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Financial Analyst

A financial analyst examines financial data and trends to support decisions, building models, reviewing performance and explaining the numbers behind a plan.

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What a financial analyst does

A financial analyst turns financial information into insight that supports decisions. The role covers building models, reviewing performance, preparing forecasts and explaining what the figures mean for the organisation.

Much of the work is analysis and communication: gathering data, testing assumptions, presenting findings and helping leaders weigh options. The focus varies between in-house planning roles and analysis for external investment or advisory work.

Core responsibilities

  • Gathering and validating financial data.
  • Building and maintaining financial models.
  • Reviewing performance against plans and forecasts.
  • Preparing reports and clear summaries for decision-makers.
  • Supporting budgeting, planning and scenario analysis.
  • Highlighting risks, trends and opportunities.
  • Working with finance and business teams on assumptions.

Skills and qualities

  • Strong numeracy and analytical thinking.
  • Advanced spreadsheet and modelling skills.
  • Attention to detail and accuracy.
  • Clear communication of complex figures.
  • Knowledge of finance concepts relevant to the role.
  • Discretion when handling sensitive information.
  • Comfort with finance systems and reporting tools.

Typical employers and settings

  • In-house finance and planning teams.
  • Financial services and investment firms.
  • Consultancies and advisory practices.
  • Corporates with FP&A or analysis functions.
  • Public sector and not-for-profit organisations.

How the role is recruited

  • Roles are advertised directly or filled through finance recruiters.
  • Screening reviews a CV, analytical experience and qualifications, plus right to work.
  • Interviews explore modelling, finance knowledge and communication.
  • Some processes include a modelling or case exercise.
  • Onboarding covers systems, reporting cycles and data sources.

Documents involved

  • A job description outlining the analysis scope.
  • A CV and evidence of qualifications where relevant.
  • An employment contract including confidentiality terms.
  • An offer letter confirming role, level and start date.
  • Right-to-work and identity checks as required.
  • An onboarding checklist for finance systems and access.

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For informational purposes only. This is neutral, educational guidance — not legal, employment-law, immigration, payroll, tax, financial or compliance advice, and not an interpretation of any law. It contains no salary or compensation data, no benchmarks or averages, no fabricated studies, surveys or case studies, and no software, vendor or provider rankings. Requirements vary by jurisdiction, industry and contract and change over time. Confirm all specifics with qualified professionals before acting.
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FAQ

Frequently asked questions

What does a financial analyst do?

They examine financial data and trends to support decisions, building models, reviewing performance and explaining the numbers behind a plan or option.

What skills does a financial analyst need?

Strong numeracy, analytical thinking, advanced modelling skills, attention to detail, clear communication and relevant finance knowledge.

What is the difference between a financial analyst and an accountant?

An accountant focuses on recording and reporting financial information accurately, while a financial analyst focuses on analysing it to support forward-looking decisions. The roles often work closely together.

Do financial analysts need a qualification?

It varies. Some roles expect a relevant degree or professional qualification, while others prioritise analytical and modelling experience; check the specific job description.

How are financial analysts usually hired?

Through direct adverts or finance recruiters, with a CV review and an interview covering modelling and finance knowledge, sometimes a case exercise, then onboarding to systems and reporting.