Business Analyst
Job Description
Business Analysts are responsible for evaluating the growth and development of the business. This role includes a combination of data tracking, and implementing new metrics as well as data analyzes market trends which projects future revenue and develops plans that help businesses track profitability, product viability and the overall success of operations.
Companies benefit from internal analysis to see how they can improve processes. Business analysts work with COOs and the departments under their supervision to encourage business development on all fronts.
Responsibilities
- Gather and analyze data of business
- Form information into digestible formats
- Share trend information with management to direct future business
- Gather metrics required for employee evaluation
- Business Reports & Recommendations to CEO
- Produce all KPI data for weekly, monthly and quarterly reports
- Product Reports & Recommendations to Product Manager
Accountabilities
- Sales
- KPI: gross sales, gross profit and net profit month over month
- Finances/Cash Flow
- KPI: Increases in available capital month over month
- KPI: Decrease in payroll and expenses month over month
- Repairs
- KPI: increase in repair sales month over month
- Marketing
- KPI: social media followers month over month
Authority
- Stop purchase, processes or services that are losing company profit
- Make recommendations to all levels of company for improved results
Schedule
- Daily
- Update data, metrics, inventory and sales in sheets
- Update customer repairs
- Weekly
- Cash flow analysis from balance sheet reported
- Analyze store owned inventory flow to make recommendations to product managers and store manager
- Off-sight repairs analysis
- Social media tracker
- Monthly
- Report all metrics and data to CEO, make recommendations for improvements
- Quarterly
- Report all individual metrics and data to CEO for formal employee reviews
- Analyze inventory, sales and data and make recommendations to product managers
Goals
Pinpoint the most profitable areas to focus more time, capital and resources into.
Point out areas where the business is losing money and limit unnecessary spending.
Increase gross sales, decrease overhead, increase net profit.