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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.
    • Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
    • Network within communities to find and attract new business.
    • Prepare operational or risk reports for management analysis.
    • Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
    • 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.
    • 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.
    • Develop or analyze information to assess the current or future financial status of firms.
    • 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.
    • 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.
    • Oversee the flow of cash or financial instruments.
    • Evaluate data pertaining to costs to plan budgets.
    • Oversee training programs.
    • Examine, evaluate, or process loan applications.
    • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.

    Skills

    • Repairing
      • Repairing machines or systems using the right tools.
    • Systems Analysis
      • Figuring out how a system should work and how changes in the future will affect it.
    • Operation and Control
      • Using equipment or systems.
    • Coordination
      • Changing what is done based on other people's actions.
    • 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.
    • Science
      • Using scientific rules and strategies to solve problems.
    • 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.
    • Programming
      • Writing computer programs.
    • Judgment and Decision Making
      • Thinking about the pros and cons of different options and picking the best one.
    • Writing
      • Writing things for co-workers or customers.
    • Quality Control Analysis
      • Testing how well a product or service works.
    • Operations Monitoring
      • Watching gauges, dials, or display screens to make sure a machine is working.
    • Complex Problem Solving
      • Noticing a problem and figuring out the best way to solve it.
    • Active Learning
      • Figuring out how to use new ideas or things.
    • Active Listening
      • Listening to others, not interrupting, and asking good questions.
    • Learning Strategies
      • Using the best training or teaching strategies for learning new things.
    • Speaking
      • Talking to others.
    • Social Perceptiveness
      • Understanding people's reactions.
    • 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.
    • Monitoring
      • Keeping track of how well people and/or groups are doing in order to make improvements.
    • Critical Thinking
      • Thinking about the pros and cons of different ways to solve a problem.
    • Systems Evaluation
      • Measuring how well a system is working and how to improve it.
    • Management of Financial Resources
      • Making spending decisions and keeping track of what is spent.
    • Mathematics
      • Using math to solve problems.
    • Installation
      • Installing equipment, machines, wiring, or computer programs.
    • Time Management
      • Managing your time and the time of other people.
    • Management of Material Resources
      • Managing equipment and materials.

    Abilities

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

    Knowledge

    • 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.
    • History and Archeology
      • Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
    • 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.
    • Telecommunications
      • Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
    • 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.
    • 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.
    • Biology
      • Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
    • Law and Government
      • Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
    • 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.
    • 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.
    • 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.
    • Transportation
      • Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
    • Food Production
      • Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
    • 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.
    • 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.
    • 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.
    • 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.
    • Fine Arts
      • Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
    • Sociology and Anthropology
      • Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
    • 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.
    • Mathematics
      • Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
    • 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.
    • 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.
    • 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.
    • Computers and Electronics
      • Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
    • 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.
    • Mechanical
      • Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
    • Economics and Accounting
      • Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
    • 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.
    • 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.
    • Production and Processing
      • Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
    • 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.

    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