What does a Financial Specialist do?
Financial professionals provide a broad range of financial services and advise and educate clients on a variety of money topics from life insurance to the stock market. They recommend products and services, and may assist with opening or managing accounts. They provide guidance for long-term future planning, assisting clients in areas such as retirement arrangements and investments. They often are expected to recommend particular products and services and may have sales or revenue goals to meet.
Financial professionals generally have a bachelor’s degree and a background in a financial role or a related field such as insurance or real estate. Excellent people skills are a must. These positions often require a variety of licenses, which could include a life insurance license or a Series 7 securities license. There are also an assortment of clearances and background checks routinely involved.
- Serve as a supportive role model to the clients and peers.
- Show sincere appreciation for each customers time and business.
- Handle other services, such as stop payments, wire transfers, etc.
- Engage with customers to resolve disputes, and account reconciliations.
- Identify and implement automations to meet client and business needs.
- Develop and achieve departmental budgets for all areas of responsibility.
- Responsible for making sound decisions and timely problem resolution.
- Finalize and apply to the costing after review and finalization in consultation with costing director/s.
- Perform a broad range of tasks of varying complexity and scope.
- Accurately perform customers' financial transactions by producing quality work.
- Proactively reach out to customers to deepen relationships through needs-based conversations.
- Foster and maintain positive client relationships to support the practice.
- Direct members to the proper department or personnel when necessary.
- Maintain accurate and up to date referral sources.
- Create the core messaging and content for digital programs, field marketing, sales engagements, and channel marketing.
- Bachelor's or Graduate's Degree in accounting, business, engineering or business administration, or equivalent experience.
- Strong command of English language and good communication skills.
- Proficient with Microsoft Office Suite, especially Excel.
- Strong leadership, time management, and critical thinking skills.
- Comfortable making decisions and conducting business process analysis.
- Can multitask and pay strict attention to details.
- Demonstrated positive attitude and confidence on the job.
- Is a natural problem solver.
Financial Specialist Salaries
Average Base Pay
Financial Specialist Career Path
Learn how to become a Financial Specialist, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Financial Specialist Insights
Blue Ridge Microfinance Bank “Payment of salary is punctual and You get the best of colleague to work and share ideas with”
CIBC“Training was certainly informative and I learned so much about the banking industry with my employment here.”
TD“I luckily had a great branch manager to partner with and had a great with.”
ICICI Prudential Life Insurance“It is quite good organisation and work place i would like to rejoin again in this organisation ..”
Cape Cod Five“Pay is not that good for all of the work and daily tasks that is expected of you.”
New York Community Bancorp“The people I worked with made work fun and enjoyable and the experience is good enough to get you started in banking.”
ArcBest“Wage ranges are not posted for jobs so you have no idea what a potential job would pay.”
Bank of America“The same position can vary depending on the department you work for a. 401K is great to work for.”
Frequently asked questions about the role and responsibilities of a Financial Specialist
- Financial Analyst
- Financial Advisor
- Treasury Analyst
- Investment Officer