Explain financial technicalities to clients

Description

Explain all details of financial products in plain words to clients, including financial terms and all costs.

Alternative labels

clarify financial technicalities for clients
specify financial technicalities to clients
explain financial technicalities in plain words
explain financial technicalities to customers
explain financial technicalities to buyers
describe financial technicalities to clients

Skill type

skill/competence

Skill reusability level

sector-specific

Relationships with occupations

Essential skill

Explain financial technicalities to clients is an essential skill of the following occupations:

Investment adviser: Investment advisers are professionals who offer transparent advice by recommending suitable solutions on financial matters to their clients. They advise on investing pension or free funds in securities such as stocks, bonds, mutual funds and exchange-traded funds to customers. Investment advisers serve individuals, households, families and owners of small companies.
Brokerage firm director:
Brokerage firm directors organise the activities and the people involved in securities trading. They envision strategies aimed at increasing the efficiency of asset trading with a focus on profitability. They may also advise clients on appropriate trades.

Optional skill

Explain financial technicalities to clients is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Financial analyst:
Financial analysts conduct economic research and elicit valuable analyses on financial matters such as profitability, liquidity, solvency, and asset management. They provide recommendations on financial matters for decision-making processes. Financial analysts work in both the public and the private sector.
Insurance underwriter: Insurance underwriters assess business risks and liability policies and make decisions about commercial property. They inspect the conditions of businesses’ properties, analyse inspection policies, assist with real estate and rent issues, prepare loan contracts and handle commercial risks in order to align them with business practices. Insurance underwriters analyse various information from prospective customers in order to assess the likelihood that they will report a claim. They work to minimise risk for the insurance company and make sure that the insurance premium aligns with the associated risks. They can be specialists in life insurance, health insurance, reinsurance, commercial insurance, mortgage insurance.

 


 

References

  1. Explain financial technicalities to clients – ESCO

 

Last updated on September 20, 2022