“business Finance Essentials” By Kevin Bracker, Fang Lin Ainsi Que Al
Increasingly, employers seek management analysts with a Masters in Business Administration degree, a Master in Finance degree or a Master of Accounting degree. On the production side, logisticians develop ways of improving efficiency of product delivery to customers through reduced shipping or transportation time. Logisticians regularly meet with management, reporting performance data, identifying any room for improvement, and offer ideas for improvement anywhere in the process. With difficult decisions regarding providing insurance or to what level, an insurance underwriter takes into consideration the applicant’s medical documents and credit scores. After approving insurance coverage, the insurance underwriter determines the premium and amount of coverage.
Many employers seek insurance underwriters with a minimum of a Bachelor’s degree. Although a specific field is not always required, relevant degrees include a Bachelor of Business Administration in Risk Management and Insurance, a Bachelor in Finance degree with a minor in insurance and a Bachelor of Science in Insurance. Depending on their specific title, financial clerks can perform a wide variety of financial and administrative tasks for many different industries. For example , billing and posting clerks work in areas such as healthcare and deal with billing invoices, healthcare insurance policy issues, hospital records and other charges. During training a financial clerk works under experienced clerks or supervisors; the length of training usually lasts a month or less.
Insurance underwriters make the tough decision of whether or not an individual or business qualifies for insurance. Some risk always exists in insuring someone or something, but insurance underwriters must analyze applications and any additional data available to determine if the risk is viable.
Occasionally, a statistician may obtain an entry-level position with a bachelor degree, but a master’s degree is increasingly the standard. Industry organizations offer various certifications for purchasing managers, buyers and purchasing agents based on experience, education and test performance. These certifications include certified professional in supply management, certified purchasing professional, certified professional purchasing manager and certified supply chain professional. The National Institute of Governmental Purchasing also offers certifications as professional public buyer and a public purchasing officer. Many manufacturing companies seek candidates with a bachelor’s or a master’s degree in business, engineering, economics or in one of the applied sciences. When considering possible solutions for problems, operations research analysts must determine what the effects of each change they suggest may have on the overall business operation. An operations research analyst career includes obtaining input from employees involved in any identified business problems.
Many employers prefer to hire applicants with a Bachelor of Hospitality Management degree or a diploma in a relevant area such as communications, public relations, marketing or business. A meeting event planner without a relevant degree should have one to two years of experience. Once a solution is decided upon – whether it is a new system, different procedure, or changes in organization – management analysts provide solutions to the company management team either through a presentation or written document.
Their interpretations are used to draw conclusions and guide decisions for businesses, government, and other organizations. A statistician career typically begins with a Master of Statistics, Master of Mathematics, or Master of Survey Methodology degree.
Insurance underwriters also write the policies covered when a loss occurs. Insurance underwriters work with applicants directly, entering their information into a specialized computer software program. The program provides recommendations for what level of insurance and premiums the applicant qualifies for; the insurance underwriter makes the final call.