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Occupation information for

Financial Managers, Branch or Department
District Of Columbia

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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.

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details

Currently Employed: 8,140

Projected Annual Job Openings: 170

Typical Hourly Wage: $53.88 - $73.42

Typical Annual Salary: $112,100 - $152,700

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typical training

Typical education needed for entry: Bachelor's degree

Typical work experience needed for a job in this occupation: 5 years or more

Typical on-the-job training once you have a job in this occupation: None

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typical job duties

  • 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.
  • 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.
  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • 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.

tools & technology


Tools:
  • Desktop computers
  • Notebook computers
  • Personal computers
  • Personal digital assistant PDAs or organizers
  • Tablet computers

Technology:
  • Accounting software
  • Data base user interface and query software
  • Enterprise resource planning ERP software
  • Financial analysis software
  • Spreadsheet software

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