What Do Branch or Department Financial Manager Do?
Branch or Department Financial Manager Job 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.
List of Branch or Department Financial Manager Job Duties
- Oversee the flow of cash or financial instruments.
- Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
- Review reports of securities transactions or price lists to analyze market conditions.
- Submit delinquent accounts to attorneys or outside agencies for collection.
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
Branch or Department Financial Manager Skills
Below is a list of the skills most Branch or Department Financial Managers say are important on the job.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
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.
Speaking: Talking to others to convey information effectively.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Related Job Titles for this Occupation:
- Credit Union Manager
- Credit Department Manager
- Credit and Collection Manager
- ATM Manager (Automatic Teller Machine Manager)
- Cost Accounting Manager
Is There Going to be Demand for Branch or Department Financial Managers?
There were about 580,400 jobs for Branch or Department Financial Manager in 2016 (in the United States). New jobs are being produced at a rate of 18.7% which is above the national average. The Bureau of Labor Statistics predicts 108,600 new jobs for Branch or Department Financial Manager by 2026. The BLS estimates 56,900 yearly job openings in this field.
The states with the most job growth for Branch or Department Financial Manager are Utah, Nevada, and Arizona. Watch out if you plan on working in Alaska, Maryland, or District of Columbia. These states have the worst job growth for this type of profession.
How Much Does a Branch or Department Financial Manager Make?
The typical yearly salary for Branch or Department Financial Managers is somewhere between $67,620 and $208,000.
Branch or Department Financial Managers who work in New York, New Jersey, or Delaware, make the highest salaries.
How much do Branch or Department Financial Managers make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$166,710|
What Tools do Branch or Department Financial Managers Use?
Below is a list of the types of tools and technologies that Branch or Department Financial Managers may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Microsoft Access
- Data entry software
- Word processing software
- Microsoft Windows
- Microsoft Project
- Microsoft SharePoint
- Microsoft Visio
- Structured query language SQL
- Microsoft Dynamics
- IBM Notes
- Microsoft Visual Basic
- FileMaker Pro
- IBM SPSS Statistics
How do I Become a Branch or Department Financial Manager?
What kind of Branch or Department Financial Manager requirements are there?
What work experience do I need to become a Branch or Department Financial Manager?
Where Branch or Department Financial Managers Are Employed
Below are examples of industries where Branch or Department Financial Managers work:
Are you already one of the many Branch or Department Financial Manager in the United States? If you’re thinking about changing careers, these fields are worth exploring:
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More about our data sources and methodologies.
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