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Summary Job Description | Tasks | |||
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. | Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter. | |||
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Examine, evaluate, or process loan applications. | ||||
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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. | ||||
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Oversee the flow of cash or financial instruments. | ||||
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Recruit staff members and oversee training programs. | ||||
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Network within communities to find and attract new business. | ||||
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Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans. | ||||
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Prepare financial or regulatory reports required by laws, regulations, or boards of directors. | ||||
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Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping. | ||||
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Review collection reports to determine the status of collections and the amounts of outstanding balances. | ||||
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Prepare operational or risk reports for management analysis. | ||||
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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. | ||||
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Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses. | ||||
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Submit delinquent accounts to attorneys or outside agencies for collection. | ||||
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Communicate with stockholders or other investors to provide information or to raise capital. | ||||
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Evaluate data pertaining to costs to plan budgets. | ||||
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Analyze and classify risks and investments to determine their potential impacts on companies. | ||||
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Review reports of securities transactions or price lists to analyze market conditions. | ||||
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Develop or analyze information to assess the current or future financial status of firms. | ||||
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Direct insurance negotiations, select insurance brokers or carriers, and place insurance. | ||||
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CompGeo Salary Survey Benchmark Job Summary and Competencies
Financial Manager, Branch or Department
The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.- Job Description
- Knowledges
- Skills
- Abilites
- Tools and Technology
- Education and Experience
- Alternate Job Titles
- Salaries
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Important Knowledge Competencies | Competency Description | |||
Customer and Personal Service | Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction. | |||
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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. | |||
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English Language | Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. | |||
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Mathematics | Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. | |||
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Computers and Electronics | Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming. | |||
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Economics and Accounting | Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. | |||
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Sales and Marketing | Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems. | |||
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Clerical | Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology. | |||
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Personnel and Human Resources | Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems. | |||
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Law and Government | Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. | |||
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Education and Training | Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects. | |||
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Public Safety and Security | Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions. | |||
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Important Skill Competencies | Competency Description | |||
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. | |||
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Speaking | Talking to others to convey information effectively. | |||
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Writing | Communicating effectively in writing as appropriate for the needs of the audience. | |||
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Reading Comprehension | Understanding written sentences and paragraphs in work related documents. | |||
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Critical Thinking | Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. | |||
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Monitoring | Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action. | |||
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Judgment and Decision Making | Considering the relative costs and benefits of potential actions to choose the most appropriate one. | |||
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Time Management | Managing one's own time and the time of others. | |||
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Social Perceptiveness | Being aware of others' reactions and understanding why they react as they do. | |||
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Coordination | Adjusting actions in relation to others' actions. | |||
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Persuasion | Persuading others to change their minds or behavior. | |||
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Service Orientation | Actively looking for ways to help people. | |||
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Management of Personnel Resources | Motivating, developing, and directing people as they work, identifying the best people for the job. | |||
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Active Learning | Understanding the implications of new information for both current and future problem-solving and decision-making. | |||
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Complex Problem Solving | Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. | |||
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Learning Strategies | Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things. | |||
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Systems Analysis | Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes. | |||
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Negotiation | Bringing others together and trying to reconcile differences. | |||
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Instructing | Teaching others how to do something. | |||
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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. | |||
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Mathematics | Using mathematics to solve problems. | |||
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Management of Financial Resources | Determining how money will be spent to get the work done, and accounting for these expenditures. | |||
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Important Ability Competencies | Competency Description | |||
Oral Expression | The ability to communicate information and ideas in speaking so others will understand. | |||
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Oral Comprehension | The ability to listen to and understand information and ideas presented through spoken words and sentences. | |||
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Written Comprehension | The ability to read and understand information and ideas presented in writing. | |||
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Written Expression | The ability to communicate information and ideas in writing so others will understand. | |||
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Speech Recognition | The ability to identify and understand the speech of another person. | |||
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Speech Clarity | The ability to speak clearly so others can understand you. | |||
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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. | |||
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Deductive Reasoning | The ability to apply general rules to specific problems to produce answers that make sense. | |||
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Near Vision | The ability to see details at close range (within a few feet of the observer). | |||
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Inductive Reasoning | The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). | |||
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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). | |||
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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. | |||
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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). | |||
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Mathematical Reasoning | The ability to choose the right mathematical methods or formulas to solve a problem. | |||
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Number Facility | The ability to add, subtract, multiply, or divide quickly and correctly. | |||
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Category Flexibility | The ability to generate or use different sets of rules for combining or grouping things in different ways. | |||
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Selective Attention | The ability to concentrate on a task over a period of time without being distracted. | |||
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Memorization | The ability to remember information such as words, numbers, pictures, and procedures. | |||
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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. | |||
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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). | |||
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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. | |||
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Tools/Technology Example | Product Category | |||
ARES Corporation PRISM Project Estimator | Financial analysis software | |||
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Accounts receivable software | Accounting software | |||
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Credit management software | Financial analysis software | |||
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Email software | Electronic mail software | |||
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Enterprise resource planning ERP credit management software | Enterprise resource planning ERP software | |||
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Human resource information system HRIS software | Human resources software | |||
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Internet browser software | Internet browser software | |||
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Microsoft Access | Data base user interface and query software | |||
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Microsoft Excel | Spreadsheet software | |||
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Microsoft Office software | Office suite software | |||
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Microsoft Outlook | Electronic mail software | |||
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Moody's KMV FAMAS | Spreadsheet software | |||
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Oracle PeopleSoft | Enterprise resource planning ERP software | |||
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Oracle software | Data base user interface and query software | |||
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Presentation software | Presentation software | |||
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Sage Peachtree software | Accounting software | |||
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Spreadsheet software | Spreadsheet software | |||
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Trust accounting software | Accounting software | |||
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Word processing software | Word processing software | |||
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10-key calculators | Calculators or accessories | |||
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Desktop computers | Desktop computers | |||
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Notebook computers | Notebook computers | |||
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Personal computers | Personal computers | |||
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Personal digital assistants PDA | Personal digital assistant PDAs or organizers | |||
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Scanners | Scanners | |||
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Tablet computers | Tablet computers | |||
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Prerequisite Qualification Category | Education and Experience Level | |||
On-Site or In-Plant Training | Over 6 months, up to and including 1 year | |||
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On-the-Job Training | Over 3 months, up to and including 6 months | |||
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Related Work Experience | Over 4 years, up to and including 6 years | |||
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Required Level of Education | Bachelor's Degree | |||
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Alternate Job Title(s) | |||
ATM Manager | |||
ATM Manager (Automatic Teller Machine Manager) | |||
Account Manager | |||
Accountant Supervisor | |||
Accounting Manager | |||
Accounts Manager | |||
Accounts Supervisor | |||
Actuarial Manager | |||
Asset Manager | |||
Auditing Manager | |||
Auditor Supervisor | |||
Bank Advisor | |||
Bank Branch Manager | |||
Bank Cashier | |||
Bank Consultant | |||
Bank Manager | |||
Bank Officer | |||
Bank Operations Officer | |||
Bank President | |||
Banking Center Manager (BCM) | |||
Banking Manager | |||
Banking Supervisor | |||
Branch Banker | |||
Branch Manager | |||
Budget Manager | |||
Cash Manager | |||
Chief Executive Officer (CEO) | |||
Collections Manager | |||
Collections Vice President | |||
Commercial Banker | |||
Consumer Lending Vice President | |||
Consumer Loan Manager | |||
Cost Accounting Manager | |||
Credit Department Manager | |||
Credit Manager | |||
Credit Office Manager | |||
Credit Union Manager | |||
Credit and Collection Manager | |||
Director of Finance | |||
District Manager | |||
Electronic Services Vice President | |||
Exchange Floor Manager | |||
Factor | |||
Field Supervisor | |||
Finance Director | |||
Finance Officer | |||
Financial Administrator | |||
Financial Engineer | |||
Financial Institution Assistant Branch Manager | |||
Financial Institution Branch Manager | |||
Financial Institution Manager | |||
Financial Supervisor | |||
Fiscal Manager | |||
Fiscal Specialist | |||
Foreign Exchange Dealer | |||
International Bank Manager | |||
International Banker | |||
Investment Manager | |||
Investment Officer | |||
Lending Manager | |||
Loan Administrator | |||
Loan Manager | |||
Loan Servicing Vice President | |||
Loan Systems Director | |||
Loan and Credit Manager | |||
Operations Manager | |||
Operations Officer | |||
Paymaster | |||
Reimbursement Director | |||
Relationship Manager | |||
Residential Mortgage Manager | |||
Risk Management Director | |||
Risk and Insurance Manager | |||
Service Center Manager | |||
Trust Officer | |||
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