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Financial Managers, Branch or Department - 11-3031.02

O*NET-SOC 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.

Sample of Reported Job Titles

  • Branch Manager
  • Banking Center Manager (BCM)
  • Service Center Manager
  • Collections Vice President
  • Consumer Lending Vice President
  • Consumer Loan Manager
  • Electronic Services Vice President
  • Lending Manager
  • Loan Servicing Vice President
  • Loan Systems Director

SOC Occupation Groups

11-0000 Management Occupations
11-3000 Operations Specialties Managers
11-3030 Financial Managers
11-3031.00 Financial Managers
11-3031.02 Financial Managers, Branch or Department

Related Occupations

Tasks

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

Detailed Work Activities

  • analyze financial data
  • analyze market conditions
  • analyze operational or management reports or records
  • approve or deny credit applications
  • approve or deny loans
  • assign work to staff or employees
  • compile data for financial reports
  • conduct financial investigations
  • conduct or attend staff meetings
  • develop budgets
  • develop management control systems
  • develop policies, procedures, methods, or standards
  • direct and coordinate financial activities
  • identify financial risks to company
  • monitor credit extension decisions
  • oversee execution of organizational or program policies
  • prepare reports for management
  • prepare required government reports
  • review loan applications
  • use government regulations
  • use negotiation techniques

Military Crosswalk Titles

  • Disbursing Officer (Navy - Commissioned or Warrant Officer)

Apprenticeship Crosswalk Titles

No information available.

DOT Crosswalk Titles

  • Assistant Branch Manager, Financial Institution
  • Factor
  • Foreign-Exchange Dealer
  • Manager, Credit and Collection
  • Manager, Exchange Floor
  • Manager, Financial Institution
  • Operations Officer
  • Risk and Insurance Manager
  • Trust Officer