How to Answer: Accuracy is very important when making projections based on financial data. How do you ensure accuracy?
Advice and answer examples written specifically for a Financial Analyst job interview.
21. Accuracy is very important when making projections based on financial data. How do you ensure accuracy?
What You Need to Know
Talk to the interviewer about your level of attentiveness regarding details on the job. There are many factors and changing conditions that affect financial business decisions. When you talk about your process for accuracy, show how you are consistent and precise. Attention to detail, the ability to see the big picture, and the willingness to reassess, are key skills that will aid in accuracy. It is always best to support your reply with a real-life example. Showcase that you stay current in the changing economic environment, account for potential losses and unexpected expenses, ensure your costs and expenses are accurate, examine all scenarios and potential outcomes, compare data, and consistently perform research with a willingness to reassess regularly.
Written by Kevin Downey on August 1st, 2023
Answer Example
"My co-workers would describe my attention to detail as very strong. I can very easily point out discrepancies in reports and will notice the small things. I also think big-picture, but I have always had a knack for the finer details. Accuracy is crucial when I am making projections. I ensure accuracy by triple-checking that my numbers are correct, looking at multiple potential outcomes, and comparing the financial data with that of a similar project. This helps me ensure that I am not leaving out any important factors."
Written by Kevin Downey on August 1st, 2023