What Is a Financial Planning Analyst and How to Become One
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What Does a Financial Planning Analyst Do?
A financial planning analyst looks at economic trends, relevant laws, and other factors, and uses the data to create a viable financial model for a client. Usually, you work to help a company decide how best to invest its money. In this position, your job duties include working with the accounting department to keep track of finances. You need strong analytical skills, the ability to sift through a large amount of data, and strong mathematical skills. The educational qualifications vary, but often involve a bachelor’s degree in finance planning or statistics. Prior experience with the stock market as a private broker also helps.
How to Become a Financial Planning Analyst
The qualifications you need to begin your career as a financial planning analyst include a bachelor’s degree in a financial field, such as finance or accounting. You also need at least two or three years of job experience in a business accounting role. Experience working with various types of investments can set your resumé apart. Many of these positions require at least some travel to meet with clients, so reliable transportation, a valid driver’s license, and a clean driving record are a must. Computer proficiency is also a requirement. You need skills with spreadsheets, word processing software, and sophisticated financial analysis software.
Financial Planning Analyst Job Description Sample
With this Financial Planning Analyst job description sample, you can get a good idea of what employers are looking for when hiring for this position. Remember, every employer is different and each will have unique qualifications when they hire for a Financial Planning Analyst role.
Job Summary
We are seeking a Financial Planning Analyst to help our company better invest its financial assets. In this position, you will be responsible for researching and forecasting market trends to determine when and where we should invest. You will also work with the accounting department to analyze our financial statements and develop budget management strategies. Our ideal applicant has at least a bachelor's degree in business administration, finance, or economics and several years of experience as a financial analyst or planner.
Duties and Responsibilities
- Analyze our current financial standing and policies
- Develop budgetary strategies
- Analyze the market and forecast trends
- Write a report of your suggestions for investment
- Analyze the performance of your suggestions and make changes as necessary
Requirements and Qualifications
- Bachelor's degree in business, finance, or economics
- Financial planning experience
- Investment and stock market experience
- Proficiency with financial modeling and financial reporting software
