Financial Managers, Branch or Department

Career 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.

Industry: Management

Other Job Titles for Financial Managers, Branch or Department:

• 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.
• 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.
• 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.
• Social: Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
• 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.
• First Interest High-Point: Primary-Rank Descriptiveness
• Second Interest High-Point: Secondary-Cutoff/Rank Descriptiveness
• Third Interest High-Point: Tertiary-Cutoff/Rank Descriptiveness

• Establish and maintain relationships with individual and business customers, and provide assistance with problems these customers may encounter.
• Examine, evaluate, and process loan applications.
• 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.
• Oversee the flow of cash and financial instruments.
• Recruit staff members and oversee training programs.
• Network within communities to find and attract new business.
• Approve, reject, or coordinate the approval or rejection of lines of credit and commercial, real estate, and personal loans.
• Prepare financial and regulatory reports required by laws, regulations, and boards of directors.
• Establish procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping.
• Review collection reports to determine the status of collections and the amounts of outstanding balances.
• Prepare operational and risk reports for management analysis.
• 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.
• Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses.
• Submit delinquent accounts to attorneys or outside agencies for collection.
• Communicate with stockholders and other investors to provide information and 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 and price lists to analyze market conditions.
• Develop and analyze information to assess the current and future financial status of firms.
• Direct insurance negotiations, select insurance brokers and carriers, and place insurance.
• Buy or sell futures contracts, or price products in advance of future sales so that risk is limited and/or profit is increased.
• Select animals for market, and provide transportation of livestock to market.
• Demonstrate and explain farm work techniques and safety regulations to workers.
• Negotiate and arrange with buyers for the sale, storage, and shipment of crops.
• Clean and disinfect buildings and yards, and remove manure.
• Purchase and store livestock feed.
• Remove lower quality or older animals from herds and purchase other livestock to replace culled animals.
• Transport grain to silos for storage, and burn or bale any straw that is left behind.
• Clean, grade, and package crops for marketing.
• Hire, train, and direct workers engaged in planting, cultivating, irrigating, harvesting, and marketing crops, and in raising livestock.
• Harvest crops, and collect specialty products such as royal jelly, wax, pollen, and honey from bee colonies.
• Install and shift irrigation systems to irrigate fields evenly or according to crop need.
• Herd cattle, using horses or all-terrain vehicles.
• Destroy diseased or superfluous crops.

Emerging Tasks

• Advise students on issues such as course selection, progress toward graduation, and career decisions.
• Direct, coordinate, and evaluate the activities of personnel, including support staff, engaged in administering academic institutions, departments and/or alumni organizations.
• Formulate strategic plans for the institution.
• Oversee facilities management for the university, including construction, repair, and maintenance projects.
• Promote the university by participating in community, state, and national events/meetings, and by developing partnerships with industry and secondary education institutions.
• Write grants to procure external funding, and supervise grant-funded projects.

• Analyzing Data or Information: Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
• Assisting and Caring for Others: Providing personal assistance, medical attention, emotional support, or other personal care to others such as coworkers, customers, or patients.
• Coaching and Developing Others: Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
• 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.
• Communicating with Supervisors, Peers, or Subordinates: Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
• Controlling Machines and Processes: Using either control mechanisms or direct physical activity to operate machines or processes (not including computers or vehicles).
• Coordinating the Work and Activities of Others: Getting members of a group to work together to accomplish tasks.
• Developing and Building Teams: Encouraging and building mutual trust, respect, and cooperation among team members.
• Developing Objectives and Strategies: Establishing long-range objectives and specifying the strategies and actions to achieve them.
• Documenting/Recording Information: Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
• Drafting, Laying Out, and Specifying Technical Devices, Parts, and Equipment: Providing documentation, detailed instructions, drawings, or specifications to tell others about how devices, parts, equipment, or structures are to be fabricated, constructed, assembled, modified, maintained, or used.
• Establishing and Maintaining Interpersonal Relationships: Developing constructive and cooperative working relationships with others, and maintaining them over time.
• 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.
• 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.
• Getting Information: Observing, receiving, and otherwise obtaining information from all relevant sources.
• Guiding, Directing, and Motivating Subordinates: Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
• Handling and Moving Objects: Using hands and arms in handling, installing, positioning, and moving materials, and manipulating things.
• Identifying Objects, Actions, and Events: Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
• Inspecting Equipment, Structures, or Material: Inspecting equipment, structures, or materials to identify the cause of errors or other problems or defects.
• Interacting With Computers: Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
• Interpreting the Meaning of Information for Others: Translating or explaining what information means and how it can be used.
• Judging the Qualities of Things, Services, or People: Assessing the value, importance, or quality of things or people.
• Making Decisions and Solving Problems: Analyzing information and evaluating results to choose the best solution and solve problems.
• Monitor Processes, Materials, or Surroundings: Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
• Monitoring and Controlling Resources: Monitoring and controlling resources and overseeing the spending of money.
• Operating Vehicles, Mechanized Devices, or Equipment: Running, maneuvering, navigating, or driving vehicles or mechanized equipment, such as forklifts, passenger vehicles, aircraft, or water craft.
• Organizing, Planning, and Prioritizing Work: Developing specific goals and plans to prioritize, organize, and accomplish your work.
• Performing Administrative Activities: Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
• 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.
• Performing General Physical Activities: Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling of materials.
• Processing Information: Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
• Provide Consultation and Advice to Others: Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
• Repairing and Maintaining Electronic Equipment: Servicing, repairing, calibrating, regulating, fine-tuning, or testing machines, devices, and equipment that operate primarily on the basis of electrical or electronic (not mechanical) principles.
• Repairing and Maintaining Mechanical Equipment: Servicing, repairing, adjusting, and testing machines, devices, moving parts, and equipment that operate primarily on the basis of mechanical (not electronic) principles.
• Resolving Conflicts and Negotiating with Others: Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
• Scheduling Work and Activities: Scheduling events, programs, and activities, as well as the work of others.
• Selling or Influencing Others: Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
• Staffing Organizational Units: Recruiting, interviewing, selecting, hiring, and promoting employees in an organization.
• Thinking Creatively: Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
• Training and Teaching Others: Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
• Updating and Using Relevant Knowledge: Keeping up-to-date technically and applying new knowledge to your job.

Detailed Work Activities

• analyze financial data
• analyze market conditions
• analyze operational or management reports or records
• approve or deny credit applications
• approve or deny loans
• assign work to staff or employees
• compile data for financial reports
• conduct financial investigations
• conduct or attend staff meetings
• develop budgets
• develop management control systems
• develop policies, procedures, methods, or standards
• direct and coordinate financial activities
• identify financial risks to company
• monitor credit extension decisions
• oversee execution of organizational or program policies
• prepare reports for management
• prepare required government reports
• review loan applications
• use government regulations
• use negotiation techniques
• explain work orders, specifications, or work techniques to workers
• follow contract, property, or insurance laws
• follow horticulture irrigation techniques
• grade, classify, or sort products according to specifications
• hire, discharge, transfer, or promote workers
• identify crop characteristics
• identify fruit or vegetable or crops ready for harvest
• identify livestock characteristics
• inspect crops or fields
• inspect crops to determine quality
• inspect facilities or equipment for regulatory compliance
• inspect facilities to determine repair or replacement needs
• inspect growing environment
• judge soil conditions
• maintain or repair farm vehicles, machinery, or mechanical implements
• maintain production or work records
• maintain records, reports, or files
• make decisions
• modify work procedures or processes to meet deadlines
• monitor animal care
• monitor forage plant growth
• monitor number or type of fish reared or harvested
• monitor worker performance
• motivate workers to achieve work goals
• negotiate business contracts
• observe fish or beds or ponds
• observe plants, flowers, shrubs or trees to ascertain condition
• operate agricultural equipment or machinery
• operate tractor with accessories or attachments
• order or purchase supplies, materials, or equipment
• orient new employees
• oversee execution of organizational or program policies
• oversee work progress to verify safety or conformance to standards
• package goods for shipment or storage
• perform safety inspections in agricultural, forestry, or fishing setting
• plan development or production of hybrid plant varieties
• plan harvesting
• plan logging operations
• plan or organize work
• plant, cultivate, or harvest crops, including aquaculture
• prepare or maintain employee records
• prepare reports
• preserve, cure, or cold store meat, poultry or fish
• recognize disease or parasites in animals
• recognize plant diseases
• recognize tree or forest plant species
• resolve agricultural production problems
• resolve logging operation problems
• resolve or assist workers to resolve work problems
• schedule activities, classes, or events
• schedule employee work hours
• slaughter animals, fish, or poultry
• study production records
• transport passengers or cargo
• understand second language
• use animal disease control techniques
• use computers to enter, access or retrieve data
• use fish culturing techniques
• use hand or power tools
• use herbicides, fertilizers, pesticides or related products
• use oral or written communication techniques
• use plant disease control techniques

Overall Experience
A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

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

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

Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, human resource managers, computer programmers, teachers, chemists, and police detectives.

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• Projected growth (2006-2016): 12.64%
• Projected need (2006-2016): 64,015
• Employment (2006): 506,347

• Accountants
• Administrative Services Managers
• Auditors
• Purchasing Managers
• Treasurers and Controllers
• First-Line Supervisors/Managers of Agricultural Crop and Horticultural Workers
• First-Line Supervisors/Managers of Animal Husbandry and Animal Care Workers
• First-Line Supervisors/Managers of Aquacultural Workers
• Fishers and Related Fishing Workers
• Treasurers and Controllers