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.
 
CompGeo Occupation Group: Management
Job Family: Finance
Benchmark Title: Financial Manager, Branch or Department
 
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.
 
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.
 
 
CompGeo Occupation Group: Management
Job Family: Finance
Benchmark Title: Financial Manager, Branch or Department
 
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.
 
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.
 
English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
 
Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 
Computers and Electronics Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 
Economics and Accounting Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
 
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.
 
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.
 
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.
 
Law and Government Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
 
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.
 
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.
 
 
CompGeo Occupation Group: Management
Job Family: Finance
Benchmark Title: Financial Manager, Branch or Department
 
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.
 
Speaking Talking to others to convey information effectively.
 
Writing Communicating effectively in writing as appropriate for the needs of the audience.
 
Reading Comprehension Understanding written sentences and paragraphs in work related documents.
 
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.
 
Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
 
Time Management Managing one's own time and the time of others.
 
Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.
 
Coordination Adjusting actions in relation to others' actions.
 
Persuasion Persuading others to change their minds or behavior.
 
Service Orientation Actively looking for ways to help people.
 
Management of Personnel Resources Motivating, developing, and directing people as they work, identifying the best people for the job.
 
Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.
 
Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
 
Learning Strategies Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
 
Systems Analysis Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
 
Negotiation Bringing others together and trying to reconcile differences.
 
Instructing Teaching others how to do something.
 
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.
 
Mathematics Using mathematics to solve problems.
 
Management of Financial Resources Determining how money will be spent to get the work done, and accounting for these expenditures.
 
 
CompGeo Occupation Group: Management
Job Family: Finance
Benchmark Title: Financial Manager, Branch or Department
 
Important Ability Competencies Competency Description
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.
 
Written Comprehension The ability to read and understand information and ideas presented in writing.
 
Written Expression The ability to communicate information and ideas in writing so others will understand.
 
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.
 
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.
 
Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
 
Near Vision The ability to see details at close range (within a few feet of the observer).
 
Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
 
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).
 
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.
 
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.
 
Number Facility The ability to add, subtract, multiply, or divide quickly and correctly.
 
Category Flexibility The ability to generate or use different sets of rules for combining or grouping things in different ways.
 
Selective Attention The ability to concentrate on a task over a period of time without being distracted.
 
Memorization The ability to remember information such as words, numbers, pictures, and procedures.
 
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.
 
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).
 
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.
 
 
CompGeo Occupation Group: Management
Job Family: Finance
Benchmark Title: Financial Manager, Branch or Department
 
Tools/Technology Example Product Category
ARES Corporation PRISM Project Estimator Financial analysis software
 
Accounts receivable software Accounting software
 
Credit management software Financial analysis software
 
Email software Electronic mail software
 
Enterprise resource planning ERP credit management software Enterprise resource planning ERP software
 
Human resource information system HRIS software Human resources software
 
Internet browser software Internet browser software
 
Microsoft Access Data base user interface and query software
 
Microsoft Excel Spreadsheet software
 
Microsoft Office software Office suite software
 
Microsoft Outlook Electronic mail software
 
Moody's KMV FAMAS Spreadsheet software
 
Oracle PeopleSoft Enterprise resource planning ERP software
 
Oracle software Data base user interface and query software
 
Presentation software Presentation software
 
Sage Peachtree software Accounting software
 
Spreadsheet software Spreadsheet software
 
Trust accounting software Accounting software
 
Word processing software Word processing software
 
10-key calculators Calculators or accessories
 
Desktop computers Desktop computers
 
Notebook computers Notebook computers
 
Personal computers Personal computers
 
Personal digital assistants PDA Personal digital assistant PDAs or organizers
 
Scanners Scanners
 
Tablet computers Tablet computers
 
 
CompGeo Occupation Group: Management
Job Family: Finance
Benchmark Title: Financial Manager, Branch or Department
 
Prerequisite Qualification Category Education and Experience Level
On-Site or In-Plant Training Over 6 months, up to and including 1 year
 
On-the-Job Training Over 3 months, up to and including 6 months
 
Related Work Experience Over 4 years, up to and including 6 years
 
Required Level of Education Bachelor's Degree
 
 
CompGeo Occupation Group: Management
Job Family: Finance
Benchmark Title: Financial Manager, Branch or Department
 
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
 
CompGeo Occupation Group: Management
Job Family: Finance
Benchmark Title: Financial Manager, Branch or Department
 
 
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