What does a finance planning analyst do?

Cost Analysts are employees with a strong background in finance or accounting. They are in charge of collecting financial data and analyzing the entries. They study the company's expenses and prepare pertinent reports. Cost Analysts look for inconsistencies in the financial data. This way, they can assist in auditing the company's spending. Cost Analysts also look for inefficiencies. They do so by tracking item costs and department budgets and monitoring department expenses. They are also involved in budget-setting activities.

These skill sets are where the common ground ends though. The responsibilities of a finance planning analyst are more likely to require skills like "powerpoint," "financial models," "hyperion," and "ad-hoc analysis." On the other hand, a job as a cost analyst requires skills like "cost analysis," "cost estimates," "data analysis," and "dod." As you can see, what employees do in each career varies considerably.

A treasury analyst is an individual 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. They must present monthly reports and daily briefings on cash flows to senior management and provide advice on the financial operations of the movement of cash. Treasury analysts also update treasury policies and procedures for the organization to comply.

While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that finance planning analyst responsibilities requires skills like "powerpoint," "financial performance," "financial data," and "ad-hoc analysis." But a treasury analyst might use other skills in their typical duties, such as, "cash management," "ach," "treasury operations," and "credit card."

Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.

The required skills of the two careers differ considerably. For example, finance planning analysts are more likely to have skills like "powerpoint," "financial performance," "hyperion," and "variance analysis." But a analyst is more likely to have skills like "customer service," "troubleshoot," "data analysis," and "management system."

An equity analyst's role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company's financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company's policies and regulations, including its vision and mission.

Even though a few skill sets overlap between finance planning analysts and equity analysts, there are some differences that are important to note. For one, a finance planning analyst might have more use for skills like "financial analysis," "financial planning analysis," "hyperion," and "variance analysis." Meanwhile, some responsibilities of equity analysts require skills like "equities," "portfolio companies," "fundamental analysis," and "dcf. "