EXECUTIVE COORDINATOR JOB DESCRIPTION

Find detail information about executive coordinator job description, duty and skills required for executive coordinator position.

Is Coordinator same as executive?

It is not common for an executive coordinator to do secretarial tasks, such as typing, filing, and creating databases. Instead, a coordinator may send business letters, create company emails, and act as an intermediary between an executive and a client. Often times, this type of position is better suited for someone with experience in communication or who has some knowledge in accounting.

What's the difference between executive assistant and executive coordinator?

An administrative assistant is responsible for providing support to managers, other employees, and office visitors. They are also responsible for organizing the different activities and people involved in something to work effectively. An administrative assistant can help with a variety of tasks, such as data entry, filing, and customer service.

Is a coordinator higher than an executive assistant?

One of the most important jobs in any organization is the executive coordinator. This position oversees all aspects of company operations and is responsible for creating and implementing solutions to problems. The executive coordinator has a large role in managing recruitment, development, and retention of employees, as well as developing company strategies.

What is higher than a coordinator?

A manager is someone who oversees and directs a group of people. They may have experience in a particular field, such as business administration or marketing, or have a more general knowledge. Managers typically work at a higher level than coordinators, and may need more education or experience to qualify for a role. The specific requirements may be particular to an industry or more generalized.

Is executive a high position?

An executive is a type of manager who is in charge of an organization. They are responsible for ensuring that the organization is run smoothly andeffectively. An executive can also be a powerful leader, able to make changes in an organization with the help of their team.

Is executive lower than manager?

In today's world, there are many different types of managers. There are leaders who manage teams, managers who manage resources, and even managers who manage people. Each type of manager has their own strengths and weaknesses. A good manager is someone who can work with everyone in the organization and find a way to get the best out of them.

Is a coordinator higher than a secretary?

An office coordinator is responsible for the organization of their personal work area and the overall workflow of their office. This person is also expected to design and manage the workflow of their office to encourage productivity of administrative staff. Office coordinators have an important role in the organization and management of any office, and they are essential for success in any workplace.

Is Coordinator higher than administrator?

Most coordinators and administrators are responsible for a variety of tasks within their organizations, such as directing, managing, and executing projects. Coordinators typically have more experience and authority than administrators.

What is the next step after coordinator?

If you are looking to become a project manager, you should follow the traditional project management career path. This path typically starts with the role of a Project Coordinator or Administrator, and then progresses to the role of Project Manager and finally Project Director. By following this path, you will be able to manage projects effectively and ensure that all stakeholders are on board with your plans.

What is the highest position in administration?

The administrative job title hierarchy is very important because it determines the level of responsibility that an individual has. The first level in the job title hierarchy is the office manager. Office managers are responsible for managing and leading their department's work. They also have a lot of power over other employees and the business they run. The next level up is the executive assistant. Executive assistants are responsible for helping their boss with their day-to-day tasks. They also have a lot of power over other employees in the office. Lastly, there is the personal assistant. Personal assistants help their bosses with personal tasks such as cooking or cleaning for their employers. They also have a lot of power over other employees in the office.

What is the highest paying administrative job?

There are many high-paying administrative jobs that can be pursued if you have an interest in working in the medical field. These jobs include coder, executive assistant, facilities manager, and more. If you are comfortable with office work and can code, this may be the right career for you. Additionally, many call center jobs offer excellent pay and benefits, so if you are interested in working in this industry, you should consider it.

What is the next position after office manager?

Former office managers have many different options for finding employment. Administrative assistant jobs are the most common, with 4.28% of the population working as such. Customer service representatives are second most common, with 2.14% of the population employed in this role. Executive assistant jobs are also popular, with 1.05% of the population holding this position. Sales associate jobs are not as popular as they once were, but they still offer a good salary and benefits package.

Is coordinator a leadership position?

A team leader is in charge of setting strategic goals, while a team coordinator ensures those goals are met through careful operations planning. The team leader sets the overall direction for the team and oversees all aspects of the work. The coordinator ensures that all team members are working together towards common goals and objectives.

What does coordinator mean in a job title?

A Coordinator, or Project Coordinator, is responsible for helping oversee the successful completion of projects and events. Their duties include performing specialized tasks, managing a team of staff members and establishing relationships with vendors and freelance professionals. They are essential for ensuring that all project goals are met and that the event is successful. A Coordinator can be a great asset to any organization, whether it is a small business or a large institution.

What rank is a coordinator?

When it comes to coordinating projects, coordinators have a lot on their plate. They need to be able to think outside the box and come up with creative solutions to problems. This experience is often required for roles in industries that are highly competitive. In some cases, coordinators may even be called on to lead teams of employees in order to achieve results.

Is executive a low position?

Most companies have a CEO who is responsible for overall strategy and operations. However, in larger companies, there may be a few positions that are more important than the CEO. These positions include the Chairman of the Board (CB), who is in charge of day-to-day operations and oversees all aspects of the company. The President and Chief Operating Officer (COO) are responsible for managing the company's day-to-day operations and ensuring that it meets its goals.

Is a coordinator above a manager?

A coordinator generally is a person who helps the manager when she has too much work and needs to hand off a simple project. Coordinators often are required to come to their manager when they have a question, rather than making an executive decision if they are not sure. Coordinators can be very helpful in getting projects done on time and within budget.

What do executives do all day?

Chief executives work hard every day to lead their companies to success. They spend 25 percent of their time on people and relationships, 25 percent on functional and business unit reviews, 16 percent on organization and culture, and 21 percent on strategy. They are constantly working to improve the company's operations and create value for its shareholders.

Is executive a good title?

The most influential titles to hold in a company are the C-level positions. They are responsible for management, supervision and project execution. In a C-level position, you are often responsible for a group of people and their work.

What is executive job?

In many ways, working as a project manager can be a rewarding experience. You are responsible for making sure the project is completed on schedule, and that all of the necessary resources are available. In addition, you must be prepared to work with different team members and handle difficult challenges.

How do I become an executive?

The median salary for a U.S. company CEO is over $100 million a year, and the highest paid CEOs are usually those with over $250 million in annual income. Among the world?s wealthiest people, many CEOs have luxurious lifestyles and excellent educations. Leaders in many industries have successful careers built on their leadership skills, networking, and being committed to building relationships with others.

What is the next position after executive assistant?

If you are thinking of a career in business development, then the next step is to become a COO, VP of Business Development, Director of Public Relations, Executive Director of a non-profit, or Executive Assistant in another industry. All of these jobs offer opportunities for leadership and development in the field. If you have the passion for it and are serious about making a difference in your community, these careers are perfect for you.

What is a better title than executive assistant?

An administrative business partner can provide support for businesses of all sizes. They have many years of experience, and can help with a wide range of tasks, from managing files to leading meetings. They are highly efficient and know how to work well with others, so businesses can rely on them to stay on top of things.

What is higher than an executive assistant?

A senior executive assistant is a vital member of any organization, providing administrative and organizational functions that affect top-level personnel. They are typically responsible for carrying out specific tasks and responsibilities within their company, as well as liaising with other departments and individuals. As a result, they play an essential role in the overall management of an organization.

What is the difference between administrator and executive?

Usually, an Executive Assistant is an expert in project management while an Administrative Assistant is an expert in task management. When a higher level of strategic support is needed, an EA is usually the best fit. An EA can help with a variety of tasks, from managing projects to providing administrative support. This experience can be valuable for businesses of all sizes, as well as for individuals who need to work with many different people.

What is another title for office coordinator?

A community manager oversees a community-based organization and is responsible for developing and executing the organization's strategy, managing the day-to-day operations, and working with the board of directors. The community manager has a wide range of responsibilities, including but not limited to: developing relationships with its users, managing communication channels, and ensuring that the organization meets its goals. Community managers have a key role in building trust and building a strong relationship with their community.

What is the hierarchy of job titles?

Most companies have three titles: CEO, CTO, and President. The title of CEO is the highest level of corporate leadership. The title of CTO is responsible for technology and business operations. The title of Chief Financial Officer (CFO) is responsible for financial planning, budgeting, and managing the company's finances. Finally, the title of Executive President is the head of a company's executive branch. This role oversees all aspects of a company's day-to-day operations.

How do I move from coordinator to manager?

As a project coordinator, you're responsible for managing projects and ensuring that they meet all the necessary deadlines. You also have to be able to work well with others, and be able to communicate effectively. If you've ever wanted to move up in your career, this is the perfect opportunity for you. As a project manager, you'll have even more responsibilities and will need to be able to work with a wide range of different people. To move up in your career, start by earning certifications in project management. Then apply for jobs that border on project management positions at other companies. Finally, look into moving into management positions within your company. This will give you the experience and skills you need to lead projects successfully.

What is the purpose of a coordinator?

A coordinator is responsible for ensuring that tasks or events are carried out successfully by working with all relevant role-players to bring together resources, information, and services. Coordinators are often in charge of planning and coordinating major events, such as weddings or funerals. They also work to keep track of all the details involved in a project, from the planning stages to the last minute logistics. As a result, coordinators are essential in any project where there is a large number of players - from small businesses to larger organizations.

How do see yourself in 5 years?

"I would love to be a successful writer in the next five years. I have been wanting to write for a while and am excited about the opportunities that writing will give me. I am interested in writing for magazines and also want to be able to write for bigger publications. I know that I can do this and am just waiting for the right opportunity to come my way." - source.

What is an executive administrator?

The Executive Administrators provide support for the CEO and other executives as needed. They are responsible for producing status reports, accounting reports, and sales reports as needed. Their work helps support the executive board as needed.

Which is better office manager or executive assistant?

It is important to have an office manager who can help manage the overall organization. They are responsible for ensuring that all employees are taken care of and that the work is done in a coordinated manner. Executive assistants are better suited to only taking care of a few top managerial executives.

What does an executive assistant do?

The executive assistant helps the executive for whom they work with tasks such as scheduling; reviewing, prioritizing and responding to emails; answering and returning phone calls; organizing documents; maintaining records; taking notes at meetings and any other administrative tasks that help the executive perform their job. They are also responsible for taking care of any physical needs, such as cleaning and laundry.

What's the easiest job with the highest paying salary?

In 2022, there are many easy jobs that will pay well. Here are 18 of the most paying jobs in the US that will pay you well. 1. Personal Trainer 2. Flight Attendant 3. Dog Walker 4. massage therapist 5. librarian 6. Toll Booth Attendant 7. Research Scientist 8. Data Analyst 9. Personal Trainer Assistant (PTA) 10. Food Handler/Baker 11. Cleaner/Dentist Office Manager (DoM) 12. Personal Trainer Assistant (PTA) II

What is the highest paying hourly job?

Anesthesiologists are specialists in the diagnosis and treatment of pain and injury. They work with patients during surgery, post-operative care, and even after they've recovered from illness or injury. Anesthesiologists use a variety of medical technologies to help patients feel safe and comfortable during their surgeries.

What jobs make over 100k a year?

25 hot jobs that pay more than $100,000 a year are electrical and electronics engineers, information security analysts, medical and health services managers, general and operations managers, economists, chemical engineers, software developers, quality assurance analysts and testers. These positions offer competitive salaries and many have opportunities for career growth.

What job title is someone who does everything in an office?

The HR Generalist is responsible for all aspects of human resources management in a company. They know the ins and outs of every system, from employee records to payroll. They also have a keen eye for detail and are constantly trying to improve the process.

What are other executive assistant titles?

20. Executive Assistant (Lyft) - The title of the executive assistant job at Lyft is one that many people are likely to be interested in. The company offers a wide variety of services, and its employees are known for their attention to detail and their ability to work under pressure. This position may require some level of education, as the job requires a college degree or a related experience. 19. Administrative Coordinator (Airbnb) - With over $30 billion in sales this year, Airbnb is one of the largest online platforms in the world. The company has many offices all over the world, and it is important that these offices are able to communicate with each other effectively. The administrative coordinator job at Airbnb is responsible for ensuring that all of these offices are running smoothly and that they are able to meet their customer service goals. 18. Executive Assistant (Crowdstrike) - Crowdstrike is a company that specializes in providing information security services to organizations across the globe. Their executives have a lot of responsibility for ensuring that their customers? data is safe, and they need someone who can handle all of their administrative tasks as well as help with any security concerns that may arise. This position may require some level of education

What's the difference between a coordinator and a manager?

A project coordinator is responsible for ensuring that the project is executed according to plan and that all necessary resources are available. They work closely with the project manager to ensure that everyone involved is on the same page and that all stakeholders are satisfied with the end product.

What is another term for coordinator?

The director is responsible for the overall direction of a project. They work with the supervisor to ensure that everyone on the team is following the project plan and that all goals are met. The administrator is responsible for managing resources and ensuring that projects are completed on time and within budget. The adviser can help to improve communication between team members and can help with planning and execution of projects.

What is the difference between lead and coordinator?

In the construction industry, coordinator is a position title that refers to a team leader who ensures that the team's work on a project is coordinated and focused. This position is essential in the construction industry, as it is responsible for keeping team members organized and focused on the project and goals at hand. A team leader also sets goals and aligns the team's work with demands from higher management, clients and other stakeholders.

What skills do you need to be a coordinator?

A successful project coordinator needs both good organisational skills and the ability to lead workers and delegate responsibilities. They must be able to effectively multi-task and juggle multiple responsibilities at once. Additionally, they should have a keen attention to detail for ensuring the project meets all business' standards and goals. A successful project coordinator will be in demand as they can provide valuable input and guidance to their team. At Upskilled, they offer a competitive salary and benefits package that allows the employees to live an enjoyable lifestyle.

How do I interview for a coordinator position?

"I am a recent graduate of a top university with a degree in Business Administration. I have over 5 years of experience working in the budgeting and bookkeeping industry, which prepared me well for this role. In addition to my experience with technology, I am also comfortable working with diversity. I believe that my skills and abilities would be an asset to this team and would love to contribute to it." - source.

What is the difference between an analyst and a coordinator?

Benefits analysts and coordinators provide a variety of services to human resources directors, including researching employee benefits and helping to manage them. Benefits analysts can help identify the best ways to offer benefits to employees, while coordinators can help with the coordination of benefits offers from different businesses.

What's the difference between Executive Assistant and executive coordinator?

An administrative assistant, for example, provides support to managers, other employees, and office visitors. In comparison, a coordinator is responsible for organizing the different activities and people involved in something to work effectively. An administrative assistant can help a manager keep track of their work and make sure that all tasks are completed properly. Coordinators are responsible for leading and organizing activities so that everyone can be effective. They often have experience with different types of office environments and can help create an efficient work environment.

Which is higher coordinator or executive?

When working as an executive coordinator, you may be responsible for tasks such as sending business letters, creating company emails, and acting as an intermediary between an executive and a client. This position can be a valuable asset in the business world, as it allows you to take care of many important tasks without having to commit time to them.

What are the duties of a coordinator?

The Coordinator is responsible for helping oversee the successful completion of projects and events. Their duties include performing specialized tasks, managing a team of staff members and establishing relationships with vendors and freelance professionals. With a deep understanding of event planning and coordination, they are in charge of making sure every detail is taken into account before each event begins. The Coordinator is an important part of any event organization, and their skills will be key to success.

Is a coordinator higher than an administrator?

It is important to have a coordinator within the company who can coordinate small team projects and help with civil, judicial, political, and ecclesiastical affairs. Coordinators are essential for a company because they can take on many different roles and responsibilities.

Is Coordinator higher than associate?

A marketing coordinator is responsible for managing marketing efforts for a company. This position may also include developing and implementing marketing plans, conducting market research, and managing customer relationships. In order to be a successful marketing coordinator, you will have strong writing skills and be able to communicate with people from a variety of backgrounds.

Is executive same as manager?

A manager is the person who is responsible for the activities of a group of employees in an organization. A manager has a higher standing in an organization than a manager. A manager has a key role in managing the organization's resources and ensuring its success.

Is a coordinator a secretary?

One difference between the positions of office coordinator and secretary is that a secretary is primarily an administrative position. This means that they are not responsible for providing support over a wider range of tasks, and may instead be limited to working within the confines of the office. Office coordinators, on the other hand, are required to provide support over a wider range of tasks and may be responsible for managing office staff.

How do I become a coordinator?

A coordinator's degree can provide a valuable addition to any organization. In event management, for example, a coordinator could help plan and manage events, including receptions and dinner parties. Business administration may also be beneficial, as the coordinator could work with clients to develop marketing plans or strategies.

What's the difference between a manager and a coordinator?

A project coordinator is responsible for the overall execution of a project. This individual will work with the project manager to develop a plan, set realistic deadlines and expectations, and monitor progress. The coordinator is also responsible for coordinating the work of team members.

What is the next level after coordinator?

The Coordinator position is a key position in any organization. This position oversees the work of other team members and ensures that all tasks are completed in a timely manner. The Specialist III position is responsible for providing quality service to their customers. They must be able to work under pressure and have excellent communication skills. Supervisors are the highest level supervisors within an organization and they are responsible for managing all employees.

What is the next step after executive assistant?

As an executive assistant to a CEO, you may be wondering what's next after being an EA. After all,executive assistants become the assistant to progressively higher level executives, which can lead to opportunities such as working with companies in a variety of industries or becoming involved in specific projects. If you're interested in pursuing an executive assistant career, there are a number of things you can do to get started. First, check out career websites such as Indeed and Glassdoor. These sites offer a variety of resources that can help you learn about the different types of executive assistants and their jobs. Next, start looking for job postings on Indeed and other job search portals. You'll likely find many postings for executive assistants if you're looking for a specific type of job or if the company is hiring for a specific position. Finally, consider attending specializationshops or conferences related to executive assistants. These events may give you an opportunity to meet with different executives and learn more about the different types of executive assistant jobs.

Is an executive assistant higher than a manager?

Most office managers are responsible for managing the affairs of a small office. They work with their employees to ensure that everyone is taken care of and that the office functions smoothly. Executive assistants are typically responsible for a specific area of work, such as customer service or research. However, they may also be assigned to handle some administrative tasks in the office.

What is a marketing executive salary?

As a marketing executive, you can expect to earn in the region of ?20,000 to ?30,000. Senior marketing executives (with around five years' experience) can earn between ?30,000 and ?45,000, with marketing managers earning up to ?60,000. Marketing directors can earn from ?60,000 to more than ?100,000.

Why do we need to hire you?

"I have worked with coding for a few years now and I have found that it is a great way to communicate with other people and build things. I have also used it to create websites and even a product. In my previous roles, I have used code to communicate with customers, developers, and other team members. I know how to use code well and can see the value in it." - source.

What does it mean to be a coordinator?

The coordinator of a project is a key player in its success. They work diligently to make sure the project is completed on time and as planned. This person is responsible for ensuring that everyone involved in the project is on the same page and working together efficiently.

What level is executive?

An executive is an individual who holds administrative or supervisory authority in an organization. So, while many companies consider positions in the C-suite to be executive positions, any managerial position is an executive position. This includes C-level, V-level, D-level, and B-level. A C-level executive typically has a comprehensive understanding of their company's strategy and operations. They work with their team of managers to create the company's vision and strategy. The C-level executive sets the tone for the company, sets priorities for the organization, and makes decisions that affect everyone within it. A V-level executive is responsible for managing day-to-day operations within their department or division. They often have more direct control over employees than a C-level or a B-level executive. A V-level president is also responsible for developing business strategies and implementing them across their department or division. A D-level executive holds a lower level of management responsibilities within an organization than either a V- or A-levels president or CEO. They are most likely concerned with strategic planning, managing resources, andliaising with other departments or divisions within the company.

Is executive higher than supervisor?

"In his previous position as a creative director at a large advertising agency, Tom had worked with some of the world's most famous and influential brands. He knew how to get things done, and he was well-liked by the other employees. One day, Tom was transferred to a new position as the manager of a small design firm. He had never worked with such limited resources before; it was clear that this company wasn't going to be able to compete with the big agencies. Tom quickly learned that he needed to take charge and make sure that the team was meeting deadlines, coming up with new ideas, and working effectively together. He also had to be very organized in order to make sure that all of the staff were staying on top of their jobs. The results have been very good so far - the team is growing faster than ever before, and we're consistently meeting the deadlines. In fact, I'm getting so used to being a manager at this company that I'm starting to feel like an exec myself!" - source.

What does executive in a job title mean?

The most influential titles to hold in a company are the C-level titles. These positions often oversee others and require strong leadership skills. In a C-level position, you are often responsible for management, supervision and project execution. Some of the most influential C-level titles include Chief Operating Officer (COO), Chief Financial Officer (CFO), and President of Sales. Each title has a major impact on the company's overall success and ability to achieve its goals. With the right skills and experience, you can hold any of these positions in a company and have an impact on its success.

What is an executive administrative coordinator?

The executive coordinator is responsible for carrying out administrative and clerical tasks for senior management to support business functions and operations. Executive coordinators act as a liaison between team members and the executives, sharing the employees' concerns and addressing their inquiries. They are also responsible for ensuring that the business runs smoothly and efficiently.

Is administrator lower than coordinator?

Administrators are responsible for all employee work performance in an entire department. They may also be responsible for: Scheduling appointments, reservations and meetings. Administrators help plan and execute events, and may also be responsible for providing guidance or support to employees.

Why do you want to be an office coordinator?

"I am a hard worker who is always willing to go the extra mile for my employer. I have a lot of experience in this field and I'm always looking for ways to improve my skills. I'm also very good at working with others and can help build a team atmosphere in the office." - source.

What are the 10 most common interview questions and answers?

1. Tell me about yourself. 2. Why are you interested in this job? 3. How has your experience prepared you for this role? 4. What is your greatest strength? 5. What is your greatest weakness? 6. What is the biggest challenge facing this company and what can you do to address it? 7. Have you ever left or been fired from a job before? If so, how did that go? 8. Tell me about any previous projects you?ve worked on that involved customer service or working with other teams simultaneously. 9. Tell me about your favorite thing about this job and why it?s important to you. 10. Do you have any questions for me, either before or during the interview?

How do you answer tell me about yourself?

"My name is _____ and I am a recent graduate of _____. I have experience working in a variety of roles, from customer service to marketing. I am passionate about my work and want to learn more about the company and its products." - source.

How do I succeed as a coordinator?

A successful project coordinator knows how to communicate with stakeholders and team members on a day-to-day basis, as well as taking into account the details of a project. They are also able to work swiftly and efficiently, which results in a well-coordinated project.

Is supervisor and coordinator the same?

Supervisor is someone who oversees the work that is done by a coordinator. The supervisor has to be responsible for the timely and satisfactory completion of some task. The supervisor also has to follow the instructions of the coordinator.

Can executive assistant become CEO?

An Executive Assistant has many highly transferable skills that can be used to succeed in the C-Suite. They have experience working with people, and can develop relationships effectively. Additionally, they are excellent at problem solving and have a strong work ethic.

What is the average age of an executive assistant?

Executive assistants are typically experienced professionals who help their employers with a range of tasks, from preparing food to handling customer inquiries. They come from many different backgrounds and ethnicity, but they all share a common goal: to help their employers succeed.

What is a better title for executive assistant?

A senior administrative assistant is a position that provides leadership and support to other employees in the office. This position typically oversees a large section of the office, including but not limited to the customer service, accounting, and human resources departments. The assistant is responsible for managing important tasks and ensuring that all operations run smoothly. As a senior administrative assistant, you will have experience working with large organizations and will be able to contribute to the organization's success.

What are the top 3 skills of an executive assistant?

There are a few key skills that are essential for any type of executive assistant role. These include excellent communication and organizational skills, as well as good time management and networking abilities. Additionally, being willing to learn is also important, as it will allow you to grow in your administrative role.

What is an assistant to a CEO called?

Most people think of an Executive Assistant as a support person who does the grunt work for their boss, but in reality, an Executive Assistant can do a lot more than just help with paperwork and communications. They can be a valuable asset to any organization, and in fact, many CEOs prefer to have an Executive Assistant who is not only well-educated and experienced, but also creative and able to come up with innovative solutions.

What is the highest level of executive assistant?

It is important to have a strong executive assistant who can take on a number of responsibilities and help the CEO lead their company to success. The highest level of executive assistant is the chief of staff, who can take on more responsibility and move into higher executive-level roles.

What qualifications do I need to be an executive assistant?

When starting out as an executive assistant, the first step is to get the right education. A high school diploma or equivalent is necessary to begin your career in this field, but it's not enough. You'll need to obtain relevant certification, too. Next, you'll need to get the right training and experience. You should also work in a professional environment and hone your skills. Finally, be active in your community and learn about new businesses and trends.

Is executive assistant hard?

Administrative professionals, specifically office managers and administrative assistants, but especially executive assistants, work hard. They are always busy and always looking for ways to improve their work.

Are executive assistants happy?

The executive assistant career has many challenges and is not always easy to obtain a good job. However, if you are dedicated and have the right skills, it can be a rewarding career. Executive assistants often work behind the scenes in companies, helping to manage their properties and offices. They may also be responsible for providing support to other employees, such as with scheduling and work-life balance.