Junior Financial Analyst job description
A Junior Financial Analyst is an entry-level role in finance, focusing on analyzing financial data, supporting financial planning, and providing insights for decision-making and performance evaluation.
Use this Junior Financial Analyst job description template to advertise open roles for your company. Be sure to modify requirements and duties based on the unique needs of the role you’re hiring for.
What is a Junior Financial Analyst?
A Junior Financial Analyst is a professional at the entry level in the finance department, usually within a corporate setting. Their primary role involves analyzing financial data, supporting budgeting and forecasting processes, and providing actionable insights from financial reports.
They play a key role in helping organizations make informed business decisions, understand their financial health, and plan future financial strategies. They work with various financial models and tools to evaluate the company’s financial performance and trends over time.
What does a Junior Financial Analyst do?
A Junior Financial Analyst gathers, interprets, and analyzes financial and operational data.
They monitor key performance indicators, support in the preparation of monthly and quarterly reports, and contribute to financial forecasting and budgeting processes. They also engage in variance analysis to compare actual financial performance against planned figures, identifying discrepancies and suggesting improvements.
Their role is crucial in consolidating financial data for management review, ensuring accuracy and clarity in financial reporting, and assisting senior management in strategic decision-making. They often collaborate with different departments to ensure a comprehensive understanding of the financial implications of various corporate activities.
Responsibilities of a Junior Financial Analyst include:
- Monitoring financial performance and identifying trends.
- Supporting the monthly and quarterly reporting process for management.
- Providing ad-hoc analysis for senior management decisions.
- Assisting with financial planning and forecasting.
Job brief
As a Junior Financial Analyst you will play a crucial role in supporting our financial analysis and reporting needs. You will monitor key financial metrics, contribute to business metric reporting, and provide insightful analyses to assist in decision-making for senior management.
Your work will involve consolidating and analyzing financial data, assisting with financial planning, and ensuring clarity and accuracy in financial reporting. You’ll need a Bachelor’s degree in finance or a related field, strong analytical skills, proficiency in Excel/Sheets and PowerPoint, and a curiosity for data analysis.
This role is ideal for a driven, detail-oriented individual eager to collaborate and grow in a dynamic team environment.
Responsibilities
- Monitoring financial performance and identifying trends.
- Supporting monthly and quarterly business metric reporting.
- Conducting ad-hoc analysis for senior management.
- Consolidating and analyzing financial data.
- Assisting with financial planning and forecasting.
- Maintaining a corporate repository of metric definitions.
Requirements and skills
- Bachelor’s degree in finance, data analysis, economics, math, or engineering.
- Intermediate to advanced skills in MS Excel/Google Sheets and PowerPoint.
- Interest in reporting and data analysis tools (Tableau and SQL are a plus).
- Strong business analytical abilities and attention to detail.
- Excellent oral and written communication skills.
- Teamwork and collaborative skills.
Frequently asked questions
- What does a Junior Financial Analyst do?
- A Junior Financial Analyst analyzes financial data, prepares reports, and assists in budgeting and forecasting. They identify financial trends, conduct variance analyses, and provide insights for decision-making, contributing to the company's financial strategy and performance optimization.
- What are the duties and responsibilities of a Junior Financial Analyst?
- Duties include monitoring financial performance, supporting financial reporting processes, aiding in budgeting and forecasting, analyzing financial data for trends and variances, and providing actionable insights for strategic decisions. They also ensure accuracy in financial data and collaborate with various departments for comprehensive analysis.
- What makes a good Junior Financial Analyst?
- A good Junior Financial Analyst possesses strong analytical skills, attention to detail, and proficiency in financial software. They have excellent communication abilities for conveying complex data and the capacity to work under pressure. Proactive learning and adaptability in financial practices are also key traits.
- Who does a Junior Financial Analyst work with?
- Junior Financial Analysts work with finance team members, including senior analysts and managers. They collaborate with different departments to understand financial impacts and may interact with external parties like auditors. Effective communication and teamwork are crucial for their role.
- How does a Junior Financial Analyst support business decision-making?
- By providing detailed financial analyses and insights, a Junior Financial Analyst aids in informed decision-making. Their work in budgeting, forecasting, and financial reporting helps guide strategic planning, resource allocation, and financial risk management, crucial for the company’s growth and financial health.