Technical analysts examine an organization's earnings, dividends, products, and research. They ensure continuity of services by providing the planning, leadership, and project coordination necessary to implement new products and optimize old ones. They must also be able to resolve technical problems. Technicians have many different methods and tools that are used to track data. Many use software and computer programs, including software that produce charts, to oversee the changing patterns. Technical analysts should be able to provide demos for product management. Their responsibilities may include the preparation and review of monthly group finance packages and balance sheet trends, as well as variance analysis. They must be able to prepare and present financial and economic models for the board of directors as well as management, investors, and lenders.
Technical analysts must have excellent interpersonal skills, as they may work internally or externally depending on their projects. It is vital they are proficient in tracking results, monitoring actions of competitors, and providing industry analysis. Also, they must be able to train others in why data are so important. Most companies require a bachelor’s degree in computer science, accounting, or finance. Many also prefer some experience, although some companies hire entry-level workers. Technical analysts also must possess excellent problem solving skills, and proficiency in Microsoft Excel and Access is also recommended.
Technical Analyst Tasks
Assess infrastructure and platforms to judge feasibility and usefulness of available tools and resources.
Maintain and update software, hardware, and training materials.
Develop and deliver operational reports and summaries of problems or technical difficulties.
Track, resolve, and document root causes of user technical problems.
Write and communicate technical requirements for new and ongoing projects.