A financial specialist is primarily responsible for selling services and products at a financial institution and meeting with customers to understand their needs. Generally, this person should have have a high school diploma or equivalent, though many companies also require a Bachelor’s degree in a field such as Finance or Marketing and/or training or courses in economics, finance, marketing, or mathematics.
Depending on the field, special licenses and training may be required, such as in insurance and securities. This person will typically work in an office setting during daytime hours, though overtime is occasionally necessary.
A financial specialist acts as a sort of liaison between their company and the customer. This person will meet with customers in order to assess their financial goals and offer products or services, such as investment services, insurance, certificates of deposits, or other financial instruments. This person will also be responsible for contacting potential customers, evaluating costs and revenue, creating presentations, researching and analyzing business trends, developing corrective financial plans, and preparing budget reports, cost reports, and financial statements in accordance with industry guidelines.
This position requires a person with an analytical mindset, critical thinking skills, and highly-developed organizational and management skills. Customer service and communication skills are also of the utmost importance. Those in this position will often manage communication between customers and professionals within their office, so in-depth knowledge and experience are essential.
Financial Specialist Tasks
Provide insight on financial trends, suggest optimization strategies, and offer insight into potential business models.
Submit summaries and reports documenting analyses, technical, and factual research.
Monitor and analyze finance numbers, providing guidance, forecasts, and issue identification.
Calculate and advise clients or team members on particular financial questions.