Financial Analyst

Financial Analysts analyse financial data. They look at indicators of the companies' performance and highlight variances or abnormalities.

Financial Analyst Job Description

Monitor investments through the analysis of information from various sources including company financial statements, industry reports, and market trends.

Make forecasts and recommendations to various stakeholders, including the management team and clients.

Prepare market research reports presenting key financial data and performance metrics in an easy-to-understand format.

Liaise with different parties, such as banks on investment-related activities, ensuring smooth relationships with external partners, and contributing to the overall success of investment activities.

Note

Financial Analysts look into a wide range of activities. They include budgeting, forecasting, investing, valuation, and mergers and acquisitions!

What you should know about Financial Analyst jobs in Singapore

Nature of Work

Financial Analysts specialise in valuing companies, predicting trends, and assessing creditworthiness, demanding strong numerical and data skills.

Key Advice

As a Financial Analyst, you need to have a strong grasp of accounting jargon to communicate effectively with your clients and colleagues.

Skills you need to pursue a Financial Analyst career in Singapore

Hard Skills

Understanding of Quantitative Finance and Accounting

Applying Mathematics and Statistics to Finance and Risk Management issues.

Knowledge of Global and Local Market Trends

Knowledge of global Economics and local markets affecting financial choices.

Data Analytics software

Proficient in Excel, SQL, Python, analysing financial data, and visualising trends in large datasets.

Soft Skills

Innovative Problem-Solving

Creativity and strategy are vital for solving financial issues and optimising growth and stability.

Adaptability

Adapting to ever-changing financial landscapes and flexibly adjusting strategies when required is essential.

Analytical Skills

Proficiency in analysing financial data and drawing logical conclusions to inform sound business decisions.

Frequently asked questions (FAQs)

What is the difference between Financial Analysts and Investment Bankers?

Financial Analysts may commit to one financial institution to do their market research, accounting, and financial analysis. Investment Bankers typically work for a financial company, specialising in raising funds for other firms.
What are the specialisations of Financial Analysts, and is it possible to change the specialisation further on in their career?

There is a whole variety of specialisations available for Financial Analysts that allow them to work both in the private and public sectors. Keep in mind that changing specialisations mid-career may be hard. But fret not, the knowledge and skills will definitely be applicable in any of the specialisations.
Is a Chartered Financial Analyst (CFA) certification beneficial for Financial Analysts?

Although a CFA certification requires a lot of commitment, it is beneficial for Financial Analysts to obtain one in the long run!
Can Financial Analysts work independently or is it a team-based role?

Financial Analysts often work closely with other analysts, departments, and stakeholders. However, this can depend on the organisation and Financial Analysts may work independently.
What are some key challenges faced by Financial Analysts?

Financial Analysts need continuous learning and professional development for this role. Financial markets and regulations are constantly evolving, so analysts need to engage in continuous learning and professional development.