Financial Managers, Branch or Department
SOC: 11-3031.02

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.


National Salary Information:

Hourly Statistics:

Annual Statistics:

Source: Bureau of Labor Statistics 2015 wage data.


Alternate Titles:

  • Account Manager
  • Accountant Supervisor
  • Accounts Manager
  • Accounts Supervisor
  • Actuarial Manager
  • Asset Manager
  • Assistant Manager
  • Assistant Vice President (AVP)
  • ATM Manager (Automatic Teller Machine Manager)
  • Auditing Manager
  • Auditor Supervisor
  • Bank Advisor
  • Bank Cashier
  • Bank Consultant
  • Bank Manager
  • Bank Officer
  • Bank Operations Officer
  • Bank President
  • Banking Center Manager (BCM)
  • Banking Manager
  • Banking Officer
  • Banking Supervisor
  • Branch Banker
  • Branch Manager
  • Budget Manager
  • Cash Manager
  • Collections Manager
  • Commercial Banker
  • Cost Accounting Manager
  • Credit Administration Manager
  • Credit and Collection Manager
  • Credit Department Manager
  • Credit Office Manager
  • Credit Union Manager
  • Director of Finance
  • District Manager
  • Exchange Floor Manager
  • Factor
  • Field Supervisor
  • Finance Director
  • Finance Manager
  • Finance Officer
  • Financial Administrator
  • Financial Center Manager
  • Financial Engineer
  • Financial Institution Assistant Branch Manager
  • Financial Institution Branch Manager
  • Financial Institution Manager
  • Financial Supervisor
  • Fiscal Manager
  • Fiscal Specialist
  • Foreign Exchange Dealer
  • International Bank Manager
  • International Banker
  • Investment Manager
  • Investment Officer
  • Loan Administrator
  • Loan and Credit Manager
  • Loan Manager
  • Operations Officer
  • Paymaster
  • Regional Manager
  • Reimbursement Director
  • Relationship Manager
  • Risk and Insurance Manager
  • Risk Management Director
  • Service Center Manager
  • Trust Officer
  • Vice President


  • Job Zone Four: Considerable Preparation Needed

    Experience:

    A considerable amount 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.

    Education:

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

    Job Training:

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


    Required Skills:

  • Reading Comprehension
  • Active Listening
  • Writing
  • Speaking
  • Mathematics
  • Science
  • Critical Thinking
  • Active Learning
  • Learning Strategies
  • Monitoring
  • Social Perceptiveness
  • Coordination
  • Persuasion
  • Negotiation
  • Instructing
  • Service Orientation
  • Complex Problem Solving
  • Operations Analysis
  • Technology Design
  • Programming
  • Operation Monitoring
  • Quality Control Analysis
  • Judgment and Decision Making
  • Systems Analysis
  • Systems Evaluation
  • Time Management
  • Management of Financial Resources
  • Management of Material Resources
  • Management of Personnel Resources

  • Knowledge Used:

  • Administration and Management
  • Clerical
  • Economics and Accounting
  • Sales and Marketing
  • Customer and Personal Service
  • Personnel and Human Resources
  • Production and Processing
  • Computers and Electronics
  • Mathematics
  • Psychology
  • Sociology and Anthropology
  • Education and Training
  • English Language
  • Public Safety and Security
  • Law and Government
  • Telecommunications
  • Communications and Media
  • Transportation


  • Tasks:

  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • Examine, evaluate, or process loan applications.
  • 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.
  • Oversee the flow of cash or financial instruments.
  • Network within communities to find and attract new business.
  • Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
  • Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
  • Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
  • Review collection reports to determine the status of collections and the amounts of outstanding balances.
  • Prepare operational or risk reports for management analysis.
  • 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.
  • 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 or other investors to provide information or 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 or price lists to analyze market conditions.
  • Develop or analyze information to assess the current or future financial status of firms.
  • Direct insurance negotiations, select insurance brokers or carriers, and place insurance.
  • Recruit staff members.
  • Oversee training programs.

  • Tools & Technology:

  • 10-key calculators
  • Desktop computers
  • Notebook computers
  • Personal computers
  • Personal digital assistants PDA
  • Scanners
  • Tablet computers
  • Accounts receivable software
  • ARES Corporation PRISM Project Estimator
  • Blackbaud The Raiser's Edge
  • Credit management software
  • Data entry software
  • Delphi software
  • Fund accounting software
  • Healthcare common procedure coding system HCPCS software
  • Human resource information system HRIS software
  • IBM Cognos Impromptu
  • IBM Notes
  • Internet browser software
  • Intuit QuickBooks
  • Microsoft Access
  • Microsoft Dynamics GP
  • Microsoft Dynamics software
  • Microsoft Excel
  • Microsoft Office software
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft Visual Basic
  • Microsoft Word
  • MicroStrategy software
  • Moody's KMV FAMAS
  • Oracle Business Intelligence Enterprise Edition
  • Oracle E-Business Suite Financials
  • Oracle Hyperion software
  • Oracle JD Edwards EnterpriseOne
  • Oracle PeopleSoft Financials
  • Oracle PeopleSoft software
  • Oracle software
  • Qlik Tech QlikView
  • Sage 50 Accounting
  • SAP Business Objects software
  • SAP Crystal Reports
  • SAP software
  • SAS software
  • Structured query language SQL
  • Tableau software
  • Tax software
  • Word processing software


  • management


    industry stats

    SOC: 11-0000

    Total Employed: 6,936,990

    Average Annual Salary: $115,020