How to Write a Finance Cover Letter (With Example)

By Indeed Editorial Team

Published 29 November 2021

The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.

An effective cover letter can capture a potential employer's attention and improve your chances of getting an interview. It's your opportunity to highlight the finance experiences and skills you have that make you a good fit for the job you're applying for. Learning how to write an effective cover letter can help you make a great first impression on potential employers. In this article, we discuss what a finance cover letter is, explain why it's important and show you how to write an effective finance-related cover letter.

How to write an effective finance cover letter

A finance cover letter is a document that you submit, together with your curriculum vitae (CV), to hiring managers when applying for a finance position. This document can give hiring managers relevant background on your experience, personality and qualifications. It can also give you an opportunity to share why you want to work for the company. A cover letter is usually A4 sized and provides details about how your experience and skills make you the best choice for a finance role.

Here are the steps you can take to write a finance-related cover letter that captures the attention of potential employers:

1. Review the job advertisement

Before writing your cover letter, consider reviewing the job advertisement. A job advertisement usually lists the desired skills or qualifications for the job you're applying for. This can help you determine if you're the right fit for the role. Also, make sure to pay attention to any directions written in the job advertisement. This step shows what materials the recruiters need to evaluate your application.

2. Use a template

A template can help you organise your ideas and write a cover letter that's easy for hiring managers to read and understand. Consider using this career guide as a template or finding one of many options online. Also, reviewing examples can provide you with ideas for what to include and highlight in your own cover letter.

Related: Top 3 Cover Letter Templates (Plus How to Impress a Recruiter)

3. Include your contact information

Start your cover letter with your complete name and contact information. You can format it the same way as your CV so that the two documents go together. Make sure the hiring managers can easily access your name and contact information so that they can reach out to you immediately if they want to schedule an interview or ask questions.

After indicating your own details, write the complete details of your recipient to make it clear exactly where you want your letter to go and ensure that the hiring manager sees it. Also, consider including the current date in your letter. This can help the hiring manager determine when you applied for the job.

Related: A Guide on Addressing a Cover Letter Appropriately

4. Include a greeting

To make your letter feel personalised, consider including a greeting. Find the name of the hiring manager who reviews all applications for the job. You can browse the company's website or contact them directly to ask who's reviewing your cover letter and CV. Make sure to address your cover letter to this person using a common business greeting, such as Hello or Dear.

By addressing your cover letter directly to the hiring manager, you can demonstrate that you're a dedicated candidate who took the time to learn more about the job. If you can't find the name of the company's hiring manager, consider addressing your cover letter using a greeting like, To whom it may concern.

Related: How to Structure a Cover Letter (With Example)

5. Provide employers with background information

Consider including two to three concise main body paragraphs in your cover letter. You can provide relevant background information in the first paragraph. Introduce yourself and describe who you are as a professional. You can also mention some of the relevant experience outlined in your CV. Make sure to describe how you learned about the job and why you're interested in the open position.

You can also discuss your educational background, along with any relevant work experience that can back up your application. Although your CV usually repeats this information, indicating it in your letter can help the hiring manager determine immediately why you're a good fit for the position. Also, consider listing your experience or skills in using a particular computer application, as this is one of the important aspects of working in the finance sector. Tell the hiring manager what computer application you've used in your previous job or new skills you're interested in learning.

Related: Q&A: How Long Should a Cover Letter Be? (With Example and Tips)

6. Discuss why you're interested in finance

In the next paragraph, explain why you're interested in working in the finance industry. Explain why your skills are suitable for the role and demonstrate that you're genuinely interested in getting a job in finance. If you have little experience or graduated recently, consider telling the hiring manager what motivated you to choose finance as a career path. Including some personal information can make your cover letter more memorable to a hiring manager who might be reviewing dozens of job applications a day.

7. Mention why you're interested in working for the company

In your last paragraph, summarise the reasons you're applying for the position and why you would be a great fit. Use this part of your cover letter to express your genuine interest in the job. Personalising your letter can show hiring managers you took the time to learn more about the company and have thought about the position carefully. Understanding the position and the company you're applying to can help you write a cover letter that sets you apart from other candidates and makes it easy for hiring managers to envision you in the role.

8. Conclude your cover letter

Before signing off, conclude your cover letter with a positive statement. You can tell hiring managers you're eager to share more about your background or you're looking forward to hearing from them. If necessary, use this section to indicate your availability or preferred contact information.

Related: How to End a Cover Letter in 8 Steps (With Examples)

Cover letter template

Here's a template you can use to help you write your own cover letter:

[Your full name]
[Contact number]
[Email address]

[Hiring manager's name]
[Name of the company]
[Address of the company]

[Date of writing]

Dear [Hiring manager's name]

[Paragraph 1: Introduce your background and relevant work experience].

[Paragraph 2: Mention why you're interested in working in the finance sector].

[Paragraph 3: Indicate why you're interested in working for the organisation].

[Paragraph 4: Thank the hiring manager and share your contact information].

Best Regards,
[Your name]

Cover letter example

Here's an example of a finance-related cover letter using the above template:

Stanley Zhou
Flat 25, 12/F, Acacia Building,
150 Kennedy Road,
Wan Chai,
Hong Kong

David Chan, HR supervisor
BahoBilat Associates
182-190 Tai Lin Pai Road,
Kwai Chung,
Hong Kong

Dear Mr Chan,

My name is Stan Zhou and I have a bachelor's and master's degree in finance from City University. With a strong academic background in finance and three years of work experience in financial analysis and advising, I'm writing to express my interest in working as a Finance Stream Lead at BahoBilat Associates.

During my three years at Charurut Financial, Inc., I was part of a team that oversaw and managed the investments of about 70 HNI clients, with a total AUM that exceeds $100 million and an average annual GDC of more than $600,000. My job involved both advising and analysis (forecasting), with an approximately 50-50 split. Based on the analysis I have conducted for each client, my team and I came up with financial strategies suitable for the client. My team then acted on the strategies or advised the client.

During my third year at Charurut, I was also responsible for overseeing and mentoring three junior analysts. Their training and continued success validate my managerial skills, which I'm excited to put to good use at your company. I performed most of my analysis at Charurut using their proprietary software packages, in conjunction with SQL and Excel. Since I have a deep understanding of the fundamentals of financial analysis, my abilities are very transferable. I can easily adapt to the software environment at BahoBilat Associates with little training.

Since your client base is comparable to the one I have handled in my previous role, I'm confident that I can manage your team effectively. I'd like to share more about my work experience and the value I can bring to your company. I'm available for a job interview tomorrow. Please inform me when we can meet.

Respectfully yours,
Stanley Zhou

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