This article is written by financial modelling specialist, Lance Rubin. You can find more of Lance's work at https://www.modelcitizn.com/
If you have recently been for a job interview or at least just taken a small peek through the door called opportunity then you may have noticed something emerging regarding a new key skill requirement, which you may or may not have.
Irrespective of your level, financial modelling skills have become one of the most highly sought after for finance professionals today.
Good news for candidates is there is short supply and huge demand. There was certainly no shortage of opportunities when I was looking for a job recently, but I decided to use this shortage to consult to many different companies rather than just one as their employee.
Bad news is if you are in a finance team and never built or know what a 3-way model is, then you have lots to learn and to catch up on. A 3-way model refers to the 3 financial statements namely an Income...
This article is written by financial modelling specialist, Lance Rubin. You can find more of Lance's work at https://www.modelcitizn.com/
Why is it so hard to find Finance staff with good financial modeling skills?
Surely all accountants and professional finance people are good financial modelers?
When I was leading a large team within the Finance function of a major Australian bank it was difficult to find good modeling skills.
This isn't just a skills gap in banks but across all Finance teams in corporates and small to medium sized entities.
It's nobody’s fault, we were never trained and everyone just got tips off the resident "Excel expert" in the team. There is always one...Or we used Google and learnt from Chandoo and YouTube videos to solve problems in spreadsheets….just like you solve anything really…YouTube saviour.
When joining a company it was expected that everyone knew how to use Excel with a high degree of competency in Financial...
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