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A financial analyst is who? What is the responsibility

In the modern world there is such a huge number of professions, that sometimes it's even difficult to imagine what the specialist is doing in this or that sphere. And since the most important branch is finance, work with them attracts a large number of university entrants and their graduates. So, the profession of "financial analyst" raises many questions about its nature and tasks.

A young but very promising profession

In the modern labor market, the financial analyst is a specialist new, but very necessary. Of course, many unenlightened people are lost at the mention of this profession and do not know if there are differences between the analyst and the trader. It is worth noting that, given a certain similarity, there are still differences in the content of the activity. From the name itself, it is possible to outline in general terms the main occupations and responsibilities of the financial analyst. It is obvious that he is working in the field of finance and is engaged in their analysis. When working with finance, you need a certain clarity and attention. The analysis of the situation must be qualitative. But finance is a very extensive area with many subsections, so it is not surprising that a particular section requires the services of a particular specialist. Thus, a financial analyst can work with the securities market, monitor the performance of a financial company or a certain sector of the economy. It is also possible that the analyst works with the entire economy as a whole. Thus, the work of each specialist is evaluated according to the individual system and is determined by the specifics of the enterprise where he works. Today, the main areas of work are the stock, currency and commodity markets.

The wolf feeds the legs. But finance will not be superfluous ...

In general, analysis is a complex process that can not be carried out in one stage. It is best to divide it into parts. The first step is to collect all relevant information, monitor the market. Next, you will have to systematize all the data and identify the main trends. The information obtained allows to make a general picture of the events and to identify important changes. A detailed and qualitative analysis of the situation on the financial market is able to predict the further course of events with the issuance of recommendations on behavior and further strategies in the market. Therefore, we can summarize and say that the goal of the financial analyst's work is to make a forecast, as well as issue recommendations. If the financial analyst performs his duties clearly, then, following the algorithm of actions prescribed by him, one can expect profit.

An important gear in the global machine

Every specialist in the company, young and developing, as well as stable and growing, should take its place justifiably. A financial analyst is the engine of a company. His duties include monitoring the situation in the financial markets, analyzing the work of the company and competitors, regular consulting on financial issues, and compiling daily analytical reviews and reports. A financial analyst is the person who foreshadows the "weather" on the market and gives his predictions as to where the wind is blowing and how to hedge in case of "rain". Also, an analyst can develop an investment portfolio for his clients with economic recommendations for bidding, in addition, to create information materials for publication in the media.

What is analytics and how to deal with it?

From the side it may seem that there is no particular difficulty in this work, but how superficial this point of view is! The financial analyst of his duty must perform "perfectly", otherwise he does not bring benefit to his company and can not take his place. Progress in the work demonstrates the dividends received from its recommendations and forecasts. The work of a financial analyst is primarily related to certain financial risks that can be avoided if one has the appropriate skills and knowledge.

What should an expert in the financial industry know?

A financial analyst should be distinguished by extensive knowledge of the economy and an interest in deepening his knowledge and regular training. Also, the specialist must constantly analyze the existing changes in the stock and financial markets, having the skills of drawing up appropriate financial statements. In addition, it would be superfluous to be able to consider the economic activities of a particular enterprise and market in general. Each enterprise has its own list of minimum requirements that a financial analyst must meet. The minimum program involves higher education in the specialty, at least one year of work experience, as well as knowledge of the basic tools of financial analysis and the knowledge of the PC at the level of an experienced user. Since the analyst's main value lies in the accuracy of forecasts, an important part will be the availability of an analytical mind and a certain financial insight.

Document fixing tasks, functions and duties of a specialist

At each enterprise there is an official instruction of the financial analyst, which the hired specialist must adhere to. So, according to this document, the analyst belongs to the category of specialists who are appointed and dismissed from the position by the order of the general director of the enterprise. In the order, a potential deputy should be noted in case of absence of a financial analyst. The analyst should know the legislative and regulatory legal acts that regulate the production and economic, financial and economic activities, tax, civil, banking and administrative legislation, as well as laws on advertising, accounting and the securities market. In his work he is guided by the law of the Russian Federation and the company's charter, as well as orders of management and job description.

Process of work of the financial analyst

Functional duties of the analyst are based on the analysis of the organization's activities, its economic side and the work of competitors. On the basis of the final forecast of financial analysts, the expediency of concluding contracts, the adequacy of financial reports and the available indicators depend. Their forecast allows you to assess the level of financial risk, give timely advice on the timing of investment and purchase and sale transactions. In their work, financial analysts use statistical methods of valuation, search for and systematize necessary information and solve operational issues of production activities with third-party institutions and organizations.

What is the responsibility of a finance specialist?

In his competence - the implementation of a qualitative analysis of available information in compliance with existing instructions, orders and orders. If in the process of work the financial analyst of the problem and his solutions presupposes in the field of administrative, criminal and civil legislation of the Russian Federation, then an appropriate level of responsibility is possible. The infliction of material damage by a financial analyst is punishable within the limits determined by the labor and civil legislation of the Russian Federation.

The profession of dreams, or What is so attractive about working with finances

A financial analyst is a professional expert with economic education and specialization in a certain sector of the market. As a professional, he must be attentive, responsible, competent in the matter under consideration, have a high reaction speed and analytical thinking. The analyst's duties include research of companies that issue shares with the preparation of recommendations for all operations with securities. His work is not endless seminars with reading newspapers and writing reports. If you are thinking about how to become a financial analyst, it is better to be aware of the state of affairs in advance. Probably, in the first years will have to work in the database in Excel, reduce the data and systematize them for different periods. I will have to travel on business trips and perform routine tasks. In practice, you can see that a lot of young professionals do not stand monotony and monotony of tasks, so they move on to another job.

What is work?

The popularity of this profession is determined by the proximity to the financial sphere and the high social status of the financial analyst when working in a solid company. Ability to work with large data sets, scrupulousness and accuracy allow you to work as efficiently and quickly as possible to win respect in the team. With the proper level of knowledge and experience, the financial analyst becomes the most prominent figure in the company, as he turns into an oracle, each word of which entails an immediate reaction of others and, at a successful coincidence, suggests an increase in the specialist's rating.

What are the prospects for a specialist in the work?

A specialist without experience, but with a prestigious diploma and additional courses in accounting can claim at the initial stage of his career at a salary of 800 dollars. With work experience up to three years, the payment increases to $ 1,000. More serious experience and additional education adds to the salary of another $ 500. Analysts of the extra-class receive about two thousand. E. Thus, the received higher education is not the last step for the growth of the financial analyst. The bonus will be obtained profile education, master's program and MBA program. The price of a specialist in Russia significantly increases the education received abroad, or the internship there passed. But the experience gained in other countries may not be sufficient if you want to work in Russia. Therefore, before starting your career, it is better to pass an internship at the enterprise. In addition, for any specialist in this field of activity, an eloquent condition for career growth will be the presence of eloquence. The implementation of financial investments for most people is a very serious step, implying parting with a significant part of their own savings, so not everyone is able to convince a potential investor. And it is from the analyst that the rating of trust to the company depends entirely and completely. A client who is convinced of the capabilities and power of this specialist will necessarily return to it again, that is why many enterprises hold seminars and master classes where financial advisors share their knowledge and demonstrate opportunities in practice.

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