The Management Analyst is a figure that is found in companies, especially smaller ones and deals with the check that the company management is in line with the company's objectives, namely maximizing proceeds, minimizing cost, maximizing profits and stick to the sales volume of expected. responsible and for this purpose prepares the budget and ensure that costs and revenues are in line with expectations, providing analysis reports.
Analyst management, therefore, for the role it plays within the company must be able to manage relationships with many figures who work in the company and which are placed at different levels of responsibility, regardless of productive sector or by company size, in order to operate the analyst must have continuous contacts with all sectors of the organization and is the same that receives all information needed to measure and compare the costs broken down by sections:
The commercial area for the assessment of sales trends and analysis of the differences between actual and forecast data;
The production area for the periodic assessment of the costs and processing times compared to established standards;
The area of ??purchases, for the verification of the market prices of goods and services purchased by the company;
The area of ??personnel, with regard to the total costs related to employees and collaborators;
The quality of the area, for the detection of optimum production parameters and participation in the definition of quality targets itself.
The analyst management therefore performs many tasks including:
Optimize resources, trying to minimize the risk of deviation between the costs and revenues of each business sector;
Prevent any more income cost operation that produces, elaborating various improvement of the profitability of individual business systems: to achieve this, eve collect the numbers related to the costs and revenues of the various business areas;
Develop data collection and produce the specific information reports for each activity, constantly updated, sending them to different business areas and collaborating with them in the definition of the decisions to be taken;
Assessing the overall progress of business management and propose the necessary corrective measures in the event of any imbalances;
Help define the economic resources available to each business segment, the cost items, the responsibilities of reference, its management and operating procedures.
Analyze data at end of period (the time intervals are determined by the type of activity), carry out the verification of the subject with the relevant departments to see if they have achieved the objectives set, highlight the differences with respect to forecasts, identify the causes of such deviations and proposes any corrective.
To become a management analyst, the candidate must pursue their university studies, enrolling in a degree program in economics as economics or economics and management. Obtained the title of the study, the analyst management should be integrated into the working world and, for his profession, some modes are privileged compared to other:
The internship or a training on the important job which can then follow the hiring company. Inclusion in the organization will follow a period of initial training on the business itself, aimed at knowledge of the working environment, regardless of the company position that goes to cover and possibly attend support courses;
The consulting firm. The activity takes place, so prevalent at the enterprise customer, so the transfers are frequent: some of the work is individual, ie phases of study of documents, procedures and centers of responsibility as well as a later stage comparison with top management for the preparation of the management control system
As for skills, the management analyst must know the nature and functions and the enterprise system, structures and work processes related to the organization business, methods for making accounting and technical surveys of financial needs detection, ie capital required for the company, and liquid monetary resources management as well as tax rules, civil and tax. The analyst future will be able, then, to:
Set the chart of accounts and the administrative procedures in line with the civil and tax laws;
Prepare a budget;
Apply the analytical accounting methods;
Apply technical training and analysis of forecasts;
Process analysis techniques of the differences between actual and forecast data;
Draw up periodic reports on the progress of various business sectors;
Independently manage the application software that allows the computerization of the accounting procedures and the management control models.
Use the software systems dedicated to the collection, processing, classification, drafting and dissemination of information.
The management analyst future will have, then, to distinguish itself from other figures on the market as an expert in the design of information systems, statistics, information theory, probability theory, organization and data information flows.
