Jobs that are Available in Finance – Do you know that there are a lot of areas you can delve into as a finance professional? To some people, it sounds as if there are not many career paths in finance, but whatever may be your opinion or understanding about it does not really matter now, because in this article we are going to list out all the available jobs in the finance career path for you. So if you are interested in knowing the available career paths in finance, please follow this article to the end.
About the Finance Market
The finance job market is an open field for thousands of people to go into. There are very many options you can consider to go into if you are a graduate with a finance background. You can find career paths and opportunities in areas such as accounting, baking, investment, insurance, financial consulting asset management, and many others.
Basic Jobs of a Financial Professional
As a financial professional, here are some of the basic jobs you are expected to do:
- Analyzing financial data
- Creating financial reports.
- Conducting financial research
- Forecasting financial trends.
- Creating and implementing financial strategies and plans.
- Advising clients or organizations on financial matters.
- Managing financial transactions and investments.
- Evaluating and managing financial risk.
- Ensuring compliance with financial regulations and laws.
List of Jobs that are Available in Finance Industry?
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- Accountant
- Financial analysts
- Insurance underwriters
- Budget analysts
- Investment Manager
- Financial adviser
- Banking/Bankers
- Risk Managers
- Information Technology Auditor
How Many Jobs Are Available in Finance?
If you are a graduate with a background in finance, and you don’t know the area you can specialize in, here are detailed explanations of some of the available areas you can focus on. They are as follows:
Accountant
They are the ones in charge of preparing financial statements, giving accurate financial reports examining the financial records of the firm that they are working for.
To become an accountant, you have to obtain a Bachelor’s or Master’s Degree in Accounting as a qualification for the job. Moreso, an accountant can further his or her career by becoming an associate of the chartered accountants of Nigeria
Financial analysts
Financial analysts are those who work with financial institutions and lenders to determine credit ratings. They help organizations to determine how much risk is involved in lending an individual or business money for their business concerns. All the credit documentation that banks, credit unions, and other lending organizations use to determine whether someone is eligible for an extension of credit, is prepared by the financial analysts
Insurance underwriters
Insurance underwriters are financial professionals who must have knowledge and understanding of insurance risks that are related to the business in question, so as to be able to analyze applicants’ financial information.
They work as third-party mediators between insurance agencies that provide policies and insurance companies that want to reduce risk. As an insurance underwriter, you are expected to have qualities such as:
- Analytical skills,
- Communication skills,
- Critical-thinking skills,
- Attention to detail,
- And mathematical skills
As an insurance underwriter, you need to have a minimum educational requirement of a Bachelor’s Degree in Finance, Accounting, Economics, or a related field.
Budget analysts
Budget analysts are financial professionals who work in private or public organizations and provide support in the planning and development of company budgets. They help the organization to make plans for their budgets. Their job includes evaluation, monitoring, and documents for spending activities of their companies, either in a month or in a year. They make sure that the company’s resources are well allocated, and after that, they prepare a report and send the to the appropriate persons like the director or the CEO.
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Investment Manager
An investment Manager is a person that is responsible for managing investment assets, providing financial planning for individual or business clients, and giving them investment guidance that will help the clients to make more informed decisions.
Banking/Bankers
- In the finance sector, banking is the most well-known job that is open for so many people in the financial field. Working in commercial banks is one of the job opportunities that is opened for those in the field of finance, who have to work as bankers checking accounts, and financial savings accounts, They oversee:
- Verification and confirmation of customers’ identities
- Processing financial transactions
- DepositIing and withdrawals,
- Loan payments and check to cash
Financial adviser
A Financial adviser is a professional who gives financial advice and guidance to individuals, organizations, or businesses on how to make long-term investments. They often help people assess:
- Investment opportunities,
- Manage financial risk
- And monitor assets
Risk Managers
Risk managers are those who are employed with the sole responsibility of overseeing the risk that will eventually befall a company and ensuring that they are corrected, they include and are not limited to:
- Credit risk,
- Market risk,
- Operational risk,
- And liquidity risk.
Most times a company can decide to invest a huge sum of money into a particular business say some sophisticated technology, it is then the duty of the risk manager to help the company to measure, manage, and mitigate the risks that may arise from such business investment. Before you start this career, you have to obtain the Professional Risk Managers’ International Association (PRMIA) or the Global Association of Risk Professionals.
Information Technology Auditor
This career is in the area of auditing, those involved in this career are called IT auditors, they can work for government agencies or private companies. The main duty of the Information Technology auditor is to ensure that the technology infrastructure of the government or company that he/she is working with meets compliance needs and other enterprises’ IT needs. All they do is conduct audits for the company they are working with.
Conclusion
For those of you who want to know the available job areas in the field of finance, we hope that you have been able to see one or areas you can actually specialize in now after you have diligently read through the article. Thank you for reading the article. Keep us posted if you have any questions to ask.
