My job shadowing experience at First Finance Ltd. gave me a valuable opportunity to gain insights into the diverse aspects of asset management and financial operations. The company’s specialization in providing investment opportunities through its four funds, each tailored to different financial goals, highlighted the importance of aligning investment strategies with client needs.
I learned about mutual funds’ crucial role in providing clients with investment opportunities in the Business Development Department. I observed how the department effectively engages with clients through in-person and phone interactions, emphasizing the importance of clear communication and building solid relationships. This experience underscored the department’s pivotal role in attracting clientele and driving the company’s growth.
The Finance Department offered me valuable insights into accounting and financial management principles. I learned about the calculation of PAYE taxes for resident Ghanaians, the processing of different types of checks, and the significance of adhering to accounting standards. These practical skills are essential for anyone working in a financial setting.
Furthermore, I gained a deeper understanding of pension schemes in Ghana. I learned about the three-tier system and the importance of contributing to pensions even after retirement. This challenged the common misconception that pensions are solely for retirement income.
The company’s use of managerial accounting software to streamline financial processes and reduce errors further enhanced my understanding of the importance of technology in the financial industry. I observed how this software efficiently managed tasks such as cash reporting, payment vouchers, and issuing payment orders.
My job shadowing experience at First Finance Ltd. gave me a comprehensive overview of the financial services industry. I gained valuable skills in client onboarding, economic analysis, and compliance with industry standards. This experience has equipped me with the necessary knowledge and skills to pursue a career in finance and contribute effectively to the industry.
Dana Agyei-Minta is a Business Administration student in the Class of 2025.
