Occupation · SOC 11-3031
Financial Managers
Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
Median wage
$161,700
$86,490–—
Projected growth
+14.8%
Faster than average
Annual openings
12,880
per year
Employed (US)
818,620
Job Zone 4
Typical preparation
Considerable preparation
Stackable credential programs
382 mapped
Core skills
Critical ThinkingActive ListeningSpeakingReading ComprehensionWritingMonitoringCoordinationTime Management
Knowledge areas
Customer and Personal ServiceAdministration and ManagementEconomics and AccountingMathematicsAdministrative
Technology & tools
Accounting softwareDocument management softwareHuman resources softwareBusiness intelligence and data analysis softwareFinancial analysis software
Representative tasks
Establish and maintain relationships with individual or business customers or provide assistance witOversee the flow of cash or financial instruments.Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establ
Competency framework
Skill expectations by proficiency level.
emerging
Customer account records — organize and maintain under direct supervision to support relationship management in a bank branch or financial services office.Cash flow transactions — monitor and document following established protocols in a supervised financial operations environment.Departmental activity logs — compile and review with guidance to assist coordinators in tracking branch or office operations.Job postings and candidate materials — prepare and submit under direction to support staff recruitment processes in a financial institution.Budget input data — gather and categorize cost figures under supervision to assist managers with preliminary budget planning.Training schedules and materials — distribute and track completion records in support of supervised employee development programs.Accounting software reports — generate standard outputs and flag discrepancies for review by senior financial staff.Customer inquiries — respond to routine questions using approved scripts and escalate complex issues to experienced managers.Financial policies and procedures — read and apply to daily tasks with oversight, ensuring compliance in a regulated industry setting.Time-sensitive financial documents — organize and route accurately, applying time management skills in a fast-paced office environment.
developing
Customer relationships — cultivate and sustain independently for a portfolio of individual or business clients in a branch banking or brokerage setting.Cash and financial instrument flows — oversee daily operations with reduced supervision, identifying irregularities and initiating corrective action in a financial operations unit.Branch or departmental activities — coordinate across multiple staff roles with moderate oversight, ensuring efficient workflow in a regional office.Recruitment processes — manage end-to-end candidate sourcing and screening using human resources software, supporting timely staffing of financial teams.Budget variance reports — analyze cost data using financial analysis software and recommend adjustments to departmental spending plans.Employee training programs — administer and monitor progress, adapting delivery schedules to meet evolving skill needs within a financial services department.Business intelligence tools — utilize to produce recurring performance reports and surface actionable insights for management review.Complex customer problems — assess and resolve by applying critical thinking and knowledge of financial products in a client-facing service environment.CRM software records — maintain and query to track customer interactions, ensuring data accuracy across a financial services portfolio.Personnel scheduling and workload allocation — manage to optimize team productivity in a branch or credit department setting.
proficient
Customer and business client relationships — develop and sustain at a strategic level, resolving escalated problems and identifying growth opportunities across a full institutional portfolio.Cash flow and financial instrument oversight — direct autonomously across all operational accounts, implementing controls and responding to non-routine liquidity issues in a multi-department environment.Branch, office, or departmental operations — lead and optimize across the full scope of an establishment, including brokerage, risk, insurance, or credit functions, with minimal oversight.Staffing strategy — design and execute comprehensive recruitment plans, applying judgment in candidate evaluation and workforce planning for a financial division.Budget development — analyze complex cost data using financial analysis and database tools, construct detailed operating budgets, and present recommendations to senior leadership.Training program design — develop, oversee, and evaluate employee training initiatives that align skill development with regulatory requirements and organizational performance goals.Financial risk assessment — apply deductive and inductive reasoning to identify exposure areas and recommend mitigation strategies within a regulated financial institution.Cross-functional coordination — lead collaboration between finance, compliance, HR, and operations teams to resolve complex, non-routine organizational challenges.Enterprise financial software — configure and leverage accounting, ERP, and business intelligence systems to streamline reporting and decision-making across a financial organization.Regulatory and legal compliance — interpret applicable law and government requirements and ensure departmental practices align with standards in a financial services context.
advanced
Organizational financial strategy — set long-range direction and establish institutional priorities for financial performance, growth, and risk management at the executive level.Enterprise cash and capital management — lead policy development for overseeing all financial instrument flows across a large institution, ensuring capital adequacy and liquidity resilience.Multi-site or multi-department leadership — direct the activities of managers across branches, offices, or divisions, driving alignment with corporate financial and operational goals.Talent acquisition and workforce strategy — establish institution-wide recruitment frameworks, succession plans, and hiring standards that attract top financial management professionals.Enterprise budget governance — champion organization-wide budgeting processes, setting resource allocation priorities based on integrated cost analysis and strategic objectives.Learning and development culture — sponsor and evaluate enterprise training programs, holding leadership accountable for staff capability growth and regulatory readiness across the institution.Executive stakeholder relationships — represent the organization to major clients, regulators, investors, and partners, using persuasion and social perceptiveness to advance institutional interests.Organizational risk and compliance framework — define and enforce integrity-centered governance structures that protect the institution from financial, legal, and reputational exposure.Technology and data infrastructure strategy — lead adoption of next-generation financial analysis, CRM, and enterprise management platforms to drive competitive advantage at scale.Mentorship and leadership development — cultivate the next generation of financial managers by modeling achievement orientation, cautiousness, and ethical decision-making across the organization.
Also known as
67 alternate job titles map to this occupation.
Credit and Collection ManagerFinancial Reporting ManagerAsset ManagerRisk and Insurance ManagerFinancial Institution Branch ManagerInvestment ManagerBanking SupervisorForeign-Exchange DealerComptrollerAuto Finance Manager (Automotive Finance Manager)Banking Branch ManagerFinancial OfficerActuarial ManagerCredit ManagerAuditing ManagerAccounts ManagerAccounts Payable ManagerBranch ManagerFactorFiscal ManagerFinancial Center ManagerCost Accounting ManagerFinancial Planning and Analysis ManagerOperations OfficerRisk Management DirectorBank Branch ManagerReimbursement DirectorBudget ManagerBank ManagerAccounts SupervisorFinancial Systems ManagerAccounting ManagerPaymasterCredit Union ManagerFinancial ManagerFinancial Institution ManagerTax DirectorFinancial Planning ManagerTrust OfficerDistrict Branch Manager