What Is a Virtual Financial Analyst and How to Become One
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What Does a Virtual Financial Analyst Do?
As a virtual financial analyst, you monitor, analyze, study, and collect data to better recommend appropriate financial actions to a client or your employer. Your responsibilities as a remote, online financial analyst include using the internet to advise clients about investments, conducting benchmarking, developing financial models, creating a forecast or plan with the information you obtain, identifying financial status when you evaluate the data, and guiding cost analysis. Your other duties include identifying trends, monitoring variances, consolidating financial data, tracking financial status, and correcting and comparing data to reconcile transactions.
How to Become a Virtual Financial Analyst
The minimum qualifications to become a financial analyst include least a bachelor’s degree in economics, finance, or a relevant discipline. Employers may prefer applicants who have strong knowledge of current financial subjects and trends, tax laws, business environments, accounting, and the money market. Experience with statistical packages and statistical analysis can be beneficial when you are applying for open positions. Strong reporting, communication, and presentation skills are helpful. You should also be proficient with databases, financial software applications, spreadsheets, and Microsoft Office. It is essential to obtain your license from the Financial Industry Regulatory Authority. You typically need an employer sponsorship to apply for your license.
