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Can I File a Legal Malpractice Lawsuit Against My Bankruptcy Attorney?

Bankruptcy is a very serious, and complicated, legal matter that affects the person filing the bankruptcy for years to come. If an individual retained the services of a bankruptcy attorney and believes that the attorney did not perform his job according to the standards required by the legal profession, then the client may have the basis for a legal malpractice lawsuit against the attorney.

What Is Legal Malpractice?

  • Legal malpractice is a negligent tort claim. Torts is the area of the law that deals with injuries — physical, financial or emotional — to a plaintiff, or victim. All negligent tort claims are based on four basic elements — duty of care, breach of the duty of care, causation and damages. In a legal malpractice case, the plaintiff must show that the attorney breached her duty of care to the plaintiff. In an underlying bankruptcy case, the plaintiff will need to establish the standard of care required and then prove that the attorney breached that standard, or duty, of care.

Causation

  • The plaintiff in a legal malpractice case must show that the damages she suffered are actually a direct result of something the attorney did, or failed to do, while representing her. In a bankruptcy case, for example, let’s say the plaintiff was required to relinquish her home to the court to pay her debts. If she would have lost her home regardless of anything the attorney did, then a minor mistake made by the attorney will not qualify as malpractice. On the other hand, if an attorney failed to claim an exemption on behalf of the plaintiff that would have allowed her to retain her home, then that might be considered causation for the purpose of a legal malpractice lawsuit.

Damages

  • “Damages” is the legal term used to refer to monetary injuries sustained by the plaintiff. In a legal malpractice action against a bankruptcy attorney, the plaintiff will need to prove that he suffered an actual financial loss as a result of the attorney’s negligence, or malpractice. Simply showing negligence without any real financial loss will not work.

Procedure

  • In order to initiate a legal malpractice lawsuit against a bankruptcy attorney, a plaintiff should first be aware of the statute of limitations in the jurisdiction where the alleged malpractice occurred. Statutes of limitation will vary by state but may be as short as one year from the date of occurrence. A potential plaintiff who believes she has a viable malpractice claim should consult an attorney as soon as possible. A legal malpractice lawsuit is filed in the same manner as other civil lawsuit by filing a complaint against the attorney. If the plaintiff wins, he will be awarded a monetary judgment against the attorney.

Do You Pay a Retainer Fee Up Front With a Bankruptcy Lawyer?

Paying a retainer fee upfront for a bankruptcy lawyer is standard practice. Generally, lawyers will not begin any work for the client or consider themselves the client’s legal representative without receiving some form of payment. Bankruptcy lawyers are particularly careful about the payment fee structure because their fees must be disclosed to the court. The upfront fee payment varies depending on the lawyer and the amount of work required to successfully handle the case

Carefully review the bankruptcy lawyer's retainer agreement before paying retainer fees.

Consultation

  • Set up initial consultations with different bankruptcy lawyers. Many bankruptcy lawyers provide free initial consultations with potential clients. Find out if there is any paperwork that should be brought to the meeting or any forms you need to fill out beforehand. The more information the attorney has regarding your financial situation, the easier it will be for him to provide an estimate of the legal fees he will charge.

Retainer Fees

  • Ask the lawyer to explain the difference between the retainer fee and total amount of attorney fees for the case. Discuss the amount of the retainer fee, the type of work the attorney will start to perform once he receives the fee, and acceptable methods of payment. Some attorneys may require a small retainer fee upfront to start fielding calls from creditors and start collecting documents needed for the bankruptcy case. Attorneys may not begin working on the case until they receive a substantial portion of the total fee. Find out the attorney’s refund policy before giving him any money. It is advisable to know how much money you will get back if you decide not to file for bankruptcy or if you decide to change attorneys.

Payment Plan

  • Bankruptcy lawyers know that many people interested in bankruptcy do not have enough money immediately available to pay for legal services. Talk about the possibility of setting up a payment plan to cover the retainer fees and any additional fees associated with the case. Provide full disclosure to the attorney regarding any pending lawsuits, wage garnishments or foreclosure proceedings that may occur. Those facts could affect how soon payment must be received to file the case and start bankruptcy proceedings.

Retainer Agreement

  • Carefully review the retainer agreement after choosing a particular lawyer. The retainer agreement should provide a breakdown of each fee amount, what it covers and the legal services the lawyer will provide during the case. Make sure the payment terms included in the retainer agreement directly reflect the arrangements discussed with the lawyer. Maintaining clear communication with the lawyer will help prevent any future misunderstandings.

How to Change Attorneys in Bankruptcy

Deciding to change attorneys in the middle of a bankruptcy is a serious decision. You should try to address and resolve your concerns with your current attorney before you start looking for a new one.However, if your current attorney doesn’t return phone calls or respond to emails, if she makes important decisions regarding the case without consulting you, if she loses documents previously submitted or doesn’t meet court deadlines, you may have no other choice but to find a replacement.

Instructions

  1. Interview attorneys to find the right replacement. Set up appointments where you explain your current situation and the problems you have with your current attorney. Respond to the questions the attorney asks regarding the status of your bankruptcy case. The new attorney will want to get as much information as possible to ascertain if he can provide you with the help you need. Choose a bankruptcy attorney who is patient and willing to respond to any questions or concerns you may have.
  2. Discuss the attorney’s fees for taking on your case. Find out how soon the new attorney can begin working on the case, and work out payment arrangements. You want to ensure the new attorney will have the time and resources to properly handle your case at its current stage within the bankruptcy process. Sign the retainer agreement, which should state exactly how much the attorney will charge and include an explanation of the legal services the attorney will provide.
  3. Inform the old bankruptcy attorney in writing via email and a mailed letter that you will no longer need his services. Let him know that you have retained new counsel to handle your bankruptcy case. Request that the attorney forward all of the paperwork you provided to him and any documents he received from creditors, the trustee or bankruptcy court to either you or your new attorney. Provide the mailing address where the paperwork should be sent. You can speak with the old attorney about your decision to terminate the attorney-client relationship, but you should also notify him of your decision in writing.
  4. Contact the newly hired attorney and inform him that the old attorney has received written notification of the termination. The new attorney can draft a motion to substitute attorney or draft a stipulation to substitute attorney. The old attorney also has the option of filing a motion to withdraw as legal counsel with the bankruptcy court. The requirements for the information and signatures that need to be included in a motion to substitute attorney or a motion to withdraw may vary for each district. Speak with your new attorney to find out which documents need to be submitted to the court, and which documents you need to sign to notify the bankruptcy court of the attorney change.
  5. Check with the new attorney about if or when the bankruptcy court will approve the attorney change. If the bankruptcy court approves the substitution, the court docket will be updated with the name and contact information of the new attorney. Any documents or notices from the bankruptcy court, bankruptcy trustee and creditors will be forwarded to your new attorney from that point on.

How to Choose a Bankruptcy Attorney

Bankruptcy is a huge step and it’s probably going to have some effect on your life for years to come. It’s definitely not the kind of legal proceeding you might try to handle on your own. But if you’re considering filing for bankruptcy, you probably don’t have a lot of cash on hand to waste on the wrong lawyer. This makes finding the right one critical

An attorney and two prospective clients.

He Specializes in Bankruptcy

  • There’s an old saying that you wouldn’t hire a dentist to remove a brain tumor, and the same idea applies to different areas of the law. Some lawyers dabble in all sorts of cases, but true expertise usually requires specializing in a certain area. An attorney who works mainly — or only — in bankruptcy law will be familiar with your state’s laws; more importantly, he’ll have a track record with your area’s bankruptcy trustees. He’ll know their quirks and how they’re likely to react in certain situations, and this can be invaluable. An attorney who handles mostly Chapter 7 bankruptcies might not be the best choice if you want to file a far more complicated Chapter 13. Likewise, it makes no sense to pay a Chapter 13 lawyer — who will usually charge more — to handle a simple Chapter 7 proceeding.

He’s Accessible

  • As your bankruptcy case progresses, you’re going to have a lot of questions. Some attorneys are more available to their clients than others. It’s normal that you’ll probably spend a lot of time with your lawyer’s paralegal, but sometimes you’ll really need to speak with the attorney himself. When you call his office the first time, ask to speak with him so he can answer a question or two. You probably won’t be put through to him because if he’s as good as you need him to be, he’s most likely in court or with another client. The key is whether he calls you back, and, if so, how long it takes him to do so. The norm he exhibits with a potential new client speaks volumes about how accessible he’ll be after you’ve paid him and your case is underway.

You’re Comfortable with Him

  • Filing for bankruptcy involves disclosing intimate, personal details of your life and finances. On top of that, you may be scared and stressed. If you’re the type who needs a lot of hand-holding, retaining a bankruptcy lawyer who is gruff and all business probably won’t suit your needs. Even if he’s the perfect choice in all other areas, your selection might turn an already difficult situation into an ordeal.

Cheapest Isn’t Always Best

  • Because you’re already low on funds, the cost of hiring an attorney is of paramount importance. Here’s the good news — the bankruptcy laws in most states cap the amount a lawyer can charge you for bankruptcy proceedings. Be wary of super low fees — this might indicate that the lawyer has so little experience, he doesn’t realize he’s entitled to more. He may be desperate for a client — any client, in any area of the law. By the same token, if your bankruptcy is very simple and you have few assets to protect, you should expect a lawyer to charge you less than he would for a more complicated case. Bankruptcy attorneys usually charge a flat fee, but if a creditor objects to some aspect of your case and you end up in court, you’ll probably have to pay more for this service. It doesn’t happen in most run-of-the-mill bankruptcy proceedings, so it can’t be anticipated when the lawyer first quotes you a fee.

What Is the Job of a Currency Analyst?

A currency analyst performs basically the same jobs as a financial analyst. However, these individuals specialize in making predictions about the value of foreign currencies compared to the U.S. dollar

Currency analysts must work with many foreign currencies.

Education

  • To be a competitive candidate for a currency analyst position, you must first possess a bachelor’s degree. Typically this degree should be in international markets, finance, statistics, business, accounting, economics or another relevant field. Other recommended areas of study include risk management, options pricing and bond valuation.

Skills

  • Currency analysts must be able to think analytically. Additionally, they must have thorough computer and problem-solving skills. These professionals need to be able to work well alone but also need to have strong communication skills and be confident making presentations to large groups. They must pay strong attention to detail, be interested in foreign economies and be research-driven.

Duties

  • Currency analysts often work with other financial officers to predict the prosperity of foreign markets and the value of foreign currencies compared to the dollar. This can help determine risk management for a company, potential investments or merely aid them in making business decisions that involve overseas production. Based on their research, currency analysts will typically make presentations about their findings and then make suggestions for action. Often they help lead these initiatives if the company or client takes their suggested plan of action.

Work Environment

  • Most currency analysts work in comfortable office settings. Typically they have access to information services and high-tech computer systems. At times they are required to travel to financial meetings to speak or simply attend. According to the U.S. Bureau of Labor, people holding this position often work long weeks of 50 to 60 hours.

Salary

  • According to Payscale.com, the average currency analyst brings in between $44,120 and $63,100 per year. This equates to an hourly income that ranges between $12.21 and $36.32 per hour. As with all salary information, however, these figures can vary based on geographic location, employer and years of experience.

 

 

Finance Job Interview Questions & Answers

Careers in finance span a large number of positions, in commercial banking, financial planning, private equity and more. As you prepare for your job interviews, practice possible questions and answers to help you compose yourself. You'll formulate the best answers before your finance job interview so you can get the career you want.

Finance careers work with money and mathematics to help corporations, small businesses and individuals.

Biography

  • “Tell me about yourself.” This is often one of the first questions a hiring manager will ask during an interview. Although it may seem personal, a potential employer doesn't want to hear your life story. Instead, tell him about yourself as it relates to a career in finance. Briefly list your college education and the positions you've held recently.

Experience

  • “How has your education prepared you for this career?” Employers want to know that you are proficient in the various math principles involved in financial careers. List the classes that you took that can help you with the job position. Spend time discussing the subjects that you excelled in over all others. If you had a 4.0 grade point average in advanced accounting, mention this to the hiring manager.

Objective

  • “Why have you chosen a career in finance?” Avoid answering this question with a personal anecdote. Show your enthusiasm for the career with your answer. Even if you got into finance because your parents made you, it's best to leave this out. Example: “My love for numbers and organization led me to an education in investment banking. I've wanted this as my career ever since.”

Positive Attributes

  • “What are your strengths?” Limit your answer to one or two examples for this classic interview question. Explain your strengths in finance, such as attention to detail or multitasking. Tell a brief story of how you used it in previous finance positions. Don't list more than two strengths as this may be perceived as over-confidence by the hiring manager.

Negative Attributes

  • “What are your weaknesses?” Never say that you have no weaknesses in answer to this question. Instead, tell the hiring manager of one weakness. Pick a weakness that could be acceptable to a potential employer. Also list how you're working to improve that weakness. Example: “I sometimes find it hard to concentrate toward the end of a long day working on client financial accounts. I've since started going for a five-minute walk outside during my lunchtime and that helps to keep me focused.”

Goals

  • “Where do you see yourself in 10 years?” Although you may want to retire or work for a different company in 10 years, leave this out of your answer. You should also avoid saying that you want the interviewer's career. Instead, mention how you still want a career in finance. Example: “I'd like to hold a high position in corporate finance in 10 years, using my skills with math and corporate accounts.”

 

 

Debt Myths and Realities Explored

For many people in the UK, confronting debt it is a difficult, challenging issue. With much misinformation swirling around online, how do you sort the debt myths from the hard facts? Here are the top five myths which could be getting in the way of the realities.

Debt Myths and Realities Explored

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A Little Myth-Busting

”I Have to Pay for Debt Advice”

In fact, there are lots of services which offer advice for free. The National Debtline is an independent charity run by trained counsellors, and has a free, confidential helpline.

“The Quickest Way out of Debt Is to Go Bankrupt”

Bankruptcy is no quick fix. With paperwork, court hearings and financial assessments to go through, this can be a traumatic and prolonged experience and you could be tied into an Income Payments Order for years to come.

“My Debts Will Be Wiped off in Six Years If I Ignore Them “

Don’t bury your head in the sand. This myth stems from the Limitations Act which suggests denying your debts will mean your creditors have to drop their claims after six years. Unfortunately that’s just not true.

“Making Minimum Payments Is a Good Way to Clear My Debt “

It may be the only way you can manage, but paying just the bare minimum means you’ll barely be servicing the interest on your debt. It’s best to pay as much as you can, as often as you can if you want to get clear, but do seek guidance from an organisation like Citizens Advice if you’re not sure of the best way to proceed.

Government legislation can write off debt

Sadly there’s no law to write off all your debts. The only way to write it off is with an Individual Voluntary Arrangement, or IVA. Under this system you can make a lump sum payment or staggered payments through an insolvency practitioner, giving you a tailor-made repayment plan. Rising debt is causing more people to look at an IVA from Carrington Dean and others in an attempt to clear debts in a more structured and manageable way.

Knowing Your Facts is Half the Battle

Debt can be frightening at the best of times, without all the myths which muddy the waters. It doesn’t have to be – simply by knowing the facts, you’re already well on the road to recovery.

Taking the help of Financial Advice

Free financial advice in the UAE is required by everyone who is actually in the need for basic things to consider. Well for almost all having the right choice of advisors will save you from being scammed at any point. As a matter of fact this will come out to be a great help of yours.

If you invest any energy attempting to find out about the stock market, you realize that there is a considerable measure of advice out there. Turn on the financial news systems, read the books and articles, or converse with contributing companions and you realize that one thing is without a doubt: Despite the fact that financial advice is plentiful, great financial advice is elusive. How about we take a gander at how you can filter through this advice to discover something that is valuable.

The Objective of taking advice:

It is vital that you recognize your short-term, medium-term, and long haul objectives as right on time as your twenties. Transient objectives more often than not contain your wedding, furniture, an auto, and so forth. These typically keep going for a long time or less. Medium-term objectives are comprised of owning your own home, and your youngsters’ instruction.

Long haul objectives are your ventures and retirement. You can make utilization of an online number cruncher keeping in mind the end goal to discover the sum you have to spare month to month so you can accomplish your objective inside of your set time span. It will likewise spending plan for your objectives the length of you don’t relinquish one for the other in cases of international investing.

Why to Take Help:

One of the significant territories of improvement and modernity has been that of benefits arranging. By and by, free financial advice will be vital to guaranteeing that you take advantage of your money for the longest conceivable time. Whether it is advice and direction on individual benefits, annuities or finances on retirement, conference with a specialist will pay profits. Stories are adapted towards holding your consideration and therefore, they are regularly over sensationalized. Listen and assess the financial media yet be extremely cautious about settling on venture decisions exclusively in view of these stories. Some media identities will demonstrate a demonstrated reputation after some time. On the off chance that that is the situation, stay with them. Perused their online journals and spotlight on what they say. You don’t, and most likely shouldn’t, read everything.

The Other facilities:

It will help you to advantage in the stock market for your medium and long haul objectives. Simply remember this is an unstable market and is not for the strength of heart. It is an unfavorable speculation for your fleeting objectives. You can likewise discover from your boss on the off chance that they have a duty conceded retirement arrangement. If they have it, you can exploit it. Whatever commitments you will make will be profited, and the charges on income will be postponed until you pull back them upon retirement.

Who gets the best deal for the car insurance?

This is the question which can be pretty confusing to understand as looked on the first see. Often the customers are mindful of the fact that the insurers are nothing but playing with the money the insurers have. One can say, it is obviously a best deal for the insurer who makes humongous profit out of the money of the investors who invest and pay premiums. Economics of the less interesting topics like insurance are often ignored by a layman, so much that many times the only knowledge about the car insurance is limited to only the premiums and the benefit at some end of the threshold period. Lot of car drivers or vehicles drivers are not even aware of the third party liability cover hence many of the vehicles go uninsured. So who actually gets a good deal of your car insurance?

Of course the answer is straight forward and it is the insured. Yes, the car insurance can well be a best deal for insured among all the involved parties. It is said that money sounds the best when one needs it desperately. So insurances basic aim is to provide good one time cover to the insured when there is a need of it. The time doesn’t come on orders, we cannot be ready for emergencies be it health life or car. The car insurance is the best way can be 100% sure at any point that we are able to handle emergencies, Insurance is a sigh of relief for many, ask the customers who really needed to use that. Plus if we are talking about the zero depreciation cover it is the best thing that can happen to a car insurance user. Zero depreciation cover does not deduct the amount for the deterioration of the car goods and other parts, hence the user get to claim the original proposed amount at any point of time. This is the advantage for a car insured. Now there many additional assistances that are given to the car insured are just a thing as a bonus, only if a user knows the every bit of how and when to use it. The insured can be pretty relaxed over any random obstacle even as failures during the road trips or the fuel assistances in the middle of the journey. There are little things to know before you use your insurance policy plan to its 100%.

This is how we can be assured and can safely agree that the insured is the one who gets the best deal out of the car insurance policies, not any company covering the insurance or government per say. So the insured can be pretty sure that every plan is there to benefit him/her to the full extent and whom also the government also works, of course the people of India. Be it a tax concession or all the assistances given to the people with the car insurance. One cannot forget the third party cover which well could be for you from the other person holding the insurance.

Mistakes You Need To Stop Doing In Foreign Exchange Trading Right Now

Foreign currency trading is not a game of averages. It is not a business where there is an assured rate of return either. It is more of a strategic business with high market dynamics involved. Mistakes are bound to happen, often inadvertently and sometimes due to ignorance. Most beginners tend to follow trends blindly and end in financial dead ends where their investment will have eroded in value. Take for instance these common mistakes in foreign exchange trading.

Over-reliance on market news and rumours

Not everything that comes on the internet and news scroll is worth believing. Often, they are blind prejudices of the news company and their own perspective about what could happen in the market in short-term. Unless it is warranted by industry experts and research analysts, do not attach any value to it. Rely only on information from credible sources that are known for their veracity.

Exceeding risk appetite

Every investor has his or her own risk appetite. Risk appetite is the maximum risk that they can afford to take in a given market scenario. Most often it is the investment that they have made in the business. Although the currency exchange business calls for extensive risk taking, such risks should be calculated and within the risk threshold. Exceeding risk appetite can lead to devastating results if the market fails to turn up with returns as anticipated.

Having unrealistic expectations

Like in any business, the foreign exchange business also requires an investor to set measurable goals. However, having unrealistic expectations and betting very high investments in a currency can lead to losses.  It is better to avoid investing in currencies about which one does not have much in-depth knowledge. For instance, to trade in US dollars, one must have certain degree of understanding of how the US economy works, what Federal reserve means and how its decisions can impact a trader’s profitability.

Blindly trusting the broker

Brokers are professionals who help investors make appropriate investments. They share a fiduciary relationship with their clients. Although they are not responsible for making profits all the time, their decisions play a pivotal role in overall profitability. Ask yourself these questions before engaging a broker for currency exchange trading:

  • Does he have a state license/permit for conducting currency trade?
  • Is he professional certified?
  • Extent of trust and reliability?
  • Experience and track record of serving clients

Make sure you avoid these common currency trading mistakes in your routine. Avoiding them will definitely add to your long-term profitability.

Stop Operating In The Dark And Start Blooming In The Future

It is becoming necessary for every business owner to maintain a record of all the financial insights and the cash flow. This ensures smooth working of the company and success in all terms. You are also well aware of all your company’s financial details and its profit ratio. With this, you can maintain an environment that helps your company in a proper way, and also to reach great heights.

Let us now see the statements that you should maintain regularly in your company –

  • Income statement

This can also be called as profit-loss statement. This shall give you a total review of your business by highlighting the expenses and the revenue. You shall enter the business profitability trend with these details.

  • Balance sheet

Balance sheet involves all the liabilities, assets and net equity. In other words, this sheet is a snap of your financial health. An income statement gives information for certain time period while the balance sheet is a summary according to the given date.

  • Cash flow statement

This statement fills the picture drawn by income statement and balance sheet. This lets you know whether your cash rate is faster or slower. You can also tally your overall cash flow, all the sources, total spending including assets and others.

Importance of financial statements

Financial statements are a roadmap for business. You shall be able to raise the issues and address them, once you know the cash flow and profitability. All this information also helps during business plan presentations, besides the growth and survival of business. You can show your financial health to investors and banks for improvement or help. These are actually business tools for running a healthy financial organization.

Let us further see certain things to be kept in mind while projecting profits during startup –

  • Take a round all over
  • Money can make money
  • Focus by breaking even

At early business years, owners get too optimistic about the profits, but one should expect the realistic. Various industry standards can be checked online and you can know what to expect. This does not mean that industry standards define your company, but you can get an average nature of the company. This shall be a good guide overall.

Professionals like Darcy Bookkeeping & Business Services can help you in the best possible ways. They can help you reach a realistic profitable margin and goals.

It is expensive starting a new business and any ventures. Early years may be costly for getting the round off of profits, but you need not worry. This is a positive sign towards growth and success. Appoint a professional, maintain your accounts and spare the profits for future. This will pay off your needs.

Concentrate on breaking even at the start. This shall be your goal before profit. However this needs patience, hard work and time. At the start, you depend on investors, loans and off course your own investment. Later you need to depend on profits and thus, it is necessary to have a bookkeeping professional service to avoid any early losses. This shall help your company grow and also for better achievements, and you can reach unrealistic profit projections.

Basic Tips for overcoming the market

In this stock market guide fundamental analysis involves looking at any data, besides that can be expected to impact the price or perceived value of the stock. Fundamental analysis focuses on creating a portrait of the company, identifying the value of its shares and buying or selling stock based on this information. Performing fundamental analysis can be a lot of hard work. By taking the trouble to dig into company’s financial statements and assessing its future prospects, investors can learn enough to know when the stock price is wrong. These investors are able to spot the markets mistakes and by doing this can make large amounts of money. The biggest reason for this is that by purchasing companies based on intrinsic, long term value you are protected from the dangers of day to day market fluctuations.

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At that point, you need to consider the venture devices and methods offered by the online stock market guide. These are critical in the investigation of the stocks under thought since then you can settle on choices taking into account quantitative variables. Obviously, if the site additionally offers market and organization research, you might then add one point to support its since subjective investigation is presently conceivable. A better way to go for stocks and trading is certainly with the help of Coca Cola Stocks. So follow the steps to get more!

 

  • Presently a standout amongst the most imperative stock market tips I can give you is to keep on letting that capital base develop. That way, regardless of the fact that the greater part of your ventures come up short, you won’t be endangering your past benefits. As a general stock market tip, never chance more than 3% of your portfolio on any one trade.

 

  • You ought to likewise be furnished with instructive assets to extend your insight. Despite the fact that the fundamentals of stock ventures have changed little in the previous decades, the Web has reformed a significant number of the ways that we work together in the stock market. It will help your benefit objective when you can simply be overhauled with the most recent data.

 

  • What’s more, obviously, it additionally pays to pick an online stock aide with a decent notoriety in its specific industry. Once more, the Web makes it simple to make a few inquiries, to peruse surveys and judge the benefits of the webpage all alone.

 

  • In any case, you should understand that an online market aide is just comparable to the way you utilize and apply its proposals, apparatuses and strategies. These things that the site offers will be to no end if and when you neglect them for taking after your gut nature every last time.

 

  • In this way, when you go over an exhortation in the site, you should consider its benefits and negative marks and after that figure out whether it is pertinent to your speculation procedure. At last, you will pick the way taken in the stock market with the aide as a guide.

All You Need To Know About Commercial Truck Financing And Factors Affecting It

If you are looking forward to find out about a commercial truck financing rates then you must be definitely facing some difficulty. Well, the reason behind this is that most people who run financing companies have realized a bitter fact that if you tell people how much exactly the financing will cost they will simply avoid to approach you.

So, instead, owners of financing companies usually lie about the amounts of down payments and payments. As soon as, they get to know your credibility, they give you appropriate information.

From the point of borrower, if you don’t get proper information directly then will you possibly plan your business? Here we have listed a couple of details which will help you get a clear idea of how commercial truck financing works and how you can acquire one even with a bad credit history.

What you buy makes a lot of difference:

The first thing that you need to clarify is exactly what are you financing. For instance, many financing companies will not be interested in offering a deal for long haul trucking while other may be specializing in them. Also, if you are buying a semi-tractor with dump trailer and are going to use it for local dump trucking jobs, the deal will be completely different.

Furthermore, some companies will only be financing trucks which are 10 or fewer years older while some may even finance trucks, which are more than 15 years older.

In simple words, depending on the type of truck you are buying and the way you are going to use it makes a lot of difference on the type of options you are offered.

Bad credit is equal to high down payment:

There is no doubt that your credit matters a lot for attaining loans but the scenario for bad credit semi truck financing is a little different. Your credit will certainly determine whether you qualify for financing or not, but moreover it will determine how much down payment you will have to pay.

Bad credit as well as less money to pay against down payment indicates that there are less chances to find a financer, who will be interested in funding your project.

Factors which can make your down payment amount higher:

  1. You are completely new in business
  2. You have a poor credit
  3. You are buying truck from a private party
  4. You declare you have very less cash reserves
  5. You are buying an extremely old truck

If you are not in a state to pay the down payment as demanded by the financing company, they will still make you an offer. However, the thing is against this low amount of down payment they might ask you to buy only from a genuine dealer and nowhere else. Also, you cannot pick a very old truck. This is because they are putting in some extra risk in the deal and thus they make sure they are as much secured as possible.

Hopefully, this guide has given you enough info about the factors involved in securing a commercial truck financing.

A Guide On Use Of Software In Trading Forex By XFR Financial Ltd

Forex trading software are today allowing investors and traders to trade in forex without too much of a hassle. By automating money, entry and exit management rules, such software as these are making it easy for people to trade from the comfort of their homes as computers execute and monitor all trades. The beauty of this advancement is that it not only eases this process, making it easier for almost anyone who has a XFR Financial Ltd account to trade, but also presents many benefits to both novice and veteran traders.

The Value Of Software At XFR Financial Ltd

In the trading world, such software are also known as automated trading systems, mechanical trading systems, automated trading software, system trading software, and algorithmic trading software and allow traders to institute specific trade entry and exit rules which, once encoded, can be executed automatically by a computer. Trade rules can be based on very simple condition like moving average crossovers, to more intricate strategies that require an excellent understanding of programming languages specific to a user’s trading platform. Often, automated trading systems will require a software that’s connected to a direct access broker, and all the appertaining rules have to be written in the platform’s unique programming language.

The use of software in trading forex at XFR Financial Ltd comes with benefits, and it is some of these benefits that we are going to be looking at.

The Benefits Of Using Forex Trading Software

By automating the forex trading process, such software help traders keep their emotions in check. As a result, it becomes easier for traders to stick to their trading plans since most orders and trades are automatically executed once the trader sets his or her trading rules. At the same time, trading using an automated forex trading software comes in handy as it helps keep those traders that are likely to overtrade from doing so.

Preserves Discipline

Since trade rules are already established, and the execution of trades is automatic, trading discipline is maintained even in the most volatile markets. Most traders often lose their discipline when emotional factors like the desire to make a little extra profit from a trade or the fear of taking losses gets the best of them. Since trading software are fully automated, they help ensure that discipline is upheld as they only stick to the laid out trading plan. In addition, pilot errors are minimized; meaning there is a 0% likelihood for such a system to make incorrect entries.

Consistency

When it comes to trading, one of the biggest challenges XFR Financial Ltd traders face is planning a trade then trading it. Even if a trader’s trading plan has the potential to be profitable, but he or she ignores the rules, then he or she alters any expectancies the system would’ve had. The truth is that there isn’t a trading plan that wins all the time. With this realization, it is crucial that the trader accepts the fact that losses are unavoidable when it comes to trading. Since losses can be emotionally and psychologically traumatizing, a trader who experiences two or three consecutive trading losses might just decide to skip on the next trade. Now, if this trade was to be their winning trade, then the trader ends up destroying any expectancies the system had. Automated trading using a forex trading software allows traders to be more consistent by following through their trading plan.

The above are just some of the benefits associated with using trading software to trade in forex. Other benefits include improved order entry speed, ability to backtest, and diversified trading amongst others.

7 Features of a Business Credit Card

Credit card can be one of the important assets for any business man today. Many credit card companies offer customized credit cards for the business professionals assisting their business needs. Though business credit cards enter into the market with different features, some are most common.  The current article targets on listing down some of the common features of business credit cards.

Reward points

As a business professional, your spending on the business card will be high. You should choose the card that offer good reward points on your spending. On business cards, you will get discount on anything from air miles to office supplies.  You should check the lifetime of these reward points before you pick the card for your business.

Interest rate & annual fee

When it comes to interest rate and annual fee different commercial credit cards have different rates. Some cards will not have any interest rate but, the annual fee on these cards would be quite high. If you choose to go with the cards will lower annual fee, you are bound to pay the interest for the balance in your card.

Balance transfer

This is one of the best features that offer great benefit to the business professionals. You can lower down interest rate on credit card balances by transferring the balance from the card with high interest rate to the card with lower interest rate. Few business cars do offer 0% APR on balance transfers for specific duration as introductory offer.

Credit limit

Every commercial credit card comes with the credit limit. One cannot exceed this credit limit during credit card cycle. This limit varies from business to business and it is calculated based on its income generating capacity.

 

 

Unlimited transactions

Business owner has to handle many financial operations in a day. The credit card companies have no restriction on the number of transactions done in a day unless you don’t exceed credit card limit. Some companies may levy extra charges if you exceed your credit card limit. You should speak to the company and have information about the extra charges that you may be unaware about.

Multiple cards

Youmay want to handle all the business purchases with the credit card. If your employees are responsible for purchasing goods for the business, you may have to interfere each time the purchases are made. This may create a tough situation. Making these types of scenarios hassle free, credit card companies are offering multiple cards so that employees can assist you in making purchases. All your monthly expenses of all cards are put in a single statement so that you can track them easily. Most of the companies also assist you will daily online reporting with your purchases and you can easily monitor your spending.

Savings

Apart from business transactions, some companies like gemvisa.co.nz do offer discounts on your personal spending like food, gas, medicine and other purchases too. Though very few business credit cards have this feature, choose these types of cards to maximize your savings.

Forex Calculator- An Important Tool For Trading With XFR Financial Ltd

As an active Forex trader you have to perform calculations for your Forex trading. In this regard a Forex calculator is very helpful and traders have to take help of a calculator for better trade. The important things you have to calculate when trading Forex at XFR Financial Ltd are the currency prices, position size, Fibonacci retracements, margin, pip and pivot points.

Different forms of Forex calculator

A Forex calculator is available in different types of forms depending upon the use it provides. The various examples of Forex calculator types are – Forex currency converter, Fibonacci converter, Margin Calculator, Pip Calculator, Pivot Point Calculator, Position Size Calculator and others.

Benefits you enjoy with XFR Financial Ltd

Every experienced Forex trader will tell you that there is nothing more reliable than a Forex calculator in foreign trading. The calculator XFR Financial Ltd has will tell you a grasp on your return on investment in Forex trading quickly. It helps you in determining your strategies for Forex trading based on the calculations you perform with the help of the calculator. It is important for a trader to trade on the track with his current options so that he is able to make the best decisions quickly. Let us have a look on some of the important benefits that good Forex calculators provide.

Converting one currency into another is an important function of every FX calculator. This process has to be done very fast and this has to be done with the most recent exchange rates. This means that the data you have applied on the calculator have to be delivered quickly and currently so that you can monitor current trends related to the currency you are watching. Good calculators will help you to get minute by minute updates of the currency conversion and you can see how your investments are going.

You can also get the benefit of getting details of the obscure currencies through XFR Financial Ltd calculator which is important to start trading with minor currencies and develop a strategy which will work for you and get a solid income.

A good FX calculator helps you by providing the data that will increase your chances of making better profits and this will help you to reinvest your money and avoid making losses. Sometimes we need to back out of a trade and sometimes we need to do it quickly to cash the opportunity. If you have got the right information, then you can get rid of the currency for a more favourable one quickly. Currency trading calculations need to be done very fast and accurately and a calculator helps in achieving the desired advantage.

Choosing a reliable tool is desired

There are a number of calculators for Forex available today. You can even get an app for your Smartphone today but it is essential that the FX calculator is reliable and usable. If you are planning to make good money in Forex but use of a good Forex calculator is a must.

Little known facts about property purchase and home loans

Buying a home and fixing it up with a company like Storm Guard almost guarantees price appreciation even in the shorter term. However, this appreciation may not necessarily translate into profit. Here are some hidden or little known facts about property purchase and the home loans that not many know of –

Price increase is not equivalent to profit

One of the first things that people need to understand that price rise is not equivalent to profit. And this can be explained by simple example. Let’s say Mr. B purchases a property in Mumbai in year 2008 for 50 lakh rupees (including registration, stamp duty, processing, legal and other fees) and he now sells it at 90 lakh rupees. Thus, many will safely assume that his profit will stand at 40 lakh rupees (sale price – purchase price) but that is not true. His actual profit will be calculated as follows:

Total purchase– 50 lakh INR

Loan availed – 40 lakh INR

Loan tenure – 20 years

Interest rate – 10.5%

Monthly EMI – 39,935

Selling price – 90 lakh INR

Number of EMIs – 84

Total Interest paid – 27.5 lakh INR (rounded off)

Other selling cost incurred – 2.5 lakh INR

Profit = [Selling price – {purchase price + (total interest paid + other selling cost incurred)}]

= [90 – {50 + (27.5 + 2.5)}]

= 10 lakh INR

 

It can be clearly seen from the above table that the net profit for MR. B stands at mere 10 lakh rupees and not 40 lakh as many would have thought of. Hence, people must consider property as a long term asset and not a speculative purchase that will give returns overnight.They must therefore do their home loan planning accordingly. The complete information on dynamics, functionalities, working and benefits of property purchase is available on Housing.com, world’s fastest growing online property site.

 

Income tax benefits on principal repayment is low

 

Even though, honorable finance minister of India, shriArunJaitley has increased the tax exemption limit under section 80C for principal repayment from 1 lakh to 1.5 lakh rupees, this amount is still very low considering the current cost of homes. Section 80C also includes several other deductions such as:

 

  • Employee provident fund
  • Life insurance policy for self and family
  • Unit linked insurance
  • Tuition fees etc. and hence leaves very little space for accommodating tax benefits on principal repaid on housing loans.

 

HRA cannot be exclusively claimed along with home loan deductions

 

It must also be noted that if people are claiming income tax benefits for home loans they cannot claim HRA at the same time. Though there is an exemption to this clause if the property is rented out or is based in some other city, prima facie only one of these deductions can be claimed.

 

Interest rate fluctuations can be volatile at times

 

Sometimes the interest fluctuations on home loans can be volatile impacting monthly EMIs and this could easily lead to EMI fluctuation of 40 to 50%. The immediate example here is 2009 – 2010 period when the home loan floating rate increased from 8.0% to 12.0% within 12 months impacting a large section of home buyers. It is thus advisable for property purchasers to take proper guidance from experts of renowned property web portals like Housing.com to avoid unsavory experience in future.

Reasons why a company should Indulge in Web Based Project Management

A project management task is a herculean task involving all the work related to each and every process that is ongoing within the company. All kind of tasks are covered within the project management, right from the initial discussions with the client related to the ground rules to the final submission of the project. There are several micro and macro levels at which the tasks are to be managed.

There will be different teams which will be responsible for management at various levels of project. Then there will be project manager, who will be handling responsibilities at the entire project level. These management systems include a lot of work and responsibilities and to help you with these tasks you can have web based management system.

There is a vast expanse of reasons why a company should take help of a web based project management software, some of them are discussed here.

The most basic factor why online management software should be used is ‘convenience’. It will make a lot of difference to your company if you will get everything related to your project within your quick and easy access. Imagine everything related to the project you are working on is available online and can be accessed at any time, from anywhere by all the people who are working with you on that project.

It would be so easy and advantageous for your company, if you will get each and every document and detail related to the project is hosted online for quick and easy access. All the members will share a common platform and can be in touch with each other and also with the project manager. Any important information or update can be shared on this common platform which would lead to a lot of time saving.

The convenience associated with web based project management support also increases productivity. It will make connecting with each and everyone involved with the project easier.

Another reason why web based project management software are useful is the real time synchronization facility that one can get from them. This synchronization facility allows every system to get updated with an amendment made on any system connected to the network or when the systems are required to be synchronized with the central database.

This software doesn’t require countless changes or updates and individual notifications. You just need to make a simple update or clarification into the web based management software and all the people having authorized access to the software will be notified about it.

It is surely an amazing advantage for all types of companies as it also ensures collaboration among different teams and between the clients and team members in an effective way. With these web based project management software, you can conveniently access easily available variety of tools which will assist you with all project management chores. To see an example of all these applications, you can visit, collaborative web-based platform helping to manage projects online effectively.

How to File Bankruptcy for Low Income Individuals

According to the website Debt.org, 936,795 Americans filed for bankruptcy in 2014. This represents a 12.5 percent drop from 2013, but many are still seeking relief from crushing loads of debt. Bankruptcy filings are particularly problematic for low-income individuals, as they have far fewer resources to pay, but there are ways to lower the cost.

Hiring a Lawyer

The first decision in a low-income bankruptcy is whether or not to use a lawyer. Depending on where you live, a non-profit legal aid association may be able to help. Special circumstances, such as being a veteran or dealing with a disability, may lessen the income requirements or make you more likely to qualify for assistance. Some lawyers also perform a certain amount of casework pro-bono. Your state bar association may have information on both of these programs. Some lawyers will allow you to complete some filing paperwork on your own, saving you money.

Warning

  • Do not charge the lawyer’s fee on a credit card. Credit card companies review charges in the time before bankruptcy carefully, and any charges in that time period may be excluded from the bankruptcy –and perhaps the entire balance on that card along with it.

Filing Fees

Bankruptcy requires a $300 fee just for filing the paperwork. However, you can ask the court for a waiver of that filing fee. To qualify for that waiver, you must have income of less than 150 percent of the federal poverty level, and be unable to pay the fee in installments. According to the Department of Health and Human Services, a family’s income must be less than $36,375 per year to qualify for the fee waiver. Even then, approval of the waiver is up to the judge.

Tip

  • Even if you do not qualify for a fee waiver, you can ask to pay the fee in installments. This can make a bankruptcy filing more affordable.

Chapter 7 or 13

Many people with low incomes qualify for a Chapter 7 bankruptcy, because they cannot make installment payments that Chapter 13 requires. Because of this, low-income filers usually do not have to deal with the increased costs of a Chapter 13 bankruptcy. However, if you do file for a Chapter 13, you’ll pay monthly debt payments to the trustee to send to your creditors. The trustee keeps a percentage of these payments as a fee for handling the bankruptcy.

Pro Se Filing

A pro se filing means that you file for bankruptcy without a lawyer. You may choose to do this if your case is very simple. A paralegal may be able help you complete the forms and do the calculations needed for the filing for much less than a lawyer would charge.

Warning

  • Be careful when completing bankruptcy forms yourself. The complicated calculations make mistakes common, and with an error, you could have your bankruptcy dismissed.

How to Discharge Attorney Fees in a Bankruptcy

As you prepare to file for bankruptcy you may wonder if you can include attorney fees in your case. If you owe attorney fees for services not associated with the particular bankruptcy case you intend to pursue, these charges appropriately can be included as a debt to be discharged through bankruptcy. An attorney to whom you owe money is treated as any other general creditor during the course of your bankruptcy case

Instructions

  1. Prepare a petition for bankruptcy. If you are proceeding without legal representation, obtain a bankruptcy petition form from the clerk of the bankruptcy court. Alternatively, you should be able to download the petition form (and related documents) from the bankruptcy court’s website.
  2. Fill out the matrix or index of creditors form. The matrix of creditors is a directory of all of the people or businesses you owe money. Include the attorney (or attorneys) that have open accounts for fees you did not pay. In addition to the name and address of the attorney, include the fee balance as well as any file, case or account number.
  3. File the petition, matrix of creditors and related documents with the clerk of the bankruptcy court. Shortly after filing your petition, the clerk will send to your creditors (including the lawyer or lawyers you owe fees) what is known as a proof of claim form. If the attorney wants to attempt to recover fees owed through your bankruptcy case, she submits the proof of claim form to the bankruptcy court.
  4. Attend the creditor’s meeting scheduled for your case. The creditor’s meeting is held before the bankruptcy trustee. At this session, the bankruptcy trustee questions you about your assets, debts and income. Creditors have the right to appear at the hearing to question you as well. Creditors are also able to lodge an initial objection to the bankruptcy itself if they have some facts to support that you are not entitled to bankruptcy relief. As a practical matter, creditors do not often appear at these proceedings.
  5. Develop a payment plan in conjunction with the bankruptcy trustee if you file a Chapter 13 bankruptcy. Pursuant to a Chapter 13 plan, an attorney will receive a payment of at least some of the fees due and owing over the course of the lifetime of the payment plan (which normally is two to five years). A final discharge occurs at the conclusion of the payment plan.
  6. Appear in court for a Chapter 7 discharge hearing. The discharge hearing occurs approximately 120 to 180 days after the initial filing of the bankruptcy petition. Through a Chapter 7 case, you pay none of the fees previously due to the attorney who filed a claim. The discharge order permanently relieves you of this financial obligation.

What Salary Does a Bankruptcy Lawyer Earn?

The career outlook for attorneys specializing in bankruptcy appears promising, particularly given the economic troubles encountered by so many in recent years. Bankruptcy lawyers provide protection from potential ruin for individuals and businesses in financial distress, and their services continue to be of great value to many as the nation slowly emerges from the economic struggles that began around 2007.

Bankruptcy lawyers speaking to each other in library

Location and Experience

  • The national median salary for bankruptcy lawyers in 2014 was $110,000, according to SimplyHired.com. That figure is prone to fluctuation, of course, depending on the attorney’s experience and practice location. For instance, the average salary for a bankruptcy attorney in New York City is $129,000, while in Butte, Montana, that figure comes in at $88,000. Career prospects appear strong for lawyers practicing bankruptcy don’t appear likely to diminish anytime soon.

Job Outlook

  • The Bureau of Labor Statistics projects that opportunities for lawyers in general were expected to increase 10 percent from 2008 through 2018.

What Can You Do With an MBA in Finance?

A master’s of business administration in finance provides a rigorous academic approach to business and finance disciplines. A finance degree can lead you to finance-oriented employment in investment banking or corporate finance. However, MBA programs typically have a broader focus with an emphasis on management and leadership potential. Additionally, MBA programs commonly include team-building coursework and real world project analysis. According to the book “Finding Your Way with an MBA: Insights From Those Landing Their Ideal Jobs,” typically MBA graduates enjoy higher compensation than graduates with college-level business degrees.

What is an MBA Degree?

  • The MBA in finance is a postgraduate degree in business studies with an emphasis in finance. Students wanting to earn an MBA study the theory and practical application of business and management principles. Coursework specifically covers the basic principles of managing a business and developing organizational leadership and business strategies.

Why Get an MBA Degree?

  • Increasing your career opportunities and salary potential are two primary reasons to consider getting an MBA in finance. Many companies require an MBA degree for executive and senior management positions. According to the book “Finding Your Way with an MBA: Insights From Those Landing Their Ideal Job,” more than 100,000 Americans graduate each year with an MBA degree, making the MBA the single most popular master’s degree program. Many employers recognize that an MBA degree in finance indicates a job applicant has a solid understanding of business practices and management techniques.

Coursework

  • An MBA in finance teaches you skills you can apply to numerous fields. Besides coursework in finance, MBA finance programs require you to take courses in marketing, operations management, money management, human resources, business strategy, business leadership and business ethics. MBA programs with an emphasis in finance also require additional advanced coursework in financial planning, economics and accounting. An MBA in finance affords you the opportunity to choose from a number of careers upon graduation, and virtually work in any field or industry. MBA finance graduates enter many industries, including health care, government, engineering, music and retail.

MBA Degree in Finance

  • An MBA with a specialization in finance gives you many professional options, especially within the financial field. This degree will benefit individuals seeking employment in corporate finance, commercial banking, financial planning, investment banking and other business sectors. Specific job titles commonly held by graduates of MBA finance programs include financial officer, credit manager, finance manager, management consultant or senior financial analyst.

 

The Salary of a Corporate Finance Lawyer

At some time during its business operations, every company is going to need a lawyer. Many companies, realizing this, keep lawyers on staff to verify that the business’ practices are legal. These corporate finance lawyers keep a close watch on a company’s transactions, contracts and other agreements to ensure that they stick to the law.

Corporate finance lawyers can make good money helping companies stick to the law.

Corporate Lawyer Identification
A corporate finance lawyer handles the legal aspects of a company’s transactions and contracts. It is the duty of a corporate finance lawyer to ensure that none of a company’s transactions conflict with laws on the local, state or federal level. To do this, a corporate finance lawyer must be expert in a variety of laws, including tax laws, contract laws and the laws governing intellectual property rights.

Corporate Lawyer Salaries
According to the Bureau of Labor Statistics, lawyers across all disciplines receive an average salary of $110,590 each year as of 2008. Lawyers who specialize in corporate law, including the management of companies and enterprises, earn considerably more. Corporate lawyers earn an average of $145,770 a year. For recent graduates entering the field, the average salary is $68,500 for all law disciplines. For the same graduates entering the corporate law profession, the average salary is $69,100.

Top Paying States
A lawyer’s salary can vary significantly from the mean depending on where he or she practices. The top five highest paying states (or areas) for lawyers, according to the BLS, are Washington, D.C., California, Delaware, New York and Connecticut. On average, D.C. lawyers are paid $162,830 annually and California lawyers are paid $155,740 annually. Delaware, New York and Connecticut lawyers are paid on average $151,750, $150,510 and $138,420, respectively.

Other Considerations
While the demand for lawyers and the growth of the profession are good, the nature of the work is changing somewhat. With a glut of law school graduates, many newly-minted lawyers are finding themselves early on working temporarily as attorneys on a need-based basis. This can affect salary in the short term. Specializing in corporate finance law may see a lawyer pull down better salaries, but that only applies to full-time work.

 

 

Financial Executive Job Description

A financial executive is a member of a corporation’s top leadership team who typically reports to the chief financial officer (CFO) or the chief executive officer (CEO). She coordinates all finance-related activities in a company, and she ensures that corporate financial statements are accurate, complete and prepared in accordance with accounting principles.
A chief financial officer ensures that corporate financial statements are accurate.

Responsibilities

  • A finance chief is in charge of all accounting and financial reporting duties within a firm. He supervises staff and ensures that the organization’s financial statements adhere to generally accepted accounting principles (GAAP), Securities and Exchange Commission (SEC) guidelines, industry practices and top management’s directives. A financial executive also oversees tax reporting activities, and she ensures that employees abide by Internal Revenue Service (IRS) requirements when calculating corporate fiscal liabilities (debt).

Education and Training

  • A finance chief typically holds an advanced degree, such as a master’s or doctorate, in accounting, finance, auditing or taxation. A liberal arts major or a finance executive with a bachelor’s degree is not uncommon in the field, but employers generally require that job seekers have significant business acumen and practical experience (more than 10 years). A financial executive who has prior public accounting experience usually has a certified public accountant (CPA) or certified internal auditor (CIA) license.

Salary

  • A financial executive’s total compensation depends on his seniority, length of service, academic credentials and professional certifications. Other factors, such as shareholders’ or corporate directors’ decisions, also may affect his pay. A finance chief’s remuneration includes wages as well as stock and cash bonuses. According to the U.S. Bureau of Labor Statistics, as of 2008, finance chief executives earned a median annual wage of $158,560, excluding cash and stock bonuses, with some top executives of large companies earning hundreds of thousands of dollars to more than $1 million annually.

Career Development

  • Career growth opportunities for financial executives generally depend on the firm’s performance, economic trends and shareholders’ actions. A chief of finance also may be promoted if a company engages in a corporate reorganization initiative such as a merger or an acquisition. A competent and skilled finance chief typically moves to a senior role within five to 10 years. He may become senior finance president, chief financial officer, chief accounting officer or corporate president.

Working Conditions

  • A financial executive does not have a typical 8:30 a.m. to 5:30 p.m. work shift. Business conditions may require her to work long hours. She may be at the office early in the morning, late at night or on weekends. Occasionally, she may travel to meet with domestic or international clients. The end of the quarter is the busiest time period for a finance chief because she must coordinate regulatory filings with the SEC and IRS.

 

What Is Job Description of the Corporate Controller?

Corporate controllers (sometimes referred to as “chief financial officers” or CFOs) are top executives responsible for the financial activities of the organizations in which they work. Controllers establish financial policies, track income and expenses, oversee budgets, and make recommendations regarding investment decisions. The job market for controllers is competitive. Industry experience is a must.

What Is Job Description of the Corporate Controller?

Education

  • Most controllers have bachelor’s or master’s degrees in business administration, finance, or accounting. In addition, controllers often earn professional certifications, including Certified Public Accountant (CPA) or Certified Management Accountant (CMA). Earning these certifications improves an individual’s chance of becoming a controller.

Areas of Responsibility

  • Controllers manage investments, oversee cash management activities, deal with mergers and acquisitions, and supervise financial reporting. They often manage several employees or entire accounting departments. Controllers report directly to the president or board of directors of their organizations.

Salary

  • Controllers, like other top corporate executives, are highly paid. Median annual salaries of corporate executives, including controllers, were $158,560 in 2008. Controller salaries vary widely, however. Top executives in large companies can earn more than $1 million annually, depending on their level of responsibility and industry. In addition to salaries, compensation for controllers often includes stock options and performance bonuses.

Technology

  • Controllers must be comfortable with technology. They use calculators and computers with specialized financial software programs to compile reports. They use spreadsheets to analyze data and frequently file reports via electronic submission.

Areas of Interest

  • Controllers must like working with numbers. They need to be knowledgeable about economic and accounting principles and financial markets. They should also have an interest in general business administration, including strategic planning, human resources, and corporate governance.

 

Corporate Finance Analyst Job Description

A corporate finance analyst, or associate, uses business acumen and investment knowledge to review a firm's financial statements and recommend investment strategies to senior leadership. A corporate finance associate also reviews a company's liquidity (cash) levels and aids a company in selling shares of bonds and equity on securities exchanges.
A corporate finance analyst helps a firm make investment decisions.

Responsibilities

  • A corporate financial analyst evaluates a firm's operating data, compares current versus historical information and provides investment selection strategies to senior management. He also may detect liquidity trends by appraising a company's “working capital” ratio. This ratio measures a corporation's short-term cash availability and equals current assets minus current liabilities. A corporate finance associate also partners with investment bankers to help a firm raise cash on securities exchanges.

Education and Training

  • Jobs in the corporate finance field typically require a business or finance background and a bachelor's degree at a minimum. A corporate finance analyst who has supervisory responsibilities or works for a large, multinational company may hold a master's of business administration (MBA) in finance or investment analysis. A corporate finance professional with prior public accounting experience may have a certified public accountant (CPA) license.

Salary

  • A corporate finance analyst who holds an advanced degree, such as a master's or doctorate, in economics or investment analysis earns more than a colleague with a bachelor's degree. The company's size, industry and location also affect compensation levels. A corporate finance analyst's pay package may include wages as well as cash or stock bonuses. The U.S. Bureau of Labor Statistics indicates that median annual wages for corporate financial analysts were $73,150 in 2008, excluding cash and stock bonuses, with the lowest 10 percent of the occupation earning less than $43,440 and the highest 10 percent earning more than $141,070. The same research shows that median annual wages for corporate financial managers were $99,330 in 2008, excluding cash and stock bonuses, with the middle 50 percent of the profession earning from $72,030 to $135,070.

Career Development

  • A corporate finance associate's chances of promotion depend on staffing needs and economic trends. However, she can improve her career growth opportunities by seeking a master's degree in investment analysis or a chartered financial analyst (CFA) certification. A corporate finance analyst who performs adequately may be promoted to a senior role, such as corporate finance manager, senior investment strategist or financial accounting supervisor, after three to five years.

Working Conditions

  • A corporate finance analyst works a standard 8.30 a.m. to 5.30 p.m. shift. If business conditions require a longer presence at the office, he may work late nights or early mornings. He also may telecommute and perform his tasks remotely from home on weekends. A senior corporate finance analyst travels periodically to meet domestic or international clients.

 

Corporate Banker Job Description

The control and ownership of incorporated companies is distributed to many joint owners called shareholders. While this structure allows certain advantages, it also introduces much complexity. Specialized bankers deal with the complicated and unique needs of corporate finance. Also called “investment bankers,” corporate bankers also perform tasks similar to personal bankers.

Corporate bankers, or investment bankers, attend to the special needs of corporations.

Saving and Lending

  • Like individuals, corporations use credit and money. Companies need to keep cash on hand to meet immediate needs like payroll; thus, they maintain accounts that function much like any other savings or checking account, though on a much larger scale than most individuals. For some projects, loans are needed and the government recognizes corporations as “legal persons,” able to obtain credit. Corporate bankers operate much like personal bankers or loan officers in these capacities.

Investments

  • Because corporations often hold large amounts of money, for which they have no immediate need, they often seek to put this money to work for them and yield more interest. To this end, investment bankers advise or act as brokers for various financial instruments. The bankers may recommend stocks, bonds, futures or many other investment vehicles. It depends upon such factors as the return the corporation desires, when it will need the money back and the degree of risk it is willing to accept.

Stocks and Bonds

  • One of the most advantageous aspects of the corporate structure is the ability to raise funds by issuing bonds (debt instruments) and common stock (equity instruments). Conceptually, these activities are simple. The company sells bonds to investors, then issues a regular payment to the bondholders until the bond matures. Upon maturity, the original sale price of the bond is refunded to the bondholder. Stock is sold to the public, which gives buyers partial company ownership and control. Each share of stock entitles the holder to an equal share of company profits and one vote to be used in each issue the board of directors puts up for a vote. While these may not seem terribly complicated, the laws and regulations surrounding the issue and trading of securities requires extensive specialized knowledge.

Education

  • Investment banks vary in size; thus, there is some variation in the education standards of applicants. The largest and most prestigious institutions may demand an MBA from an elite university; the financial sector employs workers with terminal degrees in their disciplines, paying a premium for their credentials and experience. However, smaller establishments, or the more junior positions within the larger ones, may only require a bachelor’s degree. Finance and economics are the most desirable majors.

Conditions and Salary

  • Bankers almost invariably work indoors, in comfortable conditions. Most time is spent either on the telephone; in meetings; or on a computer, doing research or analysis. The more prestigious and well-paid positions have comparably less mundane activities. An investment banker’s salary is ill-spent on filing or making coffee, when support staff can do these tasks for a fraction of the cost to the firm. Despite the physical ease and status of the position, the banker does have the challenges of long, irregular hours and considerable stress. Pay is generally commensurate with the size of the company and the affluence of its clients.

 

 

Director of Finance Job Description

Directors of finance are responsible for the finance activities of their assigned division or divisions. Finance directors work for corporations, consulting firms and nonprofit agencies. The Bureau of Labor Statistics says, “Employment growth for financial managers is expected is to be about as fast as the average for all occupations. However, applicants will likely face strong competition for jobs. Those with a masters degree and a certification will have the best opportunities.”

Compliance

  • Finance director titles are used in both accounting and finance departments. However, they are responsible for compliance and regulatory issues pertaining to the financing activities of their organizations. The director of finance is involved with all financing sources for his assigned divisions. This includes activities related to stock and corporate bond activity, equity investors and all non-traditional financing sources.

Subject Matter Expert

  • The director of finance is the expert on compliance and regulatory issues related to finance. She will consult with counsel and executive leadership on proper financing activities and all necessary and required disclosures. The director of finance is responsible for adherence to the corporate finance policies, and reports any deviation to her direct supervisor. Most directors of finance report to the chief financial officer or the chief accounting officer.

Forecasting

  • Finance directors are responsible for all corporate forecasting. This includes sales and revenue forecasts as well as competitor forecasts. Finance directors build forecast models and metrics to accurately predict the outcome of a potential or proposed business transaction. These transactions may include expansions, mergers, acquisitions, capital projects or divestitures. These forecasts are usually developed for executive level leadership.

Strategic Planning

  • Strategic planning is a critical responsibility of directors of finance. Many capital expenditures, mergers and acquisitions and major expansions take months or years to plan. Strategic planning is vital in making these projects successful. Pro forma financial statements, projections and success metrics are all required for project approval. Planning for projects of this magnitude requires financial professionals with extensive education and work experience.

Investment Activities

  • Directors of finance are responsible for some or all investment activities. Financing activity varies greatly depending on the size of a company, but all companies have some degree of investment activity. These investments could be as simple as a money market account or simple interest-bearing account. However, in large companies, investments may include corporate securities, annuities and taking stakes directly in other companies.

Management and Mentoring

  • The finance director manages the finance department employees. This includes the analysts, clerks and statisticians. The director of finance is responsible for directing the staff’s activity and for assigning workload. The director of finance assists the recruiting department with finance staffing issues. Directors of finance must be solid managers and leaders. They are responsible for developing and mentoring their subordinates.

 

Financial Planning & Analysis Job Description

The financial planning and analysis department within a corporation is responsible for preparing the annual plan and long-range or five-year plan. Financial planning and analysis professionals also prepare monthly, quarterly and annual management reports that compare actual results to forecasts. This department is a segment of the finance division of a company, and usually reports to the chief financial officer. The financial planning and analysis team also assists with the monthly accounting close, making certain journal entries are prepared correctly and on time.

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Education and Training

  • Financial analysts are expected to have, at minimum, a Bachelor of Science degree in finance or accounting. Having a Master of Business Administration degree is highly desirable, particularly for career advancement. Some companies require that analysts have a Certified Public Aaccountant designation to ensure they understand “Generally Accepted Accounting Principles” and apply these principles to the reports they prepare.

Skills

  • Financial planning and analysis professionals must have a thorough understanding of advanced financial analysis techniques using spreadsheet software, as well as any specialized financial forecasting software their company may have. They must be able to design reports that present both actual and budget data in a concise manner for use by top management in decision making. They are required to communicate well, both orally and in writing, as they are asked to make presentations to upper management.

Responsibilities

  • Senior management depends on information and recommendations provided by the financial planning and analysis department to make critical decisions such as those regarding multimillion dollar capital expenditures and mergers and acquisitions. If the information the analysts supply is flawed, there can be significant negative financial consequences for the company as a whole. Success in this career depends on being able to interpret data and draw conclusions, not just to compile numbers.

Challenges

  • Finance planning and analysis can be a high-pressure career because, during the planning cycle, there are tight deadlines that must be met. The financial reports that analysts prepare can involve presenting negative news to senior executives, who may challenge the accuracy of their reports. They are often given special analysis projects, such as mergers and acquisitions, that must be completed under extremely tight time frames and often with insufficient or limited data.

Rewards

  • Because the financial planning and analysis expert interfaces with all departments of the company during the planning process, this career can be a learning experience to gain an understanding of how other departments, such as marketing or purchasing, are managed. This knowledge can help financial analysts advance into a senior management role later in their careers. It can also be a stepping stone to becoming chief financial officer of the company, because the financial planning and analysis department is heavily involved with the day-to-day operations of the accounting department. Financial planning and analysis professionals, even junior analysts, are asked to prepare reports or make presentation to top executives, so this career can help young professionals develop poise and self-confidence.

 

Trade Finance Job Description for Banking

Technology is allowing businesses to grow exponentially as trade increases nationally and globally. In an effort to assist business clients in financial trade transactions, many banks offer trade finance services. These services allow companies to import and export with ease and without a long wait for fund transfers. Jobs in trade finance involve a high degree of client interaction as well as an understanding of financial transactions. Trade jobs are typically found in banks and other financial institutions.

Large cargo ship on water

Facilitating Trade
In a banking institution, the trade financing department is responsible for a number of activities to facilitate business trade. An individual in this position would help importers with letters of credit that are sent to exporters. These letters show the exporter that payment will be made upon delivery. Some banks also issue invoice financing, import financing and shipping guarantees. An individual working in the trade finance department is responsible for reviewing the credit worthiness of a business before extending loan terms. Trade financing covers both importers and exporters of goods.

Trade Experience Necessary
A knowledge of the various types of trade transactions is a requirement for this side of banking. Familiarity with financial terminology such as banker acceptance, cash in advance, and documentary collections is necessary. A mathematical aptitude and attention to detail are other skills of a successful candidate. Analytical skills to properly assess credit worthiness is a requirement for these positions. Working in trade finance requires not only interpersonal skills but a high level of confidentiality and tact. In some instances a customer’s request cannot be honored. In these cases an associate needs to handle the situation in a respectful manner without alienating the customer or losing business for the bank.

Education and On-the-Job Training
While there is no specific college degree for a trade finance position, most banks require at least a bachelor’s degree. Taking courses in accounting, business or economics gives candidates a competitive edge in addition to giving them a financial background. On-the-job training constitutes the majority of an employee’s education. Employees may start in entry-level jobs within a financial institution before moving into a trade finance position.

The Future of Trade
Companies continue to look for faster ways to transact business, and banks are working harder to fulfill their needs. Businesses want to minimize the risk of not receiving an import or being cash poor while waiting for payment of an export. Trade finance departments across financial institutions work with new technologies to reduce that risk. Although letters of credit have long been the standard of trade finance, other types of guaranteed payments are emerging. Banks now offer document collections as payments for imports. Document collecting is a bank-to-bank transaction occurring within the trade finance department. All of these enhancements mean continued growth and education for the right candidate taking this on as a career.

 

 

How to Write a First Job Resume for a Bank Job

It’s possible to get an entry-level job in a bank, even if you have no previous job experience. Most banks will hire novices as tellers. All such a job requires is some basic math skills, on-the-job training and the ability to talk to a wide variety of people. Banks also typically pay a little more than most other entry-level positions. This makes them attractive places for college students and others looking for their first jobs. Read on to learn how to write an excellent resume that can give you an edge over the other job candidates

Instructions

  1. Write an “Objective” section. This section of your resume should briefly discuss your career goals, what sort of bank job you hope to get and what you want to accomplish in your job. You’ll stand the best chance of getting hired if you indicate you’re interested in a career in financial services in this section.
  2. List your experience first. Even if this is your first job, you probably still have some experience that would be useful in a bank. Any experience handling cash, competition on math teams, proficiency with computers or experience dealing with a wide variety of people would be helpful and should be included in your list.
  3. Talk about your education next. Write down the schools you’ve attended from high school on, as well as the dates attended and degrees obtained. If you’re still in school, make mention of that, and indicate when you expect to graduate.
  4. Write about your bank-specific skills and classes you’ve taken that will help you perform your job. Customer service skills, business classes, accounting classes and organizational skills are all examples of assets that would benefit you in a bank job. Banks are becoming more and more dependent on computer technology, too, so you’d better have (or get) solid computer fundamentals.
  5. Create a list of organizations you belong to and extra-curricular activities you’re involved in. This will show that you’re a well-rounded person (always a desirable quality in a bank employee), that you’re ambitious and that you know how to handle responsibility.

 

Job Description of Investment Bankers

Investment banks arrange financing for private companies. Investment bankers are responsible for matching businesses that require financing with investors who are willing to provide capital in exchange for bonds or stock. Generally all investment bankers pursue advanced education and receive specialized training in the field. There is stiff competition for investment banking jobs, but those who are successful tend to enjoy high salaries and comprehensive benefits.

Investment bankers connect companies that need financing with investors.

Duties

  • Depending on the client’s situation, an investment banker’s duties vary. They sometimes act as sales agents for their clients. They advise companies on their financing options, such as issuing stock or bonds, and find buyers for the securities. When clients wish to arrange large financial transactions, such as a merger, acquisition or sale of a subsidy, an investment banker may negotiate the deal. Investment bankers also consult when companies are experiencing financial difficulties, and attempt to find solutions. If clients decide to offer new stock, investment bankers may arrange for their bank to underwrite the stock, so the client will not have to assume financial liability. In addition, investment bankers may oversee their clients’ investments.

Training

  • Most investment bankers earn a master’s degree in business administration (MBA). Those who enter the field without an MBA generally have a bachelor’s degree in finance, business, economics or accounting, and begin as analysts with an investment bank. They receive training on the job, during which they have limited interaction with clients and instead focus their efforts on creating information books that are used to sell products to clients. Training also includes instruction in the specific products and services that the bank offers, effective sales techniques and securities analysis. Most analysts work toward an MBA while employed if they plan to stay in the field. After several years, analysts either receive a promotion to associate or are let go. Candidates who already have MBAs usually begin as associates.

Working Conditions

  • Most investment bankers work in comfortable offices, though the environment is often quite stressful. They usually work long hours, including nights and weekends, and face extreme pressure as they try to negotiate mergers, acquisitions and corporate financing. Many investment banks have a large number of international clients, so investment bankers are often required to travel around the world. Bankers at the junior level usually face the greatest pressure as the job tends to become more manageable with experience.

Salary

  • According to the Pay Scale, a salary information website, the median salary for associate investment bankers with less than a year of experience ranged from $47,778 to $96,102 as of May 2010. Those with one to four years of experience were paid between $57,617 and $96,682, while those with five to nine years earned between $69,855 and $101,636. Associate investment bankers with 10 to 19 years of experience earned as much as $106,283.

Employment Outlook

  • The Bureau of Labor Statistics estimates that employment for securities, commodities and financial services sales agents, including investment bankers, will increase by nine percent between 2008 and 2018, which is the same rate as the average for all occupations.Recent global financial problems coupled with industry consolidation will be the most significant factors in limiting job growth. Investment bankers may face sharp competition as jobs dwindle, so those with MBAs will enjoy the best prospects.

 

 

How to Start a Career in Banking

You can begin a career in banking without experience or a degree and choose from a variety of specialties after you pay your dues in an entry-level position. Here’s how to start in this exciting field
Start a Career in Banking

Instructions

  1. Determine your compatibility with a banking career. Do you pay attention to detail, have a drive for perfection, like to achieve goals, enjoy constantly learning new information and skills, present a dependable image, like to work with people (some of whom can be very demanding) and have a clean criminal record? If so, go on to Step 2.
  2. Apply for any job with a bank. Some bank executives have started out as tellers, a job that requires neither experience nor a degree. Bring a professional resume.
  3. Reveal any legal problems you’ve had. Banking employees must be bonded, so your background will be investigated. Laws and policies vary by state and bank.
  4. Be flexible when discussing work schedules. Banks feel tremendous pressure to offer extended hours.
  5. Groom and dress carefully. Much about banking depends on image. Conservative appearance says you’re trustworthy.
  6. Arrive at work promptly. Banks must open on time with enough personnel available to meet customers’ needs. Inconsistency is a no-no in the financial industry.
  7. Conduct yourself with the utmost honesty and integrity. Follow every law and policy to the letter. Banks use state-of-the-art security systems that keep track of employees carefully.
  8. Cultivate perfectionism. Every penny must be accounted for, every signature must be included, and every supporting document must be verified. If you don’t balance at the end of the day, you don’t go home until you do. If you don’t dot every “i” and cross every “t,” you’ll do the paperwork over and over until you get it right.
  9. Take advantage of every training session possible. Ask your supervisor for more training, and make it known that you’re interested in advancement.

 

 

How to locate banking jobs vacancies in Saudi Arabia

If you are seeking a banking job in Saudi Arabia banks, there are many ways can help you to land your dream job either you are living inside or outside Saudi Arabia. The main thing you need to do is to locate the vacancies.

Saudi Arabia

Instructions

  1. Start your search at Riyad Bank, the bank is considered one of the biggest banks in Saudi Arabia that provide various kinds of services such as corporate banking, business finance and business banking. Go to the bank website , where you can find a career page that lists all the openings.
  2. Contact Bank Al Jazira to inquire about their vacancies, the bank provides banking services in many cities in Saudi Arabia. Go to the head office in Khalid Bin Al Walid st., Jeddah to get more information about job opportunities.
  3. Check Al Rajhi Bank for the current vacancies, the bank always has up coming openings for fresh graduates, middle managers and experience professionals. You may not be able to locate posted or announced vacancies on the bank but you can submit your resume to their recruitment team and you might be considered for the related work opportunity.
  4. Research the banks that specialized in financing, if you have work experience in the investment and finance field. Try Saudi Investment Bank and Arab National Bank, which have many branches across Saudi Arabia. Write a presentable resume, that reflect your specialty in the finance operation and send it to the head of the department that relevant to your experience.

 

List of Finance Jobs

If you have a natural love for math and an analytical mind you may want to consider a career in finance. To obtain a high-paying finance job like accounting you’ll need to obtain a bachelor’s degree. Other finance jobs like working as a bank teller only require a high school diploma. However, having a degree in a finance-related discipline is always an advantage when looking for a job in this field.

Finance jobs include bank tellers, auditors, loan officers and financial advisors.

Bank Teller

  • Responsibilities of a bank teller include cashing payroll checks, exchanging foreign currency, receiving loan payments, issuing traveler’s checks and keeping track of their daily transactions. Banks usually hire employees with a minimum of a high school diploma. Taking business math courses in high school and having clerical experience can also help individuals obtain a job. Some banks provide on-the-job training for new tellers which teaches them about financial transactions within the bank. The median salary for bank tellers is approximately $21,120 per year, according to Stateuniversity.

Auditor

  • The median salary for an auditor, which is one type of accountant, is approximately $50,000, according to Stateuniversity. Auditors are responsible for checking the financial records of companies and determining their accuracy. If numbers don’t add up auditors are responsible for determining why. External auditors are self-employed and work for many companies as freelancers while internal auditors are employed by specific companies.

Loan Officer

  • Loan officers earn a median salary of $51,760 per year, according to Stateuniversity. Loan officers are responsible for working with individuals and businesses to help them acquire loans. They’re also responsible for evaluating loans, approving loans and authorizing loans based on credit. Loan officers work for financial institutions such as banks, credit unions and savings institutions. Loan officers interact with other people as they prepare paperwork for specific loans.

Financial Advisor

  • Financial advisers work with individuals, companies and charitable organizations, providing them with financial advice on investing and savings, according to Prospects. Financial advisors must be good at math. They often review an individual’s entire financial portfolio and provide recommendations. Financial advisors earn between $34,000 and $94,000 a year, according to Payscale.

 

Types of Banking Jobs

According to the Bureau of Labor Statistics (bls.gov), in 2006 the banking industry employed more than 1.8 million. Out of these job, 7 out of 10 were in commercial banks. The banking industry has a wide range of jobs and positions available. Tellers still make up a vast majority of the employees, but other bank positions take up a large sector in the job industry in general.

Types of Banking Jobs

ManagementWithin the Management field of bank jobs there are: financial managers, who oversee the bank branches and departments as well as maintain bank standards and resolve customer issues; loan officers, who go over loan applications and make recommendations on whether to approve or deny a loan; and trust officers, who handle pension funds, profit sharing and even school endowments. Occasionally, trust officers also act as the bank lawyer or accountant as well.

Dan Ionut Popescu | Dreamstime.com
Financial ServicesFinancial services is a sales orientated position that handles the selling of the bank’s services. The bank agents handle everything from deposit accounts and lines of credit to certificates of deposit and investment services. Financial service agents handle the marketing of the bank, especially when it comes to consumer credit cards and services. This has become a large part of the industry that sales agents dedicate much of their time to.

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AdministrationOffice and Administration jobs take up the largest portion of banking jobs available. These include tellers who handle account transactions and services for customers whether they come into the bank or go through the drive-through. Also included in this classification are customer service and new account clerks who answer customer questions and concerns and most thoroughly know the bank’s products and services. These positions are also in call centers, where the representatives are answering phone calls and responding to customers’ emails.

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OfficeOffice staff within a bank include many positions. These are general office jobs such as secretaries, data entry clerks and receptionists. There are also bookkeepers, accountants and audit clerks who process deposit slips and checks, enter data and maintain additional financial records and documents. Of course there are also supervisors and managers that oversee training and the day to day tasks of the office support.

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Miscellaneous SupportMiscellaneous support includes lawyers, accountants, auditors and computer specialists. This is the smallest portion of the employment within the banking sector, but it is vital to the running and operations of any bank. These positions ensure that the bank is compliant with all federal regulations and codes as well as maintaining the corporate financial records. The computer specialists positions maintain all computers and software, as well as computer upgrades and electronic banking technologies.

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Read more : http://www.ehow.com/facts_5390469_types-banking-jobs.html

How to Prepare for a Banking Job

Years ago bankers were stodgy old men in black suits that sat behind their desks all day reviewing loan applications. But times have changed and so has the banking industry. Today’s bankers can no longer afford to stay behind their desks waiting for customers to come to them, because the competition is fierce. In their job, they need to proactively go after business and offer customers products and services that are a cut above the rest. If you want to start a career in banking, you need to prepare yourself to show your perspective employer why you are a cut above the rest.

Instructions

  1. Complete at least two years of college with an emphasis on business-related classes. Though you will stand a better chance at a higher paying job with a four year degree, many banks have internship programs you can start while still going to school. They also have tuition reimbursement programs for full time employees that will help you pay for college. It may take you longer to get your degree, but it’s a great way to pay for your education.
  2. Invest in a few choice pieces of business attire, including a nice suit. It’s not necessary to buy a whole wardrobe at once, but you do need several pieces you can mix and match so that it appears you have a huge selection of clothing.
  3. Update your resume ensuring it is concise and easy to read. The human resource areas of most banks receive numerous resumes every day so yours needs to stand out. Print it on a light colored paper like cream or grey and include a cover letter with a brief description of your overall skills and assets.
  4. Talk to different employees where you do your banking and ask them about their jobs and what they do. Working at a bank today is more than being a teller or loan officer. Banks hire people to do everything from statistical modeling to selling and managing investment portfolios. The more you learn about the types of jobs available, the better prepared you will be to choose the area of banking that’s right for you.
  5. Be flexible when being offered your first job, even though it may not be exactly what you wanted. Banks are notorious for promoting from within so you need to get your foot in the door first. Once you do, it will be easier to apply for other jobs as an employee within the bank as opposed to being an outsider.

 

What Kind of Job Can I Get With an Associate’s Degree in Banking?

An associate’s degree in banking is a great stepping stone into a career in finance. Entry-level positions are available for those who have completed their associate’s degree, with the opportunity to advance with experience or go back for your bachelor’s degree.

An associate's degree in banking can lead to an entry-level position at a financial institution.

Associate’s Degree in Banking

  • When you earn your associate’s degree in banking, you’ll learn valuable skills that will help you get a job, such as accounting principles, economics principles, banking laws and how to use spreadsheets.

Teller Jobs

  • Many graduates of an associate’s degree in banking go on to work in a bank branch as an entry-level, vault or head teller. The head teller position, which involves supervising other tellers and balancing the cash draw, has the highest average teller salary of about $27,000.

Client Services

  • An associate’s degree in banking can lead to a career as a client services representative at a bank or lending institution. This position involves customer service for basic transactions and yields an average annual salary of about $28,000.

Processing Clerk

  • Graduates of an associate’s degree program can earn a position as a processing clerk at bank branches. The clerk may work with commercial clients or loans. The average salary for this position is about $26,000.

Advancement

  • Many graduates with an associate’s degree go back to school to earn their bachelor’s in finance or accounting. The credits they earned for their associate’s degree should enable them to complete a bachelor’s degree in just two or three years, rather than four.

 

Entry-level Banking Jobs

There are a number of entry-level positions for employment in the banking industry. These positions range from bank teller to collections representative to safe deposit clerk, and most have annual compensation in the $15,000 to $30,000 range. While the number of management positions in the banking industry is shrinking due to the economy and a number of recent large mergers, the number of entry-level positions is expected to continue to grow over the next few years.
While some of these positions require some college or specialized training, most just require a high school diploma, good math skills, and a friendly personality and people skills. However, in today’s world, advancement to a management position in the banking industry almost always requires a college degree.

Senior tellers frequently move up to salaried positions.

Teller Jobs

  • A bank teller is the most common entry-level job at a bank, and generally only requires a high school education, basic computer skills, and a friendly attitude (especially as teller positions today are becoming more and more sales- and marketing-oriented). Teller positions are often relatively easy to get as the turnover rate tends to be high. With some exceptions, teller positions are usually paid hourly, with most tellers making $20,000 to $30,000 annually.

Other Customer-service Jobs

  • A number of other specialized customer service positions are found in banks, such as personal and mortgage loan representatives, new account representatives and safe deposit clerks. These jobs are mainly customer service-oriented and usually do not require a college degree. Some of these positions do require a little more education or training, but there are often entry-level positions paying $20,000 to $40,000 are available.

Support Jobs

  • In most banks, there are almost as many support positions as there are customer-facing positions, which means that there are usually quite a few jobs like mortgage loan servicing clerks, collections representatives, accountants, information technology specialists, operations clerks, wire transfer clerks and fraud detection associates available. Many of these positions do require a college degree or specialized training, but the pay is commensurately higher in most cases, from $25,000 to $60,000.

Employment Prospects in the Banking Industry

  • While banking industry jobs grew rapidly for several years up until 2008, and declined in 2009-2010, the industry is expected to begin a gradual recovery, and hiring (especially for entry-level positions) is predicted to increase over the next few years.

 

Trade Finance Job Description for Banking

Technology is allowing businesses to grow exponentially as trade increases nationally and globally. In an effort to assist business clients in financial trade transactions, many banks offer trade finance services. These services allow companies to import and export with ease and without a long wait for fund transfers. Jobs in trade finance involve a high degree of client interaction as well as an understanding of financial transactions. Trade jobs are typically found in banks and other financial institutions.

Large cargo ship on water

Facilitating Trade

  • In a banking institution, the trade financing department is responsible for a number of activities to facilitate business trade. An individual in this position would help importers with letters of credit that are sent to exporters. These letters show the exporter that payment will be made upon delivery. Some banks also issue invoice financing, import financing and shipping guarantees. An individual working in the trade finance department is responsible for reviewing the credit worthiness of a business before extending loan terms. Trade financing covers both importers and exporters of goods.

Trade Experience Necessary

  • A knowledge of the various types of trade transactions is a requirement for this side of banking. Familiarity with financial terminology such as banker acceptance, cash in advance, and documentary collections is necessary. A mathematical aptitude and attention to detail are other skills of a successful candidate. Analytical skills to properly assess credit worthiness is a requirement for these positions. Working in trade finance requires not only interpersonal skills but a high level of confidentiality and tact. In some instances a customer’s request cannot be honored. In these cases an associate needs to handle the situation in a respectful manner without alienating the customer or losing business for the bank.

Education and On-the-Job Training

  • While there is no specific college degree for a trade finance position, most banks require at least a bachelor’s degree. Taking courses in accounting, business or economics gives candidates a competitive edge in addition to giving them a financial background. On-the-job training constitutes the majority of an employee’s education. Employees may start in entry-level jobs within a financial institution before moving into a trade finance position.

The Future of Trade

  • Companies continue to look for faster ways to transact business, and banks are working harder to fulfill their needs. Businesses want to minimize the risk of not receiving an import or being cash poor while waiting for payment of an export. Trade finance departments across financial institutions work with new technologies to reduce that risk. Although letters of credit have long been the standard of trade finance, other types of guaranteed payments are emerging. Banks now offer document collections as payments for imports. Document collecting is a bank-to-bank transaction occurring within the trade finance department. All of these enhancements mean continued growth and education for the right candidate taking this on as a career.

 

 

 

How to Finance a Fifth Wheel Camper

A fifth wheel camper is towed by a truck to which it’s connected by a hitch in the truck’s bed. With a raised front extension, fifth wheels are typically 21 to 40 feet long and sleep four to eight people. Once the trailer is set up at its destination, the truck is disconnected and available for side trips or errands. Depending on the model, length and options, the price of a new fifth wheel can range from $15,000 to $150,000, but financing is available for both new and used vehicles.

Fifth wheel camper driving on a mountain road

Towing Vehicle
A pickup truck is required for a fifth wheel camper and must match the towing capacity needed to pull the camper. Fifth wheels are typically heavy vehicles and require a heavy-duty truck, especially if the camper has numerous slide-outs that provide additional living space when the camper isn’t being towed. Purchasing and financing the towing truck is a separate transaction, but the expense is considered part of the total cost of owning a fifth wheel.

Loan Providers
Financing for a fifth wheel can be obtained through the dealership where the camper is purchased or at banks, credit unions and private firms that specialize in recreation vehicle loans. The base interest rate is usually tied to those offered on auto loans, but the buyer’s personal credit score also is considered.

Application Process
The buyer will need to provide employment, income and existing debt information, as well as the amount of financing requested for the fifth wheel. A down payment of between 10 to 20 percent of the purchase price is typical, and the loan must meet the minimum amount the financing company requires. Generally, the camper must be new or no older than the model year set in the finance company’s policy. Some companies will not finance if the owner plans to live in the fifth wheel full time and doesn’t own another home.

Deductible Interest
Although a fifth wheel is mobile and not considered real estate, it still may qualify as a second home. The Internal Revenue Service allows mortgage interest to be deducted on both a primary and second home. According to IRS Publication 936, the camper may qualify as a second home if it is not considered rental property; the camper has basic sleeping, cooking and bathroom facilities; and the loan is secured by the camper or a primary home. This type of savings could help offset the expenses of financing the fifth wheel.

 

 

How to Start an Auto Finance Company

Not many people can afford to put down $10,000, $20,000 or more to buy a new car. Banks may have certain qualifications regarding credit and income. However, an auto finance company has many ways to finance the sale of an automobile. Rates and down payments are higher to compensate for any credit risks with the borrower. With a high profit margin and secured assets such as the borrower’s vehicle, an auto finance company can be lucrative.

Instructions

  1. Contact your state government and pay any application fees it requires to obtain a commercial finance license. In some states such as Florida, the application fee is $825, and there is a minimum of $25,000 liquid cash requirement.
  2. Apply for a line credit from your bank. This is the cheapest form of financing to be lent out to your borrowers. Your profit is the difference in interest between what you pay your bank and what rate you charge your borrowers. If your bank is charging you 3.5 percent on your credit line, you can charge as high as 18 percent to your borrowers, depending on their credit history.
  3. Visit as many car dealerships as possible. Meet the finance manager and present him your lending programs. Car dealerships make money on points they earn on the financing. One point is translated to 1 percent of the entire loan. The easier it is to get their customers financing, the more cars they sell and the more money your auto finance company lends.
  4. Keep a sufficient amount of capital available to make your bank loan payments. Not all borrowers will be steady payers.

 

How to Start Your Own Bad Credit Auto Finance Firm

The purpose of an auto finance company is to provide individuals with the funds necessary to purchase a car. The borrower then pays back the amount of the loan, plus interest, to the finance company. A finance company’s profits come directly from interest charges and any late payment fees a borrower accrues. Individuals with bad credit are much more likely to seek financing through a finance company rather than a bank. Banks are unlikely to extend financing to bad credit buyers, not just because of the higher risk of default, but because of the extra work that comes along with recovering lost funds and repossessing vehicles. A finance company for bad credit buyers can be a lucrative business venture if you take care to market your business in a way that will attract customers and establish loan recovery procedures ahead of time.

Financing used cars will net quicker profits.

Step 1:Gather the necessary capital to start your business and get your paperwork in order. You will need a substantial start-up fund since you will be loaning money out for quite a while before you begin to see a profit. A small business loan or line of credit through your bank is a good option. You must also obtain a license to conduct business in your state and apply for a tax identification number for your finance company through the IRS.

You must have a business tax ID before filing taxes.
Step 2:Market your services to car dealerships that may be willing to refer their customers to you. Your first stop should be small used car dealerships. Small dealerships are less likely to have the financial overhead to service their own loans, and they often work in conjunction with a local finance company. More partners means more profits.

Make deals with local dealerships for customers.
Step 3:Draw up a risk management model. A risk management model is a chart containing how likely a customer is to pay his loan based on his credit score. A finance consultant or computer program can keep your chart updated with the current interest rates. This will help you offer accurate rates to customers based on their scores. The higher a customer’s lending risk, the more interest your finance company can charge.

Risk management model based on credit scores.
Step 4:Consider defaulted loans ahead of time and plan accordingly. When doing business with consumers who have bad credit, the prospect of defaulted loans is a much larger risk. Interview companies in your area that handle vehicle repossessions. The ideal repossession company will charge reasonable fees and do the work of tracking down the debtor for you. The car dealers you are allied with will probably be more than happy to purchase back the vehicle. If the car loan was close to being paid in full, this may even net you a small profit.

You will need help repossessing vehicles.
Step 5:Hire an attorney who can draw up your legal paperwork such as contracts and repossession notices. You must meet certain legal requirements when repossessing vehicles. If you do not conduct repossessions properly, the borrower may have recourse to recover the car and sue you for damages. It is vital that you successfully navigate the legal red tape involved, and its best to allow an attorney to take care of this for you, lest you risk making mistakes.

Be careful not to accidentally break the law.
Step 6:Apply for membership in the credit bureaus’ reporting program. Reporting your customers’ loans to the credit bureaus is important because your customers expect that a good payment history will be rewarded. If you have no method of rewarding their good payment behavior, they are very likely to refinance and this will cut into your future profit margin. Membership in the reporting program is free, but you will have to pay a $75 fee for a business evaluation and purchase your own reporting software.

Report your customers' accounts to their credit reports.
Step 7:Advertise your willingness to finance bad credit buyers. A large percentage of your clientele will come directly from the dealerships you are working with, but you can attract more customers by marketing your business via the radio, print media and the Internet. If you can afford it, you may even consider filming a local television commercial.

Advertise your finance company.
Step 8:Be patient. Because you are the loan servicer, it will take longer for you to see profits from customers. Used cars are cheaper and thus turn a profit for finance companies much more quickly than new cars. By partnering with the right dealerships, you could begin to see a profit in as little as two years and maybe even less.

Wait patiently for profits.

Read more : http://www.ehow.com/how_5494949_start-credit-auto-finance-firm.html

How to Finance Hair Transplants

Unlike some medical procedures, hair transplants are not deductible medical expenses, making them more difficult to finance. However, you do not need to have enough money saved to finance the entire cost of your hair transplants. With a little advance planning, you can have enjoy the benefits of hair transplants today while you make affordable monthly payments in the future.

Instructions

  1. Schedule a consultation with a hair loss specialist in your area. You can search for specialists on your own or speak with your primary care physician to get referrals to some surgeons.
  2. Discuss your expectations with the hair loss specialist. The extent of your hair loss and your expectations for the procedure will determine how much surgery is necessary. Most hair transplant surgeries available today are priced per graft and can involve more than a thousand grafts, causing the procedure to be quite pricey.
  3. Assess the amount that you can afford to pay upfront. The more that you are able to pay at the time of the hair transplant, the less that you will have to finance. In total, this will result in your paying less in finance charges.
  4. Speak with your hair loss surgeon about the financing options that his office offers its patients. Hair loss specialists often have special arrangements with financial companies, as their patients may not be able to afford to pay for the full cost of surgery.
  5. Compare the financing options available directly through your surgeon with competing health care financing plans from companies like Unicorn Financial, Care Credit and Capital One (see Resources below). In addition to comparing the terms over which you need to pay the cost of your surgery and the interest rates, make sure you check whether there is a grace period during which you are not charged any interest at all.
  6. Complete an application for the financing plan of your choice. Be sure to request a line of credit that will allow you to cover the cost of your hair transplant surgery.

 

Financial Adviser’s Job Description

Financial advisers, also known as financial planners, advise individuals, couples and organizations on financial matters, such as spending income, saving for retirement and making sound investments. Although most financial advisers practice as generalists, others specialize in investments, savings or insurance. Individuals looking to become financial advisers must have the relevant professional qualifications and be able to follow industry regulations. Top employers include investment firms, consultancies, insurance carriers and brokerage firms.

Financial advisers can meet with clients in their homes or offices.

Doing the Job

  • To study a client’s financial information, evaluate his financial goals and create a good investment portfolio, a financial adviser needs strong analytical skills. Math skills are also essential, because an effective adviser must convert currencies, determine percentages and derive financial ratios. Financial advisers also need strong speaking and active listening skills to interact and share information with clients effectively.

Advising Clients

  • Personal financial advisers help clients make sound financial decisions by providing all the relevant information. For example, when a client wants to buy education insurance for her children, the financial adviser analyzes the client’s financial position to ensure she can afford the policy, and researches the insurance market to identify the best providers and advises accordingly. These financial advisers also help clients improve credit ratings and secure bank loans.

Maintaining Contact

  • After helping clients implement financial plans, such as investing in securities, investment financial advisers often keep in touch with them to discuss the progress of the investment. When a client wants to change his investment options, the adviser furnishes him with new information on potential investment options. These financial advisers also liaise with financial services providers to ensure the interests of their clients are being met.

Maintaining Compliance

  • Financial advisers must update their knowledge on industry regulations. For example, investment advisers who manage $110 million or more in client assets keep tabs on the US Securities and Exchange Commission to monitor changes in relevant regulations. Other financial advisers or planners usually are regulated by state agencies, such as boards of accountancy.

Getting In

  • To become a financial adviser, you must earn at least a bachelor’s degree in economics, finance, mathematics or business. You also need to obtain a license or registration with a state regulator. Investment financial advisers running large firms must be registered with the Securities and Exchange Commission. To improve your ability to attract more clients, pursue a master’s degree in business administration or earn the certified financial planner certification from the Certified Planner Board of Standards.

Getting Compensated

  • In 2013, the mean annual wage for personal financial advisers was $99,920, according to the US Bureau of Labor Statistics. In the same period financial advisers offering investment services was $117,460, while those working as resident advisers in companies made $92,700. Between 2012 and 2022, the bureau also estimates a job growth of 27 percent for personal financial advisers, greater than the estimated 11 percent average for all jobs.

 

Jobs for Finance Majors

If you are thinking about a degree in finance for your undergraduate degree major, you might be in for a rewarding and lucrative career. While it might be tempting to assume that a major in finance will lead only to a career of numbers-crunching, in reality, various careers in other aspects of finance and financial management are possible with a finance degree.

Financial Analyst
Financial analysts, like economists, analyze financial trends and how a business is performing so they can offer advice and guidance on major financial decisions. Financial analysts may make recommendations about investment strategies and long-term financial goals. These recommendations are typically based on how they perceive the financial data with which they are working. Financial analysts typically analyze various types of investments, such as mutual funds, stocks and bonds to evaluate their performance and potential for economic gain. Analysts work for corporations, banks, financial services firms and even for the government. In addition to obtaining a bachelor’s degree, financial analysts typically obtain licensing through the Financial Industry Regulatory Authority (FINRA). According to the Bureau of Labor Statistics (BLS), financial analysts made a median salary of $73,150 in May 2008.

Financial Manager
Financial managers are responsible for the long-term economic growth of their company or firm. They are responsible for planning and implementing plans that ensure this growth. Financial managers review and analyze financial reports produced by individuals, like financial analysts. They also utilize cash management strategies and help make investment decisions on behalf of a company. The BLS notes that financial managers’ job titles can vary by the function they perform. Some serve as cash managers, others as credit managers and yet others as branch managers for financial firms. The bachelor’s degree in finance can open up careers in this field, but the BLS notes that the master’s degree is becoming increasingly important for management positions. The median annual salary of financial managers was $99,330 in May 2008.

Stockbroker
Stockbrokers and other financial services providers are individuals who work on behalf of clients to help them with both long- and short-term financial goals. A stockbroker is a financial services sales representative who may advise clients to buy stocks in certain companies or other securities like bonds and mutual funds. Some financial services representatives are referred to as financial advisers or financial planners. A degree in finance can provide suitable preparation for individuals wanting to work in this field. Like financial analysts, stockbrokers have to be licensed by passing an exam regulated by FINRA. The median annual salary for financial services representatives, according to the BLS, was $68,680 in May 2008.

 

 

Careers With Degrees in Finance

College graduates with a degree in finance are qualified to work in a variety of settings including businesses, consulting firms, investment firms and other financial institutions. A finance degree provides the accounting, economics and business skills that professionals need to begin their careers in some of the most popular finance jobs.

Budget Analysts

  • Budget analysts play an important role in helping businesses, government agencies and nonprofit organizations put together, review, implement and monitor their budgets. They compile data to create annual budget reports that help managers find ways to reduce expenses and increase earnings.

    Candidates must have good math, communication and computer skills. Entry-level positions are available for candidates with a bachelor’s degree, but a master’s degree is often preferred.

Personal Financial Advisers

  • Also known as financial consultants or planners, financial advisers help clients make investment decisions, plan their retirements and minimize their tax liability. Based on their client’s financial information and goals, they put together a plan to help them accomplish their objectives. They may also sell insurance policies, real estate, mutual funds or other types of investments if they obtain the proper licenses.

    Financial advisers promote their services in a variety of ways in order to get clients. They must have good communication and sales skills to be successful.

Auditors

  • Auditors are responsible for checking the accuracy of a company’s financial records. They give organizations feedback about their bookkeeping policies and make suggestions about improving the efficiency of their accounting systems. They are employed as internal auditors that review the accounting records of their company or external auditors that provide their services to companies or government agencies as independent contractors.

    A degree in finance with an emphasis in accounting will prepare graduates to work in this field. Meeting the education and experience requirements to become a certified public accountant (CPA) may also be required by some accounting firms.

Insurance Underwriters

  • Insurance companies rely on underwriters to evaluate insurance applications in order to determine the risk of loss associated with issuing a life, health or property insurance policy. They are trained to use computer systems, databases and various reports to analyze insurance applications and establish an insurance premium for the policies they issue.

    Good computer skills, judgment and some insurance experience are important in this field. Most insurance companies offer entry-level positions and training for qualified candidates. The Insurance Institute of America also offers continuing education courses and professional designations for underwriters.

Salaries

  • According to the U.S. Bureau of Labor Statistics, the 2009 salaries for these jobs vary depending on several factors including location, employer, experience level and additional training. Experienced budget analysts can make $93,080 or more per year. Personal financial advisers can make more than $114,260 a year not including the bonuses or sales commissions they may earn. Salaries for auditors can range from less than $34,470 to more than $94,050 a year. The average salary for insurance underwriters can range from $40,000 to $71,070 a year.

 

How to Get Environmental Jobs

More and more people are interested in careers that reflect their personal commitment to preserving the environment, but finding the right environmental job can be difficult. Knowing where to start looking, having green experience and focusing your resume will all get you off to a good start on a green job search.

Search for green jobs

Instructions

  1. Check out job boards of leading environmental groups or websites. Green companies and organizations are especially likely to have helpful websites with opportunities listed.
  2. If you’re a student, visit your college or university career center for more information. Even if you’ve already graduated, many schools will still offer help for alumni, so call and find out what resources they have to offer.
  3. Begin your search locally and broaden from there. Look up local environmental service organizations to see what work is available in your community. You may need more experience for state or federal-level jobs.
  4. Focus your resume on your environmental experience. If you have enough green experience, divide up your experience section into “Environmental Experience” and “Additional Experience.” Environmental experience might also include environmental work you have done as part of another job or experience, so highlight the green aspects of all your work.
  5. If you don’t have a lot of experience in environmental service, look for ways to volunteer in your community to build up a base of experience. You’ll also meet people who can assist you in your job search.
  6. Ask for jobs or internships even if they aren’t explicitly offered. Many organizations, especially non-profits, will not post internships but will still be happy to set one up for you if you express interest.

 

Finance Job Skills

To find a job in finance, you will need to use your math, statistics, budgeting, bookkeeping and business skills. Finance jobs relate to managing money for different purposes. If you work at a car dealership, as the finance manager you would oversee the representatives who get customers approved for new and used vehicle loans.

Finance jobs require knowledge of financial principles.

Cash Flow

  • A finance job requires skill in tracking cash flow around a business. In some businesses, you collect and handle cash, prepare reports documenting cash receipts and make deposits to the bank. In other businesses, cash flow management begins with handling cash receipts or records, verifying revenues collected and posting revenues to the right accounts. The other side of cash flow involves disbursing cash from the right accounts to the right invoices, such as paying the company’s expenses.

Asset Management

  • Another skill set applies to managing the assets of a business. You might ensure that a company has enough assets to cover its financial commitments at any time. Your skills might apply to a career in corporate banking or finance, or you might consider investment consulting, helping businesses and consumers to grow their assets by investing and getting a higher financial yield than they would by depositing money in a bank savings account.

Quantitative Skills

  • You need educational preparation and strong skills in quantitative disciplines, including statistics, math, economics and computer modeling. These skills work well with analytical skills to help you understand financial problems from different angles. To work for a corporation, you will have to use quantitative skills to help your employer achieve goals and objectives. Number-crunching helps you to make financial recommendations to managers and executives.

Information and People Skills

  • Utilize your skills in problem-solving, information-gathering and customer service in a financial services career. You might find work in your own small business or in companies that provide services to consumers. People consume financial products, such as loans and investments, to use money for different goals. You might work in commercial or residential real estate lending, banking services or other financial services such as selling insurance policies and annuities.

 

Jobs That Fall Under Financial Service Careers

To be successful in financial services careers, individuals must be analytical, with a passion for breaking down figures and explaining them to their clients, colleagues and oftentimes, investors. Financial service careers can range from a customer service agent calling to collect on a past due bill to a chief financial officer who oversees spending and manages the profit center of a business.

Personal Financial Advisor
This type of career revolves around helping individuals create a financially sound future by offering tax, insurance and investment advice. This job requires the ability to network and market your services effectively to gain a larger clientele, since in many cases personal financial advisers have to find their own business leads.

Investment Broker
Investment brokers work with buyers and sellers. They act as the middle man, as they help with the buying and selling of commodities among parties. They often work with private and public organizations. Their pay primarily comes from the commission they make on their deals.

Auditor
Auditors work to assure that companies are adhering to compliance laws and regulations regarding the financial dealings of their company. They review everything from financial statements to client files, checking them thoroughly for accuracy.

Insurance Agent
Insurance agents offer protection options to consumers and businesses. They offer casualty, life, health, disability and long-term care insurance that provides coverage if an accident or emergency occurs. They work to advise their clients on way to reduce risks in their homes and at their businesses, which may help reduce insurance costs.

Accountant
Using generally accepted accounting practices, accountants work with businesses and families to keep track of money spent and money earned. They ensure that financial documents are up-to-date and accurate. They are responsible for tax records and preparation.

Financial Consultant
Most financial consultants operate independently and run their own businesses. They are responsible for securing their clientele. They work with businesses and individuals in a combination of capacities. They may play the role of a financial adviser, insurance agent, auditor or analyst depending on the businesses’ needs, the consultant’s skill set and licensing.

Retail or Commercial Banker
Bankers work with businesses and individuals at small and large banks. They are responsible for building a relationship of trust with clients, handling financial transactions, reviewing accounts and suggesting new financial products to customers when applicable.

Financial Analyst
Financial analysts review and analyze financial statements for businesses so that they can make effective recommendations regarding investment decisions, investigate industry trends that can hurt and help the business, and project future earnings. They review sales, expenses and tax information to advise both large and small business owners.

Bill and Account Collector
Collectors contact customers to let them know a payment is past due and make payment arrangements where necessary. They work for organizations to collect receivables and update accounts.