What does a Financial Reporting Analyst do?
Published 3 min read
A financial reporting analyst is responsible for the preparation and analysis of an organization's financial statements. They also play a role in forecasting future financial performance and identifying trends.
Financial Reporting Analyst job duties include:
- Prepare and distribute accurate and timely financial reports
- Develop and maintain strong relationships with business partners
- Understand and analyze business trends to identify potential risks and opportunities
- Proactively identify process improvements to enhance financial reporting
- Assist with the development and implementation of new accounting policies and procedures
- Manage the month-end close process and ensure timely and accurate financial reporting
- Prepare ad-hoc analysis and special reports as requested
- Support external auditors during quarterly reviews and annual audits
- Maintain a high level of accuracy in all financial reporting
Financial Reporting Analyst Job Requirements
A financial reporting analyst typically has a bachelor's degree in accounting, finance, business, or economics. Some employers may require certification, such as a Certified Public Accountant (CPA) or Certified Financial Analyst (CFA) designation. Financial reporting analysts typically have 2-4 years of experience in accounting or finance.
Financial Reporting Analyst Skills
- Strong analytical and problem solving skills
- Ability to work independently and as part of a team
- Strong attention to detail
- Excellent written and verbal communication skills
- Ability to meet deadlines
- Strong organizational skills
- Advanced Excel skills
- Experience with financial reporting software
- Knowledge of Generally Accepted Accounting Principles (GAAP)
- CPA or MBA preferred
- 2+ years of experience in a financial reporting role
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How to become a Financial Reporting Analyst
A financial reporting analyst is responsible for the preparation and analysis of an organization's financial statements. They work closely with accountants and other financial professionals to ensure that all financial information is accurate and compliant with generally accepted accounting principles (GAAP).
Becoming a financial reporting analyst typically requires a bachelor's degree in accounting or a related field. Many employers also prefer candidates who have experience working in public accounting or auditing. Financial reporting analysts must have strong analytical and critical thinking skills, as well as excellent communication and interpersonal skills. They must be able to work independently and be detail-oriented.
If you are interested in becoming a financial reporting analyst, start by completing a bachelor's degree in accounting or a related field. Once you have your degree, consider working in public accounting or auditing to gain experience. Then, develop your analytical and critical thinking skills, as well as your communication and interpersonal skills. Finally, make sure you are detail-oriented and able to work independently.
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