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The Two Legs of Finance: Important Designations

December 30, 2011 By Leave a Comment

The Two Legs of Finance: Important Designations.

Qualifications are a requirement in most chosen career paths. Doctors require a certain amount of schooling, and so do people wishing to start a career in finance. This article aims to uncover the two fundamental designations in the financial industry. The Canadian Securities Course (CSC) involves the investment side, and the Life-Licensing Qualification Program (LLQP) takes on the insurance side. My aim is help the reader become familiarized with both designations. Not only will this help those wishing to pursue a career in the industry, but also help regular readers understand the qualifications of financial experts they deal with.

The Canadian Securities Course is the prerequisite for all further designations in investment management. It’s the key designation that opens doors in the investment industry. When doing this designation, information covered in the course gives you a sense of the industry. Some of the material covered would be the micro and macroeconomic factors, institutions, different types of securities, ethical codes, investment techniques, taxation, etc. The CSC is supposed to help any investment related careers; you would be licensed to help make investment decisions for clients. The CSC becomes a gate way of other designations such as Personal Financial Planning (PFP) or Investment Management Techniques (IMT).

Life-licensing will teach you the fundamentals of insurance. You will have fiduciary duty to give advice on insurance products. In fact, people will trust you and hold you accountable under the court of law with this designation. With this license the agent is representing the company; this holds the company accountable as well as the agent. The LLQP will ensure a licensing partnership between the agent and the financial institution. Some of the subjects covered would be on premium calculations, different types of insurance products, underwriting, segregated funds, etc. Examples of other designations that become available through the LLQP are Certified Financial Planning (CFP), or even Certified Life Underwriter (CLU).

Written by Basim Mirza

Sources Used

https://www.csi.ca/

http://www.advocis.ca/content/education/LLQP.html

 

Filed Under: Microfinance Institutions Tagged With: , , ,

A Comparison of Banking & Finance Jobs with a Look at the London Job Market

November 29, 2011 By Leave a Comment

The Banking and the Finance sectors are usually clubbed together as one similar sector. This is a common misconception. There are few notable differences in the two sectors, which are usually overlooked by the people. The major difference in the Banking and the Finance sector lies in the different types of opportunity in the related but diverse segments.

 

In major cities like London, the Banking Jobs usually tend to fall in the category of retail, private, and sometimes boutique banking sectors. These jobs relate to the transactional activities and other general banking duties. Banking duties comprise of front, middle and back office positions supporting the transaction process from sales and execution through clearing and settlement. An Investment Bankers’ basic job is to provide services to an investment bank, which helps big corporate houses and independent entrepreneurs to raise funds in the capital market.

 

On the other hand, Finance Jobs cater to an entirely different segment. Finance Jobs include the general management of assets, money and other finances of any institution. Finance Jobs often comprise of micro and macro economic analysis and include tasks to manage funds and create and preserve wealth for the organisation. Despite the differences in the two sectors, job opportunities are available in plenty, if one has the right aptitude and the relevant experience.

 

The United Kingdom is considered a hub of major business activities around the world. A large number of business houses and enterprises are active in London and many more are looking for opportunities to establish and grow. Hence, London city and Docklands are seen as ideal places to look for Banking and Finance sector jobs, by prospective employees. The inclination of job seekers towards London is backed by several statistics. Popular Statistics reveal that 20% of the largest companies in Europe have their headquarters in London and around 25% of the major companies, the world over have their main European offices based London.

 

The London financial exchange market is said to be one of the largest in the world and is estimated to be over 0 billion. This makes its worth more than that of New York’s and Tokyo’s stock exchange combined. This has further fuelled the growing interest among enterprises to establish their business in London. Consequently, Jobs for finance and banking professionals gather in this financial hub. With the ever increasing demand for qualified and skilled professionals in the field, many Online recruitment agencies have been created to infuse quality talent in the lucrative banking and finance sector of London.

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There is wide scope for Finance jobs London

November 18, 2011 By Leave a Comment

Finance sector is gaining importance in the career industry; most of the students want to get job in finance sector, Finance Jobs London deal with the transactions and other duties which are

performed in the bank. Span, front, middle and back officers comprises of the bank positions which are to be filled.

Finance jobs are categorized into two classes:

-   Micro economic analysis

-   Macro economic analysis

Both the above stated classes of the finance sector helps in dealing with the management of the various tasks of the organizations efficiently. Finance Jobs Birmingham are available if you have

adequate skill and qualification to deal with the financial transactions of the organizations.

It has been observed that there is lot of finance job opportunities in London and Birmingham. It is noticed that with so much progress in finance sector there arises a need for finance professionals

which can be brought through specialist recruitment companies of London and Birmingham. Finance Jobs Birmingham and finance jobs London are the good way for fresher to start their career as

this is the growing field and there is large scope in this sector.

Students who are in confused regarding career can opt for professional finance courses and avail the best opportunity for their future. There is lot of institutions providing degree in the finance; all you

have to do is look for the genuine and authentic institution for your studies so that you can learn the course deeply and thoroughly. Learning the finance course deeply will allow you to find the finance

jobs Birmingham and finance jobs London easily.

All parents should know that finance career is the best for their children and they should get their children enrolled in it so as to get the maximum benefits in their career development. Now a day’s

good career profile has become the bottleneck problem of most of the students, they want to go in the field where there is almost full guarantee of the getting job. Professionalism in finance is the

best option for those who need best and efficient career for their life so that they can lead stress free life.

You can also avail the facility of the recruitment agencies that are providing excellent platforms for the fresher candidate to get the best job profile for their career.  Before getting enrolled with any

recruitment agency you should make sure that the organization is authentic and has served efficiently many people.

For more information visit:- http://www.xpertprofile.com

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Workshop on Finance for Non- Finance managers

October 28, 2011 By Leave a Comment

Workshop on Finance for Non- Finance managers

12 January 2011        The Lalit, New Delhi
21 January 2011        The Lalit, Mumbai

Objective:
It is often said “Non Finance Managers become good managers only with clear understanding of business financials”. Indeed, as all actions of business on products, markets and strategies ultimately boil down to financials, developing basic understanding on financial aspects of business does create competitive advantage for Non Finance Managers, Entrepreneurs and Decision Makers.

Some of the questions, we see Non Finance Managers, Entrepreneurs and Decision Makers asking continuously are:
* What are the various sources of funds for business (long term and/or short term) along with their competitive advantages and disadvantages.
* How do public and private sources of funds differ from business point of view.
* How to analyze business performance and also carry out comparison with peers in the industry.
* How do corporate actions like dividend, bonus, split etc. add value to business.
* What is the value of business and how to enhance this further.

Answers to all these questions are highly subjective and are the function of nature of businesses. However, if one develops the fundamental understanding on the subject that helps asking right questions and leading to appropriate answers.

Precise objective of this programme would be to address this need of market participants in most simplistic manner. Programme would attempt to answer all the above questions from the perspective of non-finance executives.

Programme contents:
* Various sources of finance for the companies – Public and Private Markets
* Consideration in various financial instruments – Equity, Debt, Preference shares, Convertibles etc.
* Where are funds blocked in a business (uses of funds – long term assets and working capital)
* Broad understanding of business financials – Profit and loss account, Balance Sheet and Cash Flows
* Performance Analysis – important financial ratios (profitability, leverage, efficiency, return ratios) and their implications
* Understanding implications of corporate actions like dividend, bonus, split etc.
* Valuation of business – Book Value, Enterprise Value, Intrinsic Value, Market Value etc.
* How to enhance value of businesses

Target audience:
* Entrepreneurs and Decision makers in various fields
* Start-up ventures
* Top Management at micro, small and medium size companies
* Corporate executives in marketing, production and non-finance functions.
* Sales Executives, Client Servicing Executives, Account Managers, Customer Support Executives, Call Centre Executives of financial products in banks and other financial intermediaries.
* Investors and Direct Sales Associates operating in the Financial Services Industry.

Faculty : Mr. Manish Bansal
Manish Bansal is founder of Value Advisors, a consulting firm in Mumbai. He has around 15 years of experience in the Financial Services Industry. He has worked with Citibank, Securities and Exchange Board of India (SEBI) and Institute of Chartered Financials Analysts of India (ICFAI).

Value advisors operates in the space of business valuation and strategy consulting, fund raising for corporates from private equity firms (PEs) and money management on “Value Investing” philosophy.

Academically, Mr. Bansal has done his MS in Business Administration from University of Maryland, U.S. He also holds other degrees like MBA, CFA and Licentiate in General Insurance.

He has co-authored a book on derivatives titled “Derivatives and Financial Innovations” published by McGraw-Hill. He also has several articles to his credit, on different dimensions of Financial Markets, published by various publications.

He has been a speaker in various seminars conducted by international agencies like Metal Bulletin, London; Futures and Options World, London and domestic Institutions like Multi Commodity Exchange (MCX), Interconnected Stock Exchange of India, and various industry bodies like FICCI, ASSOCHAM etc.

He also serves as visiting faculty to various Management Institutes including Indian School of Business (ISB), Hyderabad, Indian Institute of Management (IIM), Bangalore, Indian Institute of Technology (IIT), Mumbai, Indian Institute of Foreign Trade (IIFT), Delhi, National Institute of Financial Management (NIFM), Delhi, National Institute of Securities Market (NISM), N. M. School of Management etc.

 

FOR MORE DETAILS VISIT :  http://100forextradingideas.blogspot.com/2010/12/workshop-on-finance-for-non-finance.html

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Finance Minister Announces Special Fund for MSMEs in Budget 2009

October 20, 2011 By Leave a Comment

Finance Minister Pranab Mukherjee (in pic), presenting the Union Budget 2009-10 on July 6, has given some respite to the MSME sector. Acknowledging that the slowdown in exports due to the global demand slump has hit small and micro units the hardest, the minister has proposed the formation of a special fund for the sector.

The proposed fund, worth Rs 4,000 crore,will be formedout of the Rural Infrastructure Development Fund (RIDF) and provided to the Small Industries Development Bank of India (SIDBI).

This fund is expected to incentivise banks and State Finance Corporations (SFCs) to extend loans to MSMEs by refinancing 50% of incremental lending to these players during 2009-10. According to the minister, this move will facilitate credit flow at affordable rates for MSMEs and thereby provide them the much-needed fiscal support.

The announcement of the proposed fund has lifted the spirits of the MSME segment. “For several months we have seen suffering due to the credit crunch. We hope that with the formation of this fund we will be able to get adequate funds to revive our business,” said GC Ghosh, proprietor of Radha Export International, a small-sized basmati rice exporting company in Kolkata.

CII praises budget

The Confederation of Indian Industry (CII) has appreciated the budgetary initiatives taken by the Finance Minister for boosting the MSME sector. The apex industry body has also lauded the minister for the focus on growth, investments and infrastructure in the Budget.

The CII believes that the provisions for the small players in the Budget will not only benefit them in the near term but over a period of time. Furthermore, it will help the small industries become more competitive and strengthen their foothold in the domestic as well as the international markets.

“The Budget clearly shows that the government has realised that small firms like ours are in dire straits. Although many banks have lowered their prime lending rates (PLRs) in the recent past, we need more funds to sustain our business. Hence, the special fund announced in the Budget will be of immense help to us,” said V Sharma, proprietor of All India Plastic Products, a small-sized Plastic Products Manufacturers firm in New Delhi.

Going by the positive reactions of the CII and small entities, it seems, at least for now, that the Finance Minister has been able to address the grievances of MSMEs well.

For more detail on Toys Manufacturers log on to http://www.bizxchange.in

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Finance Your Startup: Are You Using Personal Funds? You’re Not Alone

September 14, 2011 By Leave a Comment

Did you finance your startup using money from your personal savings account? How about your personal credit cards? Or did you end up borrowing some money from friends or family members?

No matter what way you chose to get the cash needed to launch your business you’re not the only one. Many of the most successful businesses you see today got started the very same way.

Did you know that billionaire Richard Branson, founder of Virgin Records, borrowed money from his mom to start his mail order record company?

Or did you know that filmmaker Spike Lee had to use his personal credit and savings to produce his first movie?

While using personal funds is quite common among startups it should never be the long term strategy for supporting the growth of your business.

Careful planning with a sound business credit building strategy right from the onset will help prevent you from putting your personal credit and assets at risk.

Too many startups rely on traditional sources of funding instead of taking advantage of alternative options such as social lending, micro loans, vendor lines of credit, and crowd funding to name a few.

Do you think some of these ultra successful entrepreneurs are still relying on their personal credit or personal funds to grow their businesses today?

Of course not.

While their companies continued to grow during its infancy they obviously took advantage of additional sources of funding that businesses like yours can also take advantage of today.

For example, Sam Walton received a loan from his father-in-law to start Wal-Mart Stores in 1962 which today now serves more than 100 million shoppers each and every week and had sales exceeding 0 billion last year.

Did you know that trade credit is the second largest source of capital for Wal-Mart? It’s used trade credit as its largest source of capital than even its bank borrowings.

Even though your business may not be a Wal-Mart it’s pretty exciting to know that you have the same opportunity to acquire trade credit for your company as well.

If you find that using your personal funds to finance your startup is absolutely necessary then make sure all the records are kept so you can make the proper transfers or adjustments in the future.

For example, let’s suppose you had to use your personal credit cards to finance several busines purchases totaling k. Several months later you decide to open a business credit card with a k limit. As a result you decide to transfer the k balance from your personal credit card which was previously used for business purchases to your new business credit card.

This transfer would remove the personal liability you have on your company’s business debt and improve your personal debt to credit limit ratios at the same time.

By building business credit right from the onset you can minimize your dependence on personal funds to continue financing the operation and growth of your business.

While it does take a considerable amount of time to build a solid company credit profile it’s better to start digging your well before your business gets thirsty. Don’t wait until your personal resources are dried up to start establishing company credit.

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Five Tips On Developing Your Skills As A Finance Manager

September 8, 2011 By Leave a Comment

The function of a Finance Manager is to provide financial information and advice in order to facilitate the process of making effective business decisions. This essentially involves conducting detailed research and analysis, implementing clear budgetary planning and ensuring the existence of proper and sound financial procedures, along with mechanisms of control, that are in line with statutory regulations. The role and responsibilities of a finance manager can vary greatly with the size and nature of a company, public or private. In larger organizations the focus may be on strategic analysis, whereas in smaller companies it might be solely concerned with the management of accounts. Whatever the business circumstances ongoing personal development and finance training is vital in honing skills fundamental to performing the task.

 

A Finance Manager should be the master all the financial tools at his disposal. Not only knowing how to, but more importantly when to, utilize databases and spreadsheets thereby realizing their maximum potential. In practice, it is the ability to apply these tools and synthesize an enormous amount of data, in order to solve problems and present information in a relevant and coherent manner. Given such a context it is critical to consider the personal style of colleagues, in essence, transforming data into meaningful conclusions.

 

A Finance Manager must have a thorough understanding of the company’s goods, markets and technical processes. This creates extra value feeding directly into financial analyses and ultimately business decisions. An in depth knowledge of its sources of revenue, computer network, manpower and distribution system will facilitate perceptions of revenue components and costs. For example if 40% of a company’s revenue is derived from one product this will have a huge bearing upon financial projections.

 

A Finance Manager has to demonstrate an ability to manage change. It involves developing an understanding of external factors such as the actions of competitors and government activities. The skill here is in the ability to anticipate changes and developments in industry and the economy generally determining their impact both at the macro and micro level. This in turn enables models to be created outlining the possible determinations arising from such factors and sharing them with colleagues.

 

A Finance Manager needs to be an effective communicator to obtain customer feedback and to interact well with co workers. There is implicit in this a requirement to know the customer as well as fellow managers and other staff. The purpose is to determine how the service can be improved interacting frequently with customers clarifies their demands. In addition, making suggestions on how financial information should be received such as tables or graphs and giving recommendations for beneficial procedural changes.

 

A Financial Manager must be able to unlock the truth contained within data. The ability to take a sheet of statistics crammed full of numbers and quickly and efficiently provide meaningful conclusions about critical facts and details in a clear and succinct fashion, is essential. This is a hugely important skill and has to be fine tuned and developed more so than any other.

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No Credit Check Loans: Finance Without Any Credit Check

September 4, 2011 By Leave a Comment

Usually a borrower is asked to present his/her credit score to apply for a loan. Due to which the large segment of people with bad credit history find it difficult to avail any loan. To cater to these borrowers, the loan market has devised no credit check loans. These loans allow a borrower to attain aid without presenting any credit reports.

No credit check loans aim to offer freedom of aid to its borrowers at any point of time. These loans do not require its borrowers to present their credit reports to attain a loan amount. It is an ideal help source for the people with bad credit history. The people in this category may be due to missed repayments, bankruptcy, low credit scores, high debt-to-income ratios, high loan to value ratio, arrears, defaults, CCJs, IVA, high loan amounts, insufficient reserves or no credit record.

No credit check loans involve no checking of credit history for any inconsistency. This implies lesser paper work, fast processing and quick approval. No credit check loans may be extended in both the secured and unsecured form.

However, a borrower is required to fulfill certain requirements for qualifying for a no credit check loan which includes being 18 years of age or above, presenting proof of a regular employment and a regular monthly income. These loans also require a borrower to possess an active checking account.

No credit check loans are versatile in nature. They can be used for debt consolidation, renovation, home improvement, education, wedding or any personal reason. No credit check loans are provided according to the financial status and repayment ability of the borrowers.

No credit check loans eliminate the problems associated with bad credit of the borrowers. These loans are a shield for the bad creditors to protect them from the harassment by the lenders.

Filed Under: Micro Finance Tagged With: , , , ,

Finance Course an ideal choice for Students looking for evergreen career

August 31, 2011 By Leave a Comment

Managing money and wealth has always been given priorities whether it is individual, big corporate, non profit making organization or even a small family, those who are master in managing their funds become successful and others failed or became weak in terms of wealth and prosperity, there are number of reasons why one should learn how to manage finances, there are special tools which are taught by number of good institutes.

Since accounts is the base of every financial activity planning or making any type of financial reports thus knowledge of basic financial accounting is also very important before one decides to manage finance of a company. Finance courseare offered to undergraduate or graduate  by various institutes . Students  here  study various micro and macro level of accountancy, personal and corporate finance, how to raise resources for corporate and monitoring of their utilization at organization level , apart from learning finance course students should also be aware for regulatory provisions of different acts applicable in India like SEBI guidelines etc. Without understanding the various aspects of financial compliances outlined by different governing bodies it would be difficult to work in finance sector of any organization.

In finance coursestudent should be able to understand how to plan to raise resources’ for an organization and its effective utilization with strict monitoring under various provisions of law, After completion of finance course student should be able to prepare cash and fund flows from different sources and invest the same, a close monitoring will help to organization to avoid any adverse situation of cash crunch as well as grow as per desired business goals. Finance is a very vast field,  students are require to focus on the area of specialization. There are various institutes offering Finance course in Delhi which offer them theoretical as well as hands on

experience with various ongoing projects to help student understand the concepts. There are various institutes which are even offering distance learning finance courses. Employer companies always look for candidates who have clear concepts about their field and can successfully implement the effective finance strategies.

For those students who are looking for a career in finance and accounting sector should opt for such institutes with impressive placement track record with various companies.

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Short Term Loans: Urgent Relief and Instant Finance

July 24, 2011 By Leave a Comment

It is clear from the phrase ‘short term loans’ that the duration for repayment is really short. Short term loans are advanced against paycheck of the next month. Hence the repayment period is just between 14 to 18 days. Sometimes, the borrower requests for an extension of the repayment tenure, and the lenders too consider the appeal in some cases. It is, still, against the interest of the borrowers. Interest rates for short term loans are really higher. The borrowers must not go for any other loans before clearing the loan amount secured from a short term loan.

Actually, short term loans come as urgent relief to meet emergency necessity. The salaried men finish their last penny almost by the middle of the month after which demands for finance are sure to surface. The demand surfaces in different forms. One may find it urgent to replace immediately a pair of windows. One may find it important to clear the medical bills. The demand appears as school fees, vehicle repairing charges, payment of electric or telephone bill etc. People are really benefitted if they can avail short term loans. Short term loans help in meeting financial urgency when one must wait a few days for the next payday.

It is possible to get an amount between ?100 and ?1000. The loan-seekers are entitled for short term loans if they fulfill the following criteria:

a) The applicant must complete at least 18 years of age.

b) It is a must that he is a citizen of England.

c) He must be working in an establishment, legally approved, at least for the last six months.

d) His monthly income must not be less than ?1000.

e) It is also important that he holds a bank account.

It is important as the lenders transfer the loan amount electronically to the bank account of the borrower when his loan application is approved.

A great incentive for the person who wants to secure short term loans is that they do not entail any credit check. This means that the people who have weaker credit score are also eligible for short term loans.

Different cross sections of the people (homeowners, non-homeowners, students) can apply for short term loans. The loan-seekers can apply online, and the application procedure is easy. They are to fill in a simple form where they are to submit information of their name, address, contact number etc. The procedure is time-saving, and less energy is lost. No faxing of papers is required for short term loans.

Filed Under: Micro Finance Tagged With: , , , , , ,
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