Financial Counselor Job Description

financial counselor job description includes a detailed overview of the key requirements, duties, responsibilities, and skills for this role.

Last update : July 14, 2023

Financial Counselor Job Description

A financial counselor is a person who provides financial advice to clients, either in a one-on-one situation or a professional setting.

Financial counselors expect their clients to be educated on the purpose of financial advice, and the financial counselor should have in-depth knowledge of the financial, legal, and social aspects of their clients.

Financial counselors must be understanding of their clients’ emotional drivers, and they must design strategies that take into account their clients’ cultures, beliefs, and attitudes about money.

Financial counselors typically meet clients in person, over the phone, and online.

They typically work in private practice, but many financial counselors work in banking, insurance, and investment firms.

Job Brief:

We’re looking for a Financial Counselor to provide guidance and support to those who are struggling with their finances. You will be responsible for helping people create budget plans, negotiating with creditors, and providing general financial advice. If you have experience in the financial industry and a passion for helping others, then we want to hear from you!

Financial Counselor Duties:

  • Provide financial advice and tools to homeowners and prospective buyers
  • Manage and maintain relationships with clients
  • Develop a financial plan for clients
  • Assist in financial planning procedures
  • Manage mortgage, credit, and insurance accounts
  • Keep up-to-date on industry trends
  • Become certified in residential mortgage lending

Financial Counselor Responsibilities:

  • Develop individual and organization financial profiles
  • Conduct financial analysis to assist with personal and business decision making
  • Develop and maintain a financial plan and a budget
  • Work with outside advisors and specialists on real estate investments, cash flow analysis, and tax planning
  • Propose operational improvements based on financial analysis
  • Oversee accounting activities including accounts payable, accounts receivable, and payroll
  • Work with company’s legal team on legal processes and operations
  • Integrate accounting functions into day-to-day business activities
  • Implement and monitor all internal controls
  • Keep accurate records of all transactions
  • Develop reports and present findings to management
  • Supervise and monitor the accounting staff
  • Maintain organized files
  • Integrate appropriate technology and apply best practices
  • Develop a budget and adhere to it
  • Assist with ongoing tax compliance

Requirements And Skills:

  • Earnings of at least $30,000/year as a financial counselor (or similar)
  • 1+ years’ proven experience as an investment advisor
  • Strong knowledge of financial principles
  • Advanced knowledge of Excel
  • Good understanding of banking and investment products

Our company is an equal opportunity employer. We’re committed to diversity and inclusion, and encourage applications from people of all races, religions, national origins, genders, and ages, as well as veterans and individuals with disabilities.

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