Financial Analyst Recruitment: Job Description, Selection Criteria, and Recruitment Strategy

Running head: FINANCIAL ANALYST RECRUITMENT
FINANCIAL ANALYST RECRUITMENT
Name of the Student
Name of the University
Author Note

FINANCIAL ANALYST RECRUITMENT1
1. Context
The study focuses on providing a comprehensive recruitment plan for the organization
Nova Consultants. The organization being considered is Nova Consultants. It is a management
consultancy firm that provides advisory services to various organizations that are involved in
different businesses. The strategy of the organizations are important factors for their success, the
organization specializes in helping organizations form effective strategies. The position of the
manager is very important in the organization. He has to take care of the client requirements and
help his team work accordingly to complete the tasks. The position of the financial analyst has a
normal vacancy of 5 to 6. A financial analyst is generally expected to stay for a minimum of 1
year. The likely turnover for this role is around 9 or 10.
2. Job Description
Financial Analyst Required:-
Required skills
 Degree in accountancy and/or finance management
 Effective communication
 Analytical skills
 Essential knowledge of financial IT software
 Ability to make efficient financial reports
 Effective management skills
Job requirements

FINANCIAL ANALYST RECRUITMENT2
 Providing effective financial solutions to the clients
 Understanding client requirement and working accordingly
 Communicating with the client to provide efficient solutions
 Using the IT software to provide effective financial solutions to the clients
 Working with teammates to handle important projects
 Creating financial reports for the clients
 Attending client meetings
3. Selection Criteria
The job of a financial analyst requires the candidate to have some essential skills. The
skills are very important as it ranges between analytical and communicative abilities. There are
certain important selection criteria that become much important in view of the job role. The job
requires a person to have strong financial analysis skills and the ability to understand and
communicate financial trends.
 Ability to communicate clearly and concisely without unnecessary issues
 Ability to analyze most important financial problems
 Degree from a reputable institution
 Ability to effectively apply the financial knowledge to work related problems
 Strong knowledge of various forms of financial analysis
 Knowledge about the organizational processes
 Good knowledge about the role of a financial analyst
 Ability to work effectively within the team
 Ability to effectively meet deadlines

FINANCIAL ANALYST RECRUITMENT3
 Ability to work within tight schedules
 Flexible and efficient teamworker
Vacancy- 6
4. Recruitment strategy and advertising
The recruitment strategy is to attract both fresh graduates and experienced candidates for
the post. The recruiters would then make the decision based on a number of different criteria.
The overall recruitment strategy is to maintain a balanced between promising young fresh
graduates with efficient analytical skills and experienced candidates that have previous idea
about the job roles. For both the experienced and the fresh graduates, the focus is on finding the
kind of communication skills they have. The organizations wants to hire candidates that have
good communication power apart from their analytical skills as much of the work is dependent
on effective communication skills. The recruitment strategy is based much on online recruitment
strategy at the time as most of the applicants and aspiring employees of the company can be
reached online. The organization is focused towards creating a brand as in Nova Consultants, one
of the fastest growing consultancy firms in the country. The company keeps track of the potential
candidates through specially designed applicant tracking or managing systems. The company at
the same time keeps close contacts with the job consultancy firms. There are internship facilities
being provided by the organization to college students or fresh college or university graduates.
College placement programs are also done by the organization. The expected number of
applicants for each of the posts is around 100. This makes the total number of candidates 600.
The advertising would be done online and in newspapers. Online the advertisement would be
done on the most viewed job websites. The rest of the advertisement would be done in