Occupation Profile for Financial Managers, Branch or Department

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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.

Signficant Points

  • Jobseekers are likely to face competition.
  • About 3 out of 10 work in finance and insurance industries.
  • A bachelor’s degree in finance, accounting, or a related field is the minimum academic preparation, but employers increasingly seek graduates with a master’s degree in business administration, economics, finance, or risk management.
  • Experience may be more important than formal education for some financial manager positions—most notably, branch managers in banks.
 

Tasks

  • Core — Establish and maintain relationships with individual and business customers, and provide assistance with problems these customers may encounter.
  • Core — Examine, evaluate, and process loan applications.
  • Core — 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.
  • Core — Recruit staff members and oversee training programs.
  • Core — Oversee the flow of cash and financial instruments.

Activities

  • Selling or Influencing Others — Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
  • 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.
  • Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.
  • Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
  • Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.