What does a Junior Financial Analyst do?

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

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.