Financial services is a fast-growing industry throughout the globe. This means that there are numerous options for careers especially in accountancy and senior finance. Understanding what jobs you can get in accountancy and senior finance can help you plan your career trajectory.
Accountancy and senior finance jobs typically involve overseeing the finances of either individuals or organisations. The jobs may also involve consulting with people to help them better manage their finances. Here are some of those jobs:
Conveyancers combine their financial education with a knowledge of real estate law to help with the transfer of property to a new owner. They perform research about the property, ensure that property owners follow all conditions stipulated in the contract, fill and file paperwork, handle negotiations between property buyers and sellers, among many other duties.
Accountants handle the financial records of companies across sectors including banking, insurance, charity, tax, entertainment, or anything else. Accountants are responsible for preparing tax returns, auditing accounts, preparing financial statements, monitoring the financial health of an organisation, among many other duties.
Management accountants use their knowledge of both accounting and economics to give them strength in mathematical figures and financial data analysis. Besides having excellent problem-solving skills and astute business knowledge, management accountants are attentive to detail and have a good understanding of financial records.
Management consultants, who are also referred to as management analysts propose improvements for operational efficiencies, in an effort to increase the profitability of organisations through increased revenues and reduced costs.
Credit analysts typically work for banks and other money lenders to help assess the risk of lending money to clients. They research the credit history of clients and create reports with recommendations on the level of risk involved in approving a loan.
Bookkeepers keep detailed records of an organisation’s accounts. They keep track of all the transactions of a business and use that data to prepare financial statements for business executives and managers. Depending on the organisation they work for, bookkeepers may also be responsible for preparing invoices, handling payroll, and following up on overdue accounts.
Auditors are responsible for preparing, organising, and maintaining financial records. They examine financial records and assess financial operations to ensure both accuracy and compliance with regulations and laws. They examine organisations’ funds to identify mismanagement as well as areas of improvement. Internal auditors work for the organisations they audit while external auditors work outside of the organisations that they audit.
Financial analysts evaluate the current and historical financial data and study business and economic trends. They help business leaders determine the value of their businesses by examining financial statements. Financial analysts use their knowledge and understanding to help both individuals and businesses make better investment decisions. They work in insurance companies, banks, private businesses, and securities firms.
Actuaries typically work in the insurance industry and help insurers decide whether a company, building, or person is worth insuring based on financial risk. They use a combination of mathematics and computer software to determine potential outcomes. They analyse data and present it to their clients to help them develop strategies and policies to provide customer services, such as insurance, as well as protect client investments.
Personal Financial Advisor
Personal financial advisors help clients to understand their financial health and make better personal investment decisions. These professionals monitor the state of their clients’ finances and investments and can provide advice on mortgages, estate planning, taxes, retirement, insurance, etc.
Chief Financial Officer
Chief financial officers oversee all the financial departments of an organisation. They create the financial goals of a company and manage the teams responsible for controlling the company’s finances. They also monitor and assess cash flow for any issues and ensure that they are resolved.
Economists use their knowledge and experience to attempt to predict the way the economy is likely to act in the future. They collect and analyse data to forecast coming trends. Economists use these forecasts to advise businesses and other financial professionals about which decisions are likely to benefit them most.
Budget analysts help companies manage their budgets. They usually monitor the finances of a company to help reduce spending and resolve issues. Budget analysts typically assess any budget proposals and either approve or deny requests for funding. They also evaluate the financial needs of an organisation and adjust the budget accordingly.
Accountancy and senior finance jobs are in plenty both in the private and public sectors as clearly shown here. You can slo source high-paid jobs in this area through a recruitment agency. Depending on your level of education, specific interests, and experience, you can rest assured that there’s a job for you. Keep in mind, however, that these are just some of the jobs available. There are many other jobs available in this industry not listed here.