What does a Fianancial Analyst do?
A financial analyst is someone who is responsible in the interpretation of the financial information (eg. Profit and loss account / income statement, balance sheet, cash flow statement etc.) Financial analyst is responsible also in financial managment. Financial management includes procurement of funds, allocation of funds and fund control. It means to say that as a financial analyst, you work in a company to raise funds for corporate investments and fund requirments. You also work to allocate the financial resources according to priority or according to how you find it appropriate. And as a finacial controller, you make sure that financial resources are spent as per allocation. Moreover, as a financial analyst you forecast finances, analyse financial performance using financial data, provide financial advises to the company and device strategies to better manages/use financial resources in an efficient way while at the same time fulfilling the company’s goals and objectives. If you ar
Simply put, a financial analyst should be well versed and able to decipher the statement of income and statement of condition of a financial institution. Depending on what is the focus of the financial institution (banking, trading, insurance, etc.), many questions may be asked. Bottomline is that you should at least know how that industry makes its money and how the business is conducted. A good starting point will be a good background in the financial markets (trends, conventions, etc). One question would be: if i increased my deposits, how does it affect my balance sheet and how should i handle it to make more money from it? Hope this helps and goodluck on that interview. Break a leg.
