Jobs in Banking and Accounting
What are bank jobs?
Banks are entities that are mainly dedicated to the loan of funds obtained in the form of a deposit. It is a highly regulated industry and must adhere to state compliance policies such as license to operate, proper rule regarding its directors, officers and owners, periodic and special examination of its activities and to ensure safe banking practices.
Banking institutions typically use the following:
• Accountants
• Financial Analysts
• Credit analysts
• Branch managers
• Loan officers
• Mortgage Bankers
• Bank tellers
• Trusted officers
Since it is a highly regulated industry, employees are expected to act with the utmost security and confidence.
What are accounting jobs?
Accounting work is the process of collecting, compiling, and communicating information related to finance and business. It is usually in the form of a financial statement showing assets, liabilities, accounts payable, and taxes owed, among others. It is important in business management and other economic ventures.
Who’s who in accounting jobs?
Accounting jobs are filled with a variety of players and promoters in the business industry. There are people who put numbers together, some analyze them and some make a report from them. There are several types of accountants and they are classified according to the main work they do:
1. Public Accountants offer their services to the public, which may be a corporation, partnership, or an individual. Their services range from bookkeeping, auditors and tax preparation.
2. Private accountants are also commonly known as in-house accountants. They basically take care of the company’s book of accounts and include the company’s accounting staff.
3. Government Accountants are those who work for the government. They work at the federal, state, and county levels, among others.
An experienced accountant is a valuable asset in any business venture. Accounting jobs help businesses achieve their goals and provide accurate figures that are crucial to their success. As such, it is necessary that the relationship between the accountant and his client is made of trust and security. This is because the client must receive sound financial advice from their accountant, and they must also trust the accountant with certain confidential information.
Who are Certified Public Accountants?
Certified Public Accountants, or CPAs, are accountants who are licensed by state regulatory agencies, such as the US Board of Accountancy. These CPAs meet the educational and ethical requirements set forth by state regulatory agencies. In addition, these accountants have passed the CPA licensing exam and have been licensed to practice by state boards of accountancy. In the US, only a CPA can perform the required audits of publicly traded US companies. Also, CPAs charge more for their accounting services compared to other accounting professionals.