Financial Services

Careers in finance involve knowing and offering the best products and services to your clients.

does the financial Services sector Interest you?

So what is it & what are the opportunities

Banks / Insurance  / Finance Companies / Accountancy

Financial services are classed as the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, and investment funds.

Banks

While there many types of Bank, they generally fall into one of three main categories, Retail, Commercial, and Investment Banks:

Retail Bank:

Most people are familiar with retail banks, as they are aimed primarily at us, the consumers. Retail banking can mostly be thought of as everyday banking, including other financial services. Aside from having basic banking services, retail banks provide financial advice which usually leads onto the offer of personal loans and mortgages.

Commercial Bank:

A commercial bank is a financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products. Both retail and commercial banks can generally be found under the same roof but the commercial banks focus is more around deposits and loan services for corporations or large/middle-sized businesses.

Investment & Personal Bank:

Investment & personal banks live to serve large organisations, institutions and high net worth individuals. They serve them by helping manage complex financial tasks, some of which include raising capital and the facilitation of corporate mergers & acquisitions.  

Insurance

Within the Insurance Sector there are so many opportunities and indeed job roles. If you are customer focused individual that loves customer service, then this sector could be for you! In an ever-changing world with the relentless introduction of new technologies, personal and commercial threats, there is always the need for new insurance products and existing products that constantly evolve. Because of this the insurance industry can make for a very exciting and fluid industry to get into.

Careers in insurance not only provide you with the opportunity for strong earning potential in an ever-changing and growing industry but also gives you the chance to develop key skills that can be used across various roles in Insurance.

With differing levels of complexity within a plethora of roles, the insurance industry is an exciting place to be. Careers include;

  • Claims & Loss Adjuster
  • Broker
  • Underwriter
  • Actuary
  • Risk Surveyor
  • Sales Agent

At Tyson Wilson, we recruit heavily for the Insurance industry so please reach out to either find out more on this exciting industry or submit your cv to: jobs@tysonwilsonrecruitment.co.uk

FINANCE COMPANIES

Finance companies are organisation that provide personal (Consumer Finance) and business (Commercial Finance) loans. These companies differ from banks in that they don’t deal in cash sums from their clients, it is all based around terms of credit.

They make their money from the interest rates charged on the credit agreements between them and their clients. Traditionally these fees are higher than banks but access to funds is a lot easier than it is with banks.

ACCOUNTANCY

Overall, businesses exist to make a profit and no matter if it is a small, medium, or large-sized business, they all need financial experts on their side to ensure that the company accounts all add up. Accountants constantly monitor and manage company cash flows, expenditures, profits, and/or losses.

Accountants are as much advisors as they are financial custodians of a business. They often find themselves providing and explaining financial information to business owners or the C-suite.

There are many opportunities within Accountancy and jobs or careers within this field include:

  • Advisory
  • Audit
  • Tax
  • Corporate
  • Financial accounting
  • Forensic accounting
  • Management accounting
  • Risk assessment

Do you want to grow your business?

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