What is a financial analyst?
A financial analyst is responsible for examining and interpreting the financial data of an organisation. They provide business recommendations to management based on market research and economic conditions; providing a course of action to minimise these risks and maximise gains.
Financial analysts duties and tasks can include:
- Providing reporting, interpreting and forecasting support to management
- Producing year round reports illustrating key financial variances and metrics
- Assisting with budgeting and forecasting
- Financial analysis of data to identify business opportunities
- Developing and creating financial models to assist with decision making.
These analytical tasks are particularly well-suited to being outsourced as they are repetitive and rules-based, requiring a high level of attention to detail. Organisations free up their local finance teams time by sending financial tasks to outsourced financial analysts. This allows your onshore team to focus on performing revenue generating work.