Despite heavy layoffs in 2008 and
2009, the banking sector has once again emerged among the fastest growing
industries to offer better career options. This particular industry provides
both lucrative and rewarding career opportunity to aspirants. According to an
article published in Business Standard, the banking sector may come up with up
to 20 fresh jobs in the next 5-10 years. This is because of issuance of new
licenses and efforts being made by Reserve Bank of India and government. By
this significant approach, the banking sector will be among the top job creators in
2014.
The Banking and finance industries looks for
individuals who can sell and have operational, managerial and IT skills. Since
a plenty of positions are available in banks and finance, a career is obviously
varied and diverse. However, before deciding to work in this field, it needs to
take a step back and consider which type of position would be suitable for you.
Here is a list of some top positions in bank and finance with a brief highlight
about them. Keep going ahead with this blog and determine which position you
want to achieve.
Bank Teller
You can see bank tellers among the
first people when you enter a bank. Bank Tellers offer excellent client
service. They help resolve clients' problems by identifying referral
opportunities for new products and services based on the customer’s financial
goals. Apart from processing customer
transactions (like loan payments, savings
deposits and all), they explain clients about bank products like loans and
certificates of deposit to customers. They also resolve account service issues
and respond to clients quarries promptly and effectively.
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| Banking Jobs that Pay High Salaries Flickr: 401(k) 2012 |
For a bank teller, you need to have a
strong customer service skill, excellent verbal and written communication
skills, analytical and problem solving skills, basic computer skills, and much
more.
Financial Analyst
Financial analyst is one of the
foundation stones of a bank. A bank depends to the great extent upon financial
analysts for their expertise and guidance on investments, borrowing and other
financial decisions. A financial analyst plays a major role. He tracks
financial status by keeping watch on variances of plans, determining financial
status by analyzing and comparing plans and forecasts with actual results. They
also contribute to improving financial status by analyzing results and
variances; recommending actions, identifying trends; reconciling transactions by
comparing and correcting data. Furthermore, a financial analyst increases
productivity by developing automated applications; eliminating duplications;
coordinating information requirements. He or she provides information to
management by assembling and summarizing data; preparing reports; making
presentations of findings, analyzes, and recommendations.
To work as a financial analyst, you
need to have a bachelor's degree, often in accounting, business administration,
statistics or finance.
Loan Officers
Employers generally recruit loan
officers who also play a vital role and contribute for the growth of an
organization. The role of a loan officer includes assisting individuals and
firms in applying for loans, assessing individuals' creditworthiness and helps
them determine the most appropriate type of loan for customer's needs.
Moreover, a loan officer also evaluates loan applications by confirming credit
worthiness, rejects applications by informing applicants of additional
requirements, approves loans by issuing checks or forwarding applications to
loan committee, helps customers by giving them complete information about
interest and all.
If you want to apply for a loan
officer, you need to have a degree in finance, economics or a related field.
You can apply for jobs in banks and financial institutions or loan lending
firms.
Conclusion
Aforesaid is a list of top positions
that are offered in bank and finance industry. If you want to apply for them,
find a professional school which provides courses relevant to these positions.
Author - Sumit Dawas is a
leading content strategist for www.learnwithflip.com,
a largest e- training and certification offering in Banking and finance in India.
