FYS011 - Financial Analyst Role: Skills, Interests, and Aspirations

This report describes the role of a financial analyst, detailing the responsibilities and required skills, and assesses the author's suitability for the role. It outlines reasons for pursuing this career path, including growth opportunities, global prospects, high authority, and job security. The author evaluates their existing skills in accounting, communication, and interpersonal relations, while acknowledging areas for development such as MS Excel, accounting software, and financial modeling. The report also highlights a strong personal interest in accounting and business, supported by relevant knowledge and dedication. It concludes by reiterating the alignment between the author's aspirations and the demands of a financial analyst position. Desklib provides access to similar reports and study tools for students.

Aspiring to Succeed -
FYS011

Table of Contents
INTRODUCTION......................................................................................................................3
1. Job role description.........................................................................................................3
2. Reasons for selecting role of Financial Analyst..............................................................3
3. Skills currently match or not with the job role................................................................4
4. Personal interest match or not with the job role..............................................................5
CONCLUSION..........................................................................................................................5
REFERENCES...........................................................................................................................6

INTRODUCTION
As I am pursing Accounting and Finance BSc (Hons) from the University of
Bedfordshire Business School. So I want to apply for Financial Analyst. This report will
include the description of the job role (University of Bedfordshire, 2022). It will include the
reasons I would like to apply for this role in the company and the skills which I already have
and the skills on which I would work to achieve this job. Lastly, it would include the my
personal interest which match to the job role.
1. Job role description
The job role that I would like to prefer is of Financial Analyst. In this role the
responsibility of the person is to analyse the financial statements and according making
the future projections of the company. This include financial modelling in which the
revenue and expenditure are forecasted. Analysing the financial statement helps to find
the market trends. Through this the comparison between the actual and the forecasted can
be made to find the variances between them (Georgiou, Mantzari and Mundy, 2021).
Accordingly, the decision is made by the management to improve it in long run. Apart
from this the Financial Analyst include role of investment banker, commercial banking,
private equity and management of portfolio.
2. Reasons for selecting role of Financial Analyst
 Growth opportunities- As finance has many opportunities for growth. In finance
there are many fields to switch in future. As working in role of financial analyst
would open more job offers. As large organisations have more value of this role. It
has wider scope and growth opportunities. Inspite of professional growth their will
be personal growth as well. As the core operation of the business is to manage its
finances properly so the scope of this field is very high.

 Worldwide opportunities- As in whole world finance plays a major role for all
companies. This role as opportunities globally as every company require best
finance professional so that it can grow (He and et.al., 2019). As with this only the
company is able to make good decisions for the business and can manage its
finances very well.
 High authority- As the role is to manage finance of the whole company. So,
financial analyst have the authority to make decisions regarding the management
of finance. They have the opportunity to analyse the data and make report based
on that. They are given respect has they have highest authority.
 Job security- As this role has a job security. As this required highly skilled
professional knowledge to access and make decision on company’s crucial
information. So, to find new employee is difficult for the company. Even it has
flexible working hours. And the large companies need the financial analyst. As if
anyone have this experience then it is easy to get other job offers from the
companies.
3. Skills currently match or not with the job role
To become a financial analyst many skills are required in regards with
business and finance. It requires accounting skills as it is necessary for the financial
analyst to know the accounting principles and understand the GAAP which are to be
followed by the companies (Cardoso, de Oliveira Leite and de Aquino, 2018). As on
the basis of this it should check whether all the principles are followed or not.
Knowledge of financial modelling is also necessary as it helps the management to
make decisions quickly. Secondly, the knowledge of the accounting software required
or which is used by the company. As the software has many updates so it is necessary
to have knowledge how to use it. Apart from all this Ms Excel skills are very
necessary as without it the projections cannot be prepared. As it makes the
information more reliable and relevant to work with. In the field of finance marketing
is also given importance so due to this I have good communication skills. As they
help to communicate with the clients as well as the team members of the company.
From all this skills which are required I have gained the skills of accounting as
well as the communication and interpersonal skills from the college studies. But the
skills which I have to work upon are knowledge of MS Excel, software related and

financial modelling (Chambers, Dimson and Kaffe, 2020). As they are very useful
and mandatory to work for this role in any industry.
4. Personal interest match or not with the job role
As pursing the accounting course I like working with numbers. As it is my
core area of studies in the college and my personal interest is in accounts and
business. My grip on all the accounting principles and policies are great. I can give
more time to this job role. I am very much dedicated and passionate about this job
role. I am looking forward for this position from my schools. I have given attended
seminars on financial analyst as I want to make my career in this field.
I have good knowledge of financial modelling as well and currently invest in
the market based on the financials of the company. I have the leadership qualities
which help the financial analyst to make decision and analyse the variances to grow
the company. I have a good knowledge of MS Excel and different tools to make
dashboards so that the information can be presented in more attractive manner
(Derouiche, Muessig and Weber, 2020). Because of that it is easy to make decision of
the company.
CONCLUSION
This report include the description of financial analyst job role. Means what is the
work of the financial analyst in the company and its requirement in near future. It conclude
the reasons for which I want to apply as from this job their will be a job security and growth
in my skills and knowledge. As currently I have some skills which are required for this
position and few skills I will develop from other courses. As my personal interest is also in
the field of accounting and business.

REFERENCES
Books and Journals
Georgiou, O., Mantzari, E. and Mundy, J., 2021. Problematising the decision-usefulness of
fair values: empirical evidence from UK financial analysts. Accounting and Business
Research. 51(4). pp.307-346.
He, X. and et.al., 2019. Facial structure and achievement drive: Evidence from financial
analysts. Journal of Accounting Research. 57(4). pp.1013-1057.
Cardoso, R.L., de Oliveira Leite, R. and de Aquino, A.C.B., 2018. The effect of cognitive
reflection on the efficacy of impression management: An experimental analysis with
financial analysts. Accounting, Auditing & Accountability Journal.
Chambers, D., Dimson, E. and Kaffe, C., 2020. Seventy-five years of investing for future
generations. Financial Analysts Journal. 76(4). pp.5-21.
Derouiche, I., Muessig, A. and Weber, V., 2020. The effect of risk disclosure on analyst
following. The European Journal of Finance. 26(14). pp.1355-1376.
Online
University of Bedfordshire. 2022 [Online]. Available Through: <
https://www.beds.ac.uk/howtoapply/departments/businessschool/>. [Accessed 21 July
2022]