Financial Managers plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

 

  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • 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.
  • 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.
Work Context
  • Telephone
  • Electronic Mail
  • Face-to-Face Discussions
  • Indoors, Environmentally Controlled
  • Contact With Others
  • Importance of Being Exact or Accurate
  • Frequency of Decision Making
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Work Activities
  • Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Guiding, Directing, and Motivating Subordinates — Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
  • Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
  • Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
  • Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
  • Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.
  • 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.
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Detailed Work Activities
  • Establish interpersonal business relationships to facilitate work activities.
  • Supervise employees.
  • Direct financial operations.
  • Recruit personnel.
  • Prepare operational progress or status reports.
  • Analyze financial records to improve budgeting or planning.
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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.
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Skills

Reading Comprehension
  • Understanding written sentences and paragraphs in work related documents.
Monitoring
  • Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Critical Thinking
  • Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Speaking
  • Talking to others to convey information effectively.
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Abilities

Oral Expression
  • The ability to communicate information and ideas in speaking so others will understand.
Oral Expression
  • The ability to communicate information and ideas in speaking so others will understand.
Speech Clarity
  • The ability to speak clearly so others can understand you.
Oral Comprehension
  • The ability to listen to and understand information and ideas presented through spoken words and sentences.
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Personality

People interested in this work like activities that include ideas, thinking, and figuring things out.
They do well at jobs that need:
  • Achievement/Effort
  • Persistence
  • Initiative
  • Leadership
  • Cooperation
  • Concern for Others
  • Social Orientation
  • Self Control
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Technology

You might use software like this on the job:

Data base user interface and query software
  • Yardi Hot Technology
  • Microsoft SQL Server Hot Technology
  • Structured query language SQL Hot Technology
  • Oracle software Hot Technology
  • Data entry software Hot Technology
  • Microsoft Access Hot Technology
  • FileMaker Pro
Enterprise resource planning ERP software
  • Oracle Hyperion Hot Technology
  • Oracle Fusion Applications Hot Technology
  • NetSuite ERP Hot Technology
  • Oracle JD Edwards EnterpriseOne Hot Technology
  • Oracle PeopleSoft Hot Technology
  • SAP Business Objects Hot Technology
  • SAP Hot Technology
  • Oracle PeopleSoft Financials Hot Technology
  • Microsoft Dynamics GP Hot Technology
  • Microsoft Dynamics Hot Technology
Business intelligence and data analysis software
  • Oracle Business Intelligence Enterprise Edition Hot Technology
  • MicroStrategy Hot Technology
  • Tableau Hot Technology
  • Qlik Tech QlikView Hot Technology
  • IBM Cognos Impromptu Hot Technology
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