A Financial Manager directs and coordinates 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.

The Financial Manager primary objectives are:

• The Financial Manager’s primary objective is to direct and coordinate financial activities of the workers where he works.
• The Financial Manager is responsible to approve or reject lines of credit in commercial or real estate transactions.
• The Financial Manager is responsible to approve or reject lines of credit for personal loans.

The Financial Manager develops and analyzes information to assess the current and future financial status of firms. It is up to the Financial Manager to keep up with this analyzes in order to approve loans for any firm who wishes to increase their business or has a need to pay off occurred loans with their vendors. The Financial Manager establishes procedures for custody and control of assets, records, loan collateral, and securities, in order to ensure safekeeping. The Financial Manager evaluates data pertaining to costs in order to plan budgets. The Financial Manager evaluates financial reporting systems, accounting and collection procedures, and investment activities, and makes recommendations for changes to procedures, operating systems, budgets, and other financial control functions.

The Financial Manager usually networks within communities to find and attract new business. The Financial Manager oversees the flow of cash and financial instruments. The Financial Manager plans, directs and coordinate risk and insurance programs of establishments to control risks and losses. The Financial Manager plans, directs and coordinates the activities of workers in branches, offices, or departments of such establishments as branch banks, brokerage firms, risk and insurance departments, or credit departments. The Financial Manager prepares financial and regulatory reports required by laws, regulations, and boards of directors. The Financial Manager prepares operational and risk reports for management analysis. The Financial Manager communicates with stockholders and other investors to provide information, and to raise capital. The Financial Manager analyzes and classifies risks and investments to determine their potential impacts on companies.

The Financial Manager directs floor operations of brokerage firms engaged in buying and selling securities at exchange. The Financial Manager can direct insurance negotiations, select insurance brokers and carriers and place insurance. The Financial Manager establishes and maintains relationships with individual and business customers, and provides assistance with problems these customers may encounter. The Financial Manager is responsible to examine, evaluate, and process loan applications for the business that he is working and for the client. The Financial Manager monitors order flow and transactions that a brokerage firm executes on the floor of the exchange. The Financial Manager recruits staff members, and oversees training programs for new employees as well as the staff at hand. The Financial Manager reviews collection reports to determine the status of collections and the amounts of outstanding balances. He also reviews reports of securities transactions and price lists in order to analyze market conditions. The Financial Manager is responsible for submitting delinquent accounts to attorneys or outside agencies for collections.

The Financial Manager should have knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. The Financial Manager needs a good 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. A good Financial Manager must have full knowledge of arithmetic including algebra, geometry, calculus, statistics, and their applications. The Financial Manager must have knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. Finally the Financial Manager must be fully aware of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. The Financial Manager must be well educated having a degree in accounting and business administration. Experience is usually required by most lending institutions so many Financial Managers work as an intern in order to get the credibility that is needed to do their job function. Since the Financial Manager is responsible for so many different aspects of business they must also posses good sound judgment and decision making techniques.