What is a financial modeler?
Financial modeling specialists can review business intelligence, economic data, and market trends to create financial forecasts and reports. Upwork offers access to a variety of financial modelers featuring different levels of experience and compensation levels.
How do you hire a financial modeler?
You can source financial modeler talent on Upwork by following these three steps:
- Write a project description. You’ll want to determine your scope of work and the skills and requirements you are looking for in a financial modeler.
- Post it on Upwork. Once you’ve written a project description, post it to Upwork. Simply follow the prompts to help you input the information you collected to scope out your project.
- Shortlist and interview financial modelers. Once the proposals start coming in, create a shortlist of the professionals you want to interview.
Of these three steps, your project description is where you will determine your scope of work and the specific type of financial modeler you need to complete your project.
How much does it cost to hire a financial modeler?
Rates can vary due to many factors, including expertise and experience, location, and market conditions.
- An experienced financial modeler may command higher fees but also work faster, have more-specialized areas of expertise, and deliver higher-quality work.
- A contractor who is still in the process of building a client base may price their financial modeler services more competitively.
Rates typically charged by financial modelers on Upwork are:
- Beginner: $35 per hour
- Intermediate: $81 per hour
- Advanced: $225 per hour
Which one is right for you will depend on the specifics of your project.
How do you write a financial modeler job post?
Your job post is your chance to describe your project scope, budget, and talent needs. Although you don’t need a full job description as you would when hiring an employee, aim to provide enough detail for a contractor to know if they’re the right fit for the project.
Job post title
Create a simple title that describes exactly what you’re looking for. The idea is to target the keywords that your ideal candidate is likely to type into a job search bar to find your project. Here are some sample financial modeler job post titles:
- Financial model expert needed to refine our models
- Financial forecast consultant wanted to investment firm
- Consultant needed to build financial model for commercial lending firm
Project description
An effective financial modeler job post should include:
- Scope of work: From developing financial strategies to maintaining long-term client relationships, list all the deliverables you’ll need.
- Project length: Your job post should indicate whether this is a smaller or larger project.
- Background: If you prefer experience with certain industries, software, or economic approaches, mention this here.
- Budget: Set a budget and note your preference for hourly rates vs. fixed-price contracts.
Financial modeler job responsibilities
Here are some examples of financial modeler job responsibilities:
- Identify existing and potential financial issues, and propose strategies designed to resolve them
- Remain knowledgeable of current business and economic developments relevant to the client's business
- Manage team of finance professionals and foster a team-oriented environment
Financial modeler job requirements and qualifications
Be sure to include any requirements and qualifications you’re looking for in a financial modeler. Here are some examples:
- Bachelor's degree in finance, business, or accounting
- Minimum five years of related work experience
- Successful track record with an investment banking, commercial banking, or venture capital firm