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Financial Managers

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

    Work Activities
    • Examine, evaluate, or process loan applications.
    • Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
    • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
    • 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.
    • Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
    • Develop or analyze information to assess the current or future financial status of firms.
    • Recruit staff members.
    • Communicate with stockholders or other investors to provide information or to raise capital.
    • 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.
    • Prepare operational or risk reports for management analysis.
    • Analyze and classify risks and investments to determine their potential impacts on companies.
    • Network within communities to find and attract new business.
    • Review collection reports to determine the status of collections and the amounts of outstanding balances.
    • Evaluate data pertaining to costs to plan budgets.
    • Oversee training programs.
    • Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
    • Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses.
    • Review reports of securities transactions or price lists to analyze market conditions.
    • Direct insurance negotiations, select insurance brokers or carriers, and place insurance.
    • Submit delinquent accounts to attorneys or outside agencies for collection.
    Skills
    • Active Listening

      Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

    • Critical Thinking

      Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

    • Monitoring

      Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

    WorkKeys®
    Applied Math
    6
    Workplace Documents
    6
    Graphic Literacy
    5
    Abilities
    • Oral Expression

      The ability to communicate information and ideas in speaking so others will understand.

    • Deductive Reasoning

      The ability to apply general rules to specific problems to produce answers that make sense.

    • Oral Comprehension

      The ability to listen to and understand information and ideas presented through spoken words and sentences.

    Knowledge
    • Economics and Accounting

      Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

    • 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.

    • Mathematics

      Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

    Career Video
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    Pay
    • Ohio Annual Salary 121110/yr
    • Typical Salary
    • Ohio Hourly Wage 58.23/hr
    • Typical Hourly Wage
    Ohio Employment Trends
    • Currently Employed 20,760
    • Yearly Projected Openings 2,000
    Typical Education
    Personality
    Enterprising: People interested in this work like activities that include leading, making decisions, and business. They do well at jobs that need:
    • Dependability
    • Integrity
    • Attention to Detail
    • Achievement/Effort
    • Persistence
    • Leadership
    Tools
    • Personal digital assistant PDAs or organizers
    • Personal computers
    • Notebook computers
    • Desktop computers
    • Desktop calculator
    Technology
    • Financial analysis software
    • Enterprise resource planning ERP software
    • Data base user interface and query software
    • Business intelligence and data analysis software
    • Accounting software
    Tags
    • InDemand occupations are considered a priority by the state of Ohio.
    • Bright Outlook occupations will grow rapidly in the next few years, have a large number of openings, or are new and emerging careers.
    • Apprenticeships are available for this occupation. These programs can help you get hands-on experience and build your skills.