Financial Services

Financial ServicesFinancial Services 



Division of Business

Almost every firm, government agency, and other type of organization has one or more financial managers. Financial managers oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop strategies and implement the long-term goals of their organization.

The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, risk and insurance manager, and manager of international banking.

Controllers direct the preparation of financial reports, such as income statements, balance sheets, and analyses of future earnings or expenses, that summarize and forecast the organization’s financial position. Credit managers oversee the firm’s issuance of credit, establishing credit-rating criteria, determining credit ceilings, and monitoring the collections of past-due accounts.

Cash managers monitor and control the flow of cash receipts and disbursements to meet the business and investment needs of the firm. Risk and insurance managers oversee programs to minimize risks and losses that might arise from financial transactions and business operations. They also manage the organization’s insurance budget. Financial institutions-such as commercial banks, savings and loan associations, credit unions, and mortgage and finance companies employ additional financial managers who oversee various functions, such as lending, trusts, mortgages, and investments, or programs, including sales, operations, or electronic financial services.

Branch managers of financial institutions administer and manage all of the functions of a branch office. Job duties may include hiring personnel, approving loans and lines of credit, establishing a rapport with the community to attract business, and assisting customers with account problems.

Educational Opportunities in Financial Services

Associate of Applied Science
LCCC’s financial services program provides the opportunity to learn bank operations, money and banking, home mortgage lending and installment credit and management skills.

Graduates of this program are qualified for positions in banks, investment and brokerage houses, financial institutions and more.

Related Educational Opportunities

Related Opportunities in Financial Services through LCCC’s University Partnership

Kent State University
Bachelor of Business Administration—Business Management
Kent State University’s (KSU’S) business administration (major in business management) degree provides students with credentials that are important to getting that first job in business as an entry-level manager or manager trainee. The program is designed so that approximately three years of this partnership is LCCC coursework and the final year (33 semester hours) is KSU’S coursework. KSU faculty either in person or via distance learning teaches KSU courses. Students can complete the business degree with a business management major in its entirety on LCCC’s campus.

International Business Minor Option
Global business is fast becoming an important part of the U.S. economy. The world that college graduates are facing will essentially be a triad of powers (the United States and, perhaps, Canada and Latin America; Europe; and Japan and its Asian neighbors) and a “borderless” world. This suggests a need to be trained for employment that will have international implications. Whether the student takes a major in business, fashion design and merchandising, the hard sciences, English or education, some training in global outreach, cultural diversity, and “business cultures” will be necessary.

Master of Business Administration (PMBA)
The mission of the Kent State MBA program is to prepare students for management and staff positions in regional, national, and international organizations through an emphasis on ethical leadership, teamwork, creative problem solving, global perspectives, and skilled applications of information technology.

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Please note that campus service hours have been adjusted for spring semester. For a list of updated service hours, please visit www.lorainccc.edu/hours

Expect Traffic Delays

Road construction on Abbe Road north of LCCC will resume Monday, April 7. Please expect delays when traveling north from LCCC towards Detroit Road.  
      
Click here for updates and alternate travel routes.

Level Up 2014 Digital Game Development Conference

LCCC will host Level Up 2014 @ LCCC for anyone interested in turning their gaming interest or hobby into a career. 

Friday, May 2
9 a.m to 1 p.m.
Lorain County Community College
Learn more at www.lorainccc.edu/levelup.

1098-T Tax Forms

Students will begin receiving 1098-T tax forms via postal mail in the next several days. Click here for more information about the 1098-T forms.

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Lorain County WIN

LCCC and the JVS have launched Lorain County WIN (Workforce Innovation Network), a new partnership providing workforce training to Lorain County. Learn more at www.loraincountywins.com.

Mental Health Online Screenings

The Lorain County Board of Mental Health offers a free online screening tool for mental health disorders.

Click here to learn more.