National Application Center :: career details :: Financial Managers, Branch or Department
Career Details :: 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.
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.
Most of these occupations require a four-year bachelor's degree, but some do not.
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
- Directs and coordinates activities of workers engaged in conducting credit investigations and collecting delinquent accounts of customers.
- Plans, directs, and coordinates risk and insurance programs of establishment to control risks and losses.
- Manages branch or office of financial institution.
- Directs and coordinates activities to implement institution policies, procedures, and practices concerning granting or extending lines of credit and loans.
- Prepares financial and regulatory reports required by law, regulations, and board of directors.
- Analyzes and classifies risks as to frequency and financial impact of risk on company.
- Selects appropriate technique to minimize loss, such as avoidance and loss prevention and reduction.
- Prepares operational and risk reports for management analysis.
- Directs floor operations of brokerage firm engaged in buying and selling securities at exchange.
- Establishes procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping.
- Evaluates effectiveness of current collection policies and procedures.
- Directs insurance negotiations, selects insurance brokers and carriers, and places insurance.
- Evaluates data pertaining to costs to plan budget.
- Reviews collection reports to ascertain status of collections and balances outstanding.
- Monitors order flow and transactions that brokerage firm executes on floor of exchange.
- Reviews reports of securities transactions and price lists to analyze market conditions.
- Establishes credit limitations on customer account.
- Examines, evaluates, and processes loan applications.
- Submits delinquent accounts to attorney or outside agency for collection.
- Administrative Services Managers
- Purchasing Managers
- Treasurers, Controllers, and Chief Financial Officers
General Work Activities
- Getting Information Needed to Do the Job
- Identifying Objects, Actions, and Events
- Analyzing Data or Information
- Communicating With Other Workers
- Processing Information
- Critical Thinking
- Judgment and Decision Making
- Management of Financial Resources
- Problem Identification
- Information Gathering
Frequent Work Context
- Job-Required Social Interaction
- Responsibility for Outcomes and Results
- Consequence of Error
- Coordinate or Lead Others
- Objective or Subjective Information