blog/Performance Analyst Job Description

Performance Analyst Job Description

by The EPAM Anywhere Editorial Team
3 min readpublished 01 September 2022updated 26 October 2022

The main role of a performance analyst in the company is to achieve the best balance between the resources involved and the final results of the work. They deal with calculations of both the feasibility and the perceived effectiveness of various strategies and operations. But this is not all that a professional should do. Let's take a closer look at the performance analyst job description and the classic template with requirements, skills, and roles, which will be an ideal assistant when creating a resume or a vacancy.

Performance Analyst Job Description Template

At the heart of a performance analyst job is the creation of programs for evaluating performance and its use. The main goals of the analysis are the desired result of the strategy or campaign, KPI, the advantages and disadvantages of the product, as well as the needs of the target audience. The professional evaluates the final results and makes a verdict on their compliance or non-compliance.

With the expertise of a performance analyst, companies can reduce costs and increase revenue. This is achieved by improving overall efficiency, eliminating unnecessary projects from development, and adding more value-added products.

Performance Analyst Responsibilities

According to the job description, the main list of performance analyst responsibilities includes:

  1. Evaluating results
  2. Checking for compliance with tools for quality control
  3. Conducting performance analysis of different systems
  4. Reducing the risks of possible problems with working systems
  5. Constantly communicating with management
  6. Improving the efficiency of teams to achieve their goals
  7. Implementing global changes in all business policies
  8. Presenting the results of the analysis

The list of duties may vary depending on the company and the qualification level of the employee. We have given only an average set, which is what is found in most vacancies.

Performance Analyst Requirements

To qualify for a job as a performance analyst, a candidate must have at least a bachelor's degree in finance, business, or analytics. Sometimes the job description states that a master's degree in administration and organizational leadership is required. In addition, the professional is expected to meet the following performance analyst requirements:

  1. Minimal coding skills
  2. 2+ years of experience in a similar position
  3. Ability to set up and analyze business indicators
  4. Experience with different financial systems
  5. Ability to analyze various data, products, and systems
  6. Possession of all performance indicators
  7. Ability to work with automation tools
  8. Ability to manage data
  9. Knowledge of various tools for conducting statistics
  10. Advanced knowledge of KPI
  11. Ability to analyze the audience
  12. Ability to work with large volumes of data

Also at the workplace, professionals will have to implement, expand and analyze tools such as Performance Management and Incentive. This requires sufficient experience with these and similar systems.

Roles and responsibilities

The main performance analyst roles and responsibilities according to the standard job description are the compilation of:

  1. Documentation of identified problems
  2. Recommendations for improving work
  3. Recommendations for the introduction of new technologies
  4. Troubleshooting recommendations
  5. Presentations for management and customers
  6. Root cause analysis

In addition, the professional must be able to correctly present the results. This can be done through presentations, graphs, drawings, etc.

Performance Analyst Soft Skills

The performance analyst can work as a stand-alone specialist, but most often, they are a member of a team with marketers, developers, and other analysts. To effectively interact with other specialists, the candidate must have the following performance analyst skills:

  1. Excellent communication skills
  2. Ability to use various communication platforms
  3. Business communication

Additionally, to perform work duties, a specialist may be required to gain new knowledge and study new trends in the IT world. This is essential to ensure that the performance analyst does not lose their competence and stays constantly up to date.