Planning Analyst Job Description
Planning analysts design and implement business and marketing strategies to increase company profits and reduce costs. Private businesses, nonprofit organizations, and governments hire planning analysts to work full-time shifts, usually during daytime business hours. Planning analysts report to sales managers and must be able to work in a collaborative, high-stress environment. Planning analysts typically work in offices and rarely travel outside the office to perform their regular job duties.
Planning Analyst Duties and Responsibilities
Day-to-day duties for planning analysts vary based on the industry they’re in and the financial interests of the hiring company. The following core job duties, however, are essentially the same in all businesses and industries:
Planning analysts develop marketing and financial strategies to increase company profits and boost sales.
Planning analysts study and analyze various business data and financial information, including market trends, sales figures, and inventory control processes.
Study Daily Operations
Planning analysts streamline daily business operations to find ways to cut costs, maximize sales, and increase profits.
Consult with Staff
Planning analysts collaborate with managers and staff to implement financial and marketing plans.
Planning analysts write reports outlining various business strategies and design detailed plans to enforce them.
Prepare Financial Forecasts
Planning analysts create financial forecasts and sales projections based on currently available business data.
Planning Analyst Skills and Qualifications
Planning analysts examine business data to formulate marketing and financial strategies designed to help the company succeed and grow. Employers hire planning analysts who have the following essential skills:
- Time management – planning analysts work under tight project deadlines, which requires good time management skills
- Mathematics – planning analysts have an in-depth knowledge of economics and finance, so employers look for professionals with excellent math skills
- Computer skills – planning analysts need strong computer skills to work with various types of software, particularly spreadsheet applications, to create reports, find data, and examine financial information
- Problem-solving skills – planning analysts use problem-solving skills to isolate issues relating to risk, productivity, and other business operations, and find ways to manage and fix these issues
- Analytical thinking – planning analysts need a high degree of analytical skill to process business data and create detailed financial plans based on their findings
- Communication skills – planning analysts use strong verbal and written communication skills to speak effectively with other staff members and create detailed written reports
- Multitasking – planning analysts must successfully manage multiple projects and tasks at once