Financial Managers, Branch or Department
Also called: Banking Center Manager (BCM), Branch Manager, Credit Administration Manager, Vice President
Produced by CareerOneStop
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How do businesses steer clear of major risks, and stay on the up side of profit? You’d have to ask a financial manager! They keep a constant eye on operational costs, and evaluate the financial strengths and weaknesses of a company’s interests. Most financial managers work at a high level, advising top executives in an organization on broad decisions for its future. Being well-versed in legal requirements and current market trends gives them insight into how their organization can expand and acquire new assets, and where they could cut costs. Minimizing loss and damages is a major focus in this role, so they must understand what factors pose a risk to their organization’s success, and track them carefully. These managers review a lot of data and many reports, and use that information to propose new strategies to leaders. At the same time, like other managers, they hire and supervise employees. Financial managers usually have a bachelor’s degree in finance, business administration, or economics. Increasingly, employers choose candidates with a master’s degree or higher. Overseeing the finances of an organization is a challenging job, but financial managers make it all add up.
What they do: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.
On the job, you would:
- 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.
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Recruit staff members.
- accounting and economics
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
Arts and Humanities
- English language
Safety and Government
- law and government
- keeping track of how well people and/or groups are doing in order to make improvements
- listening to others, not interrupting, and asking good questions
- noticing a problem and figuring out the best way to solve it
- changing what is done based on other people's actions
- understanding people's reactions
- communicate by speaking
- listen and understand what people say
Ideas and Logic
- notice when problems happen
- use rules to solve problems
- choose the right type of math to solve a problem
- add, subtract, multiply, or divide
- remember words, numbers, pictures, or steps
People interested in this work like activities that include leading, making decisions, and business.
They do well at jobs that need:
- Attention to Detail
You might use software like this on the job:
Business intelligence and data analysis software
- Education Administrators, Postsecondary
- First-Line Supervisors of Office & Administrative Support Workers
- Sales Agents, Financial Services
- Sales Agents, Securities & Commodities
- Treasurers & Controllers
You might like a career in one of these industries: