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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.

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    Work Activities

    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 123790/yr
    • Typical Salary
    • Ohio Hourly Wage 59.51/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.

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    Workforce Supply Tool

    Workforce Supply Tool

    The Workforce Supply Tool provides statistics for the occupations in highest demand throughout Ohio.

    You can view statewide statistics as well as more region specific information.

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