Cherie Mollica | Responsibilities of a Finance Specialist

Cherie Mollica contends that a nation's population's prosperity is correlated with the health of its financial services industry. Consumers typically earn more money when the economy and sector are robust. Their confidence and purchasing power are boosted as a result. They turn to the financial services industry for borrowing when they require access to credit for significant purchases.

https://speakerdeck.com/cheriemollica/cherie-mollica-types-of-business-finance-business-financing-options

Transcript

1. Cherie Mollica | Responsibilitie s of a Finance Specialist
2. The Value of the Financial Services Industry The primary engine of a country's economy is the financial services industry. It allows for the free flow of capital and market liquidity. The economy expands and businesses in this area are better able to manage risk when the sector is robust.
3. What Are Financial Services? There is a difference between a good (anything material that endures, whether for a long or short time) and service among the things that money can purchase (a task that someone performs for you). A financial service is anything that is best characterized as the process of attaining the financial product and is not the financial good itself, such as a mortgage loan to buy a house or a car insurance policy.
4. Responsibilities of a Finance Specialist
5. Here are some duties from actual resumes of finance specialists that indicate typical duties they would probably carry out in their positions. Advise students on how to create a budget so they can fulfill their educational goals.
6. Manage SalesForce account administration as well as the creation and automation of numerous business-specific reports. Check internal controls, and evaluate different SOX compliance program emphasis areas and scopes. Recognize accrual rates and profit adjustments promptly to ensure Sarbanes-Oxley compliance. Create work documents in coordination with an outside CPA for the annual audit and tax filings. On behalf of top management, enter daily spending reports and client interactions in CRM systems.
7. Create a CRM system with automated tracking of referrals. Reorganize the chart of accounts, set up account reconciliations, and record methods that adhere to GAAP. do a variety of accounting tasks and would oversee and manage payroll and accounting clerical positions. Create and maintain documentation for financial activities related to Sarbanes- Oxley policy and procedure and business continuity. Create PowerPoint presentations, daily and weekly reports, and other materials that are commended for their excellence, thoroughness, and promptness. Communicate with the field sales agent regularly regarding any problems with the credit eligibility of new customers.
8. Predictive Financial Consulting Marketing Financial Prediction Consulting Financial consultants may now integrate sales and marketing software that generates leads using big data and predictive analytics thanks to marketing technology. According to Cherie Mollica, predictive technology can identify patterns in data sets to assist businesses in forecasting lead behavior and enhancing client service for financial consultants. With this information, consultants can discover things like the best times to contact prospects online or over the phone, as well as the goods that customers are most likely to buy.
9. THANK YOU