Junior Commercial Finance Analyst Jobs in UK 2024 (£15-20 Hourly)

To join our team, Booker Group UK is seeking a highly motivated and detail-oriented Junior Commercial Finance Analyst. You will support the finance department as a Junior Commercial Finance Analyst by assessing financial data, helping with financial planning and forecasting, and providing insights to improve business performance.

Anyone who has a strong analytical background, a strong interest in finance, and a drive to grow in the industry should seize this wonderful chance.

Job Details

• Company Name: Booker Group
• Job Location: Equity House Irthlingborough Road Wellingborough, NN8 1LT
• Job Position: Junior Commercial Finance Analyst
• Job Type: Full Time-Permanent
• Shift: Evening, Night, Flexible Hours, To be determined, Morning
• Basic Salary: £15.00-£20.00 hourly

Responsibilities of Junior Commercial Finance Analyst

• Examine financial information, such as revenue, expenses, and costs, to identify trends, patterns, and areas that could use improvement.
• Help ensure accuracy and timeliness in the compilation of financial reports, projections, and budgets.
• To support the financial planning process, compile and organize financial data from various sources.
• Utilize variance analysis to find significant drivers of variation by comparing actual financial performance to projections and budgets.
• Contribute to the monthly, quarterly, and annual preparation of management reports and financial accounts.
• Work together with cross-functional teams to gather information and insights that will support successful decision-making for the business.
• Take part in ad hoc financial projects, scenario analysis, and financial modeling as needed.
• Maintain data accuracy and integrity by keeping financial databases and systems current.
• Retain up-to-date knowledge of legal requirements, industry trends, and best practices for financial reporting and analysis.
• Help in identifying areas for process optimization and putting streamlined processes into place to increase accuracy and efficiency.

Qualifications for Junior Commercial Finance Analyst

• It is necessary to have a bachelor’s degree in accounting, finance, or a closely connected field.
• Strong analytical skills and the capacity to comprehend financial data and spot important insights.
• Proficiency in financial modeling, data analysis, and financial reporting is necessary.
• Accuracy and meticulous attention to detail are crucial when working with financial data.
• It is necessary to understand accounting principles, financial statements, and financial principles.
• Excel advanced skills include using functions, formulas, and pivot tables.
• Comprehension of the forecasting and financial planning procedures.
• It takes excellent written and vocal communication skills to explain financial data to stakeholders.
• Capacity to work both independently and cooperatively in a group environment.
• You need to be very organized and have good time management abilities to prioritize tasks and meet deadlines.
• It is beneficial to have an understanding of software and financial systems.

Benefits of Junior Commercial Finance Analyst Jobs in the UK

• Real-World Experience: These roles provide a great deal of real-world experience in forecasting, reporting, budgeting, and financial analysis. Junior analysts constantly work closely with senior team members and are exposed to a wide range of financial instruments and processes.
• Promotion in Career: In the finance department or throughout the company, entry-level jobs sometimes serve as stepping stones to more senior roles. With the right training and experience, people can work their way up to director of finance, finance manager, or senior finance analyst.
• Junior Commercial Finance Analysts usually work closely with other departments, such as marketing, sales, and operations, which exposes them to a variety of corporate processes. Through this training, they can gain cross-functional skills and understand how financial decisions affect various facets of the organization.
• Development of Skills: These jobs offer opportunities to develop vital skills such as financial modeling, data analysis, and effective communication. Junior analysts also learn how to utilize typical financial instruments and software in the industry.
• Networking Possibilities: Being a part of a finance team provides opportunities to connect with mentors, coworkers, and other professionals in the field. The advantages of networking for future job prospects and career success can be incalculable.
• Competitive Compensation: Although junior finance occupations are entry-level, they typically offer competitive compensation and benefits. Those who gain knowledge and experience could be eligible for rewards, benefits, and pay raises.
• Professional Development: Many companies invest in the professional development of their employees by offering training programs, certification programs, and opportunities for postgraduate study. By using these materials, junior analysts can increase their knowledge and proficiency.

Additional Benefits

• Business Exposure: Junior analysts may gain experience in areas of the business, such as technology, healthcare, finance, manufacturing, or finance, that are particularly significant to the organization. This industrial exposure might be helpful to those who are interested in pursuing a specialized career path.
• Contribution to Decision-Making: Analysts regularly participate in important organizational decision-making processes, even when they hold lower-level roles. Senior executives may make informed financial decisions that drive the growth and profitability of the company with the help of their analysis and insights.
• Demand and Job Stability: Finance jobs are generally in great demand across all industries, including roles for commercial finance analysts. Businesses are always growing and changing, which means there is a constant need for professionals who can analyze financial data and provide strategic insights.

Apply Here

Frequently Asked Questions

Are there many financial analysts in the UK?

The legal finance industry now has a strong demand for financial analysts, and we anticipate that this demand will only grow in the years to come. Law firms use financial analysts to boost business growth and assist senior management in making informed decisions.

What does a junior commercial analyst do?

You will be responsible for increasing revenue in the local vertical as a junior commercial analyst, particularly in your designated area. You will be very proactive in this profession, assessing performance, communicating problems, and seeking out opportunities.

What is the UK salary range for analysts of commercial finance?

In the UK, the average yearly compensation for a commercial finance analyst is £39,770. In the UK, an additional cash salary for a commercial finance analyst ranges from £1,678 to £5,126, with an average of £2,933.