When the pandemic hit the world, most of the businesses shut down. Some filed for bankruptcy while others closed their businesses temporarily. However, there are businesses or fields that became in demand like the Medical field i.e. hospital technicians, doctors, nurses  Jobs in UAE etc. One of it is the Finance fields, i.e. banking, insurance, accounts, etc.

Since the COVID-19, online finances, insurances, savings became the priority purchases of some people since some were reminded how important having extra savings in times of emergency, hence financial consultants became one of the most sought after professions.

If you are new in UAE or maybe thinking on switching careers, Finance Jobs can be in your List.

Banking and/or Credit Card Officers

Average Monthly Income: AED3,000 - AED6,000

In some areas of UAE, there are added incentives for credit cards officer depending on the clients that was closed by the officer monthly or the quota reached by the banker monthly.

Banking and credit card officers are scattered around the city. After the pandemic, people focused on how to save money and the importance of credit cards also increased. Hence it became one of the focus of people in Finance.

Financial Analyst

Average Monthly Income: AED6,000 - AED25,000

A Financial Analyst is the responsible person in taking care of the day to day expenses of a company. From doing the yearly budget allocation and forecasting to evaluating company’s revenue and studying the financial details, Financial Analyst is responsible for everything.

Investment Banker

Average Monthly Income: AED15,000 - AED25,000

Investment banker’s main responsibility is to give advice to the company on where and when to invest company’s assets and finances. It includes on studying the market, creating portfolios for the target investments, creating short and long term planning.

Insurance Officer

Average Monthly Income: AED6,000 - AED25,000

Insurance officer works in the fields of Medical, Lifestyle, Vehicle, Real Estate etc. Salary varies depending on which field you will be mastering. In Dubai, selling insurance will not be a challenge as it is a must for every resident whether for medical or vehicle. Officer should focus on explaining to client the importance of insurance and what policy contains.

Compliance Officers (Financial)

Average Monthly Income: AED15,000 - AED25,000

Compliance officer responsibility is merely ensuring that the company is adhering to the internal and external regulations in terms of banking, investing, etc. Compliance officer is responsible to catch irregularities in the financial aspect of the company.

Investor Relations Officer (IRO)

Average Monthly Income: AED4,000 - AED10,000

Investor Relations Officer serves as the bridge in giving transparent report to both company and investors. IRO provides insights on market activity, managing investor’s relations with the company, maximizing the shareholder value etc. The key difference between IRO and PR is that IRO is focused on the internal shareholders of the company while the PR focuses on the external ones i.e. consumers.

Finance Manager

Average Monthly Income: AED17,000 - AED30,000

Finance Manager is the one taking care of the daily finance flow of the company. They conduct study on the payables, remittances, liquidations, etc., of the company. They are the auxiliary of the CFO when it comes to the financial aspect of the company. Main task of the Finance Manager is to police all the irregular transactions and find solutions on how to balance the finances.

Chief financial Officer (CFO)

Average Monthly Income: AED45,000 - AED80,000

CFO is the highest position in Finance. They basically oversee that flow of the company’s finances, the revenue of company, studying company’s EBITDA (earnings before interest, taxes, depreciation and amortization), yearly budget forecasting, investments etc. Together with the Finance Manager, CFO approves the finance movement of the company.

Career in Finance world is the one of the best ones that you can take, as the concept of job is the same anywhere you will go and it will have differences only based on the Country’s laws. However, having knowledge in banking, budgeting, expense forecasting, insurance or financial related items gives you a great edge once you start your Career in UAE .