Summary
The overall objectives of a
business analyst are to review and analyze current and proposed business
operations. Oftentimes, you will review financial statements, KPIs and other
key metrics, and then consider options for improvement. A business analysts will
assess the overall effectiveness of a business and its departments to devise
solutions to problems.
Tasks
- Generate standard or custom reports summarizing
business, financial, or economic data for review by executives, managers,
clients, and other stakeholders.
- Validate resource requirements and develop cost
estimate models
- Synthesize current business intelligence or
trend data to support recommendations for action.
- Create informative, actionable, and repeatable
reporting that highlights relevant business trends and opportunities for
improvement.
- Generate consolidated financial summaries,
broken out by business unit, comparing Actuals, Budget, and Forecast.
- Suggest changes to senior management using
analytics to support your recommendations. Actively participate in the
implementation of approved changes
- Maintain library of model documents, templates,
or other reusable knowledge assets.
- Create business intelligence tools or systems,
including design of related databases, spreadsheets, or outputs
- Manage timely flow of business intelligence
information to users.
- Improve systems by studying current practices,
designing modifications
- Collect business intelligence data from
available industry reports, public information, field reports, or purchased
sources.
- Contribute to team effort by accomplishing
related results as needed
- Analyze competitive market strategies through
analysis of related product, market, or share trends.
- Maintain or update business intelligence tools,
databases, dashboards, systems, or methods.
- Identify or monitor current and potential
customers, using business intelligence tools.
- Perform daily, weekly, and monthly reviews and
analyses of current processes using operational metrics and reports.
- Review a variety of areas including operations,
purchasing, inventory, distribution, and facilities.
- Conduct insightful, ad hoc analyses to
investigate ongoing or one-time operational issues
- Disseminate information regarding tools,
reports, or metadata enhancements.
Work
activities
· Analyzing Data
or Information — Identifying the underlying
principles, reasons, or facts of information by breaking down information or
data into separate parts.
· Getting
Information — Observing, receiving, and
otherwise obtaining information from all relevant sources.
· Working with
Computers — Using computers and
computer systems (including hardware and software) to program, write software,
set up functions, enter data, or process information.
· Communicating
with Supervisors, Peers, or Subordinates —
Providing information to supervisors, co-workers, and subordinates by
telephone, in written form, e-mail, or in person
· Interpreting
the Meaning of Information for Others —
Translating or explaining what information means and how it can be used.
· Processing
Information — Compiling, coding,
categorizing, calculating, tabulating, auditing, or verifying information or
data.
· Establishing
and Maintaining Interpersonal Relationships —
Developing constructive and cooperative working relationships with others and
maintaining them over time.
· Organizing,
Planning, and Prioritizing Work —
Developing specific goals and plans to prioritize, organize, and accomplish
your work.
· Updating and
Using Relevant Knowledge — Keeping
up-to-date technically and applying new knowledge to your job.
· Making
Decisions and Solving Problems —
Analyzing information and evaluating results to choose the best solution and
solve problems.
Skills and
Qualifications
Technical skills-
A business analyst possesses technical skills such as data modeling,
stakeholder management, and knowledge of IT.
Analytical skills-
A business analyst must have analytical skills as one of the core
responsibilities of a business analyst is to analyze huge amounts of data
and business processes to arrive at a desirable solution.
Problem-solving-
A business analyst is often called a problem solver as they are
responsible for coming up with solutions to the organization’s
problems.
Communication skills- A
business analyst should have strong communication skills as they
have to clearly communicate the ideas, requirements, and business value to
the stakeholders, development team, or higher management.
Research
skills- A business
analyst is responsible for conducting market research for the upcoming
product.
Requirements
- Bachelor's Degree in business/Finance/Economics/Accounting/Engineer
or related field.
- MBA/MS is a plus
- CPA or CMA is a plus
- 3- 7 years of relevant
experience in corporate finance/financial planning & analysis, investment
banking/Business support and other related fields.
- Microsoft Access and/or SQL
experience strongly preferred
- Strong working knowledge of
Excel and financial modeling
- Ability to impact operations
and effect change without being confrontational
- Detail oriented, analytical,
and inquisitive
- Ability to work independently
and with others
- Extremely organized with
strong time-management skills
- Travel requirement – 25% to 45%
(international travel included)
