This occupation is part of the Management cluster
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About the Job
Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
It is also Called
- Bookkeeper
- Business Administrator
- Business Manager
- Chief Financial Officer (CFO)
- Chief Fiscal Officer (CFO)
- Chief School Finance Officer
- City Comptroller
- City Controller
- City Treasurer
- Comptroller
What They Do
- 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.
- Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
- Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
- Receive cash and checks and make deposits.
- Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns.
- Advise management on short-term and long-term financial objectives, policies, and actions.
- Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
- Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
- Develop and maintain relationships with banking, insurance, and nonorganizational accounting personnel to facilitate financial activities.
Interests
People who work in this occupation generally have the interest code: CE.
This means people who work in this occupation generally have Conventional interests, but also prefer Enterprising environments.
Work Values
People who work in this occupation generally prize Working Conditions, but also value Achievement and Independence in their jobs.
Things They Need to Know
- Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
- 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.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Things They Need to Be Able to Do
- Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Speaking - Talking to others to convey information effectively.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
- Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.
- 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.
Education Required
Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
Wages
In 2012, the average annual wage in Washington was $116,170.00 with most people making between $65,690.00 and $182,670.00
Outlook
During 2008, this occupation employed approximately 12,890 people in Washington. It is projected that there will be 13,520 employed in 2018.
This occupation will have about 63 openings due to growth and about 237 replacement openings for approximately 300 total annual openings.
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