Financial Managers, Branch or Department

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.

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.

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

2. Examine, evaluate, and process loan applications.

3. 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.

4. Oversee the flow of cash and financial instruments.

5. Recruit staff members and oversee training programs.

6. Network within communities to find and attract new business.

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

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

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

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

11. Prepare operational and risk reports for management analysis.

Time Management - Managing one's own time and the time of others.

Instructing - Teaching others how to do something.

Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

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.

Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Service Orientation - Actively looking for ways to help people.

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.

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.

English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

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.

Job Zone Four: Considerable Preparation Needed

Education: Most of these occupations require a four - year bachelor's degree, but some do not.

Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

The college search results are undergraduate programs associated with Financial Managers, Branch or Department. Further education may also be required to pursue this career.

The training search results include both short and long-term programs associated with Financial Managers, Branch or Department, and may be more appropriate for adult and non-traditional students. Further training may also be required to pursue this career.

In NY the average wage for this occupation was:

$76,970 for entry level workers, and >$166,400 for experienced workers.

Based on the total number of annual openings and its growth rate, the employment prospects for this occupation are described as Very Favorable.

During 2006, there were approximately 52,410 Financial Managers, Branch or Department employed in NY.

We estimate that in 2016 there will be 57,400  employed in NY. This represents an increase of 500 job(s) each year, and a total of 760 job openings each year.

Financial managers - Visit this link for additional information on this career from the Occupational Outlook Handbook; a publication produced and maintained by the United States Department of Labor.

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.

Treasurers and Controllers - Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Purchasing Managers - Plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services.

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.

Auditors - Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.