Roles and missions of the financial forecaster
Financial forecasters play a vital role in managing and forecasting a company's finances. They are responsible for forecasting and monitoring trends and fluctuations in the financial market and determining the best time to invest. In addition, they help plan the budget strategy and develop sound investment strategies. Here are some of the main responsibilities and duties of a financial forecaster:
- Develop accurate and updated financial forecasts based on current and future performance;
- Analyze industry and market data to develop financial models and scenarios;
- Monitor market conditions, banking policies and other factors that may affect the company's finances;
- Use mathematical models and complex technologies to predict and refine financial forecasts;
- Help prepare reports and presentations for managers and leaders;
- Perform quality checks and tests on financial data and accounting information;
- Participate in meetings with members of the management team and corporate departments to discuss financial forecasts and optimal budget strategies;
- Establish relationships with partners and suppliers outside the company;
- Oversee the development and updating of corporate financial practices and policies.
- Financial forecasters play an important role in planning and forecasting a company's finances and their skills are invaluable.
Financial Forecaster Salary and Career Development
A financial forecaster's salary is tied to their experience and the geographic region in which they practice their profession. Financial forecasters enjoy a relatively high salary in France, which can go up to several tens of thousands of euros. Here are the evolutions of annual gross salaries in France by years of experience for a financial forecaster:
- 0 to 2 years: between €35,000 and €50,000
- 2 to 5 years: between €50,000 and €65,000
- 5 to 10 years: between €65,000 and €85,000
- 10 to 15 years: between €80,000 and €100,000
- More than 15 years: more than €100,000
A financial forecaster may consider specializing in other areas that will allow them to earn more money and advance in their career. Here are some jobs that offer interesting career prospects for a financial forecaster:
- Commercial animator
- Financial Analyst
- portfolio manager
- Financial director
- Financial product manager
