Monthly Archives: August 2021

A Career in Banking…It’s Still a Good Choice

https://www.intracoastalbank.net/about-us/intracoastal-bank/blog-5.html

The banking sector is going digital at increasing rates, integrating banking business with continuously advancing technology. With this new age banking and finance comes strong, stable career opportunities. 

The banking industry offers several careers within a financial institution. A career in banking is open to most individuals, with some positions only requiring a high school diploma or equivalent. There are several career paths in banking that individuals can choose to pursue. Here are some of the most common:

Bank Teller – an entry-level position that involves providing customer and basic banking service to bank customers. Some of the duties of this position include taking cash, checks and other forms of payment from customers, depositing and dispensing money from customer accounts and answering basic banking questions and concerns.

Customer Service Representative/New Accounts Representative – a position responsible for helping customers set up new accounts (checking, savings and investment). These bank employees help individuals with their personal banking needs as well as assist business owners with their commercial banking demands.

Financial Clerk/Administrator – a position responsible for financial administrative tasks such as processing invoices, managing financial records, keeping track of transactions and reviewing financial information and documents.

Accountant/Auditor – a financial professional, typically a certified public accountant (CPA), who is responsible for ensuring financial statements and records are up-to-date and the bank is abiding regulations, compliance laws and generally accepted accounting principles. Some of these duties include analyzing and documenting the institution’s financial information, creating financial reports, performing audits, resolving any discrepancies and providing pertinent and timely financial information to help management make informed decisions regarding budgets and finances.

Investment Banker – a financial professional who is responsible for working with the institution’s clients to determine their financial goals and needs and providing solutions to meet them. The duties of this position include evaluating client financial data, creating investment portfolios and performing analyses of these portfolios, overseeing client investment transactions and maintaining relationships with the bank’s investment clients.

Loan Officer – a financial professional who oversees the approval of real estate, credit and business loans. The duties of this position include meeting with loan applicants to determine eligibility and needs, assisting with the loan process from application to closing and ensuring loans comply with regulations and laws.

These are only some of the career possibilities. Yet, no matter which path you may decide to take, a career in banking offers several attractive benefits. The most prominent include:

  • Competitive salaries
  • Benefits, including medical insurance, paid time off, sick leave and disability insurance
  • An array of positions to choose from
  • Job security
  • Advancement and career development opportunities
  • Good working conditions and reliable hours

Many banks will hire individuals with no banking experience, offering on-the-job training to those who are willing to learn and accept responsibility for the duties their specific position requires. Some banks will even offer tuition reimbursement and assistance programs for job-related classes or courses for those looking to increase their abilities and the opportunity for upward mobility within the workplace.

So, if you’ve ever considered a career in the banking, now is the time to explore the possibilities and opportunities this ever-advancing industry has to offer.

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