What does a Banker do?
Bankers work at financial institutions to provide direct assistance to individual clients, investors or companies so that they can manage their money. Bankers advertise their employer’s different financial services, greet clients, perform administrative work, investigate unusual transactions, authorize loans, update accounts, follow procedures to keep accounts secure and help clients access their funds through money orders, cashier’s checks and deposit slips. Their job is to explain financial protocols to clients, help them efficiently make changes to their account and direct them to other banking services that could be beneficial to their situation.
Banker skills and qualifications
A successful Banker should have knowledge of a wide range of financial strategies, strong communication skills and an ability to prioritize and be flexible with new tasks that arise throughout the workday. The following are the necessary skills and qualifications that you may find appropriate to add to your job description:
- Strong analytical skills
- Ability to multitask
- Ability to organize confidential and sensitive information
- Working knowledge of office software
- Conflict management skills
- Strong listening skills
- Exceptional interpersonal skills
- Desire to help clients with their financial needs
Banker salary expectations
Based on the payment information posted on Indeed.com by users and anonymous employees, the average salary for a Banker is $40,479 per year. This exact salary figure can depend greatly on factors such as experience level and geographical location. Some common benefits for Bankers include tuition reimbursement, relocation and commuter assistance, health insurance and paid time off.
Banker education and training requirements
A candidate for the post of a Banker needs to have a high school diploma or a General Education Diploma (GED). They must also have at least a bachelor’s degree in accounting, finance or related fields of study. Once recruited to the company, the new hire may have to take independent courses such as finance, accounting or math to help acquaint themselves with the technical skills necessary for their day-to-day operations. They may also need to undertake on-the-job training.
Banker experience requirements
A potential candidate should have some experience in the financial sector as well as vast experience in sales and customer service. They also need a basic understanding of retail banking services and products. A Banker candidate needs to be conversant with basic regulations and practices involving personal banking. Prior internships in the financial sector completed during college could increase an applicant’s chances of being hired.
Job description samples for similar positions
If you’re looking for candidates for similar roles to a Banker, see our job description template for a related position: