Job Type Permanent / Full Time Working Experience 3 - 5 Years Education Level First Degree Industry Manufacturing Jobs Qualifications Data analysis the ability to assess data sets and identify patterns and opportunities for improvement Financial forecasting effective projection and forecasting skills are also vital in this rolePresentation skills effective presentation skills are a necessityCommunication skills sales analysts rely heavily on both written and verbal communication to work with departments and personnel across teams and business lines Description
Analyze Sales Data
One of the main duties of a sales analyst is assessing sales data for their organization. They examine monthly, quarterly, and annual sales reports to identify sales patterns and areas for improvement, comparing actual sales data to revenue projections and expectations.
Additionally, sales analysts assess market data, including competitors, to identify areas where the company can increase its efforts.
Develop Projections and Forecasts
Sales analysts use previous sales data and market trends to develop forecasts and projections. In this aspect of the role, sales analysts may develop reports showing expected sales and the potential effects of new strategies to aid in decision-
making. In many cases, a sales analyst may work closely with marketing, sales, and management personnel to develop forecasts and examine the potential revenue effects of various proposals.
Guide Marketing Efforts
Many sales analysts work with marketing teams to develop promotional materials and campaigns. Using their data and research, sales analysts may identify markets to target with advertising and promotional efforts or determine how to best set the company apart from its competitors.
Collaborating with marketing teams is frequently a key component of opening up new markets for growth.
Examine Company Budgets
Sales analysts assess the company’s budget to guide investments in marketing and promotions. In this aspect of the role, they examine projected cash flow and compare it to actual sales results to identify divisions that are not hitting sales goals.
They may also provide advice on future budget development. Additionally, sales analysts may examine operational budgets to identify business areas that are not providing a return on investment (ROI) for the company.
Present Reports to Company Leadership
Lastly, sales analysts regularly prepare reports and presentations for executives and other company leaders. These reports can include data on market performance, competitor research, and general sales trends.
In the course of reporting to company leaders, sales analysts also provide advice on increasing revenue, eliminating weaknesses within the company’s sales ecosystem, meeting sales goals, and improving marketing and promotional efforts in certain sectors.