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Financial Managers, Branch or Department
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CheckoutCareers.com
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Financial Managers, Branch or Department
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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.
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Degrees
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Abilities
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Oral Comprehension| | The ability to listen to and understand information and ideas presented through spoken words and sentences. |
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Oral Expression| | The ability to communicate information and ideas in speaking so others will understand. |
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Deductive Reasoning| | The ability to apply general rules to specific problems to produce answers that make sense. |
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Near Vision| | The ability to see details at close range (within a few feet of the observer). |
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Number Facility| | The ability to add, subtract, multiply, or divide quickly and correctly. |
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Written Expression| | The ability to communicate information and ideas in writing so others will understand. |
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Written Comprehension| | The ability to read and understand information and ideas presented in writing. |
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Speech Clarity| | The ability to speak clearly so others can understand you. |
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Speech Recognition| | The ability to identify and understand the speech of another person. |
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Inductive Reasoning| | The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). |
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Mathematical Reasoning| | The ability to choose the right mathematical methods or formulas to solve a problem. |
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Originality| | The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem. |
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Problem Sensitivity| | The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. |
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Fluency of Ideas| | The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity). |
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Information Ordering| | The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). |
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Category Flexibility| | The ability to generate or use different sets of rules for combining or grouping things in different ways. |
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Memorization| | The ability to remember information such as words, numbers, pictures, and procedures. |
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Time Sharing| | The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources). |
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Flexibility of Closure| | The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material. |
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Selective Attention| | The ability to concentrate on a task over a period of time without being distracted. |
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Speed of Closure| | The ability to quickly make sense of, combine, and organize information into meaningful patterns. |
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Far Vision| | The ability to see details at a distance. |
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Perceptual Speed| | The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object. |
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Finger Dexterity| | The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects. |
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Visualization| | The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged. |
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Visual Color Discrimination| | The ability to match or detect differences between colors, including shades of color and brightness. |
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Auditory Attention| | The ability to focus on a single source of sound in the presence of other distracting sounds. |
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Hearing Sensitivity| | The ability to detect or tell the differences between sounds that vary in pitch and loudness. |
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Stamina| | The ability to exert yourself physically over long periods of time without getting winded or out of breath. |
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Trunk Strength| | The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without 'giving out' or fatiguing. |
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Wrist-Finger Speed| | The ability to make fast, simple, repeated movements of the fingers, hands, and wrists. |
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Interests
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Enterprising| | Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business. |
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Second Interest High-Point| | Secondary-Cutoff/Rank Descriptiveness |
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First Interest High-Point| | Primary-Rank Descriptiveness |
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Conventional| | Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow. |
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Third Interest High-Point| | Tertiary-Cutoff/Rank Descriptiveness |
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Social| | Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others. |
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Investigative| | Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally. |
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Artistic| | Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules. |
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Realistic| | Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others. |
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Knowledge
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Customer and Personal Service| | Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction. |
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Mathematics| | Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. |
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Clerical| | Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology. |
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Education and Training| | Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects. |
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Administration and Management| | Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources. |
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Sales and Marketing| | Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems. |
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Computers and Electronics| | Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming. |
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Economics and Accounting| | Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. |
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Personnel and Human Resources| | Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems. |
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English Language| | Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. |
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Law and Government| | Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. |
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Production and Processing| | Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods. |
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Public Safety and Security| | Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions. |
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Communications and Media| | Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media. |
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Therapy and Counseling| | Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance. |
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Telecommunications| | Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems. |
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Transportation| | Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits. |
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Psychology| | Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders. |
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Design| | Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models. |
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Geography| | Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life. |
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Mechanical| | Knowledge of machines and tools, including their designs, uses, repair, and maintenance. |
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Engineering and Technology| | Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services. |
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History and Archeology| | Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures. |
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Philosophy and Theology| | Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture. |
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Physics| | Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub- atomic structures and processes. |
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Foreign Language| | Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation. |
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Fine Arts| | Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture. |
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Medicine and Dentistry| | Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures. |
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Wages
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| District of Columbia | $96,010.00 |
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| North Carolina | $75,320.00 |
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| South Carolina | $69,790.00 |
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| Virgin Islands | $57,560.00 |
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Related Careers
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Accountants| | Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization. |
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Administrative Services Managers| | Plan, direct, or coordinate supportive services of an organization, such as recordkeeping, mail distribution, telephone operator/receptionist, and other office support services. May oversee facilities planning and maintenance and custodial operations. |
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Auditors| | Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures. |
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Purchasing Managers| | Plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services. |
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Treasurers, Controllers, & Chief Financial Officers| | Direct financial activities, such as planning, procurement, and investments for all or part of an organization. |
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Skills
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Instructing| | Teaching others how to do something. |
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Time Management| | Managing one's own time and the time of others. |
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Monitoring| | Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action. |
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Management of Personnel Resources| | Motivating, developing, and directing people as they work, identifying the best people for the job. |
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Active Learning| | Understanding the implications of new information for both current and future problem-solving and decision-making. |
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Learning Strategies| | Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things. |
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Active Listening| | Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. |
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Judgment and Decision Making| | Considering the relative costs and benefits of potential actions to choose the most appropriate one. |
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Service Orientation| | Actively looking for ways to help people. |
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Critical Thinking| | Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. |
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Social Perceptiveness| | Being aware of others' reactions and understanding why they react as they do. |
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Speaking| | Talking to others to convey information effectively. |
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Persuasion| | Persuading others to change their minds or behavior. |
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Reading Comprehension| | Understanding written sentences and paragraphs in work related documents. |
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Writing| | Communicating effectively in writing as appropriate for the needs of the audience. |
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Negotiation| | Bringing others together and trying to reconcile differences. |
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Coordination| | Adjusting actions in relation to others' actions. |
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Mathematics| | Using mathematics to solve problems. |
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Management of Financial Resources| | Determining how money will be spent to get the work done, and accounting for these expenditures. |
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Systems Evaluation| | Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system. |
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Complex Problem Solving| | Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. |
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Troubleshooting| | Determining causes of operating errors and deciding what to do about it. |
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Operations Analysis| | Analyzing needs and product requirements to create a design. |
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Systems Analysis| | Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes. |
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Quality Control Analysis| | Conducting tests and inspections of products, services, or processes to evaluate quality or performance. |
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Operation and Control| | Controlling operations of equipment or systems. |
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Management of Material Resources| | Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work. |
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Equipment Maintenance| | Performing routine maintenance on equipment and determining when and what kind of maintenance is needed. |
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Equipment Selection| | Determining the kind of tools and equipment needed to do a job. |
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Installation| | Installing equipment, machines, wiring, or programs to meet specifications. |
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Repairing| | Repairing machines or systems using the needed tools. |
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Technology Design| | Generating or adapting equipment and technology to serve user needs. |
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Operation Monitoring| | Watching gauges, dials, or other indicators to make sure a machine is working properly. |
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Science| | Using scientific rules and methods to solve problems. |
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Programming| | Writing computer programs for various purposes. |
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Tasks
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| Establish and maintain relationships with individual and business customers, and provide assistance with problems these customers may encounter. |
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| Examine, evaluate, and process loan applications. |
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| Network within communities to find and attract new business. |
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| Approve or reject, or coordinate the approval and rejection of, lines of credit and commercial, real estate, and personal loans. |
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| Plan, direct, and coordinate the activities of workers in branches, offices, or departments of such establishments as branch banks, brokerage firms, risk and insurance departments, or credit departments. |
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| Prepare financial and regulatory reports required by laws, regulations, and boards of directors. |
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| Establish procedures for custody and control of assets, records, loan collateral, and securities, in order to ensure safekeeping. |
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| Oversee the flow of cash and financial instruments. |
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| Review collection reports to determine the status of collections and the amounts of outstanding balances. |
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| Prepare operational and risk reports for management analysis. |
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| Evaluate financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions. |
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| Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses. |
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| Recruit staff members, and oversee training programs. |
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| Submit delinquent accounts to attorneys or outside agencies for collection. |
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| Communicate with stockholders and other investors to provide information, and to raise capital. |
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| Evaluate data pertaining to costs in order to plan budgets. |
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| Analyze and classify risks and investments to determine their potential impacts on companies. |
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| Review reports of securities transactions and price lists in order to analyze market conditions. |
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| Develop and analyze information to assess the current and future financial status of firms. |
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| Direct insurance negotiations, select insurance brokers and carriers, and place insurance. |
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Tools
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| Adding machines |
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| 10-key calculators |
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| Desktop computers |
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| Notebook computers |
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| Personal computers |
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| Personal digital assistant PDAs or organizers |
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| Personal digital assistant PDAs |
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| Scanners |
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| Tablet computers |
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Technology
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| Accounting software |
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| Accounts receivable software |
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| Trust accounting software |
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| Data base user interface and query software |
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| Microsoft Access |
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| Oracle software |
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| Electronic mail software |
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| Microsoft Outlook |
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| Enterprise resource planning ERP software |
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| Enterprise resource planning ERP credit management software |
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| Oracle PeopleSoft |
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| Financial analysis software |
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| ARES Corporation PRISM Project Estimator |
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| Credit management software |
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| Human resources software |
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| Human resource information system HRIS software |
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| Internet browser software |
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| Office suite software |
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| Microsoft Office |
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| Presentation software |
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| Spreadsheet software |
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| Microsoft Excel |
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| Moody's KMV FAMAS |
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| Word processing software |
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Career Activities
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| Processing Information |
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| compile data for financial reports |
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| review loan applications |
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| Making Decisions and Solving Problems |
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| approve or deny credit applications |
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| approve or deny loans |
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| Updating and Using Relevant Knowledge |
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| use government regulations |
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| use negotiation techniques |
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| Guiding, Directing, and Motivating Subordinates |
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| assign work to staff or employees |
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| Communicating with Supervisors, Peers, or Subordinates |
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| conduct or attend staff meetings |
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| Analyzing Data or Information |
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| analyze financial data |
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| analyze market conditions |
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| analyze operational or management reports or records |
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| conduct financial investigations |
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| identify financial risks to company |
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| Developing Objectives and Strategies |
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| develop policies, procedures, methods, or standards |
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| Coordinating the Work and Activities of Others |
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| direct and coordinate financial activities |
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| oversee execution of organizational or program policies |
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| Performing Administrative Activities |
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| prepare reports for management |
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| prepare required government reports |
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| Monitoring and Controlling Resources |
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| develop budgets |
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| develop management control systems |
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| monitor credit extension decisions |
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Career Context
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| Telephone |
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| Electronic Mail |
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| Frequency of Decision Making |
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| Face-to-Face Discussions |
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| Deal With External Customers |
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| Contact With Others |
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| Indoors, Environmentally Controlled |
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| Responsibility for Outcomes and Results |
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| Work With Work Group or Team |
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| Letters and Memos |
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| Importance of Being Exact or Accurate |
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| Level of Competition |
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| Impact of Decisions on Co-workers or Company Results |
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| Structured versus Unstructured Work |
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| Freedom to Make Decisions |
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| Coordinate or Lead Others |
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| Spend Time Sitting |
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| Time Pressure |
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| Consequence of Error |
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| Importance of Repeating Same Tasks |
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| Sounds, Noise Levels Are Distracting or Uncomfortable |
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| Spend Time Using Your Hands to Handle, Control, or Feel Objects, Tools, or Controls |
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| Degree of Automation |
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| Physical Proximity |
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| Public Speaking |
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| Responsible for Others' Health and Safety |
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| Exposed to Disease or Infections |
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Career Styles
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Integrity| | Job requires being honest and ethical. |
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Attention to Detail| | Job requires being careful about detail and thorough in completing work tasks. |
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Dependability| | Job requires being reliable, responsible, and dependable, and fulfilling obligations. |
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Leadership| | Job requires a willingness to lead, take charge, and offer opinions and direction. |
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Self Control| | Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations. |
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Achievement/Effort| | Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks. |
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Cooperation| | Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. |
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Social Orientation| | Job requires preferring to work with others rather than alone, and being personally connected with others on the job. |
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Independence| | Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done. |
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Initiative| | Job requires a willingness to take on responsibilities and challenges. |
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Stress Tolerance| | Job requires accepting criticism and dealing calmly and effectively with high stress situations. |
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Innovation| | Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems. |
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Adaptability/Flexibility| | Job requires being open to change (positive or negative) and to considerable variety in the workplace. |
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Persistence| | Job requires persistence in the face of obstacles. |
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Concern for Others| | Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job. |
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Analytical Thinking| | Job requires analyzing information and using logic to address work-related issues and problems. |
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Career Needs
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Authority| | Workers on this job give directions and instructions to others. |
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Working Conditions| | Workers on this job have good working conditions. |
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Ability Utilization| | Workers on this job make use of their individual abilities. |
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Activity| | Workers on this job are busy all the time. |
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Company Policies and Practices| | Workers on this job are treated fairly by the company. |
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Autonomy| | Workers on this job plan their work with little supervision. |
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Responsibility| | Workers on this job make decisions on their own. |
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Achievement| | Workers on this job get a feeling of accomplishment. |
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Security| | Workers on this job have steady employment. |
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Compensation| | Workers on this job are paid well in comparison with other workers. |
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Recognition| | Workers on this job receive recognition for the work they do. |
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Co-workers| | Workers on this job have co-workers who are easy to get along with. |
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Supervision, Human Relations| | Workers on this job have supervisors who back up their workers with management. |
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Advancement| | Workers on this job have opportunities for advancement. |
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Moral Values| | Workers on this job are never pressured to do things that go against their sense of right and wrong. |
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Social Status| | Workers on this job are looked up to by others in their company and their community. |
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Variety| | Workers on this job have something different to do every day. |
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Creativity| | Workers on this job try out their own ideas. |
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Social Service| | Workers on this job have work where they do things for other people. |
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Supervision, Technical| | Workers on this job have supervisors who train their workers well. |
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Independence| | Workers on this job do their work alone. |
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Career Values
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Achievement| | Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement. |
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Recognition| | Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status. |
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Independence| | Occupations that satisfy this work value allow employs to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy. |
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Working Conditions| | Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions. |
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Support| | Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical. |
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Relationships| | Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service. |
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