Forecasting Analyst Job Description
Forecasting analyst
provides analysis to assess forecasting accuracy, evaluate forecasting methodologies, and recommend changes to maximize forecasting accuracy.
Forecasting Analyst Duties & Responsibilities
To write an effective forecasting analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included forecasting analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Monitors call volume arrival patterns, additives and multiplicities seasonality, contact rates, and applies various forecast models (non-stationary, trend lines, correlation analysis)
Performs monthly reviews and evaluates actual financial performance of the Bank's business units and conducts variance analysis relative to plan and prior month
Works with the consumer sales team in the research and development of consumer sales analysis and reporting
Provides ad-hoc sales analysis as requested by marketing and sales directors, supervisor
Performs post mortem analysis on an annual basis for relevant categories
Ability to efficiently gather information and generate analysis to support successful supply chain management and business success
Provides trend analysis and reports to management
Compiles and distributes and analyzes daily, weekly, and monthly call
Maintains monthly location based customer service productivity, quality, and sales performance goals, reports, and tracks performance against goals
Advises management regarding schedule change requests
Forecasting Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Forecasting Analyst
List any licenses or certifications required by the position: APICS, MRPT, BMC, SCM, CMA, CPA, PMP, CPIM, IBF, SWPP
Education for Forecasting Analyst
Typically a job would require a certain level of education.
Employers hiring for the forecasting analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Statistics, Economics, Finance, Mathematics, Engineering, Accounting, Education, Computer Science, Math
Skills for Forecasting Analyst
Desired skills for forecasting analyst include:
Analysis
Evaluation
Modelling and forecasting with strong analytical skills and attention to detail
Excel
Gas markets
MS Office
Retail electricity
SQL
Statistics and general forecasting methodologies
SAS
Desired experience for forecasting analyst includes:
Proficiency in Microsoft Access and Microsoft Office
Maintain detailed AHT forecasts by understanding both surface and underlying AHT, and the factors that may affect this, such as customer tenure, call type mix, system issues, agent availability
Ensure workload forecasts incorporate all relevant channels or work types, eg
Provide rigorous methodology and approach to documentation and version control, knowledge management
Experience of revenue forecasting
Trend spotting and financial modelling
Forecasting Analyst Examples
1
Forecasting Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a forecasting analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for forecasting analyst
- Provide the detailed analysis of forecast trends and accuracy for local pre-demand/demand review process
- Assists with the integration of initiative/acquired entities and budgeting processes
- May assist in researching relevant business developments in the organization and/or industry
- Imports account sales and inventory information
- Generates consumer sales reporting by title, account and channel, and ensures accuracy
- Works with the Information Technology group to ensure timely reporting
- Creates and updates forecasts for the top adult and children's titles on a weekly basis, adjusting for marketing, seasonality, distribution and trend
- Runs a number of weekly reports distributed through the company
- Lead consensus meetings with the Planning & Allocation teams to discuss sales trends, exceptions to the statistical forecast, upcoming advertising and all other relevant issues that may impact the forecast of each category
- Analyze forecasting reports and highlight the trends within a department for communication with the Planning & Allocation team
Qualifications for forecasting analyst
- Hyperion experience would be a large benefit
- Excellent numeracy and problem solving capabilities
- Strong and quick relationship builder
- Able to influence across a broad stakeholder set and be a change agent
- Ability to flex focus between short-term and long-term goals
- Accurate and timely delivery of business analytics
2
Forecasting Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a forecasting analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for forecasting analyst
- Manage forecasts to support company business strategies such as Side-By-Side stores, TRU Holiday Express stores, Dot Com
- Follows up to ensure all work requirements are completed in a timely and accurate manner
- Initiates decisive, timely action to address day-to-day issues and addresses obstacles, redirecting efforts to assure quality results
- Participate in business decisions in cross functional meetings with Planning and Supply Chain business partners
- Share knowledge and experience with the Planning & Allocation, Sales & Operations and other business partners as needed
- Communicate and coordinate with Planning & Allocation partners action plans to solve forecast issues
- Work cross-functionally to advise teams of system capabilities to aid in decision making
- Work all system generated Alerts weekly and address all outliers
- Analyzes system generated forecasts and determines best forecast methods and system settings to generate most useful results
- Research within the forecasting reports the trends within a department for communication with the Planning & Allocation team about the accuracy of the forecast
Qualifications for forecasting analyst
- Assessment against company growth values – External Focus, Clear Thinking, Imagination & Courage, Inclusiveness and Expertise
- Focus on measurable results consistently delivered on a timely bases
- Must have an advanced knowledge of WFM tools
- Lead effective consensus forecasting meetings with the business team to align on the consensus forecast that incorporates planned business initiatives
- At least one year of experience in publishing or consumer products, and/or equivalent time in business or publishing school training
- Ability to think critically, multi-task and prioritize
3
Forecasting Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a forecasting analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for forecasting analyst
- Maintain history in RDF including Calendar shifts, to provide timely forecasts
- Forecasts shared items for TRU, BRU and Dotcom chains
- Validate advertising forecasts by reviewing sales history and analyzing internal and external factors, properly spread advertising sales at store level to ensure appropriate promotional store forecasts are in place
- Review and action Forecasting reports such as RDF Accuracy Report and Naïve Report
- Identify and help solve forecast issues caused by Item Eligibility and Merged Allocation relationships with the Planning & Allocation team collaboratively
- Work cross functionally with business partners in driving business opportunities
- Deliver useful forecasts that accurately reflect sales trends to generate appropriate store level product allocations in DCM to maximize sales
- Provide proper and timely forecasts that will increase use of system generated Time Phased Replenishment (TPR’s) orders
- Analysing the Month End performance and providing key commentary for the Month and Year to Date variances against Budget and/or Forecast
- Creating Hyperion uploads during Forecast periods for both FTE and Cost, and retrieving the output
Qualifications for forecasting analyst
- Ability to work effectively with all levels across the organization
- Minimum 2 years business experience and 1 year forecasting (demand planning) experience
- Knowledge and command of the RDF forecasting system a plus
- Advanced communication and interpersonal skill sets
- Knowledge of experience of using Nice version 6.4 and CMS is preferred
- Proven analytics skills
4
Forecasting Analyst Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of forecasting analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for forecasting analyst
- Prepare working capital analysis based on forecasts and budget submissions
- Prepared analysis of cash needs to determine appropriate amount and timing of on-going debt repayment and/or potential dividends
- Assists managers in the identification, prioritization, planning development, coordination, support, and execution of high impact (immediate and long-term) improvement plans for effective and
- Utilize historical data along with outside input to develop agent schedules so the staffing across the eneterprise will allow the business to meet or excceed service level and performance objectives
- Responsible for the administration and maintainence of the workforce management system
- Maintains monthly location based customer service productivity
- Real-time monitoring of metrics and queues in a call center environment
- Forecasts for all business partners and find solutions for improving metrics, along with making recommendations on how to increase or improve
- Leads projects that will enable their division to continually improve processes by identifying, sharing, implementing the best practices
- Analyzes data using web tools and other Company software and prepares recommendations and reports to drive high-impact process improvement
Qualifications for forecasting analyst
- Knowledge of contact centre policy and procedures bank wide policies
- Minimum 2 years business experience and 1 year forecasting experience
- Bachelor’s Degree from an accredited college or university, preferably in Business Administration, Computer Science, Mathematics or Statistics field
- 5 years of experience in health insurance, finance, or actuarial field utilizing statistics and programming applications
- Experience with data related applications in the PC environment
- Strong expertise in sophisticated financial modeling and forecasting in Excel & Access
5
Forecasting Analyst Job Description
Job Description Example
Our company is looking to fill the role of forecasting analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for forecasting analyst
- Performs variance and trending analysis
- Provides “what-if” analysis and recommendations to improve staffing levels and efficiency, working with Contact Center Consulting to determine best skilling mix and allocations
- BPC Forecast Analytics (Channel/Customer Level)
- Develop robust industry segmentation forecast for multiple markets in regions of the world utilizing quantitative techniques and modeling
- MST Expense Budget and MST Capital Budget
- Evaluate business impact for pricing and inventory decisions, including standard revenue management analyses and cross-Commercial considerations
- Analyze demand, seasonality, customer booking valuation, and other inputs into revenue management system and other commercial processes
- Continuously improve accuracy of data, reporting, and forecasting quality and processes
- Perform adjustments to processes, programs, analyses, systems, and reports to maximize commercial impact
- Develop simplified rules and automatable algorithms for implementation of commercial and programmatic suggestions
Qualifications for forecasting analyst
- Proficient in all Microsoft Office applications, with an emphasis on Excel
- Intermediate skill sets using Merchandise Planning Systems and Microsoft Office applications such as Word, Excel, PowerPoint, Outlook
- Demonstrated aptitude for exceptional analytical, interpretive, and technical thinking
- Ability to develop and enhance new processes, work independently, and interface with multiple levels of management
- Ability to plan, organize and prioritize work assignments in a deadline oriented environment
- One to three years of Contact Center experience