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PMKVY Job Roles - BFSI Sector Skill Council of India

Published on Oct 08, 2021

PMKVY Job Roles - BFSI Sector Skill Council of India

Banking & Financial system of the country plays a substantial role in promoting the long term growth of the economy. The major segments of the Industry are Banking, Insurance and Mutual Funds. Banking and Insurance sector contributed 6% of GDP during the year ended 2008. Sector’s contribution to GDP during the period 2001 to 2008 has grown at a CAGR of 11.5% in real terms.

The BFSI Sector Skill Council of India was recently set up to bring leading organizations of the BFSI industry together to create strategies and operational plans that will create standardized skill requirements for the various job roles in the industry. The skill council will also accredit well-equipped service providers who will partner to disseminate the training. The skill council is seen by its stakeholders and partners as a nation-building activity with far reaching implications for social development and empowerment through financial inclusion. Great care is being taken to appropriately address the needs of the various industry verticals as well as the geographical regions of the country.

Courses Offered for BFSI Sector Skill Council of India

Accounts Executive - Accounts Payable and Receivable

Role Description: Accounts Executive (Accounts Payable & Receivable) is a person responsible for maintaining the suppliers’ accounts and makes authorized payments to them on behalf of the company, raises bills on its customers, receives and acknowledges collections on behalf of the company, keeps records, and

Accounts Executive - Payroll

Role Description: Accounts Exec. (Payroll) is a person responsible for calculation of gross and net salary payable to employees. Hands-on knowledge of statutory deductions from salaries and other allowances, Income tax TDS and other adjustments to salaries are of prime importance. He needs to make systematic and time

Accounts Executive - Recording and Reporting

Role Description: Accounts Exec.(RR) is a person responsible for maintaining records of defined receipts and paym ents, accounting for provisions, preparing BRS, preparation of Depreciation schedule and compiling and presenting periodical statements of extracts from ledgers to show total amount of receipts a

Accounts Executive - Statutory Compliance

Role Description: Accounts Exec. (Statutory Compliance) is a person responsible for accumulating data required for comp utation of tax liabilities namely Service Tax, TDS and VAT. His responsibilities would include ascertaining tax liabilities, making approved and authorized payment to the Government within the app

Business Correspondent & Business facilitator

Role Description: Business Correspondents and Business facilitators are representatives of a bank, responsible for building awareness, sourcing prospective customers. In addition, business correspondents are also responsible for carrying out banking transactions for existing customers.

Debt Recovery Agent

Role Description: Debt Recovery Agents are responsible for collecting monies which are owed to the parties they represent. Debt Recovery Agent's role embodies professionalism & customer service. They work either on behalf of the company to which the money is owed or as a pa

Equity Dealer Level 4

Role Description: Equity dealers buy and sell investment and financial instruments on behalf of their clients.

Life Insurance Agent

Role Description: Life InsuranceAgents sell life insurance policies to individuals

Loan Approval Officer Level 4

Role Description: Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses

Mutual Fund Agent

Role Description: A mutual fund agent sells mutual funds to prospective customers

Small and Medium Enterprise Officer (SME Officer)

Role Description: SME officers handle, build and maintain relationships with SME customers and also process their applications

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