FINANCIAL MANAGER

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JOB DESCRIPTION

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

OTHER JOB TITLES

Banking Center Manager (BCM), Branch Manager, Credit Administration Manager, Financial Center Manager, Regional Manager, Service Center Manager

JOB TASKS

  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.

  • 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.

  • Recruit staff members.

  • Prepare operational or risk reports for management analysis.

  • Evaluate data pertaining to costs to plan budgets.

ANNUAL SALARY

  • Workers on average earn $64.51/hr. – $134,180 annual.
  • Projected Growth (2019-2029) Much faster than average (8% or higher)
  • Projected job openings (2019-2029) 59,600

REQUIRED EDUCATION

High school diploma/GED, Bachelor’s Degree

LOCAL CAREER SPOTLIGHT

ALEX RODRIGUEZ

Assistant Branch Manager

COMPANY DETAILS

Avidia Bank

Avidia Bank is a mutual community bank headquartered in Hudson, Massachusetts and founded in 2007.

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Growing up, I was always interested in money and would do small jobs after school, like snow shoveling. This experience helped me understand the value of a dollar, how you can buy more things of value by saving and piqued my interest in banking in the future. I attended high school at Montachusett Regional Vocational Technical School in Fitchburg, MA and after graduating, I went to Elms College where I received my bachelor’s degree with a double major in Business Management and Marketing and a minor in Sociology. When I am not learning more about my field, I am working in it. I am an Assistant Branch Manager at Avidia Bank in Framingham, MA. To get to where I am today, I started in the rental car industry where I moved up from entry-level position to an assistant manager which helped me gain key customer service and team building skills that I could directly apply to a career in banking. I landed my first banking role as a Relationship Manager, and my responsibility was to build customer relationships, enabling me to develop a deeper understanding of banking. From there, I moved into my current role as Assistant Manager which has helped me hone my leadership, communication, and collaboration skills. An attribute that has made me successful in this role is my drive to learn, and my ability to bring a team together around a vision Every day, I have the opportunity to help clients reach financial milestones. This could be from getting started with credit, buying their first car or home, or even bettering their financial management. Being able to make that kind of difference in someone’s life is what makes the role great. The biggest challenge that an Assistant Branch Manager faces is that that they are dealing with money which is a sensitive topic for most people. The Assistant Manager has to be able to build trust with their clients so that clients are able to discuss about their financial situations openly. If the Assistant Manager is able to establish trust with clients, then the Manager will be in a better position to help clients. In the future, I hope to reach a senior leadership position that gives me the ability to directly influence business decisions.

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RESOURCES

O*NET ONLINE

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OCCUPATIONAL OUTLOOK HANDBOOK

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