Mar 15, 2022
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Ian Schnoor is the President & Founder of the Financial Modeling Institute. FMI provides products and services to financial modelers, but they’re mostly known for administering three levels of financial modeling certifications. With over 20 years of experience in the financial industry, Ian specializes in financial modeling, valuation, and asset management, among other skills. Ian is also a certified Advanced Financial Modeler, a Chartered Financial Modeler, and a Chartered Financial Analyst.
Ian joins us to discuss what financial modeling is and why it’s critical for expanding a company or an insurance agency. He explains the role of financial modeling in corporate decisions across multiple industries and describes the trends he notices in employee retention. He shares the different skills required to become an expert in financial modeling. Ian also discusses the career opportunities available for those who specialize in financial modeling.
“Almost every critical decision that needs to happen in the world of business should be happening off the back of a financial model.” - Ian Schnoor
Today on Spot On Insurance:
- Ian's professional background and his favorite wine
- Financial modeling amidst the Great Reshuffle
- The trends Ian sees in the training space and volatility in employment
- The definition of financial modeling
- The role of financial modeling in decision making and the insurance industry
- Different soft and technical skills needed to understand financial modeling
- Common pitfalls involved in building financial models
- Why business owners often feel they don't need financial models
- The job opportunities available to those who specialize in financial modeling
- The best way to prove a person's financial modeling skills
- Products and exams they can provide for financial modeling
Key Takeaways:
- A financial model specialist has more than just a few skills as the type of work they do is complex and critical for the growth of a company.
- The best financial model should not be bulky or messy and, more importantly, challenging to understand.
Connect with Ian Schnoor:
This episode was brought to you by…..
Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com.
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