Bank Manager Job Description

Bank managers' responsibilities vary at different locations.

A bank manager is the person in charge of the financial operations of a bank, as well as of the employees who provide customer service in banking or lending transactions. He monitors transactions for accuracy and professionalism. In the interest of customer satisfaction and retention, he maintains a welcoming and efficient environment.

Types
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A person in this position at a small venue may be in charge of all banking departments. In larger banks with multiple locations, there's typically a branch manager for each local office. If the main bank or branch is a large operation, there are typically managers for individual departments, such as loan, mortgage, investment, checking and savings departments.

Duties
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In addition to training and supervising employees and guaranteeing exceptional customer service, a bank manager prepares reports and summaries that reflect the bank's activities regarding new loans and mortgages, default activity, new account activity and returns on the bank's investments. This data is distributed to upper management, as well as to the bank's board of directors and investors. The manager is frequently called upon by subordinates to address customer service issues or to assist in the expedition of loan or mortgage applications.

Working Conditions
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A bank manager spends much of her time at her desk doing paperwork and working on her computer. She may occasionally walk through the back offices, teller and lobby areas to interact with personnel and customers. Although she may work at the bank less than the traditional 40 hours a week, she frequently takes work home that she completes in the evenings or on weekends. The dress code for banks is traditionally professional, and the overall atmosphere is usually friendly and helpful.

Educational Requirements
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Applicants for bank management or management trainee programs need to have a college education. Suggested areas of concentration include math, accounting, finance or business administration. The level of college education requirements varies by bank. Most banks offer management training programs to prospective managers to familiarize them with various bank departments and their operations.

Salary and Advancement Opportunities

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According to Salary.com, the median annual income for a bank manager in 2009 was $137,163, depending on the size of the bank, its holdings and the economic conditions in the region in which the bank was located. Chances of advancement are also highly dependent upon these factors. Lower-level bank managers often enroll in advanced finance and banking courses to increase their chances for promotion.

Bank Branch Manager Job Description

Bank Branch Manager Job Description

A bank's branch manager is ultimately responsible for the success of their branch. They hire, council and sometimes terminate staff members. Branch managers also drum up business via outside sales meetings and create a friendly environment in their branch that keeps customers and employees happy, and keeps the business and deposit base growing.

1. Qualifications
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In order to become a bank branch manager, one must have a bachelor's degree or equivalent experience. In most cases, two years of managing employees in another position is also required.

Function
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Bank branch managers oversee the sales and operations on a daily basis, and are also responsible for business development with small- and medium-size businesses. They are ultimately responsible for the profitability and productivity of the branch.

Personality Features
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A bank branch manager needs to be a leader, a multitasker, a problem-solver and be goaloriented.

Salary Range
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According to CareerBuilder.com, the average salary for a bank branch manager in the United States is $70,836. That does not include potential incentive-based bonuses.

Considerations
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Banking is one of the few office-based careers where you are targeted by armed criminals. Ac

Job Description of a Bank Accountant

Bank accountants, or an accountant for a bank, perform most of the same functions of an accountant for any other type of business. Accounting is the classifying and recording of financial transactions. This is always the purpose and responsibility of the accountant regardless of what type of company employs him. However, banks have small procedural differences that make them slightly different from other businesses.

1. Ledgers and Journals

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Bank accountants have the same titles as accountants for other kinds of businesses, such as: accountant I, accountant II, staff accountant and senior accountant, among other. The accountant is responsible for preparing journal entries, posting the journal entries, and posting to the general ledger. This position also requires posting to the subsidiary ledgers and reconciling the ledger accounts.

Cash Position
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The bank accountant is responsible for preparing the cash position of his organization on a daily, weekly and monthly frequency. This differs slightly from an accountant for another industry, due to the cash-intense requirements that banks have. They need to ensure that their branch or branches will have the cash necessary to make day-to-day transactions. The accountant prepares the cash reports and provides them to management for review.

Financial Statements
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The bank accountant is responsible for preparing or assisting in the preparation of financial statements at the end of each month and quarter. The financial statements that are prepared usually include an income statement, balance sheet, cash flow statement and the statement of retained earnings. However, banks also must prepare the statement of changes in equity. This statement is different from the one usually prepared for another type of company in that this statement shows the bank's equity that has been gained or lost since the previous statement. This allows an investor to follow the bank's lending and investing activities a little more easily.

Month-End Close
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The month-end close is the responsibility of generally accounting. The bank accountant is responsible for closing the branch or branches' books at the end of each month. This is the time when the previous accounting period is ended and the results are tallied. Once an accounting period has been closed, it cannot be reopened. If mistakes are detected, then adjusting entries are required to correct them. The bank accountant is responsible for preparing and posting adjusting entries.

Compliance
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The bank accountant is responsible for ensuring that the bank's accounting practices, classifications and reporting adheres to compliance and regulatory standards. He must ensure compliance with outside auditors and government regulators. The bank accountant is responsible for writing reports and providing communications in regards to the health of the bank's finances to management group.

Job Description for a Senior Bank Clerk

Job Description for a Senior Bank Clerk

Sometimes called tellers, bank clerks accept deposits, cash checks and dispense withdrawals from customers' accounts. Senior bank clerks are tellers with experience working in the field and who often have additional responsibilities as a result.

1. Function
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In addition to waiting on customers, senior bank clerks often process transactions left in the night drop, balance the ATM and audit the vault or other tellers. Senior clerks are frequently responsible for training new tellers how to use the bank's computer systems and maintain a cash drawer.

Features
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Like other clerks, senior bank clerks are responsible for all of the money in their cash drawers during the course of their shift and must exercise caution when giving money to customers in order to ensure the bank does not suffer a loss due to insufficient funds in an account. Senior clerks often have the authority to sign-off or give permission to other tellers to perform bank transactions.

Skills
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Successful senior bank clerks possess attention to detail, the ability to multitask, arithmetic skills and the ability to properly make change and count money. Clerks must also combine attention to customer service with alertness to detect anyone trying to commit fraud or steal from the bank.

Requirements
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While there is no formal education for the work of clerks, employers typically require senior bank clerks to have a minimum of a high school diploma or GED. Senior clerks typically receive promotions from regular teller positions after several years of proven success and work experience.

Compensation
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As of January 2010, senior bank clerks averaged annual salaries of $57,000, according to Indeed.com.

Bank auditor

A bank internal auditor is an accounting professional who is responsible for reviewing and evaluating the financial standing of his employer. He ensures that funds are accounted for, every transaction is recorded, and all taxes have been paid. Additionally, he searches for any irregularities or wrongdoing (both intentional and unintentional) in an effort to assist the bank in complying with the regulations of the Securities Exchange Commission (SEC) as well as all other local, state and federal laws.

Job Responsibilities
A bank internal auditor reviews all of the accounting records of the department to which she is assigned, including net worth, liabilities, real estate assets, other material holdings, income, expenses, surplus, stocks and other investments. She ensures that all company accounting best practices have been followed. She creates reports to be viewed by management regarding any positive and negative findings of the audit. After drafting her report, she also makes recommendations on how to improve the accounting operations of the department. If she is tenured, she may supervise other audito

Job Opportunities
Those seeking to obtain employment as a bank internal auditor should complete formal internship programs while working toward an undergraduate degree. These programs often lead to offers of employment. Mid-career candidates will find auditor openings listed in newspaper classifieds and on online job search boards such as careerbuilder.com. Additionally, there are many staffing firms and headhunters in every major market that focus specifically on placing accounting professionals.

Qualitative Requirements
In addition to completing the educational requirement, aspiring bank internal auditors must be able to work independently, with little or no direct supervision, in an objective and honest manner. Additionally, they must also maintain the utmost confidentiality when performing their duties and know all laws and firm-wide accounting best practices. Most importantly, candidates must enjoy mathematics.

Educational Requirements
To become a bank internal auditor, a candidate must have a four-year degree from an accredited education institution within finance, accounting or a related field of study. Many employers give preference to applicants who have earned a graduate degree within a related field. For better marketability, a candidate may choose to become a certified bank auditor (CBA) by passing an examination administered by the Bank Administration Institute. Additionally, after successfully passing an exam administered by the American Institute of Certified Public Accountants, candidates earn the title of certified public accountant.

Average Compensation
The average internal auditor in 2009 working in the United States earned a base salary of $47,885, according to Salary.com.

Salaries

Bank Clerk Salary in India

India is now one of the fastest rising markets for financial services and products in the world. So, a career in banking industry can result in a lucrative and rewarding employment. Bank Clerk salary in India is also good, which comes with different benefits and allowances. Some of the health benefits offered are Medical benefits (68%) Dental benefits (5%) Vision benefits (5%) Statistics for Bank Clerk Employment:

The percentage of females for bank clerk jobs in India is 33. The percentage of males for bank clerk jobs in India is 67.

The average salary range for male bank clerk employees in India INR 87,900 to INR 1,45,211 Percentage of bank

Bank Manager Total Pay (?)

Rs 301,202 - Rs 1,109,207
(Median)
Rs 0 Rs 500K Rs 1M Rs 1.5M

0
National Salary Data (?)

Salary Bonus Total Pay (?)

Rs 292,991 - Rs 1,054,943 Rs 0.00 - Rs 240,763 Rs 301,202 Rs 1,109,207

Bank Clerk Total Pay (?)

Rs 96,824 - Rs 315,309
Rs 0 Rs 110K Rs 220K Rs 330K

National Salary Data (?)

Salary Bonus Profit Sharing Commission Total Pay (?)

Rs 94,512 - Rs 249,983 Rs 175.50 - Rs 22,500 n/a Not enough data n/a Not enough data Rs 96,824 - Rs 315,309

Internal Auditor Total Pay (?)

Rs 172,466 - Rs 989,960
Rs 0 Rs 330K Rs 660K Rs

National Salary Data

(?)

990K

Salary Bonus Profit Sharing Commission Total Pay (?)

Rs 164,882 - Rs 914,336 Rs 783 - Rs 102,129 Rs 10,000 - Rs 60,000 n/a Not enough data Rs 172,466 - Rs 989,960

Branch Manager, Banking Total Pay (?)

Rs 301,899 - Rs 1,171,160
Rs 0 Rs 500K Rs 1M Rs 1.5M

National Salary Data (?)

Salary Bonus Profit Sharing Commission Total Pay (?)

Rs 272,226 - Rs 1,016,289 Rs 1,021 - Rs 204,870 Rs 2,000 - Rs 166,500 Rs 5,000 - Rs 30,000 Rs 301,899 - Rs 1,171,160

Accountant Salary in India

With prosperity in the Indian job market in the recent years, each business house or company, however small or big, requires an accountant for maintenance of annual financial report and daily book of accounts.So, accountant salary in India is nowadays is much lucrative. Chartered accountants or CAs can get handsome pay package, along with other perquisites, in both government and private sectors.

Quick Facts

In the year 2010, a record had been created in employment history of accountants. Three candidates from the ICAI (Institute of Chartered Accountants of India) got employment in Olam International (a Singapore based company), with a record salary of nearly INR 70 lakhs.

The percentage of females for chartered accountant jobs in India is 19. The percentage of males for chartered accountant jobs in India is 81. The average salary range for female employees in India INR 2,97,519 to INR 7,14,886 The average salary range for male employees in India INR 4,17,940 to INR 9,04,515

The salary of such professionals increases at an average rate of 12.71% per additional year of experience. Experience Range wise Average Salaries
0 - 3 Years 2.42 LPA 3 - 7 Years 3.08 LPA 7+ Years 4.85 LPA

The present Rs 64 trillion (US$ 1.17 trillion) Indian banking industry is governed by the Banking Regulation Act of India, (1949) and is closely monitored by the Reserve Bank of India (RBI). RBI manages the country's money supply and foreign exchange and also serves as a bank for the Government of India and for the country's commercial banks. As of now, public sector banks account for 70 per cent of the Indian banking assets

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The present Rs 64 trillion (US$ 1.17 trillion) Indian banking industry is governed by the Banking Regulation Act of India, (1949) and is closely monitored by the Reserve Bank of India (RBI). RBI manages the country's money supply and foreign exchange and also serves as a bank for the Government of India and for the country's commercial banks. As of now, public sector banks account for 70 per cent of the Indian banking assets.
Overview

Liberal policies, Government support and huge development in other economic segments have made the Indian banking industry more progressive and inclusive with regard to global banking standards. According to an IBA-FICCI-BCG report, Indias gross domestic product (GDP) growth will make the Indian banking industry the third largest in the world by 2025. According to the report, the domestic banking industry is set for an exponential growth in coming years with its assets size poised to touch USD 28,500 billion by the turn of the 2025. v