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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:
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.
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Financial analysts and financial advisors are slightly different. Larger organisations often have more financial data to interpret, while smaller businesses don’t. Smaller organisations often combine both roles to save on costs in the long term; outsourced services provide a solution to this problem. Financial analysts track a businesses financial performance against a set plan, and to do this effectively; they require certain skills.
Outsourcing services recruit financial analysts the same way an internal, talent acquisition team would. Essentially, they ask the same questions to understand whether these offshore candidates would be able to provide the level of quality required by Australian organisations:
In terms of qualifications, a higher education degree or certificate in economics, finance or statistics is desirable. Financial analysts require high level numeracy and accounting skills as they are constantly interpreting financial data. Outsourcing companies can help you find the right candidate to meet your organisation’s analytical requirements:
Organisations are able to appreciate the added benefits that come from offshoring financial analyst duties to the Philippines, including:
Increased employee satisfaction
Give your local team peace of mind by relieving them of any unnecessary tasks and sharing the workload with an offshore team or team member. This will help increase employee satisfaction within your business. With your financial analyst team able to focus on what they were hired to do, you can expect to see a positive change in your working atmosphere.
Hiring local staff can prove very costly to an organisation. Hiring an offshore team member that can assist your local team with routine financial analyst tasks for a fraction of the price will help you control costs in your organisation, saving up to 70% when compared to hiring locally.
Hiring full time offshore financial analyst can help increase profits and supercharge your business growth. By adding extra capability through an offshore team, your local employees will have additional capacity to take on more work and grow your business sustainably.
Sending daily, time consuming, repeatable systems administrator tasks offshore will allow your local team to take on more work. By sharing the workload between your onshore and offshore team, you will notice a drastic increase in efficiency and productivity within your organisation.
Outsourcing your financial analyst to the Philippines can represent significant cost savings of up to 70%. At Beepo, we offer a simple monthly fee to help you reduce your overheads and focus on growing your business. This monthly fee covers everything: including infrastructure, security, recruitment and training, management and staff benefits.
For more detailed information on costs, please arrange a business consultation so we can tailor a solution to your business needs.
Beepo is an outsourcing company based in Australia that offers businesses a distinct competitive edge with offshore staffing solutions. We take the time to understand the hardships our clients face when it comes to recruiting hard working, dedicated staff. The Philippines is renowned for its finance talent. This makes us adept at finding and recruiting the best of the best in terms of financial analysts for organisations.
Additional finance roles and services your business can outsource to the Philippines
So, you've decided to send your outsource financial analysing tasks to the Philippines to take advantage of the benefits of outsourcing. Why not consider embracing offshoring solutions for your other finance services as well? Take a look at the below list of roles and services that are well-suited to offshoring: