Unit Group

0013 Senior Managers – Financial, Communications and Other Business Services

Senior managers in this unit group are usually appointed by a board of directors, to which they report. Working either alone or in conjunction with the board of directors, they develop and establish objectives for the company and develop or approve policies and programs. They plan, organize, direct, control and evaluate, through middle managers, the operations of their organization in relation to established objectives.

Example Titles

bank president
chief executive officer (CEO) – telephone company
chief financial officer (CFO) – advertising agency
chief operating officer – engineering firm
executive director, credit union
executive vice-president, real estate agency
general manager, real estate management company
president and chief executive officer
president, advertising agency
president, computing service company
regional vice-president, trust company
vice-president, human resources – bank
vice-president, marketing – clerical staff services
vice-president, operations – satellite communication services

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Main duties

Senior managers in this unit group perform some or all of the following duties:

• Determine the company's mission and strategic direction as conveyed through policies and concrete objectives which are met through the effective management of human, financial and material resources
• Authorize and organize the establishment of major departments and associated senior staff positions
• Allocate material, human and financial resources to implement organizational policies and programs; establish financial and administrative controls; formulate and approve promotional campaigns; and approve overall human resources planning
• Select middle managers, directors or other executive staff; delegate the necessary authority to them and create optimum working conditions
• Represent the organization or delegate representatives to act on behalf of the organization in negotiations or other official functions.
• Senior managers in this unit group may specialize in areas such as finance, marketing or human resources or in a particular service area.

Employment requirements

• A university degree in business administration, commerce, computer science or other discipline related to the service provided is usually required.

• Several years of experience as a middle manager in financial, communications or other business services are usually required.

• Specialization in a particular functional area or service is possible through specific university training in that area or through previous experience.

• Senior managers in finance usually require a professional accounting designation.

Additional information

• The boundaries of this unit group are defined by the North American Industry Classification System (NAICS). Included are senior managers in the following industries: communications, finance and insurance, real estate and business services.

Classified elsewhere

• Related middle managers are classified in the following minor groups: (in 013 Managers in Communication (Except Broadcasting))
• Managers in Communication (Except Broadcasting) (013)
• Managers in Engineering, Architecture, Science and Information Systems (021)
• Managers in Financial and Business Services (012)