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Accountancy and Finance

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Accountancy graduate jobs, schemes and careers advice. ACCA Careers - Accountancy and Finance Jobs for ACCA Members. Actuary: Job description. Actuaries evaluate, manage and advise on financial risks.

Actuary: Job description

They use their knowledge of business and economics, together with their understanding of probability theory, statistics and investment theory, to provide strategic, commercial and financial advice. The core of actuarial work lies within pensions and insurance, where professionals are most likely to start off; however, later on in your career there are opportunities to move into other emerging fields such as investment, healthcare and banking. Actuarial work can be diverse and ranges from highly technical roles developing complex financial products in investment banks or pensions and insurance companies to consultancy roles for those seeking a client-facing career.

Actuaries need to apply their mathematical, economic and statistical awareness to real situations in the financial world and be able to communicate the difficult topics to non-specialists. Typical work activities Specific tasks vary but work may include: Senior tax professional/tax inspector: Job description. Senior tax professionals work at HM Revenue & Customs (HMRC) to make sure that organisations and individuals pay the correct amount of tax at the right time.

Senior tax professional/tax inspector: Job description

They are responsible for detecting and investigating tax evasion and, in disputed cases, will represent HM Revenue & Customs (HMRC) at independent appeal tribunals. The role also involves offering information and advice to individuals, businesses and organisations on a range of tax and related issues. HMRC collects and administers taxes so that there is enough money to pay for the UK's public services and to help families and individuals who need financial support. The work is diverse and intellectually stimulating and includes early responsibility.

Senior tax professionals investigate the accuracy of tax returns and accounts submitted to HMRC. In cases that result in a full enquiry, the following activities may also be carried out: Retail banker: Job description. Operational investment banker: Job description. The operations team is responsible for the processing and settlement of all the financial transactions made at an investment bank or investment management firm.

Operational investment banker: Job description

The operations division, also known as 'back office', provides support to the client facing departments, such as trading, corporate finance, and corporate banking - sometimes known as the 'front office'. The front office generates business for the bank, and operations ensure that the business is administered in an efficient, controlled, risk-free and timely manner. They ensure that products, services and money change hands how they are supposed to. Operations professionals are involved in developing new systems in order to maximize efficiency and profitability for the bank. They also ensure each transaction is cleared, settled and reconciled according to regulatory and control requirements. Typical work activities Operations covers a wide range of activities. Managers of operations teams will: View jobs >

Financial trader: Job description. Financial traders buy and sell shares, bonds and assets for investors, including individuals and banks.

Financial trader: Job description

They make prices and execute trades, seeking to maximise assets or minimise financial risk. There are three types of trader: Flow traders - buy and sell products on the financial markets for the bank's clients. Products include securities and other assets such as futures, options and commodities. Proprietary traders - trade on behalf of the bank itself. Traders may specialise in a particular product, such as shares, fixed-interest bonds or foreign exchange (FX) markets. Typical work activities While there are many similarities in the work of flow and proprietary traders and those working in sales, their roles differ substantially. Work activities of a flow or proprietary trader typically include: Traders in sales are more focused on the relationships with clients. The day-to-day activities of a sales trader may include: Financial adviser: Job description. Financial advisers provide clients with specialist advice on how to manage their money.

Financial adviser: Job description

The role involves researching the marketplace and recommending the most appropriate products and services available, ensuring clients are aware of and understand products that best meet their needs and then securing a sale. Advisers may specialise in particular products, depending on their clients, such as selling employee pension schemes to companies or offering mortgage, pension or investment advice to private clients. Chartered management accountant: Job description. A chartered management accountant prepares, develops and analyses key financial information to ensure that an organisation's management makes well-informed decisions to ensure future stability, growth and profitability.

Chartered management accountant: Job description

They establish and maintain financial policies and management information systems, as well as provide a high quality support service by liaising with management colleagues on all aspects of finance. The role combines accounting skills with business management skills. A chartered management accountant's role is to look to the future. They analyse the performance of a business and advise on how to prevent problems, adapt to changing circumstances and improve value. Chartered accountant: Job description. Chartered accountants offer financial advice, audit accounts and provide trustworthy information about financial records.

Chartered accountant: Job description

This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes. Generally, they play a strategic role by providing professional advice, aiming to maximise profitability on behalf of their client or employer. They work in many different settings including public practice firms and industry and commerce, as well as in the not-for-profit and public sectors. In public practice firms, chartered accountants provide professional services to fee-paying clients who might be private individuals or large commercial or public sector organisations.