What are the responsibilities and job description for the Junior Financial Analyst position at Cayuga Lake National Bank?
Description:
Junior Financial Analyst is an entry-level position within a finance department, primarily responsible for gathering, analyzing, and interpreting financial data to support decision-making by preparing reports, forecasts, and financial models; they typically work under the guidance of senior analysts, focusing on tasks like data collection, variance analysis, and assisting with budgeting and financial planning, while developing their understanding of financial principles and analytical skills.
Job Responsibilities May Include:
- Data analysis: Collecting, cleaning, and analyzing financial data from various sources to identify trends and patterns.
- Financial reporting: Preparing and presenting financial reports, including income statements, balance sheets, and cash flow statements.
- Budgeting and forecasting: Assisting in the development and maintenance of budgets, including forecasting future financial performance.
- Variance analysis: Comparing actual financial results to budget and identifying areas of variance, explaining potential causes.
- Financial modeling: Building and maintaining financial models to evaluate potential business scenarios and investment opportunities.
- Cost analysis: Conducting cost-benefit analyses to support decision-making on projects and initiatives.
- Industry research: Monitoring industry trends and market conditions to inform financial strategies.
- Ad-hoc analysis: Completing special projects and providing support on data-driven analysis as needed.
Qualifications:
- Strong analytical skills and attention to detail
- Proficiency in Microsoft Excel and financial modeling software
- Understanding of basic accounting principles
- Excellent communication and presentation skills
- Ability to work independently and as part of a team
Education and Experience Requirements:
- Bachelor's degree in Finance, Accounting, or related field
- Relevant internship experience in finance or accounting preferred
- Strong academic background in financial analysis and quantitative methods