What is a Senior Financial Analyst?
How Can I Become One?
If you need clarification and contemplating your career choice, look no further because we have a career guide for you. This learn guide is about making a successful career as a Senior Finance Analyst. The job profile of an analyst is creating buzz all around. And Senior Finance Analyst has a dynamic job profile with humongous potential. Let us guide you through all the basic requirements to make a swoon-worthy professional career.
What is a Senior Finance Analyst?
Well, a Senior Finance Analyst is a professional expert who uses tools like budgeting, forecasting, modeling, and reporting to assure the economically profitable state of a company The job of a Senior Finance Analyst is to identify opportunities to increase e ciency, identify shortcomings, and collaborate with stakeholders to implement profitable changes
Roles and Responsibilities
As a Senior Finance Analyst, you will have multiple responsibilities and a diverse job role. Let’s try and list some of the major roles.
● Coordinating e orts to satisfy company and consumer needs
● Planning and estimating a project or taking strategic initiatives
● Communicating work with clients and informing stakeholders about new developments
● Providing updates via emails, newsletters, and other forms of written communication.
● Coordinating meetings; creating presentations; managing multiple projects; updating project documentation.
● Overseeing stakeholder interactions.
● Supervising team management.
● Working with seniors to manage resources, implementing business solutions and evaluating advantageous decisions.
Prerequisite Requirements
Being a Senior Finance Analyst can be complicated, but everything is achievable with e ort and consistent dedication. Let us explore all the requirements to start a successful career as a Senior Finance Analyst.
EDUCATION
● A Bachelor's degree in Finance, accounting, or economics with an MBA is preferred.
SKILLS
After basic education, you will need some skill sets to thrive in this field. As this is a specialized field, being acquainted with tools is necessary. You can easily acquire these skills with time and patience.
● Financial Modeling
● MS Excel Skills
● Financial Analysis
● Data analysis
CERTIFICATION
Education is a stepping stone, but you must acquire certifications to excel in this field. Certifications are proof of your competence and practical knowledge that substantiates your credibility and makes you more recruitable. The most common certification courses that you can opt for are as follows.
● Certified Management Accountant (CMA)
● Chartered Financial Analyst (CFA)
● Project Management Professional (PMP)
● Chartered Certified Accountant (ACCA)
● Certified in Financial Management (IMA)
WORK EXPERIENCE
As you can see, this is a senior post; hence it is mandatory to have work experience.
● At least 6-7 years of work experience in the relevant finance field.
Job Prospects
Some alternative job roles available for Senior Finance Analysts are:
● Investment analysts.
● Operations analyst.
● Budget analyst.
● Finance supervisor.
● Financial professional.
● Treasury analyst.
● Accounting analyst.
Salary Aspect
As a Senior Financial Analyst, you will have a stable job and considerable remuneration. The average annual salary of a Senior Finance Analyst in India is ₹7.6 Lakhs.
In comparison, the average annual salary of a Senior Finance Analyst in the U K is £57,261 and $91,897 in the U S However, this figure is dynamic depending on the experience level, position, and company