ALLOCATION STATEMENT - DMS
OCCUPATION PROFILE
JOB FAMILY: BUSINESS AND FINANCE
OCCUPATIONAL GROUP: FINANCE
OCCUPATION: PERSONAL FINANCIAL ADVISORS
13-2052
BROADBAND LEVELS: Level 1 – Pay Band 004
Level 2 – Pay Band 006
DESCRIPTION
This is work advising clients on financial services or employee benefit programs. Duties may include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives to establish investment strategies.
EXAMPLES OF WORK
Determines the eligibility of members for withdrawal from deferred compensation accounts.
Audits individual account balances and resolves discrepancies.
Calculates benefit payment of individual deferred compensation accounts to retirees by lump sum surrender or annuity.
Calculates benefit payment of individual deferred compensation accounts to beneficiaries.
Counsels with deferred compensation participants in preparation of benefit receipt due to retirement or termination of employment.
Counsels with potential deferred compensation participants regarding plan benefits, restrictions and investment designation.
Establishes payment priorities to plan payoff method and estimate time for debt liquidation.
Explains to individuals and groups financial assistance available to college and university students, such as loans, grants, and scholarships.
Calculates amount of debt and funds available.
Interviews clients to obtain information and compares data on clients’ applications with eligibility requirements to determine eligibility for assistance program.
Determines amount of aid to be granted, considering such factors as funds available, extent of demand, and needs of client.
Contacts creditors to arrange for payment adjustments so that payments are feasible for client and agreeable to creditors.
Opens account for client and disburses funds from account to creditors as agent for client.
Prepares required records and reports.
Authorizes release of funds to clients.
Assists in selection of candidates for specific financial awards or aid.
EXAMPLES OF JOB CHARACTERISTICS
|Communicating With Persons Outside of The Organization |Communicating with persons outside the organization, representing the |
| |organization to customers, the public, government, and other external |
| |sources. This information can be exchanged face-to-face, in writing, or via|
| |telephone/electronic transfer. |
|Getting Information Needed to Do the Job |Observing, receiving, and otherwise obtaining information from all relevant|
| |sources. |
|Processing Information |Compiling, coding, categorizing, calculating, tabulating, auditing, |
| |verifying, or processing information or data. |
|Analyzing Data or Information |Identifying underlying principles, reasons, or facts by breaking down |
| |information or data into separate parts. |
|Provide Consultation and Advice to Others |Providing consultation and expert advice to management or other groups on |
| |technical, systems-related, or process related topics. |
|Documenting/Recording Information |Entering, transcribing, recording, storing, or maintaining information in |
| |either written form or by electronic/magnetic recording. |
|Identifying Objects, Actions, and Events |Identifying information received by making estimates or categorizations, |
| |recognizing differences or similarities, or sensing changes in |
| |circumstances or events. |
|Making Decisions and Solving Problems |Combining, evaluating, and reasoning with information and data to make |
| |decisions and solve problems. These processes involve making decisions |
| |about the relative importance of information and choosing the best |
| |solution. |
|Assisting and Caring for Others |Providing assistance or personal care to others. |
|Establishing and Maintaining Relationships |Developing constructive and cooperative working relationships with others. |
EXAMPLES OF KNOWLEDGE, SKILLS AND ABILITIES
|Active Listening |Listening to what other people are saying and asking questions as |
| |appropriate |
|Speaking |Talking to others to effectively convey information |
|Mathematics |Using mathematics to solve problems |
|Service Orientation |Actively looking for ways to help people |
|Judgment and Decision Making |Weighing the relative costs and benefits of a potential action |
|Information Gathering |Knowing how to find information and identifying essential information |
|Problem Identification |Identifying the nature of problems |
|Writing |Communicating effectively with others in writing as indicated by the needs |
| |of the audience |
|Reading Comprehension |Understanding written sentences and paragraphs in work related documents |
|Critical Thinking |Using logic and analysis to identify the strengths and weaknesses of |
| |different approaches |
|Economics and Accounting |Knowledge of economic and accounting principles and practices, the |
| |financial markets, banking, and the analysis and reporting of financial |
| |data |
|Mathematics |Knowledge of numbers, their operations, and interrelationships including |
| |one or more of the following: arithmetic, algebra, geometry, calculus, |
| |statistics, and their applications |
LICENSURE, CERTIFICATION OR REGISTRATION REQUIREMENTS
EFFECTIVE: 07/01/2002
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