There are a good number of job roles available after an MFA course. The MFA students are highly skilled professionals and are hired in almost all the financial institutions. There are a good number of job roles available after an MFA course. The present article tries to explain more about the job roles available after MFA course
The company secretary works in a strategic and influential way to ensure that a company operates within the law and comply with the government regulations.
Role of a Company Secretary
As a company secretary one must need to ensure that the company complies with financial and legal requirements as well as maintaining its high standards of corporate governance. They are also required to provide legal advice to the company management.
Responsibilities of a Company Secretary
As a company secretary one is needed to:
Report the chairman and often coordinate with board members
Prepare agendas and papers for board meetings, committee and annual general meetings and follow up action on points
Take minutes, draft resolutions and lodge required forms and annual returns with companies
Ensure policies are kept up to date and approved by the committee
Maintain statutory books including registers of members, directors and secretaries
Deal with correspondence, collate information and write reports, communicate decisions for relevant company stakeholders
Contribute to meeting and discussions along with this they are also required to advice the members of the legal governance, accounting and tax departments of the implications of proposed policies
Monitor changes in relevant legislation and regulatory environment and take appropriate actions
Take responsibility for health and safety of employees and manage matters related to insurance and property
Develop and oversee systems that ensures the company complies with all applicable codes in addition to its legal and statutory requirements
Pay dividends and manage share option schemes and take a role in share issues, mergers & takeovers
Maintain the register of shareholders and monitor changes in share ownership of the company in the publicly listed company
Monitor the administration of the company’s pension schemes this may be a requirement in some smaller companies
Enter into contractual agreements with supplies and customers
Manage the office space and deal with personal administration and insurance for employee’s equipment and premise
Oversee PR relating to aspects of financial management
Salary and Emoluments
The fresh MFA students will be easily earning around 6 lakhs to 8 lakhs per annum as external auditors. The experienced professionals will be earning around 8 lakhs to 15 lakhs per annum.
The role of arbitrator is growing continually as more people look for an alternative to traditional litigations. The arbitrators have genuine and often global, opportunities for work in recent years across the globe. The arbitrators are hired in large numbers by various companies across the globe and are delegated negotiating tasks with the stakeholders outside the ambit of courts. The tasks mainly include land acquisition, building acquisition,etc.
Role of an Arbitrator
Arbitrators work in alternative dispute resolution; arbitration is one way in which legal disputes are resolved outside the courts and across international boundaries. Arbitrators are used by many individuals and businesses on a voluntary basis in recent years across the globe.
Responsibilities of an Arbitrator
As an arbitrator one is needed to:
Write a notice of arbitration clarifying what is expected of the parties and specifying all matters of the dispute
Gathering the evidence from claimant and respondent
Organise and conduct arbitration meetings on hearings where both sides present their evidence
Summarising each side’s position in a written document
Interpreting and applying the relevant laws
Making decisions, resolving the dispute based on evidence and arguments submitted by both sides
Negotiate with stakeholders on behalf of the organisations
Network develop contacts and build the reputation
Maintain the professional profile
Respond to correspondence from potential clients
Manage the finances, fees, Invoices and tax of an organisation
Salary and Emoluments
The fresh MFA students will be easily earning around 4 lakhs to 6 lakhs per annum as arbitrator and the experienced professionals will be earning around 6 lakhs to 8 lakhs per annum.
External Auditors combine first-rate people skills with a high level of attention to detail to help business of all types and sizes to achieve their performance potential
Role of an External Auditor
As an external auditor one is required to examine financial records and other data to provide businesses, their investors and market regulators with a clear picture of how they are performing. He/she is also responsible to make recommendations for improvements.
Responsibilities of an External Auditor
As an external auditor one is needed to:
Visit client locations and interact with different levels of management to understand the business and their needs
Plan, carry out and in some cases design bespoke audit procedures and tests
Attend meetings and interview staff to gather audit evidence
Examine accounts, financial records and other documentation
Observe stock takes and business procedures
Use analytics to assess financial reporting fraud or operational business risks
Prepare or contribute to a final audit report, including making recommendations for improvements to systems or processes
Discuss the conclusion and recommendations of the audit with clients
Work towards the chartered accountancy qualification which could include periods of study leaves
Salary and Emoluments
The fresh MFA students will be easily earning around 5 lakhs to 7 lakhs per annum as external auditors while the experienced professionals will be earning around 7 lakhs to 9 lakhs per annum.
The actuarial analysts mainly use statistical formulas to assess the risk especially in life insurance companies.
Role of an Actuarial Analyst
As an actuarial analyst, they are responsible to make computational analysis of the clients based on their age and health condition to determine the premiums for various policies offered by the organisation. They use specialised computer softwares and their expertise to finalise the premium amounts for the clients.
Responsibilities of an Actuarial Analyst
The actuarial analysts have certain responsibilities to handle in their organisations, they are:
Understand and use complex mathematical formulas especially in the areas of advanced statistics and modelling
Use the spreadsheet or sophisticated computer softwares to complete data analysis and generate readable reports
Provide technical support to the team of fellow actuaries for producing statistical reports and analysis
Generate readable reports for the results obtained, based on computations and observations so that common individuals can understand
Salary and Emoluments
The fresh MFA students will be easily earning around 6 lakhs to 8 lakhs per annum as external auditors, while the experienced professionals will be earning around 8 lakhs to 15 lakhs per annum.
There are a good number of job roles available after an MFA course. The MFA students are highly skilled professionals when it comes to finance and accounting. The MFA students are decently paid and are also given excellent opportunities to grow in their career.
The students with passion towards accountancy and finance can join the MFA course.
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