Overview of the Financial Analyst LEAP Assessment
The Financial Analyst LEAP Assessment is designed to evaluate candidates’ competency in financial analysis, reporting, and forecasting. It measures technical knowledge, practical problem-solving abilities, and role-specific traits through a standardised test, helping hiring managers make informed, data-driven decisions.
Target Audience: Employers hiring for roles such as Junior Financial Analyst, Financial Analyst, Senior Financial Analyst, and Principal Financial Analyst.
Key Features of the Financial Analyst LEAP Assessment
Skills Assessment
- A large question bank of over 1,500 role-specific questions.
- Each question must be answered within 30 seconds.
- Total assessment duration: 15 minutes.
Competency Model and LEAP Scores
Each candidate is assigned a LEAP Score (000-1000) based on their performance:
- 000-200 (Novice): Ideal for Trainees or entry-level roles, focusing on basic financial concepts and data interpretation.
- 201-400 (Experienced): Suitable for Junior Financial Analysts; evaluates financial modelling and reporting skills.
- 401-600 (Competent): Reflects readiness for Financial Analyst roles, demonstrating independent problem-solving and analytical abilities.
- 601-800 (Proficient): Indicates advanced expertise for Senior Financial Analysts, including forecasting and strategic planning capabilities.
- 801-1000 (Expert): Reserved for Principal Financial Analysts, demonstrating strong leadership and high-level financial decision-making skills.
Trait-Based Evaluation
- Conceptual Understanding: Understanding of core financial principles, including financial statements, risk assessment, and valuation techniques.
- Scenario Application: Applying financial concepts, tools, and techniques to solve real-life financial problems.
- Tools, Methods, and Frameworks: Questions are designed to assess the understanding and application of financial modelling tools (e.g., Excel, Power BI) and forecasting methods.
- Regulations: Assesses the understanding of relevant financial regulations, compliance, and accounting standards (e.g., GAAP, IFRS, SOX compliance).
Why Use the Financial Analyst LEAP Assessment?
- Standardized Hiring: Simplifies the evaluation of candidates across varying experience levels.
- Workforce Planning: Helps identify current competencies and career progression opportunities within the finance job family.
- Efficiency: With a short 15-minute duration, hiring managers can quickly assess a candidate’s potential.
- Scalability: Supports recruitment at all levels, from Junior Financial Analysts to Principal Financial Analysts.
- Test Repeatability: The assessment’s adaptive format and large question bank allow for re-administration during face-to-face or video interviews, enabling hiring managers to confidently verify results.
How to Use the LEAP Scores in Hiring
- Novice to Experienced Scores (000-400): Suitable for onboarding entry-level or junior professionals who require guidance.
- Competent to Proficient Scores (401-800): Indicates readiness for mid-level to senior roles requiring minimal supervision.
- Expert Scores (801-1000): Identifies strategic thinkers ready for leadership roles, and capable of driving financial and business decisions.
Ready to Optimize Your Hiring Process?
Use the Financial Analyst LEAP Assessment to gain actionable insights into candidates’ capabilities, ensuring data-driven and efficient hiring decisions