Growing numbers of chartered accountants (CA’s) are transitioning to careers as financial and credit analysts in the business banking sector, many of them in rural and regional areas, where their skills and experience make them highly sought after.
Beverley Alcidi, the Team Manager for Analysts with the Commonwealth Bank in the Northern Territory, says that the majority of analysts she manages hold accounting qualifications.
“Experience in financial statements, and therefore financial analysis capability, is the core component of the role,” she says. “It’s the best of both worlds: they need to be able to work through the nuances of financials, tax returns, cash flows, budgets and projections, but they also get to spend a lot of time talking to clients, building relationships and negotiating with a broad range of stakeholders.”
CA’s have the education and knowledge required to understand financials and legislative standards for clients, ranging from cattle stations the size of European countries to large property investment portfolios.