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Do you need a cover letter for finance?

Yes, a cover letter plays a chief role in almost every industry.

Be it business administration, marketing, financial services, creative arts, or even seasonal and temporary jobs, a cover letter plays a significant role in the eyes of hiring managers.

A financial analyst cover letter presents your achievements and skills in the field (concisely), for the hiring manager to develop a preliminary idea about you. If presented correctly, the financial analyst cover letter can intrigue employers to study your resume.

Top companies such as Boston Consulting Group, Cisco, Edward Jones are to name a few out of 26% of recruiters who consider a cover letter for financial analyst position as a significant element to hiring.

Going ahead, we will discuss cover letter examples for financial analyst and their structure in the following sections:

You can create exemplary cover letters with Hiration’s Cover Letter Builder and the variety of premium templates infused with AI-powered sentence suggestions based on your job description.

Financial Analyst Cover Letter Structure


Your financial analyst cover letter should emphasize your analytical and data-driven skills. It should give a concise account of your abilities and how they have benefitted your company in your past experiences.

The structure of your financial analyst cover letter should contain these elements in the following order:

  • Header
  • Salutation
  • Opening Paragraph
  • Body
  • Closing Paragraph
  • Signature

A header should include all your personal information required on professional grounds:

  • Name
  • Email ID
  • Phone Number
  • Location

It can also include your LinkedIn handle or website URL if you believe it will hold relevance in your financial analyst cover letter.

Salution


Starting with the date, you should now address your recruiter or hiring manager:

  • Name
  • Designation
  • Company Name
  • Complete Address

In case you are unable to find out the details about your recruiter, you can address your cover letter for financial analyst position to the team, for example, ‘To Wells Fargo team,’.

Financial Analyst Cover Letter: Opening Paragraph


Your first sentence forms your first impression. Let us break it down for you:

  • Start with how you feel to come across this opportunity
  • Continue with the position details and the source that informed you about this opening

The second sentence should emphasize your qualities and skills, and your third sentence should be a continuation to that declaring your candidacy for the position.

Financial Analyst Cover Letter: Body


This is the most important paragraph of your financial analyst cover letter. Here, you can throw light on your achievements that align with your job description. For instance, you can work around these questions:

  • How did your analytical skills deliver profitable business solutions?
  • Are you skilled at assessing potential risks and business opportunities?
  • What inputs did you give in your past organization to meet the company's financial objectives?

Make sure to research well about the company and the position you are applying for to include information about you that aligns with their requirement.

Cover-Letter-Body

Financial Analyst Cover Letter: Closing Paragraph


You can draft the concluding paragraph on two notes:

  • Things that inspire you the most about the firm you are applying for
  • Qualities you possess that will suit the position and benefit the company

It should most importantly include your enclosures and contact information. The CTA should be accurate for the recruiter to easily reach out to you.

Signature


A signature is a formality for every professional letter. You can sign off a professional letter with the following closings:

  • Thanking you
  • Thank you
  • Regards
  • Sincerely

Entry Level Financial Analyst Cover Letter Examples


If you are a fresher, this section is for you to understand the elements of a financial analyst cover letter with no experience.

The basic structure remains the same. In the body of your financial analyst cover letter, you must express your interest in the role and emphasize relevant knowledge and skills you possess to fulfill the responsibilities that come with it.

For this, you need to carefully study the job description and research the company website. Highlighting relevant accomplishments and your best qualities will increase your chances of impressing the recruiter.

Also read: How to make a financial analyst resume?

Mid Level Financial Analyst Cover Letter Sample


We have curated a sample cover letter for a financial analyst mid-level position. This will help you understand the complete structure and how you need to go about it.

Sample Cover Letter for Financial Analyst


Jules Ostin
Junior Financial Analyst
Covering Letter
January 29, 2022

Ms. Linda Johnson
Hiring Manager
Bennett and Co.
15, Lexington Avenue
Madison, WI 53558

Re: Suitability for Financial Analyst

Dear Ms. Johnson,

It is a precious opportunity to have come across the job opening for Financial Analyst at Bennett and Co., and I am thrilled to submit my application for the same. Armed with a prolific record in performing financial forecasting and metrics tracking, I thrive on collating data and analyzing it to glean data-driven insights. I believe my experience of 3+ years in the field, coupled with my Bachelor's Degree in Finance from University of Wisconsin would fit the candidacy for this position.

In my previous role as the Junior Financial Analyst at Yellow Comfort FMCG, I coordinated with the CFO to compose an annual budget of USD 200M by assessing risk and profit opportunities. I spearheaded and streamlined 4 separate programs, creating an overall savings of 7% with an effective forecasting model that evaluated actual budget versus monthly budgeted forecast. As the Junior Finance Manager at Pink Cabs Inc., I created 10+ quarterly and annual financial statements while coordinating with major banks such as the Chaser National Bank, Bank of NYC, and Washington Bank.

It is difficult to come away un-awed by the passion for excellence that Bennett and Co. has displayed in its meteoric rise to date. I am truly inspired by its collaborative working style that emphasizes teamwork and trust. I believe that my experience in analyzing financial opportunities and setback to generate profitable business solutions will prove to be an invaluable addition to your company.

Enclosed for your consideration is my resume. I’d appreciate the occasion to further discuss my worthiness and qualifications with you on call or in person. I am available at +1 41522 37886 or jules.ostin@gmail.com.

Sincerely,
Jules Ostin

Enclosure: Resume

Senior Financial Analyst Cover Letter


The duties of senior financial analysts include monitoring indicators such as profitability, solvency, and liquidity. They also research financial data and prepare reports and presentations to help executives make the best business decisions.

This type of job requires excellent math and statistical, time management, decision-making, and teamwork skills.

Ranking within the top ten list of high-paying civil service jobs, you can expect steep competition for the job opening, so you need to make sure your senior financial analyst cover letter stands out.

Following the same financial analyst cover letter format, you can include skills around:

  • analyzing financial information
  • finding optimal ways to improve financial performance
  • monitoring economic trends and making predictions
  • partaking in educational workshops to know current market trends
  • influencing strategic executive decisions

Also read: What are the commonly asked financial analyst interview questions in 2022?

Do's of Writing a Financial Analyst Cover Letter


  • Relate to your previous experience: It is important that you show how you bring qualities from your past experience that is relevant to the current company’s goals. This will help align your experiences with their requirements which will ultimately help land an interview with them.

  • Do Not Simply Mention Numbers: Do not get caught up in mentioning statistics. Make sure to provide explanations behind the figures you are presenting. For example, increased sales by or reduced operational costs by.

  • Emphasize Your Financial Skills: This will involve reading and analyzing financial reports, tracking expenses and revenue, and forecasting plus budgeting. So, it is important that you show your strong analytical skills to the hiring manager in your financial analyst cover letter.

Don’ts of Writing a Financial Analyst Cover Letter


If a company comes across your application, they may read your cover letter to get a background on you. To make a good impression and bag that interview, it is important to know the mistakes to avoid:

  • Focusing too much on yourself: Understanding the responsibilities of your role is important. You should showcase only those achievements that lend well to job duties.

  • Sharing every work experience: Figure out which of your past job experiences hold relevance to the job. Tailor your cover letter to speak for those skills instead of giving a synopsis of total work experience.

  • Writing a lengthy cover letter: Your cover letter can make or break the game depending upon its length. Make sure to keep it concise and to the point.

  • Overconfident and over-impressed behavior: Too much of anything is not good. Avoid trite comments and be specific by providing examples of how you work well as part of a team. Also, show a minimalistic appreciation for the company.

  • Typos and grammatical errors: This is the biggest trigger for any potential employer. Double-check that you have addressed your cover letter to the correct person and that you spell-check everything.

Key Takeaways


  • Your financial analyst cover letter will allow recruiters to develop a better understanding of your candidacy.
  • You should structure your cover letter for financial analyst in the following order: Header, Salutation, Opening Paragraph, Body, Closing Paragraph, and Signature.
  • An entry level financial analyst cover letter should mainly focus on relevant qualities and your interest in the position.
  • Make sure to avoid lengthy cover letters. Your financial analyst cover letter should briefly showcase your relevant achievements and suitability for the role.

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