Finance executive positions vary in the banking industry, including account executives who network with mortgage loan providers, regional managers overseeing branches, and senior-level positions like CFOs and controllers. Other positions include credit officers, investment product account executives, and securities brokers. These roles require a minimum of four years of higher education, with preferred disciplines in finance and accounting.
Finance executive positions come in many forms, with different roles. In the banking sector, for example, you can find account executives whose main tasks include dealing with mortgage brokers to generate loans. Executives known as regional managers usually have the primary role of overseeing a group of commercial bank branches in a given region. There are a number of senior-level finance executive positions, which include controllers, chief financial officers and chief financial officers. Other executive finance positions include credit officers, investment product account executives and securities brokers.
In the banking industry, an account executive’s job may require the job holder to network with mortgage loan providers to produce loans, among other items. Account executive title is also found in other areas of finance such as insurance and securities brokerage. In the field of insurance, the account executive’s primary tasks include maintaining relationships between the company and policyholders. An account executive in the brokerage industry is commonly referred to as a securities broker. Generally, your job may involve buying and selling securities, such as stocks and bonds, on behalf of clients.
A regional manager is essentially an executive who oversees various branches of commercial banks and other savings institutions. He or she might oversee anywhere from five to 15 branches in a given city, for example. The regional manager’s responsibilities may include working with branch managers to achieve specific goals. For example, a specific goal might be reaching a certain net income number in a certain period.
Controllers are financial executives whose duties involve preparing company financial reports, monitoring accounting records, coordinating daily financial and accounting procedures, and much more. Chief financial officers, also known as treasurers, are responsible for directing financial planning, raising capital, investing funds, and many other tasks. Chief financial officers (CFOs) are generally the most senior financial executives in most companies. Typically, CFOs handle the major strategic planning concerning a company’s financial affairs. They plan, oversee, and orchestrate an organization’s financial activities, across a broad scope.
Additionally, positions such as credit officers involve coordinating credit departments. The primary function of these departments is to assess the degree of risk associated with lending activities to banks and other lending institutions. The executive functions of the investment products account primarily involve the sale of investments and related services to banking clientele. Additionally, most executive finance positions require applicants to have a minimum of four years of higher education, and higher positions require higher degrees such as a master’s degree. Additionally, preferred disciplines for executive finance positions include finance and accounting.
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