Financial positions are considered to be difficult to obtain because it's required that you have at least eight to 10 years of experience plus experience with large accounts. Let's take a look at a couple of the most difficult financial careers to break into.
Controllers
The role of controllers is to keep track of all financial planning, budget management and debt financing. They are also required to set financial rules, such as what accounting methods would be used. Typically, controllers work for corporations, banks or the government. Controllers also keep their teams motivated. The education required for this position is an MBA in accounting or financing. This position usually requires you to have senior-level experience.
Tax Managers
In this role, you'd be responsible for overseeing tax planning and reporting. Ensuring that all tax returns are properly prepared and sent off in order to reduce the organization's tax obligations is another key role. An MBA in accounting or taxation, along with a CPA designation is required. Learning about local, federal, state and international tax laws is imperative.
Fund & Senior-Level Accountants
As a fund accountant, you are required to look over costs, operations and trends. Analyzing financial reports in order to examine the company's profits, losses, assets, taxes owed and liabilities is ideal. To go along with this, having an accounting degree and at least two to five years of experience is required. Some of the positions that are available in this line of work include being an accountant manager of private equity funds, senior accountant or an accountant manager.
Valuation Analysts
This role requires you to analyze the value of an enterprise. Having good knowledge of finance, economics, taxes and accounting is needed. Becoming a certified CPA is also needed. Most employers want you to have a strong background in mathematics. It's recommended to look for long-term growth opportunities.
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