Sample HR Management Essays on analyzing financial status of the company


Title: Financial analyst                                                Job Grade: H

Department: Finance department                               Location: San Francisco

Prepared by: Ren Xuanyuan                                       Date: 2018-01-21

Purpose of the job

To analyze financial status of the company by collecting, monitoring, and studying financial data before recommending appropriate action. Responsible for researching and preparing reports on budgeting, investment and financial trends so as to ultimately produce financial forecast information (Kritzman, 2003).

Major responsibilities and essential functions

  1. Provide financial leadership for consolidations and reporting
  2. Evaluates operational techniques, budgets, programs and practices to ensure most economic operation.
  3. Uses statistical, economic and financial principles and techniques to prepare reports. Makes recommendations related to financial trends, economic, business forecasts, and on the company’s performance.
  4. Decides on the best method of data survey collection, research techniques, data interpretation and analytical methodology to analyze financial data.
  5. Prepares financial reports and findings using the most appropriate presentation format so to communicate the results both internally and externally if need be.
  6. Coordinates and develops reporting mechanisms for outside grants and contracts.
  7. Interviews individuals, conducts investigations, research and data collection and documents findings.
  8. Reconcile transactions by comparing and correcting data.
  9. Monitor financial trends and recommend the most appropriate financial actions to the senior financial analyst.
  10. Develop financial models, conduct benchmarking and process analyst.


Education background: Bachelor’s degree in finance, business commerce, business administration, economics or any other related fields (Kritzman, 2003).

Necessary techniques or practices

  • Proficiency in computer packages such as: Microsoft Office package, data management tools, SQL, spreadsheets, computer accounting systems and financial software applications
  • Should be well-versed and informed in tax laws, accounting, money market and business environment.
  • Excellent written and verbal communication skills.
  • Excellent research skills for data collection and data interpretation
  • Knowledge of fiscal requirements, laws and regulations governing financial practices within a business environment (Kritzman, 2003).
  • Knowledge of descriptive statistics to analyze statistical data and prepare estimates. Experience with statistical analysis packages.

Job experience

  • 2 – 3 years of proven work experience as a financial analyst or auditor.

Licenses and Certificates

  • Masters of Business Administration (MBA), Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified Fund Specialist (CFS), Chartered Financial Consultant (CHFC) certificate or any other financial certification (Kritzman, 2003).

Problem solving and decision making

Financial analyst need to possess robust problem solving skills in order to effectively perform their job. Every financial analyst needs to possess;

  • Critical thinking skills: This allows the financial analyst to identify intricate details of a financial problem
  • Good decision making skills: In order to solve problems, the financial analyst needs to be decisive by selecting the most suitable choice before implementing it.
  • Technical skills: Ability to proficiently use different financial software and computer programs.
  • Analytic skills: Ability to research financial information from different sources and make appropriate decisions that would benefit the organization.
  • Good presentation and communication skills: Ability to listen and understand the client’s needs with the intent of providing the client with the best financial recommendation.
  • Good ethical conduct

Working conditions

This job entails daily use of standard office equipment such as; computers, photocopiers, printing machines, filing cabinets and fax machines.

Working hours: This is a full time 8 hour job. A financial analyst has to work from Monday to Friday from 8.00am – 5.00 pm. However, on occasional basis, one may be required to resume work duties on Saturday in cases of high job demand.

Physical demands: Requires sitting and standing associated with a normal office environment


PART B: Developing a Job Description


Job description

Job Title: Financial analyst                                          Prepared By:

Department: Finance department                               Prepared date: 2015-01-08

Reports to: Senior financial analyst                            Approved by:

FLSA Status:                                                              Approved date: 2018-01-21



  • Provide in-depth analysis of the organization’s activities to forecast on the organization’s future costs and profitability.
  • Assist with the development of the organization’s financial budget and future projects.
  • The financial analyst will use their analytic and critical thinking skills to make proper financial decision so as to advice the budget holders on how best they could manage the company’s budget.
  • Produce financial reports to the senior financial analyst and business analyst
  • Present oral or written financial reports showing the financial position of the organization and the general economic trends
  • Analyze the current financial report before recommending the most appropriate financial plan that would enable the company to perform better
  • Monitor fundamental economic, industrial and corporate developments by analyzing information from financial publications and services, investment banking firms, government agencies, trade publications, company sources or personal interviews (Kritzman, 2003).
  • Interpret data on price, yield, stability, future investment-risk trends, economic influences and other factors affecting investment programs
  • Prepares financial documents for compliance with the regulation body
  • Evaluates operational techniques, budgets, programs and practices to ensure the most economic operation that would benefit the organization in terms of profitability and low cost of production (Kritzman, 2003).


This position has no supervisory responsibilities


  • Must have excellent quantitative and qualitative analytical skills
  • Must possess excellent verbal and written communication skills. Must also be versed with good presentation skills whilst also be comfortable when interacting with executive level management.
  • Must have strong financial modeling and data manipulation experience
  • Must have robust problem-solving skills and high level of independent judgment or decision making skills (Kritzman, 2003).
  • Advance computer proficiency in financial forecasting, modeling and reporting.
  • Must be able to demonstrate a high degree of confidentiality and discretion.
  • Must be able to facilitate cross functional teams and work effectively with every employee within the organization.


Baccalaureate degree in economics, finance, commerce, business administration or any other financially related course. Master’s in Business administration (MBA) is highly preferred.

At least 2 years work experience as a financial analyst for non-government organization.

LANGUAGE SKILLS: Proficiency in written and verbal communication in English

MATHEMATICAL SKILLS:  Knowledge in statistics, calculus, algebra and geometry.

REASONING ABILITY:  Using logic and reasoning to perform SWOT analysis on the financial situation of an organization with the intent of providing excellent financial advice

COMPUTER SKILLS: Must be proficient with Microsoft Excel, Access, SQL, data management tools, and financial software among other Microsoft office applications.

WORK ENVIRONMENT: Normal office work environment



Labor Market

The term ‘labor market’ is defined as   a place where employees interact with one another.  Labor market plays a crucial role in determining the performance of the general economy of a country and the world at large (Kritzman, 2003). Labor market equilibrium moreover determines the wage and employment in the labor market. Through labor market assessment, an organization is able to analyze the labor market trends by investigating various key factors such as; employment, redundancy, and the rate of recruitment (Ehrenberg & Smith 2016). Below is a labor market assessment for a financial analyst job position at a renowned healthcare company;

Assessing the demand for labor

Financial analysts have become the most searched after professionals amid the harsh economic times where most people remember the importance of investing. This is because of their professional ability to gather financial information, analyze financial data and make the most suitable recommendations to their clients. Financial analysts are highly regarded and trusted by a vast majority of people who seek to expand their wealth territories. Financial analysts serve the nation as they indirectly set the pace for a country’s economic growth and development. They play a paramount role in enlightening their clients on the current economic trends whilst also recommending them on the appropriate period of time where they could purchase or sell investment. According to the Bureau of Labor Statistics, the financial analyst position is projected to dramatically increase by approximately 11 percent (Ehrenberg & Smith 2016). This means that there will be more than 32,100 jobs created by the next decade (Kritzman, 2003). These figures clearly showcase the continuous rise in the demand for financial analysts.

Economic concerns and technological issues

Demand for financial analysts tends to grow with the ever-changing economic times. Most people and organizations would opt to employ a financial analyst so as to assist in the evaluation of the business and its competitors. Additionally, the fluctuating economic condition warrants a business to employ a financial analyst who would be keen on creating the most cost-effective budget system for future plans. This is imperative for an organization that hopes to reduce its cost of production so as to increase its profitability margin even during harsh economic times. In addition, the fear of inflation and deflation in the economic sector has pushed a lot of investors into seeking financial advice and directions from the well-able financial analysts.

With the advent of new technologies, the demand for financial analysts is expected to rise unprecedentedly. As technology advances so does financial data also increase. The large amount of digital financial data thereby requires the expertise of financial analyst who would be more skilled to conduct higher quality financial research and analysis.

Legal issues and demographic trends

Demographic trends play a key role in the shape of a country’s economy. For instance, most developing or emerging countries are known to record devastating rates of unemployment. A vast majority of young people tend to be unemployed. In such a scenario, the demand for financial analyst is relatively low due to low circulation of money. However, demographic trends in advanced economies tend to record a significant higher employment rate. In this case, most people would be willing and able to seek the services of a financial analyst. This is because majority of the employed people would employ financial analyst who would provide them with suitable investment plan. In turn, the employed people would expand their wealth and in return, catalyze economic growth and development in the country. A population made up of more elderly people that young people would have a higher demand of financial analysts. This is because; financial analysts would provide them with the basic advice on how best they could manage the wealth that they have accumulated over the years.

Assessing the supply for labor

Labor supply is simply described as the number of hours that people are willing and able to supply at a given wage rate (Ehrenberg & Smith 2016). Labor market may also be simply described as the number of workers available for hire for a corresponding wage. Higher wages attract more workers in comparison to low wages that attract a relatively low number of workers (Ehrenberg & Smith 2016). Labor supply for financial analyst is usually affected by the following primary factors;

Availability of others to do the work

A population of highly skilled and well trained financial analyst would lead to a higher labor supply of financial analysts. A high number of financial analysts would result to competition for the job positions. Consequentially, many companies would be bound to create an entry barrier by creating eligibility criteria so as to control the labor supply for financial analysts.

Replacement strategies

Harsh replacement strategies are likely to reduce the labor supply for financial analysts. This is due to the fact that many would have a higher probability of losing their jobs within an organization due to factors such as; reduced performance, wrong economic predictions or incorrect and inaccurate research and analysis of financial data. However, organizations that have sound and considerate replacement conditions attract more highly skilled financial analysts who would be ready and willing to offer their services to the client. This is because of the good working condition created by the employee. In addition, there still exists a plethora of workforce factors that are likely to affect the labor supply for financial analysts. These factors include; immigration, participation rate, and population increase (Ehrenberg & Smith 2016).

With the advent of a myriad of technologies, it is important for financial analysts to learn on various financial analysis digital software and programs. With the world transforming from the traditional manual times to the current digital era, it is paramount for education institutions to change their curriculum so as to integrate technology as part of study. This would assist a lot of financial analysts who seek to cut an edge over the highly competitive labor market.



Ehrenberg, R. G., & Smith, R. S. (2016). Modern labor economics: Theory and public policy. Routledge.,+supply+and+demand&ots=Cz3RpjHNUO&sig=JZkrhvqapzZarM3-AyhBl0TWbGo&redir_esc=y#v=onepage&q=labor%20market%2C%20supply%20and%20demand&f=false

Kritzman, M. P. (2003). The portable financial analyst: What practitioners need to know. Hoboken, N.J: J. Wiley.