View Alert

Statewide occupation search

Sort your search results or select and compare details of two occupations. Find out if an occupation is in demand or not in demand in your local area, at Learn about an occupation.

Print

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
  • Summary

  • Details

  • Work Activities

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

    Skills

    • Science
      • Using scientific rules and strategies to solve problems.
    • Persuasion
      • Talking people into changing their minds or their behavior.
    • Instructing
      • Teaching people how to do something.
    • Service Orientation
      • Looking for ways to help people.
    • Operations Analysis
      • Figuring out what a product or service needs to be able to do.
    • Systems Analysis
      • Figuring out how a system should work and how changes in the future will affect it.
    • Repairing
      • Repairing machines or systems using the right tools.
    • Operation and Control
      • Using equipment or systems.
    • Coordination
      • Changing what is done based on other people's actions.
    • Programming
      • Writing computer programs.
    • Troubleshooting
      • Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
    • Equipment Maintenance
      • Planning and doing the basic maintenance on equipment.
    • Management of Personnel Resources
      • Selecting and managing the best workers for a job.
    • Judgment and Decision Making
      • Thinking about the pros and cons of different options and picking the best one.
    • Operations Monitoring
      • Watching gauges, dials, or display screens to make sure a machine is working.
    • Active Learning
      • Figuring out how to use new ideas or things.
    • Writing
      • Writing things for co-workers or customers.
    • Complex Problem Solving
      • Noticing a problem and figuring out the best way to solve it.
    • Active Listening
      • Listening to others, not interrupting, and asking good questions.
    • Learning Strategies
      • Using the best training or teaching strategies for learning new things.
    • Quality Control Analysis
      • Testing how well a product or service works.
    • Monitoring
      • Keeping track of how well people and/or groups are doing in order to make improvements.
    • Speaking
      • Talking to others.
    • Social Perceptiveness
      • Understanding people's reactions.
    • Mathematics
      • Using math to solve problems.
    • Negotiation
      • Bringing people together to solve differences.
    • Technology Design
      • Making equipment and technology useful for customers.
    • Equipment Selection
      • Deciding what kind of tools and equipment are needed to do a job.
    • Reading Comprehension
      • Reading work-related information.
    • Installation
      • Installing equipment, machines, wiring, or computer programs.
    • Systems Evaluation
      • Measuring how well a system is working and how to improve it.
    • Time Management
      • Managing your time and the time of other people.
    • Management of Financial Resources
      • Making spending decisions and keeping track of what is spent.
    • Management of Material Resources
      • Managing equipment and materials.
    • Critical Thinking
      • Thinking about the pros and cons of different ways to solve a problem.

    Abilities

    • Multilimb Coordination
      • Using your arms and/or legs together while sitting, standing, or lying down.
    • Reaction Time
      • Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
    • Finger Dexterity
      • Putting together small parts with your fingers.
    • Depth Perception
      • Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
    • Spatial Orientation
      • Knowing where things are around you.
    • Oral Expression
      • Communicating by speaking.
    • Arm-Hand Steadiness
      • Keeping your arm or hand steady.
    • Auditory Attention
      • Paying attention to one sound while there are other distracting sounds.
    • Category Flexibility
      • Grouping things in different ways.
    • Sound Localization
      • Noticing the direction that a sound came from.
    • Speed of Limb Movement
      • Quickly moving your arms and legs.
    • Dynamic Strength
      • Exercising for a long time without your muscles getting tired.
    • Trunk Strength
      • Using your lower back and stomach.
    • Stamina
      • Exercising for a long time without getting out of breath.
    • Far Vision
      • Seeing details that are far away.
    • Night Vision
      • Seeing at night or under low light.
    • Peripheral Vision
      • Seeing something to your side when your are looking ahead.
    • Control Precision
      • Quickly changing the controls of a machine, car, truck or boat.
    • Static Strength
      • Lifting, pushing, pulling, or carrying.
    • Hearing Sensitivity
      • Telling the difference between sounds.
    • Deductive Reasoning
      • Using rules to solve problems.
    • Oral Comprehension
      • Listening and understanding what people say.
    • Fluency of Ideas
      • Coming up with lots of ideas.
    • Inductive Reasoning
      • Making general rules or coming up with answers from lots of detailed information.
    • Speed of Closure
      • Quickly knowing what you are looking at.
    • Written Comprehension
      • Reading and understanding what is written.
    • Originality
      • Creating new and original ideas.
    • Problem Sensitivity
      • Noticing when problems happen.
    • Mathematical Reasoning
      • Choosing the right type of math to solve a problem.
    • Memorization
      • Remembering words, numbers, pictures, or steps.
    • Flexibility of Closure
      • Seeing hidden patterns.
    • Perceptual Speed
      • Quickly comparing groups of letters, numbers, pictures, or other things.
    • Visualization
      • Imagining how something will look after it is moved around or changed.
    • Selective Attention
      • Paying attention to something without being distracted.
    • Time Sharing
      • Doing two or more things at the same time.
    • Speech Recognition
      • Recognizing spoken words.
    • Speech Clarity
      • Speaking clearly.
    • Glare Sensitivity
      • Seeing something even if there is a glare or very bright light.
    • Number Facility
      • Adding, subtracting, multiplying, or dividing.
    • Information Ordering
      • Ordering or arranging things.
    • Written Expression
      • Communicating by writing.
    • Visual Color Discrimination
      • Noticing the difference between colors, including shades and brightness.
    • Extent Flexibility
      • Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
    • Dynamic Flexibility
      • Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
    • Gross Body Coordination
      • Moving your arms, legs, and mid-section together while your whole body is moving.
    • Near Vision
      • Seeing details up close.
    • Manual Dexterity
      • Holding or moving items with your hands.
    • Response Orientation
      • Quickly deciding if you should move your hand, foot, or other body part.
    • Rate Control
      • Changing when and how fast you move based on how something else is moving.
    • Wrist-Finger Speed
      • Making fast, simple, repeated movements of your fingers, hands, and wrists.
    • Explosive Strength
      • Jumping, sprinting, or throwing something.
    • Gross Body Equilibrium
      • Keeping your balance or staying upright.

    Knowledge

    • English Language
      • Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
    • Law and Government
      • Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
    • Telecommunications
      • Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
    • Biology
      • Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
    • History and Archeology
      • Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
    • Philosophy and Theology
      • Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
    • Customer and Personal Service
      • Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
    • Design
      • Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
    • Building and Construction
      • Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
    • Physics
      • Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
    • Geography
      • Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
    • Chemistry
      • Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
    • Transportation
      • Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
    • Psychology
      • Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
    • Public Safety and Security
      • Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
    • 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.
    • Food Production
      • Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
    • Foreign Language
      • Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
    • Therapy and Counseling
      • Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
    • Education and Training
      • Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
    • Medicine and Dentistry
      • Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
    • Fine Arts
      • Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
    • Communications and Media
      • Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
    • Mathematics
      • Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
    • Sociology and Anthropology
      • Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
    • Sales and Marketing
      • Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
    • Engineering and Technology
      • Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
    • Personnel and Human Resources
      • Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
    • Mechanical
      • Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
    • Administrative
      • Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
    • Economics and Accounting
      • Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
    • Computers and Electronics
      • Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
    • Production and Processing
      • Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.

    Education

    Education
    Bachelor's degree
    Work Experience
    5 years or more work experience
    Training
    No on-the-job training

    Pay

    Washington Annual Salary
    171300/yr
    Washington Hourly Wage
    82.36/hr

    Washington Employment Trends

    Currently Employed
    17,870
    Yearly Projected Openings
    1610

    Personality

    Enterprising: People interested in this work like activities that include leading, making decisions, and business. They do well at jobs that need:
    • Attention to Detail
    • Integrity
    • Cooperation
    • Leadership
    • Concern for Others
    • Dependability

    Tools

    • Desktop calculator
    • Desktop computers
    • Notebook computers
    • Personal computers
    • Personal digital assistant PDAs or organizers
    • Scanners
    • Tablet computers

    Technology

    • Accounting software
    • Analytical or scientific software
    • Business intelligence and data analysis software
    • Compliance software
    • Customer relationship management CRM software
    • Data base management system software
    • Data base reporting software
    • Data base user interface and query software
    • Development environment software
    • Document management software
    • Electronic mail software
    • Enterprise resource planning ERP software
    • Enterprise system management software
    • Financial analysis software
    • Human resources software
    • Information retrieval or search software
    • Internet browser software
    • Medical software
    • Object or component oriented development software
    • Office suite software
    • Operating system software
    • Presentation software
    • Process mapping and design software
    • Project management software
    • Sales and marketing software
    • Spreadsheet software
    • Word processing software