Instead of seeing January as just another new beginning, think of it as a strategic pause to examine which aspects of your career may need adjustment. For finance professionals, who are expected to analyze increasingly complex data while staying compliant with strict regulations, sharpening these four financial skills could help increase your value at work.
2. Strategic data analysis and financial modeling
Economic pressures and shifting market conditions have led some companies to downsize in recent years. As these businesses work to stabilize and plan for the future, they want professionals on their teams who can harness the capabilities of business intelligence tools to analyze data and build financial models. These financial skills are critical for minimizing disruption and identifying opportunities for growth.
If you up your game in financial modeling and strategic data analysis, you can stand out at your company in scenarios like the following.
Forecasting performance at different retail locations to decide which stores should get extra budget and resources
Assessing the long-term profitability of launching a new product or merging with another company
Building predictive models to identify and implement cost-saving strategies during tough economic times
Analyzing market trends to identify new investment opportunities or areas for expansion