Exp : 4-5 years, Exp CTC : 6 Lpa
Business Analysts conduct market analyses, analyzing both product lines and the overall profitability of the business. In addition, they develop and monitor data quality metrics and ensure business data and reporting needs are met. Strong technology, analytical and communication skills are must-have traits.
Responsibilities for Business Analyst
• Creating a detailed business analysis, outlining problems, opportunities and solutions for a business
• Budgeting and forecasting
• Planning and monitoring
• Financial modelling
• Variance Analysis
• Defining business requirements and reporting them back to stakeholders
In addition to performing financial and operational modelling, a Business Analyst is expected to develop new models that underpin sound business decisions. A Business Analyst job description should recognise the streamlining and improving of internal and external reporting. The role should also call for a strong understanding of regulatory and reporting requirements as well as plenty of experience in forecasting, budgeting and financial analysis combined with understanding of key performance indicators.
The end goal is to provide financial insights that help the decision-making process, and align capital and resource allocation within the business budget. The Business Analyst should also drive fresh initiatives for financial planning and business intelligence systems.
Business Analyst job qualifications and requirements
Typically, Business Analysts require a bachelor’s degree minimum. Whilst any degree is advantageous, the following subjects are useful as they’re in a similar field:
• Business Studies
• Business Administration
• Information Technology
There are also several industry-recognized certificates aspiring Business Analysts can acquire too. The International Institute of Business Analysis (IIBA) offers such accreditation.
The core skills of a Business Analyst job description should also include:
• Experience working with senior decision makers
• Strong communication/interpersonal skills
• Proven analytical background
• Advanced Excel skills development and Implementation of Macros