A finance service representative works for a bank or other financial establishment to aid customers with various investments. They may also work as the point person for managing regular loan applications for home mortgages, including providing information to customers on the application process. The representative also looks at the client's current investments and debts, and they may also be expected to make recommendations related to reducing payments or interest. Many banks also sell investment insurance and life-event insurance. The financial services representative presents these products to clients and customers as well.
Finance service representatives must be familiar with and able to speak to customers about various investment tactics to suit the varying needs of the bank's customers. They should also gather information from clients such as age, time until retirement, family size, and income to help the client determine appropriate investment options.
The educational requirements for this position vary by institution. Some establishments allow practical banking and demonstrated financial product knowledge to supersede formal education, but many banks prefer individuals with at least a bachelor's degree in business, finance, or a related discipline. Finance service representatives will typically work in an office environment during regular business hours while earning around $16 per hour.
Finance Service Representative Overview
Finance Service Representative Careers
There is more than meets the eye when it comes to being a finance service representative. For example, did you know that they make an average of $16.75 an hour? That's $34,844 a year!
Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.
What Does a Finance Service Representative Do
There are certain skills that many finance service representatives have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, initiative and detail oriented.
When it comes to the most important skills required to be a finance service representative, we found that a lot of resumes listed 14.3% of finance service representatives included financial services, while 8.3% of resumes included communication, and 4.8% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance service representative job title. But what industry to start with? Most finance service representatives actually find jobs in the finance and health care industries.
How To Become a Finance Service Representative
If you're interested in becoming a finance service representative, one of the first things to consider is how much education you need. We've determined that 47.8% of finance service representatives have a bachelor's degree. In terms of higher education levels, we found that 10.4% of finance service representatives have master's degrees. Even though most finance service representatives have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a finance service representative. When we researched the most common majors for a finance service representative, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on finance service representative resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a finance service representative. In fact, many finance service representative jobs require experience in a role such as customer service representative. Meanwhile, many finance service representatives also have previous career experience in roles such as teller or sales associate.
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Finance Service Representative Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a finance service representative can determine their career goals through the career progression. For example, they could start out with a role such as personal banker, progress to a title such as account executive and then eventually end up with the title manager, assistant vice president.
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Average Salary for a Finance Service Representative
Best Paying Cities
Recently Added Salaries
Job TitleCompany  | Company | Start Date | Salary |
|---|---|---|---|
Banner Health Patient Financial Services Representative Central Billing Office Patient Financial Services Representative Central Billing Office | Banner Health Banner Health | 01/29/2021 01/29/2021 | $34,43601/29/2021 $34,436 |
Hachette Book Group USA Customer Financial Services Representative (Credit & Collections) Customer Financial Services Representative (Credit & Collections) | Hachette Book Group USA Hachette Book Group USA | 01/27/2021 01/27/2021 | $45,00001/27/2021 $45,000 |
Robert Half Patient Financial Services Representative Patient Financial Services Representative | Robert Half Robert Half | 01/23/2021 01/23/2021 | $39,65301/23/2021 $39,653 |
Randstad Financial Services Rep--Retirement Plans Financial Services Rep--Retirement Plans | Randstad Randstad | 01/21/2021 01/21/2021 | $33,39201/21/2021 $33,392 |
Drug Information Association Inc. Patient Financial Services REP Obgyn Patient Financial Services REP Obgyn | Drug Information Association Inc. Drug Information Association Inc. | 01/19/2021 01/19/2021 | $29,94801/19/2021 $29,948 |
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Finance Service Representative Resumes
Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Finance Service Representative. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.
Learn How To Write a Finance Service Representative Resume
At Zippia, we went through countless Finance Service Representative resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.
View Detailed InformationTop Colleges for Finance Service Representatives
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. SUNY at Binghamton
Vestal, NY • Public
5. Villanova University
Villanova, PA • Private
6. San Diego State University
San Diego, CA • Public
7. Bentley University
Waltham, MA • Private
8. Boston University
Boston, MA • Private
9. SUNY Stony Brook
Stony Brook, NY • Public
10. New York University
New York, NY • Private
Top Skills For a Finance Service Representative
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.3% of finance service representatives listed financial services on their resume, but soft skills such as analytical skills and initiative are important as well.
- Financial Services, 14.3%
- Communication, 8.3%
- Customer Service, 4.8%
- Insurance Companies, 4.8%
- Loan Applications, 3.7%
- Other Skills, 64.1% See All Finance Service Representative Skills
Best States For a Finance Service Representative
Some places are better than others when it comes to starting a career as a finance service representative. The best states for people in this position are New York, Maryland, Illinois, and Connecticut. Finance service representatives make the most in New York with an average salary of $61,507. Whereas in Maryland and Illinois, they would average $42,439 and $41,455, respectively. While finance service representatives would only make an average of $40,976 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New York
$61,507
Avg. Salary
2. Illinois
$41,455
Avg. Salary
3. Connecticut
$40,976
Avg. Salary
How Do Finance Service Representative Rate Their Jobs?
Top Finance Service Representative Employers
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ finance service representatives and discovered their number of finance service representative opportunities and average salary. Through our research, we concluded that SunTrust Banks was the best, especially with an average salary of $31,764. MetLife follows up with an average salary of $35,186, and then comes Verizon Communications with an average of $34,272. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a finance service representative. The employers include National Bank Holdings, Banner Health, and BCA Financial Services, Inc.
Finance Service Representative Videos
