close

Asset intitle:\"account\"

Asset intitle:\"account\"

People over 65 can open an NPS account now; Check the new rules

People over 65 can open an NPS account now; Check the new rules | Photo credit: Getty Images

New Delhi: In order to make the National Pension Scheme (NPS) more attractive to seniors, the Pension Fund Regulatory & Development Authority recently allowed seniors over 65 (up to 70) to open an NPS account. Previously, the PFRDA had raised the maximum age for membership in the NPS from 60 to 65.

Now, any Indian Citizen, Resident or Non-Resident and Overseas Indian Citizen (OIC) aged 65-70 can also join NPS and continue or defer their NPS account until the age of 75. Subscribers who closed their NPS accounts at age 65 are now allowed to open a new NPS account according to age eligibility standards.

While people over the age of 65 can now open an NPS account, experts say you should not enter the program after the age of 60 as it involves a lot of risk and minimizes the magnitude of returns. . Once a person crosses 60, they will only have 15 years to invest in the NPS, which reduces the scope of funding. At maturity, a subscriber is allowed to withdraw a maximum of 60% of the corpus as a lump sum and the remaining 40% must be used to purchase an annuity.

Here are some of the risks of investing in NPS after 60 years:

1. Liquidity risk: The amount invested in the NPS remains blocked for at least three years. Even if you invest in it after 60 years, the minimum downtime remains the same. This rule may not be suitable for older people because they will not have access to cash.

2. NPS returns are not insured: NPS is a market linked product, so it does not offer a guaranteed return to investors. An investor should remain invested in the program for the longer term in order to obtain a higher return even if they do not take exposure to equities. For seniors, investing in a plan that does not guarantee returns may not be a wise choice. In contrast, schemes like the Senior Citizen Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY) offer a guaranteed rate of return to investors.

3. Compulsory pension: 40% of the NPS maturity corpus must be invested in annuity plans, which typically offer a return of between 4% and 5% and this annuity income is taxable. For this reason, the overall returns of the NPS are reduced, making it an investment option that is not ideal for the elderly.

4. Lower investment horizon: NPS can generate good returns over the long term, as stocks typically outperform other asset classes if the investment horizon is long. However, after the age of 60, one cannot stay invested in the plan any longer. Thus, the scope of the return is reduced.

5. Equity exposure: Since seniors cannot gain significant exposure to equities, they must invest in government debt or corporate debt funds, which currently offer low returns. Also in the near future, these funds are expected to generate a yield of less than 6% due to the current interest rate scenario. Even if a senior takes 50% exposure to stocks, they may not get good returns because the investment period is short.

6. Taxation: Annuity income received by a person is taxable in the hands of the elderly according to their tax bracket in the year of receipt. If a person is in the 30% tax bracket, their annuity income will be taxable at this rate, thus reducing overall pension income.

It should be added that there are tax advantages for NPS subscribers. The contribution paid to the NPS not only gives the right to a deduction under Article 80 CCD (1) up to a limit of Rs 1.5 lakh per fiscal year, but it is also accompanied by an additional tax advantage in under section 80CCD (1B) up to Rs 50,000 per fiscal year.

For those who join the NPS after the age of 65, the advantage is in terms of better annuity rates compared to younger people. The annuity rate for a 65-year-old is better compared to the annuity rate for a 55-year-old. Note that for those looking to join the NPS after 65, the goal should not be just to save taxes but to create a body of work to supplement the pension during retirement. years.


Source link

read more
Asset intitle:\"account\"

What are cryptocurrencies and how do we account for them? – Technology

While we wait for the current review of FRS 102, we need to exercise judgment and find the best possible accounting fit for cryptocurrencies, as they are not specifically represented in FRS 102 at this time.

So what exactly is cryptocurrency and how do we account for it?

Is it cash?

No. Although we may consider cryptocurrencies to be cash, they are not legal tender and do not meet the FRS 102 definition of:

Highly liquid cash and sight deposits and short-term investments which are readily convertible into known amounts of cash and which are subject to negligible risk of change in value.

Is it a financial instrument?

No. In some cases, cryptocurrencies can be accepted in exchange for goods, but as we have seen above, they are not cash and they do not qualify for cash either. This would result in a failure of the FRS 102 reference for financial instruments:

A contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Is it an inventory?

May be. The inventory includes items that are held for later sale, so depending on how the company plans to use the cryptocurrency, it could fall within this range. For example, if the business needs to frequently buy and sell cryptocurrencies in order for it to trade cryptocurrencies as part of the normal course of business, inventory would be the correct classification.

If so, the cryptocurrency would be held at the lowest of:

  • Cost (the value of the money initially exchanged for the cryptocurrency); and
  • estimated selling price (the value at which it will be sold, which is likely to be based on current market prices) less costs to complete and sell.

The presentation would then be in the current assets section of the balance sheet as inventory. The balance sheet note on stocks in the financial statements would then indicate the distribution of stocks which would include the cryptocurrency.

What if I don’t trade cryptocurrency?

If inventory is not the correct classification due to the way the company uses cryptocurrency, classification as an intangible asset is probably the best solution.

This is due to the FRS 102 definition of an intangible asset which is:

An identifiable non-monetary asset without physical substance. Such an asset is identifiable when:

(a) it is separable, or
(b) it arises from contractual or other legal rights.

Cryptocurrency would meet the definition above because it is not physically present and it is separable from the business because it can be sold in exchange or, in some cases, be used in exchange for goods.

The basis of measurement of cryptocurrency when it is held as an intangible asset is either:

  • the cost (again being the value of the money initially exchanged for the cryptocurrency), with amortization and depreciation applied; Where
  • revaluation, corresponding to the fair value less depreciation and impairment.

Before deciding which one is the most appropriate, it is advisable to refer to section 18.18 of FRS 102, which allows revaluation of intangible assets only if the fair value can be determined from an active market, which:

  • contains homogeneous elements,
  • has willing buyers at all times; and
  • prices available to the public.

This is possible for some cryptocurrencies, but not necessarily all.

There are also two options for the presentation of the balance sheet.

  • Option 1 is to hold the intangible asset as a fixed asset; and
  • Option 2 is to hold the intangible as a capital investment.

Both are equally acceptable under company law, the decision should be made based on how the company intends to use the cryptocurrency in the future.

A clear accounting policy will be required for each cryptocurrency classification decided upon. The accounting policy should clearly state:

All other information should comply with Section 13 of FRS 102, Inventories or Section 18 Intangible Assets, as applicable. Additional information should also be provided to ensure that a true picture is given.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.


Source link

read more
Asset intitle:\"account\"

Crypto Carnage expects Korean 2.2MS account holders on Friday

Source: iStock / TwilightShow

South Korean regulators held an emergency meeting ahead of a crucial day, which could see the vast majority of the country’s crypto trading platforms shut down before a regulatory deadline of September 24, with many more removing KRW escrow deposits and KRW-crypto trading.

Per Donga and Maeil Kyungjae, the Financial Services Commission (FSC) and Financial monitoring service (FSS) held an unscheduled summit to see if they could determine which exchanges have already closed and which now only offer crypto-to-crypto exchanges.

To do this, trading platforms must have obtained Information Security Management System (ISMS) certification.

So far, only the “big four” exchanges – Upbit, Korbit, Coinone, and Bithumb – secured the banking partnerships that will allow them to continue to offer KRW-related services. Despite frantic last-minute talks with the banks of four others, it appears that all but one have now conceded that they will miss the deadline after all.

Donga cited a Gopax official as stating that he was still “in negotiations with a financial firm to issue a real name deposit and withdrawal account”, adding that his “KRW market will continue to operate normally” – for now at least.

But the FSC noted:

“We have confirmed that 24 exchanges have informed customers that they will end [or suspend] their KRW market services by posting notices on their websites.

However, EDaily reported that the number of platforms holding ISMS certificates was actually 43, with three of them getting their documentation in no time. The media reported that Delio, the Blockchain company, and Lawdians had obtained their certificates within the last few days and have now reported this fact to regulators.

The Ministry of Science and ICT, which oversees the certification process, reminded the industry that ISMS certificates are valid for three years, after which companies must apply for new documents.

“We will create a secure crypto-asset service environment, ensuring that crypto-asset operators who have achieved ISMS certification properly maintain their certification,” the ministry said.

Meanwhile, Koh Seung-beom, the chairman of the FSC, warned investors:

“If you use a [exchange] which has not received ISMS certification, you must be very careful as there is a risk of damage.

This will be little consolation for the millions of customers who do business with platforms that are not among the “big four”. Data compiled by the office of opposition People’s Power Party deputy Kang Min-guk indicated that a total of 2,216,613 account holders have wallets on the 18 largest platforms that are expected to cease KRW trading – with some $ 2 billion in tokens and fiat in their wallets.

Gopax users – all 566,608 of them – now face a nervous wait to see if the exchange can secure its banking deal before the end of business hours, while 438,823 Colombe wallet and 337,981 Huobi Korea account holders will be limited to crypto-to-crypto market activities.

All of this will be relatively positive news for the ‘big four’, who may find themselves the only players left in town over the weekend.

They will also be bolstered by the news that the cumulative value of deposits on the four major exchanges has passed the $ 50.8 billion mark, Chosun reported.

Meanwhile, another international exchange with a relatively large South Korean user base has taken steps to distance itself from the domestic market.

BitMEX wrote on his website that “with the introduction of new local regulatory requirements in South Korea on September 24, 2021,” it would “remove Korean-language documents from its website and trading platform,” well he added that “all other services will remain unaffected.”

Binance and the Singapore-based company Parbit trading platform have both already taken similar steps.

BitMEX concluded by noting:

“We fully support the efforts of regulators to help set standards for cryptocurrency products that will support the advancement of this rapidly growing asset class.”

____
Learn more:
– Most polled South Koreans want government to tax crypto
– South Korean ruling party argues over crypto tax

– South Korean Police Force to Form Dedicated Crypto Teams
– South Korean MP tells government: “Don’t let a crypto monopoly emerge”

– Think Tank tells South Korean banks: start offering crypto safekeeping
– The regulator identifies “fake” Crypto Exchange bank accounts


Source link

read more
Asset intitle:\"account\"

J2835 – Internal Account Manager – UK, Dorset, Poole

At £ 45,000 with £ 70,000 OTE plus great benefits.

J2835 – Our client is looking for an internal account manager to work as a telemarketer, looking for new loans from all existing clients, old and new. You will provide excellent customer service to all customers, prospects, internal and external customers and maximize business opportunities using best practices.

Salary: up to £ 45,000 with £ 70,000 OTE plus excellent benefits. Location: United Kingdom, Dorset, Poole

Job reference: J2835
Profession: J2835 – Internal Account Manager – UK, Dorset, Poole – Asset Finance
Salary: At £ 45,000 with £ 70,000 OTE plus great perks
Remote work: No
Contact Number: +442037407222
Function: Sales (internal)
Job description :

J2835 – Our client is looking for an internal account manager to work as a telemarketer, looking for new loans from all existing clients, old and new. You will provide excellent customer service to all customers, prospects, internal and external customers and maximize business opportunities using best practices.

Salary: up to £ 45,000 with £ 70,000 OTE plus excellent benefits. Location: United Kingdom, Dorset, Poole

MAIN RESPONSIBILITIES:

  • Build and maintain new and existing relationships with introductory sources.

  • Introduce new business and support strategic accounts.

  • Achieve allocated goals of new transactions, volume and revenue by creating and maintaining a level of new requests, attending networking events and identifying and securing opportunities for new business and contacts.

  • Conduct sales meetings with potential clients / introducers as needed; complete risk models for facility sanction, research pending inquiries and transaction documents, maintain CRM system, attend sales team meetings.

  • Reach the prescribed number of calls per day.

  • Develop knowledge and understanding of the asset-based finance industry, including all of the company’s financial products and services, competitors, introducers, risks, client industry, market and sectors .

  • Work with and liaise with Sales and Underwriting Support to exceed customer expectations.

  • Continuous focus on customer-driven process improvements.

  • Provide consistent and accurate information on CRM systems to aid in the production and performance of weekly and monthly sales analysis and reports.

PERSON SPECIFICATION:

  • You must have a valid UK driving license.

  • A first experience in a telesales environment is essential.

  • Experience in asset finance would be appreciated.

  • Experience working in a sales environment.

  • Numeracy and literacy; IT, Microsoft office, especially Excel and Outlook.

  • Planning and organizational skills.

  • Customer service skills and the ability to work alone while being a team player.

  • Able to understand and prepare basic asset financing proposals for underwriting

  • Able to interpret statutory and management accounts

  • Good presentation and interpersonal skills.

We strongly favor candidates with proven and relevant experience in financial services; in particular in Asset Finance and Leasing.

Only applicants with relevant experience in the country will be considered.

Contact : newleaf thumbnail apply btn


Source link

read more
Asset intitle:\"account\"

J2835 – Internal Account Manager – UK, Dorset, Poole

At £ 45,000 with £ 70,000 OTE plus great benefits.

J2835 – Our client is looking for an internal account manager to work as a telemarketer, looking for new loans from all existing clients, old and new. You will provide excellent customer service to all customers, prospects, internal and external customers and maximize business opportunities using best practices.

Salary: up to £ 45,000 with £ 70,000 OTE plus excellent benefits. Location: United Kingdom, Dorset, Poole

Job reference: J2835
Profession: J2835 – Internal Account Manager – UK, Dorset, Poole – Asset Finance
Salary: At £ 45,000 with £ 70,000 OTE plus great perks
Remote work: No
Contact Number: +442037407222
Function: Sales (internal)
Job description :

J2835 – Our client is looking for an internal account manager to work as a telemarketer, looking for new loans from all existing clients, old and new. You will provide excellent customer service to all customers, prospects, internal and external customers and maximize business opportunities using best practices.

Salary: up to £ 45,000 with £ 70,000 OTE plus excellent benefits. Location: United Kingdom, Dorset, Poole

MAIN RESPONSIBILITIES:

  • Build and maintain new and existing relationships with introductory sources.

  • Introduce new business and support strategic accounts.

  • Achieve allocated goals of new transactions, volume and revenue by creating and maintaining a level of new requests, attending networking events and identifying and securing opportunities for new business and contacts.

  • Conduct sales meetings with potential clients / introducers as needed; complete risk models for facility sanction, research pending inquiries and transaction documents, maintain CRM system, attend sales team meetings.

  • Reach the prescribed number of calls per day.

  • Develop knowledge and understanding of the asset-based finance industry, including all of the company’s financial products and services, competitors, introducers, risks, client industry, market and sectors .

  • Work with and liaise with Sales and Underwriting Support to exceed customer expectations.

  • Continuous focus on customer-driven process improvements.

  • Provide consistent and accurate information on CRM systems to aid in the production and performance of weekly and monthly sales analysis and reports.

PERSON SPECIFICATION:

  • You must have a valid UK driving license.

  • A first experience in a telesales environment is essential.

  • Experience in asset finance would be appreciated.

  • Experience working in a sales environment.

  • Numeracy and literacy; IT, Microsoft office, especially Excel and Outlook.

  • Planning and organizational skills.

  • Customer service skills and the ability to work alone while being a team player.

  • Able to understand and prepare basic asset financing proposals for underwriting

  • Able to interpret statutory and management accounts

  • Good presentation and interpersonal skills.

We strongly favor candidates with proven and relevant experience in financial services; in particular in Asset Finance and Leasing.

Only applicants with relevant experience in the country will be considered.

Contact : newleaf thumbnail apply btn


Source link

read more
Asset intitle:\"account\"

Malta’s current account deficit increases by € 55 million

Malta recorded a current account deficit of 382.7 million euros in the second quarter of the year, according to provisional figures, an increase of 55 million euros compared to the same period last year.

The National Statistics Office said figures for Malta’s external transactions show that between April and June, the current account balance recorded a deficit of 382.7 million euros, compared with a deficit of 327.5 million. euros in the same quarter of the previous year.

This is mainly due to the negative net balances recorded in the goods account (665.2 million euros), the primary income account (333.7 million euros) and the secondary income account (43.5 million euros). euros). This was partially offset by a positive net balance of 659.6 million euros in the services account.

During the same quarter, the capital account recorded a positive net balance of 15.9 million euros, 7.5 million euros lower than the figure recorded in 2020.

The financial account was shaped by increases in net assets of 110.4 million euros, an increase in the net asset balance of 167.9 million euros compared to the value recorded in the same quarter from 2020.

The change in the financial account balance results mainly from the positive net asset balances of portfolio investments (1.9 billion euros) and other investments (742 million euros).

This was partly offset by a negative net asset balance recorded in direct investments (2.6 billion euros).

Financial derivatives and reserve assets increased by € 12 million and € 3.1 million respectively over the same period.

Independent journalism costs money. Support Times of Malta for the price of a coffee.

Support us


Source link

read more
Asset intitle:\"account\"

New IRS Proposal Will Fairly Bother All Bank Account Holders

Bad news for American workers and small businesses: A nefarious rule touted as “improved law enforcement” will give the Internal Revenue Service (IRS) better access to our private bank account information.

Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig resurrect America’s family tax plan compliance program, specifically refining a measure to order the IRS to track annual inflow and outflow information bank accounts for non-monetary transactions over $ 600. What is their goal? Create a “comprehensive information reporting regime” that makes “tax administration fairer”.

“The president’s proposal would help make tax administration fairer by also subjecting financial flows, especially those that accumulate disproportionately to those at the top of the income distribution, to third party reporting.” , we read in the document of May 2021.

The Center for American Progress (CAP) said the Biden administration’s plan to “improve tax enforcement” is to “fund the enforcement of the IRS to high-income individuals and businesses.”

Would this rule be fairer and discourage tax evasion? The evidence points to the contrary.

The IRS rule proposal deconstructed

Under these proposed guidelines, all bank, loan, and investment accounts would be required to report gross inflows and outflows to the IRS, including PayPal, settlement companies, and crypto-asset exchange transactions. :

Other accounts that are located similarly to financial institution accounts would also be covered by this new reporting regime – for example, payment settlement entities would also be required to report gross receipts and gross purchases. The reporting regime would also cover foreign financial institutions and crypto-asset exchanges and custodians.

“It is important to implement comprehensive information reporting regimes, as partial reforms may simply shift tax evasion to other areas,” the document adds. “The IRS will be able to deploy this new information to better target enforcement activities, increasing oversight of wealthy fraudsters and reducing the likelihood that fully compliant taxpayers will be subjected to costly audits. As a result, voluntary compliance will increase through deterrence, as potential tax evaders will find that the IRS has an additional focus in previously unreported income streams. “

S-corporation (S-corp) filers will be particularly affected as they apparently do not pay their “fair share”:

The current statement of gross receipts only exists for certain types of income, and there is no information on deductible expenses. This is why the tax gap for the income of partnerships, S corporations and owners is estimated at around $ 200 billion per year, with the net percentage of false declarations for certain categories of income exceeding 50%.. Third-party information reports are already provided on major income streams for the vast majority of Americans, such as wages, pensions, and unemployment income. The president’s proposal would help make tax administration fairer by subjecting financial flows, especially those that flow disproportionately to those at the top of the income distribution, to third party reporting as well.

Fair financial pain for all bank account holders

The “global reporting regime,” in the words of the Biden administration, “would raise $ 460 billion” over ten years.

The revenue estimates assume that the bank reporting proposal will go into effect for tax year 2023, extending the implementation timeframe for the IRS and for financial institutions. At the same time, the Authority would seek ways to reduce any new burdens on financial institutions associated with this reporting requirement. This additional information reporting would also improve the effectiveness of enforcement actions, as it would provide an indirect measure of a taxpayer’s potential income, and suspicious account flows could help the IRS better target its enforcement activities. . This would benefit compliant taxpayers, whose risk of costly no-fault audits would decrease as the IRS better targeted enforcement actions. According to the Office of Fiscal Analysis, the increase in compliance that would result from this new reporting regime should increase $ 460 billion over the next decade.

The Wall Street Journal, however, noted that the figure will give Democrats the green light to expand social security coverage and pursue aggressive climate change policies.

Assembly opposition building

The American Banking Association wrote a letter on Sept. 7 expressing its opposition to the proposal, writing, “The proposal would create a significant burden on small businesses and community banks and add no discernible value to law enforcement. We understand that the proposal is under consideration and we are concerned that members are not aware of the important political and operational issues associated with this proposal. “

The ABA added that they already comply with the IRS, adding:

Banks are already reporting a huge amount of data to the IRS, much of which, as noted in public testimony, does not have the capacity to use. Under the new proposal, important additional information, such as payments on loans or transfers between different bank accounts of a taxpayer, would be captured and reported. The amount of information submitted would be massive, unmanageable and of questionable relevance for the calculation of taxable income. The IRS is a constant target of cybercriminals and has recently experienced significant data breaches. It is impractical and ill-advised for the government to endanger this large amount of additional sensitive financial data, especially when the IRS does not have the capacity to effectively use or protect that data.

In a September 13 letter, Republicans in Congress castigated the proposal:

“The recent spending proposal to include new tax reporting requirements for financial institutions would not only impose significant compliance costs on our banks, credit unions and related financial institutions that have served as the backbone of this economy over the past 18 months, but would also infringe on the privacy of millions of Americans, ”the letter read. “Specifically, such a proposal would require financial institutions and other financial service providers to report information on outflows and inflows on accounts over $ 600 to the IRS each year. “

The letter pointed out that, “However, financial institutions are currently reporting a huge amount of data to the IRS, and no evidence has shown that the proposed requirements would significantly aid the IRS’s efforts to close the tax gap beyond that. information already available to the IRS. “

IRS will have better access to information about private bank accounts

Adding insult to injury, the IRS will administer a new home watch program to effect the rule change. Reason Magazine described it this way:

The new national surveillance program, which requires congressional approval, is one part of a tripartite strategy to turn the entire global financial system into a smooth, safe-haven collection funnel to the IRS. The second part, which has so far occupied the bulk of Biden’s multilateral diplomacy, is to get the industrialized world to agree on a global minimum corporate tax of 15%, while putting in place a system. to prevent multinational companies from registering their profits in the lowest – tax jurisdictions.

The ABA added that the required data monitoring would put more strain on small community banks:

While all banks would be impacted, the massive and costly effort to provide this data will particularly weigh on small community banks. Designing a system to track and report inflows and outflows on all banking products is complicated and de minimis thresholds will do little to reduce this burden. Each financial institution will have to devote the necessary resources to filter each account to determine if gross activity is above or below a threshold, even if only a portion of those accounts ends up being reported.

Conclusion

How can taxpayers trust the IRS with their personal banking information if the agency is susceptible to cyber attacks and data breaches, let alone partisan targeting of certain citizens for further scrutiny? It would be dangerous to cede more power to a government agency prone to rogue behavior.


Source link

read more
Asset intitle:\"account\"

Petro Guardian Appoints Javier Mesa as Account Director

Petro Guardian is pleased to announce the addition of Javier Mesa to the Petro Guardian team.

LACOMBE, LA, USA, Sep 21, 2021 /EINPresswire.com/ – Petro Guardian, an industry leader in physical asset protection, electrical services and inspection services for oil and gas facilities, is proud to announce and welcome Javier Mesa as the new team account manager. In this role, Javier will be responsible for growing and developing new business while maintaining key customer relationships.

“I am delighted to join the Petro Guardian team and look forward to the opportunity to increase sales to current and potential customers,” said Javier.

Javier brings almost 20 years of sales and oilfield experience to this role. Prior to joining Petro Guardian, Javier gained expertise developing and leading sales teams in South Louisiana at Southern Glazer’s Wine and Spirits. He was an Petroleum Specialist at J. Mesa Land and Mineral Services with experience in mineral leasing, due diligence, extraction, seismic permits, acquisitions and other oil and gas related services in specific areas. States ranging from Texas to New York. He obtained his BA in Foreign Language from Southeastern University.

“Javier is an exceptional addition to the Petro Guardian team. His sales leadership, solid background and industry experience are a perfect match for our business, ”said Don Barcelona, ​​Senior Account Manager.

About Petro Guardian

Petro Guardian and its brands PG Electrical and PG Inspections provide electrical, construction, inspection, and lightning and static protection for oilfields to many of the United States’ largest and most productive oil and gas producers. United. Their technical protection plan has protected more than 50,000 tanks from the dangers of lightning and electrostatic discharges.
https://petroguardian.com/

Melissa LeBlanc
Petro keeper
+1 985-502-4380
[email protected]
Visit us on social networks:
Facebook
LinkedIn


Source link

read more
Asset intitle:\"account\"

J2835 – Internal Account Manager – UK, Dorset, Poole

At £ 45,000 with £ 70,000 OTE plus great benefits.

J2835 – Our client is looking for an internal account manager to work as a telemarketer, looking for new loans from all existing clients, old and new. You will provide excellent customer service to all customers, prospects, internal and external customers and maximize business opportunities using best practices.

Salary: up to £ 45,000 with £ 70,000 OTE plus excellent benefits. Location: United Kingdom, Dorset, Poole

Job reference: J2835
Profession: J2835 – Internal Account Manager – UK, Dorset, Poole – Asset Finance
Salary: At £ 45,000 with £ 70,000 OTE plus great perks
Remote work: No
Contact Number: +442037407222
Function: Sales (internal)
Job description :

J2835 – Our client is looking for an internal account manager to work as a telemarketer, looking for new loans from all existing clients, old and new. You will provide excellent customer service to all customers, prospects, internal and external customers and maximize business opportunities using best practices.

Salary: up to £ 45,000 with £ 70,000 OTE plus excellent benefits. Location: United Kingdom, Dorset, Poole

MAIN RESPONSIBILITIES:

  • Build and maintain new and existing relationships with introductory sources.

  • Introduce new business and support strategic accounts.

  • Achieve allocated goals of new transactions, volume and revenue by creating and maintaining a level of new requests, attending networking events and identifying and securing opportunities for new business and contacts.

  • Conduct sales meetings with potential clients / introducers as needed; complete risk models for facility sanction, research pending transaction inquiries and documents, maintain CRM system, attend sales team meetings.

  • Reach the prescribed number of calls per day.

  • Develop knowledge and understanding of the asset-based finance industry, including all of the company’s financial products and services, competitors, introducers, risks, client industry, market and sectors .

  • Work and liaise with Sales and Underwriting Support to exceed customer expectations.

  • Continuous focus on customer-driven process improvements.

  • Provide consistent and accurate information on CRM systems to aid in the production and performance of weekly and monthly sales analysis and reports.

PERSON SPECIFICATION:

  • You must have a valid UK driving license.

  • A first experience in a telesales environment is essential.

  • Experience in asset finance would be appreciated.

  • Experience working in a sales environment.

  • Numeracy and literacy; IT, Microsoft office, including Excel and Outlook.

  • Planning and organizational skills.

  • Customer service skills and the ability to work alone while being a team player.

  • Able to understand and prepare basic asset financing proposals for underwriting

  • Able to interpret statutory and management accounts

  • Good presentation and interpersonal skills.

We strongly favor candidates with proven and relevant experience in financial services; in particular in Asset Finance and Leasing.

Only applicants with relevant experience in the country will be considered.

Contact : newleaf thumbnail apply btn


Source link

read more
Asset intitle:\"account\"

J2814 – Account manager for European programs – Based in the Netherlands, Finland or the United Kingdom

Great salary, bonus and benefits.

J2814 – Our client is seeking a European Programs Account Manager to provide program and account management for strategic supplier and wholesale supplier programs in European markets, including maintaining relationships with suppliers and financial partners. You will also ensure the smooth running of existing programs and contribute to the successful implementation of new programs. You will manage individual credit proposals through payment, securing credit approvals and forwarding completed documentation to operations.

Great salary, bonus and benefits. Place: Netherlands, Finland or United Kingdom

Job reference: J2814 – 2
Profession: J2814 – European Programs Account Manager – Based in the Netherlands, Finland or the United Kingdom – Asset Finance
Salary: Excellent salary, bonus and benefits
Remote work: Yes
Contact Number: +442037407222
Function: Sales
Job description :

J2814 – Our client is seeking a European Programs Account Manager to provide program and account management for Strategic Supplier and Wholesale Supplier programs in European markets, including maintaining relationships with suppliers and funding partners . You will also ensure the smooth running of existing programs and contribute to the successful implementation of new programs. You will manage individual credit proposals through payment, securing credit approvals and forwarding completed documentation to operations.

Great salary, bonus and benefits. Place: Netherlands, Finland or United Kingdom

MAIN RESPONSIBILITIES:

  • Provide innovative financial solutions to suppliers and their customers, in particular through supplier financing programs managed by third party financing partners, offering leasing facilities to end customers.

  • Liaise with banking partners and Group companies across Europe to ensure the continuous development and improvement of existing programs.

  • Act as the initial point of contact for all new suppliers and customers.

  • Act as an account manager and liaise with existing clients and financial partners to handle any new proposal, request or issue.

  • Work with the company’s operational teams to act as the point of contact for any issues, if any, to ensure any issues are resolved in a timely manner.

  • Build and submit credit applications for higher value proposals in the agreed format and presented to the credit committee.

  • Analyze financial statements, including their conclusions in bids and / or credit proposals, and be able to confidently discuss their conclusions.

  • Provide an exceptional customer experience

  • Assist in the development of products necessary to meet customer needs, including pricing and program structure.

PERSON SPECIFICATION:

  • Graduated ideally in a related discipline, i.e. business studies, economics, finance.

  • Experience working in a corporate sales environment in the rental industry, with roles that spanned working with clients of different nationalities.

  • Knowledge and understanding of the financial services environment.

  • Knowledge and understanding of working and dealing directly with multiple stakeholders including the supply chain.

  • Understanding of supplier financing programs and risk sharing structures.

  • Dutch and English language is a requirement; other European language, preferably French and / or German, a definite advantage.

  • Although Amsterdam is the preferred location, applicants based in the UK or Finland may also be considered.

We strongly favor candidates with proven and relevant experience in financial services; in particular in Asset Finance and Leasing.

Only applicants with relevant experience in the country will be considered.

Contact : newleaf thumbnail apply btn


Source link

read more
1 2 3 4
Page 1 of 4