Occupation information for Financial Managers District Of Columbia

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Typical education needed for entry: Bachelor's degree

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

Typical on-the-job training once you have a job in this occupation: No on-the-job training

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• Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
• Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
• Communicate with stockholders or other investors to provide information or to raise capital.
• Oversee the flow of cash or financial instruments.
• Develop or analyze information to assess the current or future financial status of firms.
• 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.
• Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
• Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
• Examine, evaluate, or process loan applications.
• 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:

• Desktop calculator
• Desktop computers
• Notebook computers
• Personal computers
• Personal digital assistant PDAs or organizers

Technology:

• Accounting software
• Business intelligence and data analysis software
• Data base user interface and query software
• Enterprise resource planning ERP software
• Financial analysis software

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