Financial Planning Analyst Jobs
A Financial Planning Analyst is a vital position within any organization, tasked with evaluating the financial status of businesses, organizations, and individuals to offer strategic recommendations for future financial actions. This role requires the use of various quantitative techniques to assess financial conditions, forecast potential outcomes, and evaluate assets and holdings.
The analyst is responsible for creating detailed financial reports, maintaining comprehensive financial databases, and developing actionable financial plans. Strong analytical, problem-solving, and critical-thinking skills are essential for supporting strategic decision-making and enhancing business performance.
Collaboration with senior management and other teams is crucial to ensure that financial plans align with overarching strategic goals. Continuous professional development through workshops and courses is necessary to stay proficient in managing complex financial data. Overall, Financial Planning Analyst Jobs are instrumental in guiding organizations toward informed fiscal decisions, risk management, and improved financial performance.
National Yearly Income Range:
$60,000 - $120,000
Why Being a Financial Planning Analyst is Great.
A Financial Planning Analyst is a great job for those who enjoy working with numbers and have a passion for helping organizations achieve their financial goals. This role involves analyzing financial data, creating forecasts, and developing strategic plans that guide decision-making processes. The opportunity to work closely with various departments allows analysts to gain a comprehensive understanding of the business, making their contributions invaluable. Additionally, the demand for skilled financial professionals continues to grow, providing job security and opportunities for advancement.
Financial Planning Analyst Jobs offer a dynamic work environment that encourages continuous learning and development, making it an ideal choice for ambitious individuals looking to make a significant impact in the financial sector.
Financial Planning Analyst Job Duties And Responsibilities
Financial Planning Analysts play a crucial role in assessing the financial state of individuals and organizations, identifying potential investment outcomes, and appraising assets. They secure and manage sensitive financial data while compiling detailed reports that incorporate calculations and client information. By developing extensive financial databases and creating actionable financial plans, they support businesses in making informed decisions regarding debt restructuring, budgeting, and forecasting. Additionally, they collaborate with cross-functional teams to enhance financial processes, ensuring accuracy and efficiency in reporting and analysis.
Why be a Financial Planning Analyst with IES Residential?
Becoming a Financial Planning Analyst with IES Residential offers a unique opportunity to be part of a company that values growth, innovation, and community engagement. With over 50 years of experience and a commitment to excellence, IESR provides a dynamic environment where you can leverage your financial expertise to support strategic initiatives and drive sustainable growth. The company's strong financial health, diverse service portfolio, and dedication to employee development create a supportive atmosphere for professional advancement.
Additionally, IESR's core values, including safety, family, and opportunity, foster a collaborative culture that empowers you to make a meaningful impact while contributing to the legacy of a respected leader in the electrical and home services industry.
Company Benefits
Competitive Wages
401(k) Plan with Contribution Matching
Paid Time Off (PTO)
Company Paid Life Insurance
Medical, Dental, & Vision Coverage
Short Term Disability Plans
Optional Long-Term Disability
Optional Critical Illness, Accident, Legal, & Pet Coverage.
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FAQs
What's a Financial Planning Analyst's job description?
A Financial Planning Analyst plays a vital role in organizations by analyzing financial data to provide strategic recommendations for future actions. They assess current financial situations, identify potential outcomes, and evaluate assets. Key responsibilities include compiling detailed financial reports, maintaining databases, and developing financial action plans. This position requires strong analytical and problem-solving skills to support decision-making and enhance business performance. The analyst collaborates with senior management to align financial strategies with organizational goals, ensuring informed fiscal decisions and effective risk management.
What is the average salary of a Financial Planning Analyst?
The average salary of a Financial Planning Analyst is approximately $85,000 per year, with a range typically between $60,000 and $120,000. Hourly rates average around $40-$45, with lower rates starting at $29-$35 and higher rates reaching up to $60-$70.
How do I get a Financial Planning Analyst job?
To get a Financial Planning Analyst job, start by obtaining a bachelor's degree in accounting, finance, economics, or a related field. Gain at least five years of experience in finance, emphasizing financial planning and analysis. Develop strong analytical, problem-solving, and critical-thinking skills. Build a track record of successfully implementing financial planning programs and become proficient in financial software, particularly Microsoft Excel. Familiarize yourself with statistical analysis processes and database maintenance. Enhance your communication and presentation skills, and gain experience in financial forecasting and trend analytics. Understanding risk management and budgeting is crucial, along with knowledge of accounting and tax legislation. Consider working in a corporate finance setting to strengthen your qualifications.
What are the job duties of a Financial Planning Analyst?
A Financial Planning Analyst is responsible for assessing the financial state of individuals and organizations, identifying investment outcomes, and appraising assets. Key duties include compiling detailed financial reports, developing financial databases, and creating financial action plans. They analyze debt restructuring options, evaluate business proposals, and support budget preparation and forecasting. Additionally, they prepare ad-hoc analyses, collaborate with teams for financial insights, and work with senior management on planning exercises. Continuous improvement of financial processes and systems is also a critical aspect of the role.
How much does a Financial Planning Analyst make per hour?
A Financial Planning Analyst typically earns between $29 and $70 per hour, with an average hourly rate of around $40 to $45.
Is a Financial Planning Analyst job fullfilling?
A Financial Planning Analyst job can be fulfilling for those who enjoy analyzing data, creating financial strategies, and helping organizations achieve their financial goals. It offers opportunities for growth, problem-solving, and making a tangible impact on a company's success. However, fulfillment can vary based on individual interests and work environment.
How long does it take to become a Financial Planning Analyst?
To become a Financial Planning Analyst, it typically takes a minimum of 4 years to earn a bachelor's degree in accounting, finance, or a related field, followed by at least 5 years of relevant work experience in finance. In total, you can expect around 9 years of education and experience to qualify for this role.
Is there a demand for Financial Planning Analysts?
Yes, there is a strong demand for Financial Planning Analysts. As businesses and individuals increasingly seek to manage their finances effectively, the need for skilled analysts to provide insights and strategies continues to grow. This trend is driven by economic uncertainties, regulatory changes, and the desire for personalized financial advice.
What are Financial Planning Analyst career paths?
Financial Planning Analysts can pursue various career paths, including roles such as Financial Analyst, Senior Financial Analyst, Financial Planning Manager, Corporate Finance Manager, Investment Analyst, and Financial Consultant. They may also advance to positions like Director of Financial Planning, Chief Financial Officer, or roles in wealth management and investment banking. Continuous education and certifications, such as CFA or CFP, can enhance career progression in this field.
What are the job responsibilities of a Financial Planning Analyst?
A Financial Planning Analyst is responsible for assessing the financial state of individuals and organizations, identifying investment outcomes, and appraising assets. They compile detailed financial reports, develop and maintain financial databases, and create financial action plans. Key duties include analyzing debt restructuring options, evaluating business proposals, and preparing annual budgets and forecasts. They support monthly financial reporting, conduct variance analysis, and collaborate with cross-functional teams. Additionally, they work with senior management on planning exercises and continuously improve financial processes for efficiency and accuracy.
What are the requirements to get a Financial Planning Analyst job?
To secure a Financial Planning Analyst position, candidates typically need the following requirements:
1. Education: A bachelor's degree in accounting, finance, economics, or a related field.
2. Experience: At least five years of relevant experience in finance, particularly in financial planning and analysis.
3. Skills: Strong analytical, problem-solving, and critical-thinking abilities.
4. Financial Software Proficiency: Expertise in financial tools, especially Microsoft Excel and financial modeling applications.
5. Communication: Excellent reporting and presentation skills.
6. Financial Forecasting: Experience in financial forecasting and trend analysis.
7. Risk Management: Strong skills in risk management and budget planning.
8. Knowledge: Familiarity with accounting, tax, and e-commerce legislation.
9. Database Skills: Understanding of database maintenance and design.
10. Statistical Analysis: Knowledge of statistical analysis processes and tools.
These components are essential for a successful career as a Financial Planning Analyst.
Are there entry level Financial Planning Analyst jobs?
Yes, there are entry-level Financial Planning Analyst jobs. Typically, these positions require a bachelor's degree in finance, accounting, or a related field. Key skills include strong analytical abilities, proficiency in Excel and financial modeling, attention to detail, and effective communication. Familiarity with financial software and basic understanding of financial statements can also be beneficial. Internships or relevant coursework can enhance qualifications.
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