What do Financial Managers, Branch or Department do?

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.
  • Examine, evaluate, or process loan applications.
  • 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.
  • Oversee the flow of cash or financial instruments.
  • Recruit staff members and oversee training programs.
  • Network within communities to find and attract new business.
  • 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.
  • Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
  • Review collection reports to determine the status of collections and the amounts of outstanding balances.
  • Prepare operational or risk reports for management analysis.
  • 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.
  • Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses.
  • Submit delinquent accounts to attorneys or outside agencies for collection.
  • Communicate with stockholders or other investors to provide information or to raise capital.
  • Evaluate data pertaining to costs to plan budgets.
  • Analyze and classify risks and investments to determine their potential impacts on companies.
  • Review reports of securities transactions or price lists to analyze market conditions.
  • Develop or analyze information to assess the current or future financial status of firms.
  • Direct insurance negotiations, select insurance brokers or carriers, and place insurance.

Related Jobs (Financial Managers, Branch or Department)

Ajax loading 2bee7f4f55bd3e27dc1537905b862e09df1464e5a03aaa29003595fd0b6b0903
Loading Jobs...

Necessary Skills

  • Active Listening
  • Speaking
  • Reading Comprehension
  • Monitoring
  • Writing
  • Management of Personnel Resources

Related Positions