Professional Occupations in Business Management Consulting (1122)

Last Updated on April 27, 2015

Professional occupations in business management consulting (1122)

Nature of Work:

This unit group includes those who provide services to management such as analyzing the structure, operations, managerial methods or functions of an organization in order to propose, plan and implement improvements. They are employed by management consulting firms and throughout the public and private sectors or are self-employed.

Management Consultants perform some or all of the following duties:

• Analyze and provide advice on the managerial methods and organization of a public or private sector establishment,
• Conduct research to determine efficiency and effectiveness of managerial policies and programs,
• Conduct assessments and propose improvements to methods, systems and procedures in areas such as operations, human resources, records management and communications,
• Conduct quality audits and develop quality management and quality assurance standards for ISO (International Organization for Standardization) registration,
• Plan the reorganization of the operations of an establishment,
• May supervise contracted researchers or clerical staff.

Business Development officers and Marketing Researchers and Consultants (4163) perform some or all of the following duties:

• Develop policies and administer programs to promote industrial and commercial business investment in urban and rural areas,
• Design market research questionnaires,
• Conduct social or economic surveys on local, regional or national areas to assess development potential and future trends,
• Plan development projects and co-ordinate activities with representatives of a wide variety of industrial and commercial enterprises, community and business associations and government agencies,
• Assess business opportunities and develop strategies to attract venture capital,
• Respond to enquiries from members of the business community and general public concerning development opportunities,
• Review and evaluate commercial or industrial development proposals and provide advice on procedures and requirements for government approval,
• Conduct surveys and analyze data on the buying habits and preferences of wholesale or retail consumers,
• Evaluate customer service and store environments,
• Conduct comparative research on marketing strategies for industrial and commercial products,
• Develop social and economic profiles of urban and rural areas to encourage industrial and commercial investment and development,
• Prepare reports, research papers, educational texts or articles,
• Plan and develop E-commerce strategies,
• Provide consultation on planning and starting of new businesses.

Economists and Economic Policy Researchers and Analysts (4162) perform some or all of the following duties:

• Conduct research and develop models to analyze, explain and forecast economic behaviour and patterns, and devise methods for collection and analysis of data,
• Forecast production and consumption of specific products and services based on records of past production and consumption and general economic and industry-specific conditions,
• Prepare forecasts of income and expenditure, interest rates and exchange rates,
• Analyze factors which determine economic growth and advise government agencies on policies to increase economic activities,
• Analyze factors which determine labour force participation, employment, wages, unemployment and other labour market outcomes,
• Study mathematical formulae and statistical techniques and apply them to the testing and quantifying of economic theories and the solution of economic problems,
• Study the nature of money, credit and the operation of banks and other financial institutions to develop monetary policies and forecasts of financial activity,
•  Monitor economic data to assess the effectiveness, and advise on the appropriateness, of monetary and fiscal policies,
• Examine problems related to the economic activity of individual companies,
• Examine financial methods, production costs and techniques and marketing policies to recommend possible improvements,
• Examine statistical data on the exchange of goods and services among nations,
• Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources,
• Conduct research on market conditions in local, regional or national area to set sales and pricing levels for goods and services, to assess market potential and future trends and to develop business strategies,
• Monitor regional and local economic trends,
• Study regulatory processes and provide material in support of legal proceedings with government and other parties.

Financial Analysts  (1112.1) perform some or all of the following duties:

• Evaluate financial risk, prepare financial forecasts, financing scenarios and other documents concerning capital management, and write reports and recommendations,
• Plan short- and long-term cash flows and assess financial performance,
• Analyze investment projects,
• Advise on and participate in the financial aspects of contracts and calls for tender,
• Follow up on financing projects with financial backers,
• Develop, implement and use tools for managing and analyzing financial portfolio,
• Prepare a regular risk profile for debt portfolios,
• Assist in preparing operating and investment budgets.

Investment Analysts (1112.2) perform some or all of the following duties:

• Collect financial and investment information about companies, stocks, bonds and other investments using daily stock and bond reports, economic forecasts, trading volumes, financial periodicals, securities manuals, company financial statements and other financial reports and publications,
• Examine and analyze financial and investment information collected, including profiles of companies, stock and bond prices, yields and future trends and other investment information,
• Provide investment advice and recommendations to clients, senior company officials, pension fund managers, securities agents and associates,
• Prepare company, industry and economic outlooks, analytical reports, briefing notes and correspondence.

Financial Auditors (1111.1) perform some or all of the following duties:

• Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of individuals, departments within organizations, businesses or other establishments to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls,
• Prepare detailed reports on audit findings and make recommendations to improve individual or establishment’s accounting and management practices,
• Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other statutory requirements,
• May supervise other auditors or professionals in charge of accounting within client’s establishment.

Accountants (1111.2)  perform some or all of the following duties:

• Plan, set up and administer accounting systems and prepare financial information for individuals, departments within organizations, businesses and other establishments,
• Examine accounting records and prepare financial statements and reports,
• Develop and maintain cost finding, reporting and internal control procedures,
• Examine financial accounts and records and prepare income tax returns from accounting records,
• Analyze financial statements and reports and provide financial, business and tax advice,
• May act as a trustee in bankruptcy proceedings,
• May supervise and train articling students, other accountants or administrative technicians.

Health Information Management Technicians and related workers (1252) perform some or all of the following duties:

• Classify and code diseases according to an established classification system,
• Collect, code, cross-reference and store health records and related information,
• Abstract, assemble and analyze clinical data and related demographic information from health records according to established policies and procedures,
• Operate information systems to maintain indexes for classification systems and to manage and retrieve health records information,
• Prepare medical, social and administrative statistics,
• May supervise other health information management technicians and related workers.

Industrial and Manufacturing Engineers (2141) perform some or all of the following duties:

• Plan and design plant layouts and facilities,
• Study new machinery and facilities and recommend or select efficient combinations,
• Develop flexible or integrated manufacturing systems and procedures,
• Conduct studies and implement programs to determine optimum inventory levels for production and to allow optimum utilization of machinery, materials and resources,
• Analyze costs of production,
• Design, develop and conduct time studies and work simplification programs,
• Determine human resource and skill requirements and develop training programs,
• Develop performance standards, evaluation systems and wage and incentive programs,
• Conduct studies of the reliability and performance of plant facilities and production or administrative systems,
• Develop maintenance standards, schedules and programs,
• Establish programs and conduct studies to enhance industrial health and safety or to identify and correct fire and other hazards,
• Evaluate or assess industrial facilities,
• Supervise technicians, technologists, analysts, administrative staff and other engineers.

The following is a summary of main duties for some occupations in this unit group under other financial officers (1114) :

• Financial planners develop personal financial plans for clients covering cash management, finances, insurance coverage, investments, retirement and estate planning, taxes and legal matters; analyze clients’ financial records, set goals and develop a financial strategy; advise clients on implementing the financial plan to help them achieve their goals; may also arrange for the purchase and sale of financial products and investments depending on the licence held, and monitor the portfolio to ensure its quality and profitability; and help to expand business and attract new clients.
• Financial examiners and inspectors review and examine banks, trust companies, credit unions, caisses populaires, credit companies, real estate companies, insurance companies, pension funds, securities brokers and other financial services and institutions to ensure compliance with governing legislation and regulations.
• Financial investigators investigate possible unethical conduct or breaches of securities or commodity futures laws by persons or companies that trade in securities and commodity futures or that provide related financial services.
• Financial underwriters underwrite new issues of stocks and bonds, negotiate with corporations and governments to determine the type and terms of new securities issued and prepare offering prospectuses.
• Trust officers administer estate, personal, charitable, corporate and other types of trusts, direct trust account investments, receive and record investment income and disburse trust funds.
• Mortgage brokers meet with clients to obtain information about income, liabilities and assets, and type, price and condition of property to be mortgaged, and negotiate mortgage loans with lenders or lending institutions on behalf of clients.

Individuals who perform the majority of the above job description may be eligible for consideration under Quebec Immigration rules.

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