Finance-Banking Key Tasks

Job Title	Key Tasks	Work Lifestyles- People Dealing
Actuaries	Employ assumptions of likelihood to financial issues Provide educated assessment forecasts Advise on investments Provide insightful consequences in order to direct business activities Construct and control updated pension plans Provide concepts using state of the art computer software Calculate charging fees, bonuses etc Monitor financial health of companies Provide advice on pensions and benefits	This section is provided to indicate what we term as 'People Dealing' in the work environment, and includes all contacts made within the work environment. It is aimed to provide insights for inexperienced candidates of the types of situations that may arise as a result of their intention to achieve career goals. Possessing creative abilities and good academic qualifications are not enough to operate successfully in any arena. Research regularly indicates that a workforce needs to be content if it is to work both efficiently and effectively for the common good of a business or institution. The Key Tasks indicated in the tables alongside provide an overview of an employers expectations of the actions an employee will be required to perform. This overview should be considered merely as a start point for candidates who are considering a career in this arena. Work lifestyles are an important aspect of any career as they occupy a significant percentage of our lives. For this reason Sell Yourself Recruitment Ltd has chosen to highlight other factors likely to weigh heavily found in any career path. By making candidates aware of the potential work lifestyle challenges encountered via People Dealing we hope to equip them with an awareness they might only have gained through experience - good or bad. A necessity to provide this information stems from the fact that People Dealing plays significantly not only in the workplace but also in the home. The term 'we are what we eat' is easily mirrored by our intention to work at a career that is good for us rather than one that is simply a tool for income. Sell Yourself Recruitment believes that being employed in a job that you detest is harmful to your health. Many work lifestyle challenges found in the financial and banking arenas will also be repeated in other disciplines, it is essential that any decision to opt for a career (20 to 40 years) in a particular field is decided upon with as much understanding of what to expect as can be passed on. Common key tasks among the disciplines are highlighted below. Please use the links to view our Work Lifestyle People Dealing assessments: Project Management Retail Management
Bank & Building Society Managers	Effectively manage a branch to meet expected targets Motivate staff to benefit their interaction with customers Interact locally with other professionals Meet and review clients to decide on appropriate loan commitments Lead on local marketing strategies Provide staff training Provide effective customer support
Chartered Accountants	Examine clients' accounts in order to provide a credible endorsement of authenticity Carry out external audits and organize a record of annual accounts Interact with clients to advise them on the determination of tax liabilities and deal with Taxation Office Provide indicators to suggest business expansion/improvements Take over insolvent companies in order to rejuvenate their financial standing Identify companies likely to become insolvent Provide financial management services when necessary
Chartered Certified Accounts	Carry out external audits Provide advice on taxation Provide financial policy advise to managerial staff Carry out internal audits and present accounts Ready statements and business forecasts Additionally also includes work of those in Chartered Accountancy
Corporate Bankers/Financial Specialists	Employment commonly in investment or corporate banking Loan reviews and decisions to proceed Participate in client conceptual notions regarding expansion Take over or dispose of failing businesses Research current market trends and indicate future possibilities Provide professional insights to clients in regards acquisitions Raise capital for investment Manage the financial and legal issues involved with company flotation's, mergers and takeovers
Financial Accountants	Manage business finances Advise on information collated from financial records Prepare regular accounts for managers Identify and recommend strategic directions to improve future prospects Be available to offer financial advise regarding company purchases to all managers Attend the Board of Directors meetings and provide financial status reports Juggle with working capital, debtors, creditors and stocks in order to maintain a credible balance
Financial Advisers	Determine clients' financial situation Provide advice/recommend financial products Rolling research programme reviewing newly introduced financial products Select appropriate policies and investment for specific clients Retain client records to present to appropriate government departments Review client records at regular intervals or at least annually
Forensic Accountants	Employment commonly with legal professionals and regulatory authorities Carry out fraud and other criminal investigations Calculate profit losses created by business failures Analysis of records, transactions and other data relevant as evidence to ongoing investigations Support legal action and assist in negotiations Present professional accounting evidence in court
Insurance Brokers	Assess risks to clients in order to provide a solution Research products in order to match client costs with appropriate cover Identify cases of specialist insurance to negotiate fee Regularly interact with clients to keep abreast of their changing situations Regularly interact with insurers to keep abreast of their new products Provide a conduit by which clients can make claims
Insurance Underwriters	Employment commonly with insurance companies or a syndicate at Lloyds Assess client risks Utilise all data available from financial institutional resources Seek additional expert advice when necessary Determine when and reason why to accept a risk Choose the need for additional conditions when appropriate Commonly specialise in a single arena e.g. marine, auto
Investment Analysis	The provision of accurate and up-to-date critical information for stockbrokers, market traders and fund managers Specialise in specific arenas Monitor global markets Assess and determine how to present companies' financial information Identify potential investment businesses Research and provide reporting on the whole spectrum of influential financial global arenas Review reporting in the financial press
Investment Bankers (Sales)	Fundamental task of promoting a bank's services Monitor financial news and present interpretation to clients Arrange and present at meetings with clients Possess the vision to interpret records provided by research teams to use effectively in the marketing arena Maintain a conduit to traders, structures or fund managers Use all modern communication devices available to speak with clients throughout the working day Liaise with clients day and night to improve relationships
Management Accountants	Found in the commerce and industry sector Act as an accountant except for external audits Participate in senior decision making relating to strategic aims Offer professional advice to management team relating to fiscal policy and control Determine with managers the cost effectiveness of current projects Regularly provide reviews of fiscal policy and controls from data collected Determine profit forecasts and budget information to circulate to senior management Provide a rolling programme to monitor financial information with a view to improve upon how information is collected
Pension Managers	Management of multi-type pension funds Introducing new pension fund plans while reviewing and improving existing plans across several companies Identify suitable investments Monitor external financial and legislative influences relating to pensions Provide comprehensive reporting for trustees and members Act as a financial contact point between actuaries, employers, solicitors, investment managers and accountants Supervise a team of pensions administrators
Public Finance Accountants	Employed commonly in central or local government Manage resources efficiently Identify new efficiencies and mechanisms to save funds Oversee the management of funds for several departments Assess the introduction of new legislation and its financial implications Produce business plans and projects Perform internal audits Advise senior management in areas of capital investment
Risk Managers	Identify and manage risks Justify action taken in regards risks that have been identified Provide calculated forecasts that indicate potential flaws and risks in any action taken Contingency planning Recommend action to be take in regards any risk - i.e. reduce it, ignore it or transfer it
Stockbrokers	Employed commonly in investment banks Handle the sales transactions of securities on behalf of clients Assess client investment status Provide up-to-date investment recommendations that are client specific Monitor share prices Handle buying and selling to maximise profits on behalf of clients Specialise to improve understanding of specific commodity
Tax Advisers	Provide clients with professional advice in regards tax payments Specialise in compliance work or consultancy Specialise in personal, corporate, international or Value Added Tax Assess the introduction of new legislation and its financial implications Provide international oversight to clients Perform inspections of tax returns submitted by clients and ensure their veracity Liaise with HM Revenue and Customs
Traders	Employed commonly by banks Handle financial products and commodities Research the market in order to set a price Operate as part of a team to maintain a constant appreciation of market fluctuations Commit to long working hours
Treasurers	Employed by a wide variety of institutions Handle and control all aspects of a company's financial processes Manage capital including the raising of funds Manage all financial relationships Manage business and financial risks Manage financial security