How to hire a finance analyst

How to hire a finance analyst, step by step

Here's a step-by-step finance analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a finance analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new finance analyst
• Step 8: Go through the hiring process checklist

What does a finance analyst do?

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1. Identify your hiring needs

   Before you start hiring a finance analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A finance analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, finance analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   The following list breaks down different types of finance analysts and their corresponding salaries.

   Type of Finance Analyst	Description	Hourly rate
   Finance Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$22-50
   Treasury Analyst	A treasury analyst is a professional who manages and analyses the financial activities of an organization that can include cash flows, liability obligations, and assets. Treasury analysts are required to execute the daily cash management of the organization such as cash forecasting, investing of excess cash, and running a hedging program in interest rates... Show more	$25-48
   Cost Analyst	Cost Analysts are employees with a strong background in finance or accounting. They are in charge of collecting financial data and analyzing the entries... Show more	$18-35

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Financial Analysis
   • Financial Models
   • Financial Data
   • Strong Analytical
   • Variance Analysis
   • Hyperion
   • Customer Service
   • Financial Performance
   • Ad-Hoc Analysis
   • Data Analysis
   • Pivot Tables
   • Reconciliations
   • Power Bi
   • Work Ethic

   Check all skills

   Responsibilities:

   • Manage company asset accounts, wire funds to clients and record and structure amounts into QuickBooks.
   • Manage the UAT team involve in the testing of an enterprise accounting and project management software.
   • Manage customer portfolio to department KPI's, target balance, aging metrics, cash recovery and write-off tolerance.
   • Manage contract database and SalesForce for historical research and financial reporting purposes.
   • Manage and maintain information in worldwide-military database which include exemptions, transfers, retirements, and payroll records.
   • Accomplish project accounting functions including project costing, time reporting, project accruals and proper capitalization of development costs.

   More finance analyst duties

3. Make a budget

   Including a salary range in your finance analyst job description helps attract top candidates to the position. A finance analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a finance analyst in Nebraska may be lower than in Connecticut, and an entry-level finance analyst usually earns less than a senior-level finance analyst. Additionally, a finance analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average finance analyst salary

   $69,887yearly

   $33.60 hourly rate

   ---

   Entry-level finance analyst salary

   $46,000 yearly salary

   Updated January 11, 2026

   Average finance analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$84,858	$41
   2	Connecticut	$83,967	$40
   3	New York	$82,779	$40
   4	Washington	$76,223	$37
   5	New Jersey	$74,872	$36
   6	Massachusetts	$73,128	$35
   7	Pennsylvania	$70,571	$34
   8	District of Columbia	$70,206	$34
   9	Virginia	$69,374	$33
   10	Nevada	$67,192	$32
   11	Maryland	$67,061	$32
   12	Illinois	$64,159	$31
   13	Michigan	$62,684	$30
   14	Minnesota	$61,008	$29
   15	Arizona	$60,929	$29
   16	North Carolina	$60,926	$29
   17	Ohio	$60,917	$29
   18	Missouri	$60,386	$29
   19	Texas	$59,042	$28
   20	Indiana	$57,636	$28

   Average finance analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	The Citadel	$149,760	$72.00	3
   2	Pacific Investment Management Company LLC	$136,409	$65.58	28
   3	D. E. Shaw group	$132,751	$63.82
   4	Neuberger Berman	$132,461	$63.68	18
   5	NVIDIA	$131,676	$63.31	20
   6	Google	$130,404	$62.69	52
   7	Meta	$129,130	$62.08	24
   8	Jane Street	$128,842	$61.94	13
   9	Databricks	$128,451	$61.76	20
   10	Warburg Pincus	$128,369	$61.72	1
   11	Bridgewater Associates	$128,220	$61.64	2
   12	Pillsbury Winthrop Shaw Pittman	$127,232	$61.17	1
   13	Western Digital	$127,177	$61.14	9
   14	Madison Dearborn Partners	$125,926	$60.54
   15	Oak Hill Advisors	$125,201	$60.19
   16	BNY Mellon	$124,277	$59.75	21
   17	Centerbridge Partners	$124,160	$59.69
   18	Ernst & Young	$123,113	$59.19	1,007
   19	Mayo Clinic	$122,522	$58.90	14
   20	AEA Investors	$122,326	$58.81

4. Writing a finance analyst job description

   A finance analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a finance analyst job description:

   Finance analyst job description example

   **This is a full time Financial Analyst position working days at Northwest Medical Center.**
   
   Compiles and analyzes financial information for an organization. Develops integrated revenue/expense analyses, projections, reports, and presentations. Creates and analyzes monthly, quarterly, and annual reports and ensures financial information has been recorded accurately. Identifies trends and developments in competitive environments and presents findings to senior management. Performs financial forecasting and reconciliation of internal accounts. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. Typically reports to a supervisor or manager. Bachelor's degree and 1-3 years of experience in the field or in a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field.
   
   _Northwest Medical Center is comprised of a 300-bed hospital, three urgent care facilities, a freestanding emergency center and a large physician group, offering you a variety of settings in which to work. Every location is dedicated to providing safe, quality patient care, but more than that is the commitment to employees. It strives to provide a culture of teamwork, respect and appreciation for all staff, whether they care for patients directly or work in a support role. With employee appreciation celebrations throughout the year, opportunities for growth and the satisfaction that you are part of a hospital leading the way with accessible, convenient healthcare in Tucson, Northwest is a great place to work. NMC is accredited by The Joint Commission and is an equal opportunity employer: race, gender, disability and Veteran status, and VEVRAA Federal Contractor - priority referral Protected Veterans requested._
   **Qualifications**
   
   **Education**
   
   **Preferred**
   
   + Bachelors or better
   
   **Experience**
   
   **Preferred**
   
   + 2 years: Experience in hospital or payer financial analysis
   
   Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
   
   The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

   Copy this example

   

5. Post your job

   To find the right finance analyst for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with finance analysts they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit finance analysts who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

   • Post your finance analyst job on Zippia to find and attract quality finance analyst candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit finance analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new finance analyst

   Once you've found the finance analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new finance analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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