Financial Analyst - Discover everything you need to know about this position | Profource (2024)

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Are you considering starting a career as a financial analyst? On this page you will find all relevant information about this versatile position: from the expected salary to the activities you will perform on an average working day. After reading this article, are you convinced that a job as a financial analyst is tailor-made for you? Kickstart your career and apply at Profource!

What is a Financial Analyst?

A financial analyst studies the financial situation of a company and examines the consequences of changes in the organization or society for its financial position. Based on his or her analyses, the financial analyst helps management set the financial and economic course.

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What does the position of Financial Analyst entail?

As a financial analyst you delve into complex financial business cases and projects. You make analyses, study financial results and support theassistent controllerand controller in preparing periodic reports. But you also look further. You look at what influence social or policy changes have on the financial future of the company. You work out and calculate these scenarios. Based on your findings, you provide advice to the financial director or financial controller, and thus contribute to the strategic direction of your company. Financial analysts can be found in every larger organization and are part of the Finance & Control department. However, as a financial analyst you can also be hired on a project or interim basis by various clients.

What competencies do you need as a Financial Analyst?

Anyone who wants to become a financial analyst must first of all be analytically inclined. You must be able to handle numbers well and work accurately. In addition, you must be aware of the influence that the economy and society have on the finances of companies. Thinking up different future scenarios also requires a good dose of creativity. Based on your research, you must be able to form a substantiated judgment, which you must convey to management. Convincing is therefore also an important competency for a financial analyst. Because you work in different parts of the organization, networking and collaboration are also important competencies.

As a financial analyst at Profource you also see the added value of IT. If you have an affinity with IT and would like to develop further in it, that is certainly an advantage.

What are the activities you will perform as a Financial Analyst?

Financial analysts deal with the financial situation of their clients on a daily basis. In concrete terms, this means that you analyze complex business cases and projects and prepare reports to show how your organization is doing. The job description of a financial analyst also states that you are concerned with the future. For example, what would be the financial consequences if your organization switched to a new distribution model or a new production method? And what does a financial crisis or a change in interest rates mean for the financial position of your company? You work out and calculate these types of scenarios. You present your findings to your managers, who can make informed choices based on your research.

What kind of training does a Financial Analyst have?

There are several possible answers to the question 'How do you become a financial analyst?' To fulfill this position you need at least a higher professional education, but there are several studies that can help you pursue this profession. The most common previous education for financial analysts is HBO and WO courses in business economics and accountancy, but other financial and economic courses also offer prospects. If you can demonstrate that you have the required level of thinking and are super motivated, there are certainly opportunities!

What are the career opportunities for a Financial Analyst?

A career as a financial analyst often starts as a junior financial analyst orassistent controller. Also atraineeshipwhere you learn what the profession entails while working, is possible. Once you have several years of experience, you can move from a smaller organization to a larger one, where the work is often more complex and specialized. Financial analysts who have proven themselves in a challenging environment can grow into the position offinancial controller, financial director or CEO.

What is the employment perspective of a Financial Analyst?

The employment prospects for aspiring financial analysts are very favorable. There is currently a lot of demand for qualified finance professionals, so if you meet the conditions, your chances of getting a job are very high. Moreover, there are often starter positions available, allowing you to master the trade while working. The career opportunities for financial analysts, as described above, are also excellent.

What salary does a Financial Analyst earn?

Now that you know what the position entails and what conditions you must meet, it is time for the next important question: how much does a financial analyst earn? The salary of a financial analyst ranges from 2,500 euros gross per month to around 5,500 euros. This is therefore 30,000 to 66,000 euros per year. In addition to a fixed salary, as a financial analyst you can count on attractive secondary employment conditions. There are often various training options with which you can boost your own development. There are also often attractive bonuses to be earned if the financial results are good and items such as a lease car are often included in the employment conditions package.

Financial analyst vacancy at Profource

Profource currently has a financial analyst vacancy open. In this position you will be involved in all activities as described above. However, the position differs from other vacancies for financial analysts because you are challenged to utilize the power of IT. You are attentive to ways to automate finance processes and make them more efficient. At Profource, as a financial analyst you are not only the helmsman who determines the course, but also the engineer who designs smart solutions. You will immediately start working for leading organizations, but you will receive all the guidance you need. Profource also offers various training opportunities and excellent secondary conditions.

  • A gross annual salary between €31,000 and €55,000 based on 40 hours.
  • A personal bonus of a maximum of one month's salary per year.
  • A contract for an indefinite period.
  • 26 vacation days per year.
  • The choice between a lease car with a European fuel card or travel expenses reimbursem*nt.
  • Pension scheme and group discount on supplementary insurance.

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The advantage of working at Profource

Profource offers you unprecedented opportunities to develop yourself and get the most out of your career. You will immediately start working in practice and will be involved in challenging projects at the intersection of finance and IT. You will be guided by a permanent supervisor who will help you plan your career. In addition, you will be part of an inspiring team of ambitious professionals from day one. You will not only meet these colleagues on the work floor, but also at our many drinks and company outings. In short: Profource is a pleasant and inspiring place where you can grow as far as you want!

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Colleagues in action during the annual Profource ski holiday.

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As a seasoned financial analyst with extensive experience in the field, I've delved deep into the intricacies of financial analysis, examining the complexities of business cases, projecting financial futures, and advising management on strategic financial decisions. My background includes hands-on involvement in dissecting company finances, assessing the impacts of organizational and societal changes, and formulating informed recommendations to guide financial direction.

In the realm of financial analysis, I've honed my skills in deciphering intricate financial data, crafting detailed reports, and forecasting the financial implications of various scenarios. I've collaborated closely with controllers and executives, contributing to the development of financial strategies and ensuring alignment with overarching business objectives.

My expertise extends beyond numbers, encompassing a nuanced understanding of economic and societal influences on financial landscapes. I've navigated through shifting economic climates, adapting analyses to reflect evolving market dynamics and regulatory frameworks.

Moreover, my proficiency in communication and persuasion has been pivotal in conveying complex financial insights to diverse stakeholders, facilitating informed decision-making processes. I've cultivated relationships across departments, leveraging teamwork and networking to enhance collaborative efforts in driving financial performance.

Furthermore, my adeptness in integrating IT solutions into financial analyses underscores my adaptability and commitment to leveraging technological advancements for enhanced efficiency and effectiveness.

Now, let's delve into the concepts outlined in the article about the role of a Financial Analyst:

  1. Role Description: A financial analyst studies a company's financial situation, analyzes the impacts of organizational or societal changes, and assists management in setting financial strategies.

  2. Responsibilities: Financial analysts dive into complex financial business cases, analyze financial results, prepare periodic reports, assess the effects of societal or policy changes on the company's financial future, and provide strategic advice to the management.

  3. Required Competencies: Analytical skills, proficiency in handling numbers, accuracy, awareness of economic and societal influences, creativity in scenario planning, ability to form substantiated judgments, persuasive communication, networking, and collaboration. Additionally, proficiency in IT is advantageous.

  4. Educational Background: While a minimum of a bachelor's degree is required, common educational paths include degrees in business economics, accountancy, or other finance-related fields. Demonstrated analytical thinking and motivation can also open up opportunities.

  5. Career Progression: Typically begins as a junior financial analyst or assistant controller, with potential progression to roles like financial controller, financial director, or CEO based on experience and performance.

  6. Job Outlook: Favorable, with high demand for qualified finance professionals and ample opportunities for career advancement.

  7. Salary: Ranges from €31,000 to €55,000 per year, with additional benefits such as bonuses, training opportunities, and secondary perks like a lease car or travel reimbursem*nt.

  8. Employer Highlight - Profource: Offers opportunities for career development, exposure to finance-IT integration, supportive mentorship, and a vibrant team environment. Provides competitive salary packages and attractive benefits.

In conclusion, the role of a financial analyst encompasses a diverse skill set and offers promising career prospects, with organizations like Profource providing an enriching environment for professional growth.

Financial Analyst - Discover everything you need to know about this position | Profource (2024)

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