Finance Analyst Job Description [Updated for 2024] (2024)

In today’s global economy, the role of finance analysts is becoming increasingly crucial.

As markets evolve and financial landscapes shift, the demand for sharp minds who can analyze, predict, and guide our financial strategies grows stronger.

But let’s delve deeper: What’s really expected from a finance analyst?

Whether you are:

  • A job seeker trying to grasp the core responsibilities of this role,
  • A hiring manager outlining the perfect candidate,
  • Or simply fascinated by the intricate world of finance analysis,

You’re in the right place.

Today, we introduce a customizable finance analyst job description template, designed for easy posting on job boards or career sites.

Let’s dive right in.

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Finance Analyst Duties and Responsibilities

Finance Analysts are responsible for gathering financial data, analyzing it, and then using that information to guide their company’s financial decisions.

Their duties often include budgeting, analyzing company expenses and revenues, and conducting risk assessments.

Here are the primary duties and responsibilities of a Finance Analyst:

  • Analyze financial data and create financial models for decision support
  • Report on financial performance and prepare for regular leadership reviews
  • Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements
  • Evaluate financial performance by comparing and analyzing actual results with plans and forecasts
  • Guide cost analysis process by establishing and enforcing policies and procedures
  • Provide analysis of trends and forecasts and recommend actions for optimization
  • Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards
  • Work closely with the accounting team to ensure accurate financial reporting
  • Participate in budgeting and financial forecasting processes
  • Perform risk assessments to identify potential investment risks

Finance Analyst Job Description Template

Job Brief

We are looking for a dedicated Finance Analyst to join our team.

The responsibilities of the Finance Analyst include assisting with financial planning and budgeting processes, analyzing financial statements and reports, developing financial models, and providing financial forecasts.

Ideal candidates should have a strong understanding of financial principles and possess keen analytical skills.

The role of a Finance Analyst is to provide financial insights that assist in the decision-making process within the organization.


  • Assist with the preparation of financial forecasts and budgets.
  • Analyze financial data and create financial models for decision support.
  • Report on financial performance and prepare for regular leadership reviews.
  • Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements.
  • Evaluate financial performance by comparing and analyzing actual results with plans and forecasts.
  • Guide the cost analysis process by establishing and enforcing policies and procedures.
  • Provide analysis of trends and forecasts and recommend actions for optimization.
  • Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards.
  • Work closely with the accounting team to ensure accurate financial reporting.


  • Proven work experience as a Finance Analyst.
  • Proficiency 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.
  • Bachelor’s degree in Finance, Economics or related field.


  • 401(k)
  • Health insurance
  • Dental insurance
  • Retirement plan
  • Paid time off
  • Professional development opportunities

Additional Information

  • Job Title: Finance Analyst
  • Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or client consultations.
  • Reporting Structure: Reports to the Finance Manager or Head of Finance.
  • Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
  • Pay Range: $65,000 minimum to $105,000 maximum
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Full-time
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

What Does a Finance Analyst Do?

A Finance Analyst, also known as a Financial Analyst, typically works for corporations across industries, investment firms, or financial institutions.

They may also work as freelance financial consultants.

Their primary role is to assess financial data and use their findings to help companies make business decisions.

This involves analyzing financial statements, forecasting future financial performance, examining financial details to ensure legal compliance, and preparing reports and presentations for management.

Finance Analysts study market trends to identify profitable investment opportunities and assess risk.

They also provide recommendations for actions such as buying or selling assets based on financial data analysis.

They work closely with the senior management, accounting department, and often with other business units in the company.

Their job is to provide insights that will allow the company to make strategic decisions, improve financial performance, and drive business growth.

Finance Analysts may also evaluate current and historical financial data to identify trends and make predictions about the future.

In addition, they might be involved in developing financial models and projections, as well as budgeting and financial planning.

Moreover, they have a role in the management of investments, including the evaluation of financial and investment projects, to ensure the organization’s financial stability and growth.

They are also involved in the decision-making process for investments, acquisitions, mergers, and other business activities that can impact the company’s financial standing.

Their work is essential for the company’s financial health, profitability, and long-term sustainability.

Finance Analyst Qualifications and Skills

Finance Analysts require a mix of technical knowledge, analytical abilities, and interpersonal skills to aid in financial decision-making processes, including:

  • Strong financial modeling skills to create forecasts and analyze trends in financial data.
  • Exceptional numerical proficiency and understanding of financial concepts, including budgeting, forecasting, and financial reporting.
  • Highly developed analytical and problem-solving skills to interpret complex financial data and provide valuable insights.
  • Excellent communication skills to clearly present financial information and make recommendations to senior management.
  • Experience with financial software and systems, as well as proficiency in Microsoft Excel and other data analysis tools.
  • Ability to multitask, prioritize, and manage time effectively to meet deadlines and handle multiple projects simultaneously.
  • Detail-oriented, with a strong commitment to accuracy and quality in their work.
  • Good interpersonal skills to work effectively within a team and coordinate with other departments.

Finance Analyst Experience Requirements

Entry-level Finance Analyst candidates typically have a bachelor’s degree in finance, business, economics, or a related field.

They may have 1-2 years of experience in the industry, often gained through internships, co-op programs, or part-time roles in financial services or accounting.

A solid foundation in financial analysis, budgeting, and forecasting is often gained from these early experiences.

Candidates may also have experience with financial software programs, such as Excel, and data analysis tools.

Finance Analysts with more than 3 years of experience have usually honed their skills in financial analysis, strategic planning, and financial reporting.

They may have worked in roles such as Junior Finance Analyst, Financial Planner, or Accountant.

Those with over 5 years of experience often have a deep understanding of financial trends and business operations.

They may also have experience in presenting financial forecasts and advising management on financial decisions.

At this stage, they may be ready for senior roles or managerial positions within a finance department.

Finance Analysts with advanced experience may also have a Master’s degree in finance or business administration or hold financial certifications such as the Chartered Financial Analyst (CFA) designation.

Finance Analyst Education and Training Requirements

Finance Analysts generally hold a bachelor’s degree in finance, accounting, economics, or a related field.

These programs provide a strong foundation in financial principles, accounting procedures, economic analysis, and statistical interpretations.

In addition to their degree, a financial analyst often requires knowledge in spreadsheet software, databases, and financial analysis software.

For more complex roles, employers may require a master’s degree in business administration (MBA), finance, economics, or statistics.

Certain positions may also require Finance Analysts to have a Chartered Financial Analyst (CFA) certification, which is recognized globally and indicates proficiency in investment analysis and portfolio management.

Advanced degrees or certifications not only enhance a finance analyst’s skills but also demonstrate their commitment to the field and potential for leadership.

Continued education is also critical in this role, as financial regulations and market dynamics often change, requiring analysts to stay updated.

Finance Analyst Salary Expectations

A Finance Analyst can expect to earn an average salary of $61,971 (USD) per year.

However, the actual income can vary depending on factors such as the individual’s level of experience, specific education, the size and industry of the employing company, and the cost of living in the job location.

Finance Analyst Job Description FAQs

What skills does a finance analyst need?

A Finance Analyst should have strong numerical skills and an analytical mindset to interpret complex financial data.

They should also possess excellent communication skills to present their findings and explain financial jargon to stakeholders.

Attention to detail and proficiency in using financial software and spreadsheets is also critical.

Lastly, they should have problem-solving skills to provide solutions based on their analyses.

Do finance analysts need a degree?

Yes, Finance Analysts typically require a bachelor’s degree in finance, economics, business, or a related field.

Some employers may prefer candidates with a master’s degree or professional certifications such as Chartered Financial Analyst (CFA).

What should you look for in a finance analyst resume?

When reviewing a finance analyst’s resume, look for a strong academic background in finance or related fields and relevant work experience.

Proficiency in financial software and Microsoft Excel is a must.

Certifications like CFA or Certified Public Accountant (CPA) are often desirable.

Additionally, any experience with data analysis, forecasting, and financial modeling should be highlighted.

What qualities make a good finance analyst?

A good Finance Analyst is detail-oriented, ensuring that financial reports are accurate and free of errors.

They should be analytical thinkers, able to understand complex financial data and translate it into actionable insights.

They must also possess excellent communication skills, as they will need to present their findings to various stakeholders.

Lastly, they should be proactive and able to work under pressure to meet tight deadlines.

Is it difficult to hire finance analysts?

Hiring finance analysts can be challenging as the role requires specific skills and a strong background in finance.

The competition for experienced finance analysts is high, so companies need to offer competitive salaries and benefits.

Furthermore, finding candidates with the right mix of analytical skills, financial knowledge, and excellent communication abilities can be demanding.


So there you have it.

Today, we’ve unpacked the intricate role of a finance analyst.

Surprise surprise!

It’s not just about crunching numbers.

It’s about shaping the financial future, one number at a time.

With our go-to finance analyst job description template and real-world examples, you’re equipped to take the next step.

But why rest on your laurels?

Plunge further with our job description generator. It’s your subsequent move towards meticulously-crafted listings or refining your resume to stand out.


Every financial analysis is a piece of the larger puzzle.

Let’s shape that future. Together.

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Finance Analyst Job Description [Updated for 2024] (2024)


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