Assistant financial analyst responsibilities given here will highlight the duties that are associated with this position to help you to relate well to the job. It would help you to check your own relevancy and aptitude in case of choosing a career. You will also find with this article the required skills and education required to shape up your career.
Assistant Financial Analyst
The assistant financial analyst is usually a fresher who assists and supports the financial manager to interpret financial information of the organization and helps in making decision of financial investments to help the manager to analyze the investment plans, funds and stock options in the company's concern.
Assistant Financial Analyst Responsibilities
Assistant financial analyst responsibilities revolve around duties like analysis of financial reports from various departments such as sales; marketing purchase and production. They are responsible to make reports on research done on the wide range of investment options available in the market in the interest of the company. He will assist the manager to arrive to the best feasible decision to invest in the stocks in making profitable business. There are usually two sides to assessment of financial analyzed securities to buy, sell or hold the security. Buy-side analyst will be engaged in the buying of stocks as an investment for the company as well as sell side analyst will require providing the best option to sell the shares at the right time.
They will help the financial manager to fill in the application forms correctly in compliance with the Securities and Exchange Commission regulations. They will help the manager to make balance sheets, income statements as the industry data and will provide it for reference to the clients who wish to invest in the company. They will gather and provide financial ratios from the data gathered from the fiscal statements and notify it to the manager. Other duties may include assist the manager to perform audits on monthly/yearly basis.
Skills Required for Assistant Financial Analyst
A brief description about assistant financial analyst responsibilities what forms an essential part is the skills required as an assistant financial analyst, which would usually constitute a strong mathematical ability associated with calculus and statistics. He must have all round knowledge about finance and book keeping.
Needs to have hands on experience on working in MS Excel spreadsheet along with the use of statistical software to analyze the financial reports. Excellent communication skills to enable coordination of financial reports along all the departments in addition to have a good rapport with the financial manager. He must keep him abreast of the new investment strategies and check daily stocks review in the market. Must possess superb analytical skills with an optimistic and result oriented approach to match.
How to become Assistant Financial Analyst
Now that you are well versed with assistant financial analyst responsibilities and skills necessary for it; the most important factor would be though educational specifications, you must have in order to qualify for an assistant financial analyst would comprise of at least a Bachelors degree in business administration with subjects like finance, accounting and statistics. His financial studies must encompass investment analysis, marketing studies, international business, business laws and managerial finance. Apart from this, he must have knowledge about the use of statistical software for the purpose of financial analysis.
Career Scope for Assistant Financial Analyst
With boom in number of multinational companies in this decade and the fact that all the companies big and small revolve around increasing their profits; there is growing need of hiring specialized services of assistant financial analyst to relieve the pressure of the financial managers who might have to shoulder all the responsibility. The services of financial analyst have become the need of hour to support the manager to accomplish the organizational goals. In case you wish to make a career in this field do go through the responsibilities, skills and educational requirements required for it and chalk a systematic plan in your favor to help you soar high in your chosen field.