Log InSign Up
Article

What does a Junior Financial Analyst do?

Photo of Brenna Goyette
Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

A junior financial analyst is responsible for providing support to senior financial analysts and managers. They may be involved in preparing reports, analyzing data, and making recommendations.

Junior Financial Analyst job duties include:

  • Collect and analyze data to support financial planning
  • Assist in the preparation of monthly and annual budgets
  • Help develop financial models and projections for business planning
  • Conduct cost analysis and benefit-cost analysis
  • Monitor compliance with internal control procedures
  • Prepare ad hoc reports as requested by management
  • Participate in special projects as needed
  • Perform other duties as assigned
  • Understands basic accounting principles

Junior Financial Analyst Job Requirements

A Junior Financial Analyst typically needs a bachelor's degree in finance, accounting, economics, or a related field. Certification as a Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) is preferred. One to three years of experience in financial analysis, financial modeling, and investment banking is also preferred.

Junior Financial Analyst Skills

  • Analytical skills
  • Profit and loss analysis
  • Financial analysis
  • Budgeting
  • Forecasting
  • Variance analysis
  • Financial modeling
  • Business analysis
  • Business strategy
  • SWOT analysis
  • Porter's Five Forces analysis
  • Finance

Related: Top Junior Financial Analyst Skills: Definition and Examples

How to become a Junior Financial Analyst

A Junior Financial Analyst is responsible for providing support to the financial planning and analysis team. They are responsible for assisting in the preparation of financial reports, budgets, and forecasts. They also provide support in the analysis of financial data and performance.

To become a Junior Financial Analyst, one must have a bachelor's degree in accounting, finance, economics, or a related field. They should also have strong analytical and problem-solving skills. Additionally, they should be able to work well under pressure and meet deadlines.

Related: Junior Financial Analyst Resume Example

Related: Junior Financial Analyst Interview Questions (With Example Answers)

Editorial staff

Photo of Brenna Goyette, Editor

Editor

Brenna Goyette

Expert Verified

Brenna is a certified professional resume writer, career expert, and the content manager of the ResumeCat team. She has a background in corporate recruiting and human resources and has been writing resumes for over 10 years. Brenna has experience in recruiting for tech, finance, and marketing roles and has a passion for helping people find their dream jobs. She creates expert resources to help job seekers write the best resumes and cover letters, land the job, and succeed in the workplace.

Similar articles