You will create documents such as financial statements, reports, balance sheets, and other financial information that can be used by company management to make strategic business decisions. As a financial expert, you may also take on a consulting role for specific departments or individuals within the organization. Job prospects in this area look good for the foreseeable future.
As a financial reporting analyst, you will work in an office setting and work traditional office hours. Overtime hours may be required from time to time to meet tight deadlines. In most instances, you will report to a finance or accounting manager or department head. Expect to work longer hours at your company’s year end.
Financial reporting analysts in Canada can expect an average annual salary of about $65,000 per year. You can expect a starting salary of about $45,000. With experience you can expect to make up to $90,000 per year. Where you live and the type of company you work for can have an impact on your annual salary. Bonuses and employee benefits may also be included as part of your compensation package.
As a financial reporting analyst, you will work in an office setting and work traditional office hours. Overtime hours may be required from time to time to meet tight deadlines. In most instances, you will report to a finance or accounting manager or department head. Expect to work longer hours at your company’s year end.
Financial reporting analysts commonly work for medium to large sized companies in a variety of industries, however, most can expect to find work within the finance or business industry. The most career opportunities exist in large cities such as Toronto, Vancouver, and Montreal. These cities have a large business presence, opening the door to more job prospects.
Your role as a financial reporting analyst requires a high degree of finance knowledge. Some of the skills you will be expected to have by hiring companies include:
To work as a financial reporting analyst, most professionals have a degree in accounting, finance, statistics or mathematics. Obtaining a master’s in business administration, finance or accounting is an asset that will benefit you as your career evolves. Having a CPA or CMA designation is an asset that will open doors to current and future career opportunities. Additional certifications and training may be provided by hiring organizations.
Many financial reporting analysts have a background in accounting and finance, paving the way to many future career possibilities. Many financial reporting analysts move on to similar roles as an accounting analyst, financial analyst, corporate controller, and many other accounting positions. You will have the opportunity to work with companies of all sizes, and some financial reporting analysts go on to work independently as a consultant.