Your #1 choice for free
Job Descriptions
Job Details
Occupation Information
Listed in: 

Financial Managers, Branch or Department
SOC Code: 11-3031.02

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 of reported job titles: Assistant Manager, Assistant Vice President (AVP), Banking Center Manager (BCM), Banking Officer, Branch Manager, Credit Administration Manager, Financial Center Manager, Regional Manager, Service Center Manager, Vice President

Tasks

  • 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.
  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • Recruit staff members.
  • Prepare operational or risk reports for management analysis.
  • Evaluate data pertaining to costs to plan budgets.
  • Oversee training programs.
  • Examine, evaluate, or process loan applications.
  • Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
  • Oversee the flow of cash or financial instruments.
  • Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
  • Develop or analyze information to assess the current or future financial status of firms.
  • Communicate with stockholders or other investors to provide information or to raise capital.
  • 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.
  • Analyze and classify risks and investments to determine their potential impacts on companies.
  • Network within communities to find and attract new business.
  • Review collection reports to determine the status of collections and the amounts of outstanding balances.
  • Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
  • Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses.
  • Review reports of securities transactions or price lists to analyze market conditions.
  • Direct insurance negotiations, select insurance brokers or carriers, and place insurance.
  • Submit delinquent accounts to attorneys or outside agencies for collection.

Technology Skills

  • Accounting software - Fund accounting software ; Intuit QuickBooks ; Sage 50 Accounting; Tax software (see all 5 examples)
  • Analytical or scientific software - IBM SPSS Statistics ; SAS
  • Business intelligence and data analysis software - IBM Cognos Impromptu ; MicroStrategy ; Qlik Tech QlikView ; Tableau (see all 5 examples)
  • Customer relationship management CRM software - Blackbaud The Raiser's Edge ; Salesforce software
  • Data base reporting software - SAP Crystal Reports
  • Data base user interface and query software - Data entry software ; FileMaker Pro; Microsoft Access ; Structured query language SQL (see all 5 examples)
  • Development environment software - Microsoft Visual Basic
  • Electronic mail software - IBM Notes ; Microsoft Outlook
  • Enterprise resource planning ERP software - Microsoft Dynamics ; NetSuite ERP ; Oracle PeopleSoft ; SAP Business Objects (see all 10 examples)
  • Enterprise system management software - IBM Power Systems software
  • Financial analysis software - ARES Corporation PRISM Project Estimator; Credit management software; Delphi Technology ; Oracle E-Business Suite Financials
  • Graphics or photo imaging software - Microsoft Visio
  • Human resources software - ADP Workforce Now ; Human resource information system HRIS; Human resource management software HRMS
  • Information retrieval or search software - LexisNexis
  • Internet browser software
  • Medical software - Healthcare common procedure coding system HCPCS
  • Object or component oriented development software - R
  • Office suite software - Microsoft Office
  • Presentation software - Microsoft PowerPoint
  • Project management software - Microsoft Project ; Microsoft SharePoint ; Oracle Primavera Enterprise Project Portfolio Management
  • Sales and marketing software - Marketo Marketing Automation
  • Spreadsheet software - Microsoft Excel ; Moody's KMV FAMAS
  • Word processing software - Microsoft Word

Tools Used

  • Desktop calculator - 10-key calculators
  • Desktop computers
  • Notebook computers
  • Personal computers
  • Personal digital assistant PDAs or organizers - Personal digital assistants PDA
  • Scanners
  • Tablet computers

Knowledge

  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • 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.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • 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.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • 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.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

Skills

  • 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.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Speaking - Talking to others to convey information effectively.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Coordination - Adjusting actions in relation to others' actions.
  • Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
  • Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
  • Persuasion - Persuading others to change their minds or behavior.
  • Service Orientation - Actively looking for ways to help people.
  • Time Management - Managing one's own time and the time of others.
  • Learning Strategies - Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
  • Mathematics - Using mathematics to solve problems.
  • Instructing - Teaching others how to do something.
  • Negotiation - Bringing others together and trying to reconcile differences.
  • Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  • Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.
  • 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.

Abilities

  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • 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.
  • Speech Clarity - The ability to speak clearly so others can understand you.
  • Speech Recognition - The ability to identify and understand the speech of another person.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
  • Near Vision - The ability to see details at close range (within a few feet of the observer).
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
  • 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).
  • Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
  • 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).
  • Category Flexibility - The ability to generate or use different sets of rules for combining or grouping things in different ways.
  • Number Facility - The ability to add, subtract, multiply, or divide quickly and correctly.
  • Memorization - The ability to remember information such as words, numbers, pictures, and procedures.
  • 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.
  • 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).

Interests

  • Interest code: EC
    • 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.
    • 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.

Work Context

  • Electronic Mail - 100% responded “Every day.”
  • Face-to-Face Discussions - 99% responded “Every day.”
  • Telephone - 100% responded “Every day.”
  • Contact With Others - 72% responded “Constant contact with others.”
  • Indoors, Environmentally Controlled - 93% responded “Every day.”
  • Importance of Being Exact or Accurate - 75% responded “Extremely important.”
  • Frequency of Decision Making - 65% responded “Every day.”
  • Duration of Typical Work Week - 78% responded “More than 40 hours.”
  • Responsibility for Outcomes and Results - 55% responded “High responsibility.”
  • Coordinate or Lead Others - 51% responded “Extremely important.”
  • Work With Work Group or Team - 55% responded “Extremely important.”
  • Deal With External Customers - 52% responded “Extremely important.”
  • Structured versus Unstructured Work - 44% responded “Some freedom.”
  • Freedom to Make Decisions - 46% responded “Some freedom.”
  • Spend Time Sitting - 49% responded “Continually or almost continually.”
  • Impact of Decisions on Co-workers or Company Results - 45% responded “Important results.”
  • Time Pressure - 53% responded “Once a week or more but not every day.”
  • Frequency of Conflict Situations - 56% responded “Once a week or more but not every day.”
  • Level of Competition - 44% responded “Moderately competitive.”
  • Importance of Repeating Same Tasks - 39% responded “Extremely important.”
  • Deal With Unpleasant or Angry People - 41% responded “Once a month or more but not every week.”
  • Letters and Memos - 33% responded “Every day.”
  • Responsible for Others' Health and Safety - 48% responded “High responsibility.”
  • Physical Proximity - 41% responded “Moderately close (at arm's length).”
  • Consequence of Error - 32% responded “Very serious.”

Education

Percentage of RespondentsEducation Level Required
50%Bachelor's degree
17%High school diploma or equivalent
14%Master's degree

Work Styles

  • Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
  • Integrity - Job requires being honest and ethical.
  • Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
  • Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
  • Persistence - Job requires persistence in the face of obstacles.
  • Leadership - Job requires a willingness to lead, take charge, and offer opinions and direction.
  • Adaptability/Flexibility - Job requires being open to change (positive or negative) and to considerable variety in the workplace.
  • Initiative - Job requires a willingness to take on responsibilities and challenges.
  • Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
  • Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
  • Self Control - Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
  • Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
  • Concern for Others - Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.
  • 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.
  • Social Orientation - Job requires preferring to work with others rather than alone, and being personally connected with others on the job.
  • Innovation - Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems.

Work Values

  • Independence - Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
  • 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.
  • 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.

Wages & Trends

  • Median wages (2017)
    • $60.14 hourly, $125,080 annual
  • Employment (2016)
    • 580,000 employees
  • Projected growth (2016-2026)
    • Much faster than average (15% or higher)
  • Projected job openings (2016-2026)
    • 56,900

Similar Job Descriptions: