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You are here: The Job Explorer > Job Description > Financial Analyst

Financial Analyst Duties and Responsibilities

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Purpose of Classification:

Performs detailed cost and financial analyses. Develops and interprets detailed cost accounting information and makes recommendations regarding the efficient utilization of resources and the proper accounting for transactions. Exercises discretion and creativity as to work details on assignments of a varied, diverse and difficult nature. Assists in solving complex technical problems in areas where no precedent exists.

Distinguishing Characteristics:

This is first in a series of three classifications. It is distinguished from the Financial Analyst Senior in that incumbents perform tasks under direction. Assumes some responsibility for specialized, complex or large financial analyses assignments where overall impact is great.

Examples of Duties:

  • Performs specific tasks related to rate development, including identifying cost centers and their related expenses, and calculating recovery rates (e.g., recharge, indirect cost); prepares related reports.
  • Provides technical assistance in the design of cost accounting or reporting systems and related forms and documents.
  • Assists with the provision of advisory services to departments with respect to updating billing rates and interpreting cost accounting data; recommends alternative solutions to cost accounting problems.
  • Performs specialized financial or cost analyses (e.g., cash-flow analysis, "what-if" analysis); prepares related reports (e.g., pro-forma financial statements).
  • Assists in reviews of financial and internal controls to determine whether such controls are adequate to meet management objectives and ensure the safeguarding of assets; recommends and implements security and system control procedures.
  • Interviews employees at all levels to analyze policies, work procedures and operational methods.
  • Performs specific tasks related to reviews of management practices and policies; recommends changes to enhance operating efficiencies.

Knowledge, Skills and Abilities:

  • Knowledge of cost and financial accounting principles, practices and procedures.
  • Knowledge of principles and techniques used in conducting management studies, system analyses and financial analyses.
  • Knowledge of internal control systems and procedures.
  • Skill in performing complex numerical calculations.
  • Skill in preparing complex management reports on a timely basis.
  • Skill in the use of personal computers and related financial and statistical software products.
  • Skill in both verbal and written communication.

Minimum Qualifications:

Bachelor's Degree with a major in Accounting, Finance or related area (or a Bachelor's degree with advanced accounting coursework) AND two years of auditing, cost accounting and/or financial analysis experience; OR, Six years' auditing, cost accounting education with financial analysis experience; OR, Any equivalent combination of experience and/or education from which comparable knowledge, skills and abilities have been achieved.


Next: Financial Analyst Principal Job Description



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