What a Financial Analyst Does: 7 Career Growth Tips

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O que faz um analista financeiro (auxiliar)

Table of Contents

Heads up, financial analyst! This article is far from an instruction manual with foolproof tips on how to achieve success in a few steps. In fact, we intend to list important reflections on the subject so that you can achieve high performance in the face of current market demands.

For you who are interested in a career and want to know more about what a financial analyst does, we have a complete guide.

Know that you are the biggest and perhaps the only responsible for your career. Therefore, it is not wise to let other people or circumstances decide for you what needs to be done. This is the #1 lesson for successful professionals.

But, after all, what makes a financial analyst? What are the duties of this professional? How to grow in your career? Don't worry if these issues hammer your head, as they also permeate the minds of high performers, who face challenges to overcome during their daily activities.

To answer the questions above, it is necessary to reflect on the main obstacles that impede your career growth.

What does a financial analyst do?

The attributions of the financial analyst, there are many and encompass fundamental activities for the development of a company, regardless of its size, time in the market or segment.

Without this professional, your business may lose the opportunity to study the quality and financial stability of any projects and loans. In addition, you will not have the assertive indication to perform or not certain actions with your customers..

Check out some of the financial analyst's activities:

  • Organize accounts payable and receivable;
  • Conduct the transfer of assets and closing the company's books correctly;
  • Perform customer billing and payments to suppliers;
  • Analyze all the company's financial operations;
  • Define indicators that may reveal operational problems;
  • Develop calendars and procedures to measure and disclose the company's results;
  • Simulate and identify any problems and opportunities to improve the company's economic and financial performance;
  • Track performance and cash flow forecasts;
  • Identify and correct occasional distortions;
  • Prepare and present strategic projections and simulations that can anticipate the company's results;
  • Determine and analyze the costs of the company's products and, when possible, reduce them;
  • Create actions to improve profits;
  • Develop economic feasibility studies for the product, which is nothing more than analyzing whether the company will have the expected return, taking into account costs and investment time;
  • Diagnose the company's financial condition;
  • Make strategic financial decisions based on the results of the diagnosis made;
  • Research and suggest reliable funding sources and opportunities.

Each company can define the set of activities of its financial analyst. However, the professional can act on all the fronts listed above.

What does a financial analyst need to know?

Keep in mind that the financial area impacts all sectors of a company and, therefore, requires accuracy, technical mastery and a lot of versatility to understand and deal with corporate demands..

However, given the high workload, the financial analyst you can be an expert in operational activities, but lacking in management.

Another frequent complaint is related to the difficulty in finding tools that best meet the typical needs of the finance segment.

implement a financial management software it can optimize the work of the employee and expand the results of the sector. However, many professionals do not understand how and how important technology can be and thus do not need a work tool that can make a difference in optimizing processes.

Qualifications and Specializations for the Financial Analyst

A financial analyst also needs to know that a lack of continuing education can be a major drag on your life. This is one of the main points of how to grow in your career: keep constant development and training.

Graduation is fundamental, but to grow in this area some specific certificates are required. Meet some of them:

In addition to the certificates mentioned above, specializations in Business Management or Finance are also highly suitable for the financial analyst.

Heads up: do not confuse financial analyst with financial assistant.

The financial assistant helps to set up the database and create content for the sector. already the financial analyst job description, according to catho, is to plan, manage and analyze the financial resources of a company. In order to get around the difficulties and achieve success in the financial industry, we have separated some valuable tips.

7 tips to grow in a financial analyst career

1. Master the work tools

Among the attributions of the financial analyst is the need to deeply know the main tools used in the area. The domain of software like the Excel and other data analysis programs are critical to the delivery of “beans and rice” in the financial industry.

Using the tools, it is possible to generate financial reports that must be read and interpreted by the analyst. Conclusions need to be communicated clearly so that assertive decisions that contribute to the company's success can be considered.

2. Understand beyond numbers

The numbers are revealing and no wonder, as great ideas and projects can emerge from reports. However, it is essential to translate what they say. Much of what could be used in favor of the company is lost due to lack of care and attention to the information contained in documents.

It is also necessary to align the data presented in reports related to strategies, objectives and business management, in order to guarantee a work that generates highly positive and efficient results. After all, the financial analyst is also a business professional.

3. Take risks

As difficult as it is to get out of your comfort zone, if you are looking to grow in your career, you will have to propose solutions that may or may not work.

Therefore, the recommendation is to objectively and rationally analyze the situation to avoid mistakes that could damage your career and reputation. In the corporate world the risk management must be performed. Therefore, decisions are made based on several variables that indicate great chances of success.

4. Anticipate changes

More than delivering efficient solutions, it is part of the financial analyst's activities to anticipate scenarios to come.

Therefore, it is essential to be well informed about:

  • The reality of the company as a whole;
  • External factors related to the macroeconomic environment;
  • Government regulations;
  • Competitors' strategies.

The professional who has the ability to see ahead is able to prepare the company for changes, which will certainly increase its growth opportunities.

5. Invest in feedback for better performance

The importance of continuous or structured feedback in the corporate world it is indisputable.

In addition to correcting possible failures in the execution of tasks, posture and even behavior, listen to the feedback yours leader, a colleague or a client is an important way to achieve better performance.

One of the characteristics inherent to the successful professional is the relentless need to improve their working methods in order to achieve excellent results.

6. Focus on your reputation

It's not about worrying about what people think of you, nor is it about believing that in order to get along, you have to please everyone all the time, within the business world. However, the perception that the other has about you matters, especially if your goal is to climb positions in a particular company or area.

Just a wrong look at your image and some opportunities can be lost. So beware of your reputation both professionally and personally within the company.

7. Know a second language

Working in a multinational company or even a national one that deals with different countries, almost always requires the employee to speak a second language.

Investing in language knowledge can even be considered a differential in certain companies. Soon, the financial analyst Those looking to grow in their careers should consider learning one or more foreign languages ​​if they speak only their native language.

What did you think of our article on Success Tips for the Finance Professional? Discover other contents and have access to various topics such as financial education, management, among others in the Xerpa's blog.

Taking advantage of the fact that we talked about the financial analyst and their functions, how about getting to know the HR Consultant? This platform is all about money and is the first UK residents payment solution for salary on demand. Talk to a consultant and discover how to make your employee's life easier.


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