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ESCO occupation

financial analyst

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Financial analysts conduct economic research and elicit valuable analyses on financial matters such as profitability, liquidity, solvency, and asset management. They provide recommendations on financial matters for decision-making processes. Financial analysts work in both the public and the private sector.

2413.1 ISCO 2413 ESCO source
Competences
47
Groups
5
Essential
23
Optional
24

Competences and skills

47 ESCO relations
Essential competences 1 competence

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

0 competences

No competences in this bucket.

Cross-sector

0 competences

No competences in this bucket.

Essential knowledge 13 competences

Occupation specific

2 competences
macroeconomics

The economic field that studies the performance and behaviour of all the sectors of an economy aggregated. This field evaluates the financial performance of a country and considers indicator such as gross domestic product (GDP), price levels, unemployment rates, and inflation.

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microeconomics

The economic field that studies the behaviour and interactions between specific actors of the economy, namely consumers and firms. It is the field that analyses the decision-making process of individuals and the factors that influence purchasing decisions.

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Sector-specific

3 competences
business analytics

The disciplines and technologies for solving business problems through employing quantitative methods such as data analysis and statistical models.

digital
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fundamental analysis

The techniques for measuring the intrinsic value of a financial security through the assessment its economic and financial factors. It combines together the analysis of macroeconomic trends and of financial statements of the companies.

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investment banking

The branch of banking that provides services of capital raising and mergers and acquisitions (M&A).

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Cross-sector

8 competences
accounting

The documentation and processing of data regarding financial activities.

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asset management

The process of increasing total wealth over time through investments that have potential to grow in value.

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business processes

Processes which an organisation applies to improve efficiency, set new objectives and reach goals in a profitable and timely manner.

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economics

Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.

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empirical analysis

The evidence-based method that is used to analyse and interpret information with the aim of drawing conclusions about a specific issue.

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financial management

The field of finance that concerns the practical process analysis and tools for designating financial resources. It encompasses the structure of businesses, the investment sources, and the value increase of corporations due to managerial decision-making.

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quantitative analysis

The technique of employing statistical and mathematical modelling and measurement to represent a specific reality through numbers.

digital
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statistics

The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments in order to forecast and plan work-related activities.

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Essential skills and competences 9 competences

Occupation specific

1 competence
prepare financial projections

Gather financial data, exert analyses, and come up with financial projections for small and big businesses.

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Sector-specific

4 competences
create a financial report

Finalise project accounting. Prepare an actual budget, compare the discrepancy between the planned and actual budget, and draw final conclusions.

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offer financial services

Provide a broad range of financial services to clients such as assistance with financial products, financial planning, insurances, money and investment management.

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perform business research

Search and collect information relevant for the development of businesses in different fields ranging from legal, accounting, finance, up to commercial matters.

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use business simulation tools

Employ software to perform simulations to improve business skills such as business acumen, financial and market analysis and decision making.

digital
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Cross-sector

4 competences
advise on financial matters

Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.

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consider economic criteria in decision making

Develop proposals and take appropriate decisions taking into account economic criteria.

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interpret financial statements

Read, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this information in the development of the department's plans.

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perform business analysis

Evaluate the condition of a business on its own and in relation to the competitive business domain, performing research, placing data in context of the business' needs and determining areas of opportunity.

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Optional knowledge 11 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

5 competences
cost management

The process of planning, monitoring and adjusting the expenses and revenues of a business in order to achieve cost efficiency and capability.

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green bonds

The financial instruments traded in financial markets that aim at raising capitals for projects with specific environmental benefits.

green
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management consulting

The process of giving paid advice with the aim of improving businesses performance and promote their growth.

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sustainable finance

The process of integrating environmental, social and governance (ESG) considerations when making business or investment decisions, leading to increased longer-term investments into sustainable economic activities and projects.

green
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treasury management system

The system for managing treasury processes by centralizing cash flow data linked to treasury operations. It involves managing the liquidity as well as money market instruments of an organisation.

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Cross-sector

6 competences
financial forecasting

The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.

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financial products

The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.

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game theory

The study of mathematical models of strategic decisions among stakeholders. It has applications in all fields of social science, as well as in systems science, computer science and logic. Essential concepts are the Nash Equilibrium and the Prisoner's Dilemma.

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mergers and acquisitions

The process of joining together separate companies and relatively equal in size, and the purchase of a smaller company by a bigger one. The financial deals, the legal implications, and the consolidation of financial records and statements at the end of the fiscal year.

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public offering

The elements comprised in public offerings of companies in the stock market such as determining the initial public offering (IPO), the type of security, and the timing to launch it in the market.

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stock market

The market in which shares of publicly held companies are issued and traded.

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Optional skills and competences 13 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

4 competences
develop transportation cost metrics

Know various routing protocols to calculate itineraries. Compare different possible routes and determine the most efficient one. Understand topological and link-state databases.

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explain financial jargon

Explain all details of financial products in plain words to clients, including financial terms and all costs.

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handle mergers and acquisitions

Handle the negotiation of financial deals and the legal implications involved in the purchase of a company by another or in the merging to separate companies.

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monitor loan portfolio

Control the ongoing credit commitments in order to detect anomalies related to the schedules, refinancing, approval limits etc., and to identify improper disbursements.

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Cross-sector

9 competences
advise on tax planning

Advise on appropriate strategies to include taxes in the overall financial plan in order to reduce the tax load. Advise on questions related to tax legislation and provide advise on the possible implications that decisions in financial matters can cause in a tax declaration. Advise on questions concerning things such as the creation of a company, investments, recruitments, or company successions.

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analyse financial performance of a company

Analyse the performance of the company in financial matters in order to identify improvement actions that could increase profit, based on accounts, records, financial statements and external information of the market.

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analyse financial risk

Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.

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assess financial viability

Revise and analyse financial information and requirements of projects such as their budget appraisal, expected turnover, and risk assessment for determining the benefits and costs of the project. Assess if the agreement or project will redeem its investment, and whether the potential profit is worth the financial risk.

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create a financial plan

Develop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.

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develop investment portfolio

Create an investment portfolio for a customer that includes an insurance policy or multiple policies to cover specific risks, such as financial risks, assistance, reinsurance, industrial risks or natural and technical disasters.

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ensure compliance with disclosure criteria of accounting information

Revise the accounting information of the company to make sure it meets the commonly agreed criteria for its disclosure such as understandability, relevance, consistency, comparability, reliability, and objectivity.

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monitor stock market

Observe and analyse the stock market and its trends on a daily basis to gather up-to-date information in order to develop investment strategies.

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provide cost benefit analysis reports

Prepare, compile and communicate reports with broken down cost analysis on the proposal and budget plans of the company. Analyse the financial or social costs and benefits of a project or investment in advance over a given period of time.

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