineering background/STEM courses are preferred as they have quantitative and programming skills.
  • Candidates from Business Schools with a specialization in Finance have an advantage as they can read financial statements easily, be aware of different accounting practices, and understand market conditions more easily.
  • Stronghold on Statistics-forecasting techniques, risk modeling, Value At Risk calculations
  • Applied Mathematics and Economics knowledge- to analyze current economic conditions and predictions for future economic indicators
  • Mathematical modeling for in-depth data analyses using traditional and advanced methods
  • A Financial Analyst is expected to have good presentations and communication skills.



Here is the list of top skills and knowledge that a Financial analyst must possess –

  • Working knowledge of MS-Excel
  • Knowledge of database management systems is required to store data.
  • Hands-on Experience in VBA-Macros
  • Knowledge of accounting procedures and financial reporting practices
  • Ability to design dashboards showcasing information in the data; one should work on software like PowerBI.
  • Financial Modeling in excel
  • Strong command of English and good conversational skills
  • Ability to swiftly coordinate amongst different departments of an organization which may all be using data stored by him, reports generated by him, or recommendations made to the senior management
  • Ensure timely communication of results/reports to key personnel within the organization as well as clients


In conclusion, as a financial analyst, one is responsible for showcasing the company’s report card to various stakeholders. In addition, one is also responsible for making future predictions on where the company analyzed its business. In the end, it can be seen that a financial analyst needs to have different skill-sets for different financial analyst jobs for graduates like financial statement analysis, database management, modeling, predictions, and report writing.

Recommended Articles

This has been a guide to the financial analyst job description. Here we looked at who a financial analyst is, the full details of its job, key skills you should possess as a financial analyst, and the qualifications you must possess as a financial analyst. You may also have a look at these articles below to learn more about corporate finance –