Financial Manager

Also called: Account Manager, Accountant Supervisor, Accounting Director, Accounting Manager, Accounting Supervisor

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Financial Managers plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

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.

Work Context

Telephone —
Electronic Mail —
Face-to-Face Discussions —
Indoors, Environmentally Controlled —
Contact With Others —
Importance of Being Exact or Accurate —
Frequency of Decision Making —

Work Activities

Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
Guiding, Directing, and Motivating Subordinates — Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.
Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

Coordinating the Work and Activities of Others — Getting members of a group to work together to accomplish tasks.

Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.

Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

Developing and Building Teams — Encouraging and building mutual trust, respect, and cooperation among team members.

Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.

Training and Teaching Others — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.

Selling or Influencing Others — Convincing others to buy merchandise/goods or to otherwise change their minds or actions.

Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.

Resolving Conflicts and Negotiating with Others — Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.

Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.

Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people.

Provide Consultation and Advice to Others — Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.

Thinking Creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.

Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.

Performing for or Working Directly with the Public — Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.

Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others.

Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.

Detailed Work Activities

Establish interpersonal business relationships to facilitate work activities.
Supervise employees.
Direct financial operations.
Recruit personnel.
Prepare operational progress or status reports.
Analyze financial records to improve budgeting or planning.

Direct organizational operations, projects, or services.

Analyze financial records to improve budgeting or planning.

Approve expenditures.

Direct financial operations.

Monitor flow of cash or other resources.

Prepare financial documents, reports, or budgets.

Prepare reports related to compliance matters.

Maintain regulatory or compliance documentation.

Analyze forecasting data to improve business decisions.

Communicate organizational information to customers or other stakeholders.

Analyze financial records to improve efficiency.

Recommend organizational process or policy changes.

Analyze risks to minimize losses or damages.

Establish interpersonal business relationships to facilitate work activities.

Analyze financial records or reports to determine state of operations.

Determine pricing or monetary policies.

Develop operating strategies, plans, or procedures.

Direct financial operations.

Analyze financial records or reports to determine state of operations.

Negotiate sales or lease agreements for products or services.

Coordinate operational activities with external stakeholders.

Economics and Accounting

Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Administration and Management

Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Mathematics

Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Reading Comprehension

Understanding written sentences and paragraphs in work related documents.

Monitoring

Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Speaking

Talking to others to convey information effectively.

Active Listening

Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Judgment and Decision Making

Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Writing

Communicating effectively in writing as appropriate for the needs of the audience.

Complex Problem Solving

Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Management of Personnel Resources

Motivating, developing, and directing people as they work, identifying the best people for the job.

Coordination

Adjusting actions in relation to others' actions.

Social Perceptiveness

Being aware of others' reactions and understanding why they react as they do.

Active Learning

Understanding the implications of new information for both current and future problem-solving and decision-making.

Time Management

Managing one's own time and the time of others.

Persuasion

Persuading others to change their minds or behavior.

Service Orientation

Actively looking for ways to help people.

Learning Strategies

Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.

Mathematics

Using mathematics to solve problems.

Instructing

Teaching others how to do something.

Negotiation

Bringing others together and trying to reconcile differences.

Systems Analysis

Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.

Systems Evaluation

Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.

Management of Financial Resources

Determining how money will be spent to get the work done, and accounting for these expenditures.

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 Recognition

The ability to identify and understand the speech of another person.

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 there is a problem.

Written Comprehension

The ability to read and understand information and ideas presented in writing.

Inductive Reasoning

The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

Written Expression

The ability to communicate information and ideas in writing so others will understand.

Near Vision

The ability to see details at close range (within a few feet of the observer).

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).

Mathematical Reasoning

The ability to choose the right mathematical methods or formulas to solve a problem.

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).

Category Flexibility

The ability to generate or use different sets of rules for combining or grouping things in different ways.

Number Facility

The ability to add, subtract, multiply, or divide quickly and correctly.

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).

Memorization

The ability to remember information such as words, numbers, pictures, and procedures.

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.

People interested in this work like activities that include ideas, thinking, and figuring things out.

They do well at jobs that need:

Achievement/Effort

Persistence

Initiative

Leadership

Cooperation

Concern for Others

Social Orientation

Self Control

You might use software like this on the job:

Data base user interface and query software

Yardi
Microsoft SQL Server
Structured query language SQL
Oracle software
Data entry software
Microsoft Access
FileMaker Pro

Enterprise resource planning ERP software

Oracle Hyperion
Oracle Fusion Applications
NetSuite ERP
Oracle JD Edwards EnterpriseOne
Oracle PeopleSoft
SAP Business Objects
SAP
Oracle PeopleSoft Financials
Microsoft Dynamics GP
Microsoft Dynamics

Business intelligence and data analysis software

Oracle Business Intelligence Enterprise Edition
MicroStrategy
Tableau
Qlik Tech QlikView
IBM Cognos Impromptu

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