Financial Analyst

What makes a successful Financial Analyst?

The Financial Analyst plays a key role within the finance function by analyzing the data consolidated by accountants. As the key informers of strategy, they work closely with the CFO and Director of Finance to ensure that corporate goals and objectives are supported by accurate financial data and analysis.

Finance functions that rely on legacy systems will face roadblocks when forming an agile strategy, unable to navigate inevitable but unpredictable disruption. As organizations navigate unpredictable markets, strategic analysis of financial data will be crucial for agile and resilient strategy.

Fortunately, PwC found that now more than ever,

43% of finance leaders say establishing finance as a partner across an organization is a top priority going forward.

Financial Analysts will continue to play a crucial role in the processing, optimization, and analysis of data within the modern finance function.

Cloud-based digital tools are required to redefine the focus on financial planning and analysis, and data storytelling, as well as prioritizing a single source of truth when accessing data.

^{Do siloed data, increased workload and inflexible planning tools impact your ability to free up time for analysis and insights?}^{(Please select one)}

How can digital transformation support Financial Analysts?

The utilization of AI tools by the Financial Analyst will be key to ensuring that productivity, and effective storytelling through data, positions the office of the CFO as strategic leaders within the organization. Machine learning capabilities present unique opportunities to think data forward which analysts themselves can verify.

AI is also particularly useful for its data visualization, which allows Financial Analysts to present digestible analysis and strategy to executives in a timely and understandable fashion.

Moreover, the Financial Analyst needs agile operations as well as strategy. When the unpredictable occurs, they need to adapt their strategies quickly and do the necessary financial work to move with market changes rather than be broken by them.

Integrating within the Cloud allows for the seamless retrieval of relevant data without having to manage multiple spreadsheets or version histories.

Read the blog – A day in the life of an FP&A Analyst