If you’re thinking about hiring a commercial financial analyst to assist your business, it helps to know what you’re looking for. Commercial financial analysis is an effective business resource and can help your business, whether it is struggling, well positioned for growth, thinking about getting business loans, or any number of other circumstances that might call for a detailed dissection of your revenue and sales figures.
Of course, working with the right commercial financial analyst is the first vital step toward developing effective growth strategies. If you believe your business needs expert financial insights, continue reading to learn what traits you need to look for in your analyst.
You’re trusting your financial analyst to analyse sales numbers, place that analysis within the context of your competitors’ performance and the industry market as a whole, and develop strategies and solutions to improve those numbers. For this reason, transparency is crucial. Full disclosure of the financial data the analyst used and the processes by which they arrived at their conclusions is necessary to validate and substantiate their work. This transparency is also important because it empowers businesses to make better use of the analysis they’ve paid for. By clearly outlining the why behind their proposals, financial analysts are equipping companies with the tools necessary to optimise every facet of their business model.
2. Track record of success
Predictably, a record of prior success will go a long way toward establishing trust between a financial analyst and a business. Not only will past experience, particularly within your industry, have helped an analyst hone their reporting processes, techniques, philosophies, and tools, but will also lend credibility to their strategies when they are finally proposed. Analysts that have previously encountered setbacks like insufficient financial data will be more likely to have developed solutions to overcome them and learned how to more effectively communicate their findings in an informative and supportive way. Finally, with experience comes confidence, and with confidence comes the potential to propose bolder and more ambitious strategies for growth that could give your business a real edge.
3. Quality of financial advice
A financial analyst must possess a formidable understanding of foundational financial information. Ultimately, the quality of the strategies and solutions put forth by a commercial financial analyst will be impacted by their proficiencies in the core skills of their job. Analysts need to work well under pressure to organise information and establish priorities. They require strong communicative skills, both in presentation and writing. Analysts will, over the course of a project, work both alone and in teams, and must demonstrate effective financial management and quantitative analysis skills in both settings. They must be fluent in both business and finance as they model market trends and economic statistics.
Find the right financial analyst for you
Developing a commercial property requires a comprehensive understanding of local real estate market trends and the revenue potential of your properties. Working with the top financial advisor Auckland has to offer may well provide the competitive advantage you’re looking for. Fortunately, CFS Bridge Finance specialise in financial analysis for commercial developments. Take your property business to the next level. Contact CFS Bridge Finance today to learn more.