Financial Manager Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
Financial Manager is Also Know as
In different settings, Financial Manager is titled as
- Accounting Supervisor
- Banking Center Manager (BCM)
- Branch Manager
- Business Banking Manager
- Credit Administration Manager
- Credit Manager
- Financial Center Manager
- Financial Planning Manager
- Financial Reporting Manager
- Financial Systems Manager
Education and Training of Financial Manager
Financial Manager is categorized in Job Zone Four: Considerable Preparation Needed
Experience Required for Financial Manager
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Education Required for Financial Manager
Most of these occupations require a four-year bachelor's degree, but some do not.
Degrees Related to Financial Manager
- Bachelor in Accounting and Computer Science
- Associate Degree Courses in Accounting and Computer Science
- Masters Degree Courses in Accounting and Computer Science
- Bachelor in Financial Analytics
- Associate Degree Courses in Financial Analytics
- Masters Degree Courses in Financial Analytics
- Bachelor in Risk Management
- Associate Degree Courses in Risk Management
- Masters Degree Courses in Risk Management
- Bachelor in Accounting and Finance
- Associate Degree Courses in Accounting and Finance
- Masters Degree Courses in Accounting and Finance
- Bachelor in Accounting and Business/Management
- Associate Degree Courses in Accounting and Business/Management
- Masters Degree Courses in Accounting and Business/Management
- Bachelor in Finance, General
- Associate Degree Courses in Finance, General
- Masters Degree Courses in Finance, General
Training Required for Financial Manager
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Related Ocuupations
Some Ocuupations related to Financial Manager in different industries are
- Accountants and Auditors
- Personal Financial Advisors
- Financial and Investment Analysts
- Credit Analysts
- Financial Examiners
- Loan Officers
- Treasurers and Controllers
- Financial Risk Specialists
- Investment Fund Managers
- Securities, Commodities, and Financial Services Sales Agents
- Credit Authorizers, Checkers, and Clerks
- Management Analysts
- Bookkeeping, Accounting, and Auditing Clerks
- Chief Executives
- Credit Counselors
- Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
- First-Line Supervisors of Office and Administrative Support Workers
- New Accounts Clerks
- Budget Analysts
- Compensation, Benefits, and Job Analysis Specialists
What Do Financial Manager do?
- 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.
- Recruit staff members.
- Prepare operational or risk reports for management analysis.
- Evaluate data pertaining to costs to plan budgets.
- Oversee training programs.
- 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.
- 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.
- 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.
- 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.
- 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.
Qualities of Good Financial Manager
- Written Comprehension: The ability to read and understand information and ideas presented in writing.
- Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
- Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Speech Clarity: The ability to speak clearly so others can understand you.
- Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
- Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
- Written Expression: The ability to communicate information and ideas in writing so others will understand.
- Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Speech Recognition: The ability to identify and understand the speech of another person.
- Near Vision: The ability to see details at close range (within a few feet of the observer).
- Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
- Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
- Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
- Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
- Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
- Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
- Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
- Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
- Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
- Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
- Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
- Far Vision: The ability to see details at a distance.
- Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
- Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
- Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
- Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
- Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
- Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
- Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
- Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
- Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
- Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
- Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
- Sound Localization: The ability to tell the direction from which a sound originated.
- Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
- Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
- Night Vision: The ability to see under low-light conditions.
- Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
- Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
- Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
- Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
- Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
- Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
- Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
- Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
- Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
- Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
- Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
- Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
- Speed of Limb Movement: The ability to quickly move the arms and legs.
- Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
Tools Used by Financial Manager
- 10-key calculators
- Desktop computers
- Notebook computers
- Personal computers
- Personal digital assistants PDA
- Scanners
- Tablet computers
Technology Skills required for Financial Manager
- Accounting software
- Accounts receivable software
- Adobe Acrobat
- ADP Workforce Now
- Alteryx software
- ARES Corporation PRISM Project Estimator
- Blackbaud The Raiser's Edge
- Credit management software
- Database software
- Delphi Technology
- FileMaker Pro
- Fund accounting software
- Healthcare common procedure coding system HCPCS
- Human resource information system (HRIS)
- Human resource management software HRMS
- IBM Cognos Impromptu
- IBM Notes
- IBM Power Systems software
- IBM SPSS Statistics
- Internet browser software
- Intuit QuickBooks
- LexisNexis
- Marketo Marketing Automation
- Microsoft Access
- Microsoft Dynamics
- Microsoft Dynamics GP
- Microsoft Excel
- Microsoft Exchange
- Microsoft Office software
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft Project
- Microsoft SharePoint
- Microsoft SQL Server
- Microsoft Visio
- Microsoft Visual Basic
- Microsoft Visual Basic for Applications VBA
- Microsoft Windows
- Microsoft Word
- MicroStrategy
- Moody's KMV FAMAS
- NetSuite ERP
- Oracle Business Intelligence Enterprise Edition
- Oracle Database
- Oracle E-Business Suite Financials
- Oracle Fusion Applications
- Oracle Hyperion
- Oracle JD Edwards EnterpriseOne
- Oracle PeopleSoft
- Oracle PeopleSoft Financials
- Oracle Primavera Enterprise Project Portfolio Management
- Qlik Tech QlikView
- R
- Sage 50 Accounting
- Salesforce software
- SAP Business Objects
- SAP Crystal Reports
- SAP software
- SAS
- Structured query language SQL
- Tableau
- Tax compliance property tax management software
- Tax software
- Teradata Database
- Word processing software
- Workday software
- Yardi software