1 Meeting 5 – Development Economics

Jobs in Economics Degree

Learning Objectives:
 Finding the meaning and definition of vocabularies in context.
 Understanding Economics career options with job descriptions.
 Analyzing specific information on the text.

1. Accountant

Description
Accountants help businesses make
financial decisions by collecting,
tracking, correcting, and communicating
the financial position of the company.
Duties
Compiling, analyzing, and reporting
financial data.
Creating periodic reports, such as balance
sheets, profit & loss statements, etc.
Presenting data to managers, investors,
and other clients.
Maintaining accurate financial records.
Assisting management in the decision-
making process by preparing budgets and
financial forecasts.
2 Meeting 5 – Development Economics
2. Banker
Description
Bankers, also known as Retail Bankers,
interact with clients on a daily basis by
assisting with services such as setting
up checking and savings accounts,
authorizing loans, and moving money.
Duties
Signing on new clients and helping them
through the onboarding process.
Managing client bank accounts, including
opening and closing accounts, and
overseeing transactions.
Processing deposits, payments, and
withdrawals.
Authorizing and evaluating overdrafts
and loans.
Recommending and explaining banking
services and products to clients based on
their needs.
Resolving client queries and complaints.
Performing administrative duties such as
data entry and filing, when necessary.
3 Meeting 5 – Development Economics
3. Treasurer
Description
Treasurers oversee the financial
affairs of a company and ensure the
organization obeys to all legal
accounting practices.
Duties
Managing the receipt, banking, and
protection of company funds.
Advising senior managers on risk
assessments including company loans,
investments, and liquidity.
Anticipating the company’s borrowing
needs.
Maintaining the financial systems and
policies controlling the company’s
treasury activities.
Preparing budgets and financial
statements.
Submitting forecasting and financial
reports.
Implementing legislative and financial
policies.
4 Meeting 5 – Development Economics
4. Teller
Description
A Teller acts as the customer
representative of a bank and is
responsible for the accurate and safe
handling of routine bank transactions.
Duties
Assisting customers with basic
transactions, such as making deposits and
withdrawals.
Accepting cash, checks, and other forms of
payment from customers and keeping
deposit slips, checks, and cash in order.
Answering customers' questions about
their accounts and the bank's services and
products.
Providing special services, such as printing
out account balances and histories,
ordering cards and checks, closing
accounts, issuing cashier's checks and
foreign currency, cashing savings
bonds, and processing payments for bills.
Recommending special products and
referring interested customers to
specialized bank employees.
5 Meeting 5 – Development Economics
5. Secretary
Description
Also known as an Administrative
Assistant, Secretaries are responsible
for performing administrative tasks in
an office.
Duties
Welcome visitors and clients.
Answer phone calls.
Respond to emails.
Schedule meetings.
Prepare conference rooms for meetings.
Make travel arrangements for
executives.
Print and copy documents as needed.
Ability to handle multiple projects and
submit applications on time.
6 Meeting 5 – Development Economics

6. Credit Analyst

Description Duties
Analyze and assess the financial
statements and credit history of existing
and potential clients.
A Credit Analyst, also known as Credit
Review credit applications and perform
Risk Analyst, determines the
credit checks.
creditworthiness and risk profile of
Consult and negotiate with clients
an individual or business by analyzing
regarding financial transactions, payment
their financial data, and deciding
terms, and credit limits.
whether or not to extend them credit.
Understanding of business, economic, and
industry risk.
Financial forecasting.
7 Meeting 5 – Development Economics

7. Financial Analyst

Description Duties
Analyzing financial data.
Researching macroeconomic and
microeconomic conditions.
Preparing accounting and other required
reports.
Evaluating capital expenditures and
Financial analysts study the
asset depreciation.
performance investments such as
Establishing and evaluating records,
stocks, bonds, commodities and
statements, and profit plans.
more to provide guidance to
Identifying financial performance
businesses and individuals making
trends and financial risk, and making
investment decisions.
recommendations.
Providing recommendations for
improvement based on trends.
Providing financial models.
Making financial forecasts.
Analyzing inventory.
8 Meeting 5 – Development Economics

8. Tax Specialist

Description Duties
Researching tax laws.
Assisting in IRS and state audits.
Gathering information and explaining
options for best practice to clients.
A Tax Specialist is in charge of quarterly
Preparing quarterly and annual tax
and annual federal tax and
compliance.
international tax compliance.
Preparing federal and state income
tax.
Ensuring that tax returns are filed in
accordance with tax authorities.
9 Meeting 5 – Development Economics

9. Audit Manager

Description Duties
Coordinating and developing internal
auditing processes.
Developing and implementing policies
and procedures.
Supervising and conducting independent
An Audit Manager is responsible for
audits.
organizing and managing internal audits
Preparing analysis for departments.
according to audit plans.
Conducting investigations on
irregularities and errors.
Drafting recommendations on corrective
measures.
Advising executives.
10 Meeting 5 – Development Economics
10. Trader
Description
Traders buy and sell securities on any
financial market, either for
themselves or on behalf of an
individual or company, by using
economic data and economic trends to
predict the success or failure of
securities.
Duties
Buying and selling securities on behalf of
the company.
Evaluating trading algorithms.
Implementing effective trading strategies.
Recording and reporting each day’s profit
and loss.
Regularly monitoring portfolios to ensure
that they are guideline compliant.
Keeping abreast with changes in the
financial market.
Assisting the company to attract new
clients by maintaining and enhancing
marketing materials.