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| Career Avenue
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Job prospect in banking sector include the following area of work:
Being a teller requires a great deal of attention to detail. The teller is the person most people associate with a bank. Tellers make up approximately one-fourth of bank employees and conduct most of a bank's routine transactions. Among the responsibilities of tellers are cashing checks, accepting deposits and loan payments, and processing withdrawals.
The responsibilities of financial managers include, creating business plans and forecasts, evaluating existing business processes and new business proposals for financial impact. Further they direct bank branches and departments, resolve customers' problems, ensure that standards of service are maintained, and administer the institutions' operations and investments.
- Bill and Account Collectors
Bill and account collectors locate and seek payment from people, called debtors, who have overdue bills. Bill and account collectors attempt to collect payments on overdue loans.
A Loan Officer evaluates, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. These are mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
- Financial Customer Service Representatives
Financial customer service representatives promote their financial institution's products and services, keep records of transactions, open and close accounts, accept payments, and receive and pay out money.
Duties of Financial Customer Service Representatives are:
1. promoting the institution's products and services at every possible opportunity
2. handling transactions for current accounts (savings accounts, personal chequing accounts)
3. selling foreign currency, traveler's cheques, money orders and drafts.
- Bookkeeping, Accounting and Auditing Clerks
Bookkeeping, Accounting and Auditing Clerks are involved into computing, classifying, and recording numerical data to keep financial records complete. Their field includes combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records.
Bookkeeping, Accounting and Auditing Clerks performs various tasks:
- Records financial transactions and other account information to update and maintain accounting records.
- Evaluates records for accuracy of balances, postings, calculations, and other records pertaining to business or operating transactions and reconciles, or notes discrepancies.
- Processes negotiable instruments such as checks and vouchers.
- Compiles reports and tables to show statistics related to cash receipts, expenditures, accounts payable and receivable, and profit and loss.
This is a common entry level job which requires that you evaluate business and consumer loan applications made to your bank. Your duties include projecting a company's future cash flow, evaluating its current financial soundness, visiting and interacting with financial people at businesses and dealing with lenders.
The trust officer is involved in delivering trust services, financial products and advice to bank customers. This work will give you knowledge of business, investing, estate planning, taxes, probate law and will involve a lot of counseling.
Mortgage banker makes mortgage loans to homebuyers and businesses. This involves heavy contact with real estate professionals, credit checks, and dealing with new buyers.
The various employment opportunities prevalent in Indian Banks such as State Bank of India, Government owned Banks, Government Banks, Commercial Banks, BSRB & Reserve Bank of India. These are:
- Reserve Bank of India Jobs
- State Bank of India
- Union Bank of India
- Indian Bank
- UCO Bank
Banking Sector in India comprises of Commercial Banks and Co operative Banks which conducts the exams for the recruitment of candidates for various positions. The vast banking sector creates numerous employment opportunities, assuring a decent pay scale and satisfying career prospect. Banking openings in India are available at different levels, from Bank Clerical to Probationary Officers
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