Financial Managers, Branch or Department

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Financial Managers, Branch or Department

Careers / Financial Managers, Branch or Department

Summary Description


	Direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.

Sample Job Titles

1.	Account Manager

2.	Accountant Supervisor

3.	Accounting Manager

4.	Accounts Manager

5.	Accounts Supervisor

6.	Actuarial Manager

7.	Asset Manager

8.	ATM Manager

9.	ATM Manager (Automatic Teller Machine Manager)

10.	Auditing Manager

11.	Auditor Supervisor

12.	Bank Advisor

13.	Bank Branch Manager

14.	Bank Cashier

15.	Bank Consultant

16.	Bank Manager

17.	Bank Officer

18.	Bank Operations Officer

19.	Bank President

20.	Banking Center Manager (BCM)

21.	Banking Manager

22.	Banking Supervisor

23.	Branch Banker

24.	Branch Manager

25.	Budget Manager

26.	Cash Manager

27.	Chief Executive Officer (CEO)

28.	Collections Manager

29.	Collections Vice President

30.	Commercial Banker

31.	Consumer Lending Vice President

32.	Consumer Loan Manager

33.	Cost Accounting Manager

34.	Credit and Collection Manager

35.	Credit Department Manager

36.	Credit Manager

37.	Credit Office Manager

38.	Credit Union Manager

39.	Director of Finance

40.	District Manager

41.	Electronic Services Vice President

42.	Exchange Floor Manager

43.	Factor

44.	Field Supervisor

45.	Finance Director

46.	Finance Officer

47.	Financial Administrator

48.	Financial Engineer

49.	Financial Institution Assistant Branch Manager

50.	Financial Institution Branch Manager

51.	Financial Institution Manager

52.	Financial Supervisor

53.	Fiscal Manager

54.	Fiscal Specialist

55.	Foreign Exchange Dealer

56.	International Bank Manager

57.	International Banker

58.	Investment Manager

59.	Investment Officer

60.	Lending Manager

61.	Loan Administrator

62.	Loan and Credit Manager

63.	Loan Manager

64.	Loan Servicing Vice President

65.	Loan Systems Director

66.	Operations Manager

67.	Operations Officer

68.	Paymaster

69.	Reimbursement Director

70.	Relationship Manager

71.	Residential Mortgage Manager

72.	Risk and Insurance Manager

73.	Risk Management Director

74.	Service Center Manager

75.	Trust Officer

Job Tasks

	Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.

	Examine, evaluate, or process loan applications.

	Network within communities to find and attract new business.

	Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.

	Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.

	Prepare financial or regulatory reports required by laws, regulations, or boards of directors.

	Oversee the flow of cash or financial instruments.

	Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.

	Review collection reports to determine the status of collections and the amounts of outstanding balances.

	Prepare operational or risk reports for management analysis.

	Evaluate financial reporting systems, accounting or collection procedures, or investment activities and make recommendations for changes to procedures, operating systems, budgets, or other financial control functions.

	Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses.

	Recruit staff members and oversee training programs.

	Submit delinquent accounts to attorneys or outside agencies for collection.

	Communicate with stockholders or other investors to provide information or to raise capital.

	Evaluate data pertaining to costs to plan budgets.

	Analyze and classify risks and investments to determine their potential impacts on companies.

	Review reports of securities transactions or price lists to analyze market conditions.

	Develop or analyze information to assess the current or future financial status of firms.

	Direct insurance negotiations, select insurance brokers or carriers, and place insurance.

Work Activities

Importance	Work Activity

Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.

Selling or Influencing Others — Convincing others to buy merchandise/goods or to otherwise change their minds or actions.

Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.

Performing for or Working Directly with the Public — Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.

Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.


		approve or deny loans

		approve or deny credit applications

Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.

Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.

Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.

Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.


		conduct or attend staff meetings

Developing and Building Teams — Encouraging and building mutual trust, respect, and cooperation among team members.

Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.

Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.


		review loan applications

		compile data for financial reports

Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.


		use government regulations

		use negotiation techniques

Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people.

Provide Consultation and Advice to Others — Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.

Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used.

Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.


		analyze financial data

		analyze operational or management reports or records

		conduct financial investigations

		identify financial risks to company

		analyze market conditions

Guiding, Directing, and Motivating Subordinates — Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.


		assign work to staff or employees

Training and Teaching Others — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.

Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.

Thinking Creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.

Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others.

Coordinating the Work and Activities of Others — Getting members of a group to work together to accomplish tasks.


		oversee execution of organizational or program policies

		direct and coordinate financial activities

Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.


		develop policies, procedures, methods, or standards

Resolving Conflicts and Negotiating with Others — Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.

Assisting and Caring for Others — Providing personal assistance, medical attention, emotional support, or other personal care to others such as coworkers, customers, or patients.

Performing Administrative Activities — Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.


		prepare required government reports

		prepare reports for management

Staffing Organizational Units — Recruiting, interviewing, selecting, hiring, and promoting employees in an organization.

Monitoring and Controlling Resources — Monitoring and controlling resources and overseeing the spending of money.


		develop budgets

		develop management control systems

		monitor credit extension decisions

Estimating the Quantifiable Characteristics of Products, Events, or Information — Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.

Nature of the Work


	(Abstract from Career Articles)

	Financial Managers
	Almost every firm, government agency, and other type of organization employs one or more financial managers. Financial managers oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop strategies and implement the long-term goals of their organization.

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Working Conditions


	(Abstract from Career Articles)

	Financial Managers
	Working in comfortable offices, often close to top managers and with departments that develop the financial data those managers need, financial managers typically have direct access to state-of-the-art computer systems and information services. They commonly work long hours, often up to 50 or 60 per week. Financial managers generally are required to attend meetings of financial and economic associations and may travel to visit subsidiary firms or to meet customers.

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Interesting Fact

People with higher education levels are more likely to become entrepreneurs.

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