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Skill India Account Executive Course

Introduction
Role of Skill India Mission
Work Description
Scope
roles & responsibilities
Skills & Abilities
Work Environment
job salary
conclusion
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Introduction

National Skill Development Corporation, or as many people know it NSDC, is a Non-profit public limited company incorporated on July 31, 2008, under section 25 of the Companies Act, 1956 by the Ministry of Finance as a Public Private Partnership model.

  • The Mission of NSDC
  • Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum, and quality assurance.
  • Enhance, support, and coordinate private sector initiatives for skill development through appropriate Public-Private Partnership (PPP) models; strive for significant operational and financial involvement from the private sector.
  • Play the role of a ‘market-maker’ by bringing funds, particularly in sectors where market mechanisms are ineffective or missing.
  • Prioritise initiatives that can have a multiplier or catalytic effect as opposed to a one-off impact.

Role of Skill India Mission

The Skill India Initiative has partnered with, private education institutes that offer such courses to help students get better opportunities to learn. One such institute is Hrishi Computer Education which provides the core 5 NSDC skill courses and is the only one to do so in the Palghar District. The fees for the account executives course is covered by the Government and the Students can learn these Valuable career skill for Free.

Work Description

An Account executive may work in many fields as accounting is required for all businesses, big and small, and is responsible for helping their companies In some fields, Account executives are also known as account handlers and sometimes also act as intermediaries between other departments within an organization to ensure the success of their clients.

Scope

Job roles in Accounting

Job Description

Average Salary

Bookkeepers:

Bookkeepers maintain the daily financial occurrences of a company. Recording and presenting financial standings and reporting to management and other supervisors is a basic part of the job.

The Average Salay of a Bookkeeper in India is between 1 LPA and 7 LPA with a baseline of 2.5 LPA

Auditor

The work of an Auditor is to review a business or individual’s financial filings to ensure calculations are correct and all finances are accounted for. They are necessary when financial crimes are suspected within a company or when accessing financial records.

The Average Salay of an Auditor in India is between ₹ 1.0 Lakhs to ₹ 9.0 Lakhs Per Annum

Accounting Clerk:

Accounting clerks are responsible for helping maintain finances at an organization. Their work includes filing paperwork, tracking income and debts, creating reports, and maintaining records.

The average Accounting Clerk’s salary in India ranges from ₹ 0.2 Lakhs to ₹ 5.1 Lakhs with an average annual salary of ₹ 2.3 Lakhs per year.

Credit analyst:

Primary duties of a credit analyst are collecting and analyzing data from an individual’s financial background to assess their credit and often work for banks or insurance companies to determine an applicant’s fitness for a loan

Credit Analyst salary in India ranges between ₹ 2.2 Lakhs to ₹ 13.0 Lakhs with an average annual salary of ₹ 5.4 Lakhs. 

Compliance officer:

Compliance officers are responsible for making sure of all financial filings, decisions and tasks are compliant with national laws regarding company finances. 

Compliance Officer salaries in India range from ₹ 2.2 Lakhs to ₹ 16.0 Lakhs with an average annual salary of ₹ 5.0 Lakhs

Tax accountant

The Tax Accountant is responsible for completing and filing tax returns. They do this for an individual or business, depending on their position by collecting all necessary information, submitting data accurately, and calculating the proper outcome of the tax return, annually.

Tax Accountant Salary in India ranges between ₹ 1.5 Lakhs to ₹ 12.2 Lakhs with an average annual salary of ₹ 3.6 Lakhs

Accounts payable manager

Accounts payable managers are required to handle all of the bills and invoices that a company has to pay. They work to manage a team, ensuring the department adheres to all policies and overseeing invoices and check processing

Payable Manager salary in India ranges from ₹ 3.5 Lakhs to ₹ 14.0 Lakhs with an average annual salary of ₹ 8.7 Lakhs

Financial analysts:

Financial analysts are required to track the state of stocks, bonds, and other investments to make recommendations and predictions for organizations. They make financial decisions that are best for the business 

Financial Analyst salary in India ranges between ₹ 2.1 Lakhs to ₹ 10.1 Lakhs with an average annual salary of ₹ 4.0 Lakhs

Budget analyst:

Budget analysts are responsible for determining when, where, and how much money to invest. They are often tasked with managing multiple budgets and ensuring money is being spent properly. 

Budget Analyst Salary in India ranges between ₹ 2.1 Lakhs to ₹ 10.1 Lakhs

Personal finance advisers:

They have to work with individuals to assess and develop financial plans according to the individual’s goals and make investment recommendations, establish accounts, or suggest ways to cut spending in various areas.

Personal Financial Advisor salary in India ranges from ₹ 1.0 Lakhs to ₹ 6.3 Lakhs with an average annual salary of ₹ 3.0 Lakhs

Risk analysts:

They work to assess the financial risk that comes with important business decisions and often work for insurance companies and use software to calculate the best and worst possible outcomes.

Financial Risk Analyst salary in India ranges from ₹ 2.9 Lakhs to ₹ 15.6 Lakhs with an average annual salary of ₹ 6.0 Lakhs.

Roles and Responsibilities

  • The Account Executive provide support for clients by learning about and satisfying their needs
  • The work of the Account Executive also includes Making cold calls or reaching out to prospects
  • They need to follow up with potential clients several times throughout the sales cycle to ensure needs are met
  • Explain the value of products and services to prospective buyers
  • Find trends by analyzing data
  • Developing sales strategies is also a big part of their account executive responsibilities
  • Keep an eye on company offerings and industry trends
  • Maintain a database of contacts
  • Create long-lasting, mutually beneficial relationships with external contacts as well as internal departments to create a better customer experience
  • They also handle complaints and negotiations

Skills and Abilities

  • Organization Skills
  • It is important for a Professional Account Executive to have Organisation skills. They are required to manage multiple accounts at a time and keep track of different contacts associated with accounts hence making Organisation skills very important.
  • Communication and Public Speaking Skills
  • Verbal communication and public speaking are important skills of an account executive as it is needed regularly and every single day and along with effective communication comes good listening skills. All of these together can make a good Account Executive. It’s important that the Account Executive listen to clients, understand what they heard and communicate it back to their business team accurately.
  • Time Management Skills
  • The Account Executive has to work around tight deadlines and this is a major part of their job. Account executives can have time constraints on closing accounts of prospective as well as old clients. This makes Time Management Skills Absolutely Necessary.

Work Environment

As an Accounts Executive, you will be required to work on different things during different times of the day, such as Calling clients for Follow ups, reminders, talking with the internal team for better productivity, and so on. The Accounts Executive mostly works a typical 40 to 45 hour work week but can be required to work on certain weekends or overtime.

Job Salary

The Average account executive salary in India is somewhere around 4.2 Lakhs per year. However, the actual figure you get may vary from Organisation to the organization due to many reasons.

Conclusion

The account executive work often relies on stress and tight deadlines while also dealing with multitasking. However, most organizations rely on Account Executives to bankroll the salaries of other members of the organization. It is a very responsible job position and hence is a very lucrative job. The Industry is also growing and there are a lot of new job opportunities for Freshers and Experienced people alike.

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