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FINANCIAL MANAGERS

Occupation Description:

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Excludes �Financial Risk Specialists� (13-2054).

Career Video:

Financial Managers

Specialized Occupations:

Treasurers and Controllers (ONET code: 11-3031.01)


	Occupation Description:

	Direct financial activities, such as planning, procurement, and investments for all or part of an organization.


	Typical Tasks:

	Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations. Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments. Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities. Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met. Receive, record, and authorize requests for disbursements in accordance with company policies and procedures. Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting. Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.


	Knowledge:

	Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.. English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.. 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.. Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.. 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.. 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.. Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process..

Investment Fund Managers (ONET code: 11-3031.03)

Typical Tasks:

Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
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.
Oversee training programs.

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Education & Training:

Work experience, plus a bachelor's or higher degree

View Related Programs on Connecticut's Education & Training ConneCTion site

Wage Information:

Region	Average Annual	Average Hourly	Entry Level (hourly)	Mid-Range (hourly)
Statewide	$182,676.00	$87.82	$50.00	$60.10 - $105.70
Bridgeport/Stamford	$205,989.00	$99.04	$53.46	$65.12 - *****
Danbury	$162,087.00	$77.93	$43.63	$51.91 - $91.03
Hartford	$175,424.00	$84.34	$53.49	$63.18 - $101.99
New Haven	$165,160.00	$79.40	$44.18	$51.63 - $94.66
New London/Norwich	$152,991.00	$73.56	$41.45	$48.09 - $84.21
Waterbury	$145,206.00	$69.81	$38.94	$46.23 - $82.61
Torrington	$139,563.00	$67.10	$40.50	$45.20 - $77.64

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Select a town to see its region highlighted in the table above:

Occupation Outlook:

Region	Employment		Average Annual Growth Rate	Average Annual Job Openings
Region	2022	2032	Average Annual Growth Rate	Average Annual Job Openings
State of Connecticut	19,850	22,870	0.1%	1,723

Chart of Growth Rate and Annual Openings

Employment in this occupation is expected to grow more slowly than average, and the number of annual openings will offer limited job opportunities.

Key:

N/A = Not Applicable, ***** = Over $60.00 per hour, ##### = Over $124,821

Similar Occupations:

State of Connecticut Department of Labor - Office of Research, 200 Folly Brook Boulevard, Wethersfield, CT 06109