What does a Junior Financial Analyst do?
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
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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.
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