Will “Financial Managers, Branch or Department” be Replaced By Robots? 🤔
Unknown Chance of Automation
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Job Description
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.
Job Details
- The SOC (Standard Occupational Classification) code is 11-3031.02
Also Known As…
- Vice President
- Service Center Manager
- Regional Manager
- Financial Center Manager
- Credit Administration Manager
- Branch Manager
- Banking Officer
- Banking Center Manager (BCM)
- Assistant Vice President (AVP)
- Assistant Manager
- Trust Officer
- Tax Manager
- Risk Management Director
- Risk and Insurance Manager
- Relationship Manager
- Reimbursement Director
- Paymaster
- Operations Officer
- Loan Manager
- Loan and Credit Manager
- Loan Administrator
- Investment Officer
- Investment Manager
- International Banker
- International Bank Manager
- Foreign Exchange Dealer
- Fiscal Specialist
- Fiscal Manager
- Financial Supervisor
- Financial Institution Manager
- Financial Institution Branch Manager
- Financial Institution Assistant Branch Manager
- Financial Engineer
- Financial Administrator
- Finance Officer
- Finance Manager
- Finance Director
- Field Supervisor
- Factor
- Exchange Floor Manager
- District Manager
- Director of Finance
- Credit Union Manager
- Credit Office Manager
- Credit Department Manager
- Credit and Collection Manager
- Cost Accounting Manager
- Commercial Banker
- Collections Manager
- Cash Manager
- Budget Manager
- Branch Banker
- Banking Supervisor
- Banking Manager
- Bank President
- Bank Operations Officer
- Bank Officer
- Bank Manager
- Bank Consultant
- Bank Cashier
- Bank Advisor
- Auditor Supervisor
- Auditing Manager
- ATM Manager (Automatic Teller Machine Manager)
- Asset Manager
- Actuarial Manager
- Accounts Supervisor
- Accounts Manager
- Accountant Supervisor
- Account Manager
Tasks for “Financial Managers, Branch or Department”
- 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.
- Review reports of securities transactions or price lists to analyze market conditions.
- Oversee the flow of cash or financial instruments.
- Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
- Direct insurance negotiations, select insurance brokers or carriers, and place insurance.
- Recruit staff members.
- Prepare operational or risk reports for management analysis.
- Analyze and classify risks and investments to determine their potential impacts on companies.
- Develop or analyze information to assess the current or future financial status of firms.
- Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses.
- Submit delinquent accounts to attorneys or outside agencies for collection.
- Review collection reports to determine the status of collections and the amounts of outstanding balances.
- 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.
- Evaluate data pertaining to costs to plan budgets.
- 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.
- Communicate with stockholders or other investors to provide information or to raise capital.
- Network within communities to find and attract new business.
- Examine, evaluate, or process loan applications.
- Oversee training programs.
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
Related Technology & Tools
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- Tablet computers
- Personal computers
- Personal digital assistants PDA
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- Microsoft Office
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- Sage 50 Accounting
- SPSS
- Microsoft Visual Basic
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- IBM Notes
- Microsoft SharePoint
- SAP
- Yardi
- Tax software
- Internet browser software
- FileMaker Pro
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- Oracle Hyperion
- NetSuite ERP
- LexisNexis
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- Delphi Technology
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- Microsoft Visio
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- Moody's KMV FAMAS
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- Qlik Tech QlikView
- Structured query language SQL
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- Oracle E-Business Suite Financials
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- Microsoft Access
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- Oracle JD Edwards EnterpriseOne
- IBM Cognos Impromptu
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