As a financial reporting analyst, you will work in collaboration with other finance and accounting professionals within your organization and prepare documents and reports related to your company’s financial status. You will create documents — financial statements, reports, balance sheets and more — which can be used by company management to make strategic business decisions. As a financial expert, you may also take on a consulting role for specific departments or individuals within the organization. Job prospects in this area look good for the foreseeable future.
Average salaries for financial reporting analysts vary significantly depending on a number of factors, including where you’re located, the company you work for, the scope of your responsibilities and more. With that in mind, average salaries for financial reporting analysts range from $53,000 to $74,000 annually. Bonuses and employee benefits may also be included as part of your compensation package.
As a financial reporting analyst, you will work normal office hours, although overtime hours may be required in order to meet important deadlines. In most instances, you will report to a finance or accounting manager or department head.
Your day-to-day tasks as a financial reporting analyst involve creating, managing and monitoring your organization’s financial situation — and working collectively with others within the organization to help achieve business goals. Some of the daily tasks you can expect as part of your role as a financial reporting analyst include:
Additional responsibilities may also be part of your role, depending on how it is defined by your employer.
Financial reporting analysts can work for medium- to large-sized companies across a variety of industries, so you should find abundant opportunities from coast to coast. That said, California, Texas and New York are the three states with the highest levels of demand for financial reporting analysts at the moment.
Since your role as a financial reporting analyst requires a high degree of finance knowledge, skills in this area are a large part of what is required for the role. Skills you will be expected to have include:
Other skills may be required as well.
To work as a financial reporting analyst, you will usually be required to have an undergraduate degree in accounting, finance, statistics, mathematics or a related field. Having a graduate degree in business administration, finance or accounting — or a CPA or CMA designation — is also widely considered an asset and can open doors to future career opportunities. Additional certification or training may be provided by your employer.
Many financial reporting analysts have backgrounds in accounting and finance, paving the way to exciting future career possibilities. Some financial reporting analysts move on to similar roles as accounting analysts, financial analysts, corporate controllers and more, while others go on to work as consultants.
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