A good Director of Finance is resilient, honest and has integrity since they oversee a companys financial success. In addition, they typically supervise a Financial Manager and coordinate a team of Accountants. Personal commitment to the values of Urban Growers Collective and building a more sustainable, equitable Chicago. We are looking for an experienced Director of Finance (Finance Director) to oversee all financial aspects of business and drive the companys financial strategy and planning. Some Financial Directors may have a bachelors degree with extensive training and a proven track record of success in finance or business. Others work for government entities as a City Financial Director overseeing expenses and city program funding for community members. Contribute fully to the development of company strategy across all areas of the business, challenging assumptions and decision-making as appropriate and providing financial analysis and guidance on all activities, plans, targets and business driv. Ensures Company accounting procedures conform to generally accepted accounting principles. Hire faster with 1,000+ templates like job descriptions, interview questions and more. Directors of Finance are often making decisions that impact the companys financial standings, so they should have strong strategic and critical thinking abilities. This Director of Financejob description template is optimized for posting on online job boards or careers pages and easy to customize for your company. At least [number] years in banking, investing, or accounting is required. Join our FD & CFO Careers Forum Group on LinkedIn. In periods of change and growth an effective Finance Director is critical, coordinating corporate finance, managing company and compliance requirements. Please enable Strictly Necessary Cookies first so that we can save your preferences! The role serves as key financial advisor and business partner to the commercial and operational business teams providing both financial and business guidance. Commitment to excellence in all communication to stakeholders at all levels. Work closely and transparently with all external partners including third-party vendors and consultants. This means that every time you visit this website you will need to enable or disable cookies again. For example, you may want to include the following: [Call to Action] The most effective financial director job postings include a call to action. post to our site. We are seeking a dynamic finance director with a proven track record of success to manage and direct all company finances. Employee mental health is a top priority in 2022. Build a Director of Finance Job Description, Make sound investment decisions to increase a companys portfolio, Prepare and outline complex models into simple terms that others can work with, Monitor the performance of investments including creating reports using business software, Analyze trends to reduce financial risks associated with making investment or spending decisions, Have a strong understanding of fiscal policy and investment regulations, Create usable budgets for the business, including evaluating the needs of each department in the long term, Offer advice to the CFO and CEO regarding spending and budget questions, Hire and oversee leaders in the finance and accounting departments, including giving directions and delivering periodical evaluations, Analyze and present accurate financial data for multiple audiences in a timely manner, collating financial reporting materials for different stakeholders and clearly communicating to all different segments of the organization. Directors of Finance work on a companys executive team to build and deliver financial policies and strategies that improve the business financial status. A Finance Director will be expected to perform any of the following tasks: Please see our video below for an overview of what should be included in a finance director job description: Require assistance in securing a high calibre FD? Oversees all operational accounting aspects, including accounts payable, general ledger, and financial reporting. Their main duties include building revenue reports, distributing calculated funds to various departments and implementing company financial policies. Take overall control of the companys accounting function. Ensure proper revenue recognition and accounting in accordance with GAAP.

The team has the information to create new project budgets based on excellent guidance from the finance team. Patents No. Establish and manage a comprehensive training program to educate employees regarding staff tools, policies, and procedures. The key to finding someone who will excel in this pivotal role is to write a job description that attracts financial directors with the skills and experience you need. Please review our Terms of Use and Job Posting Rules for further information. A Director of Finance is a professional who is charged with ensuring the stability of a company's finances. They are strategic thinkers and effective leaders who can make the most profitable decisions. A great Director of Fiance should be skilled at and well-versed in financial subjects and building budgets for companies, so experience working in accounting-related fields is often preferred. Now that you have customized your job description, you need to circulate it to talented financial directors. The Director of Finance and Administration will be a strategic thought-partner, and report to the executive director (ED). Effectively communicate and present the critical financial matters to the board of directors. Download complete finance director job description editable template (MS Word). Duties and responsibilities include: Post a job in minutes and start receiving quality resumes as soon as today. The position reports directly to the Executive Director and has the responsibility of overseeing and coordinating all accounting functions, creating accurate and timely financial reports, working directly with other staff members to create efficient systems and processes, and helping to create and deliver on companys strategic plan. For example, you might be looking for a finance director who: [Work Hours and Benefits] Use this section of your finance director job description to specify whether you need a full-time or part-time finance director and whether it is a contract or permanent position. If your finance and accounting team members are taxed, you will likely want to make a thoughtful hire quickly. Update and implement all necessary business policies and accounting practices; improve the finance departments overall policy and procedure manual. Develops strong working relationships with colleagues across departments and seniority levels. Supervises accounting staff. They should also possess great analytical abilities, since they regularly work with data and statistics to develop effective financial strategies. Directors of Finance analyze the financial performance of the company and build reports for the executive team to review and provide feedback. Keeping this cookie enabled helps us to improve our website.

Though not required, a Director of Finance could have certain financial certifications, like Financial Risk Manager or Chartered Financial Analyst. Start a free Workable trial and post your ad on the most popular Stand out from your competitors by noting your company history, press mentions, accolades, and revenue (if applicable). Certified Public Accountants (CPAs) and Chartered Financial Analysts (CFAs) are preferred. The role will entail spearheading a range of organizational improvement initiatives and operational best practices to maximize. Many of them work in the business industry, conducting their work in an office environment, helping departments maintain budgets that help them operate efficiently in a business-to-business sales setting, while still maintaining a strong profit.

These include human resources, information technology, legal, and facilitiesand even building relationships with program recipients. A Director of Finance should have at least five years of experience, though eight to 10 years is a more common requirement. The Director Of Finance is responsible for all long-range financial matters and to establish company-wide financial and administrative objectives, policies, programs, and practices, which ensure the company of a continuously sound financial structure. Learn from 1,300 workers what that looks like for them. Job Description for a Finance Director detailing responsibilities and duties for a typical FD role. They assess financial markets and identify solutions to any issues that may arise, all while preparing reports for management on the companys financial status to make important decisions about future investments or budgets accordingly. A Director of Finance makes high-level decisions regarding a businesss health, leaving details for the finance and accounting departments. Many Financial Directors have experience as financial analysts or business analysts before moving into managerial positions in the same field. Working alongside a business MD or CEO, the Finance Director will not only be an exceptional accountant and hands-on with company finances but will also be commercially aware, advising on the best path of growth for the business. The Director Of Finance will work closely with the owner and management team to provide leadership and direction for the companys financial activity. Provide leadership to the Boards Finance and Accounting strategy, to optimise the companys financial performance and strategic position. SAP), An analytical mind with a strategic ability, Excellent organizational and leadership skills, Outstanding communication and interpersonal abilities, BSc/BA in accounting, finance or relevant field; MSc/MA is a plus, CPA or other relevant qualification is a plus, Dive into our new report on mental health at work, Finance Manager interview questions andanswers, Financial Controller interview questions andanswers, Financial Specialist interview questions andanswers. The Director of Finance and Administration will play a critical role in partnering with the senior leadership team in strategic decision making and operations as XYZ Nonprofit continues to enhance its quality programming and build capacity. Dive into our new report on mental health at work. This template is provided for informational purposes only. For employerslooking to fill a Financial Director vacancy, the following sample position description can help you to attract the best candidates for the role.

Manage accounts payable, accounts receivable, billing, and bank activities, organizational cash flow, and forecasting. U.S. Reporting to the Chief Executive Officer/Managing Director (CEO) or Chief Operations Officer (COO), the Financial Director is accountable for accurate reporting of financial results and managing the companys financial affairs. If you disable this cookie, we will not be able to save your preferences. Each sample job description is intended to be a jumping off point, and likely will need to be tailored to meet the particular needs of your organization. Sometimes the Accounting Manager may report to them, depending on the company. The Director Of Finance is responsible for providing financial, administrative and accounting services. Directors of Finance develop strategies to assess, manage and minimize any potential financial risks. Here are some qualities they should possess: A Director of Finance makes an average of $108,499 per year. Learn more: Finance Director Job Description Sample Template, ZipRecruiter, Inc. 2022 All Rights Reserved Worldwide, Direct and monitor all financial activity of the organization, Outline and implement company-wide budget plans, Prepare company financial statements monthly and annually, as needed, Oversee all accounting work and set up internal and external audits to ensure the accuracy of information, Use data analysis to strategically forecast financial trends, Work with and advise the investment team on solid financial decision making to increase profits and minimize losses, Provide strategic financial planning advice to upper management for long-term growth, Establish internal work processes for financial department (including accounting and billing) and monitor their progress, Maintain and manage investor client relationships, Analyze and interpret financial data and present the information with reports and presentations to the board of directors and executive director, Manage cash from any outside grants or funding, Stay abreast of current market trends and patterns and act accordingly, Asses company spendings and work to reduce costs, Manage the finance department, training any new employees as necessary, Have a clear understanding of and adhere to current laws and regulations, Minimum of Bachelor's degree in Business Management, Finance, Accounting, or related field, 5+ years experience in a senior finance position, Proficiency in Microsoft Suite and other business software, Extremely knowledgeable in financial forecasting, accounting principles, and financial data analysis, Strong interpersonal skills with the propensity to successfully foster new and maintain long-standing business relationships, Excellent communication skills, both orally and written; skilled in the art of negotiation, Ability to multitask, prioritize and delegate responsibilities in an effective and efficient manner, Outstanding integrity, solid moral judgment, and the ability to make important decisions under pressure, Expert problem solver, analytical thinker, and decision-maker, Possess strong leadership skills and business acumen. Learn from 1,300 workers what that looks like for them. Manage annual audits as liaison with external accountants. The Director of Finance essentially reports to the CFO to ensure the companys departmental budgets and other financial assets are in great standing. This work is licensed under a Creative Commons Attribution 4.0 International License. Build efficient systems for financial data to be shared with relevant staff members for grants accounting, development reconciliation, etc. A history of developing effective teams and influencing others toward shared goals and outcomes. Prepares monthly, quarterly, and annual financial reports. They should have experience in finance and business. LOOKING TO HIRE OR READY FOR A NEW ACCOUNTING JOB? Salary may depend on level of experience, education and the geographical location. Make sure to add requirements, benefits, and perks specific to the role and your company. Coordinate and lead the annual audit process, liaise with external auditors and the finance committee of the board of directors; assess any changes necessary. 7,599,930 B1; 7,827,125 and 7,836,060. We are seeking a Director Of Finance for our operations. They also research and review the companys statistics to make forecasts and projections that help them build more comprehensive budgets. Implement a robust contracts management and financial management/ reporting system; ensure that the contract billing and collection schedule is adhered to and that financial data and cash flow are steady and support operational requirements. They establish strategies that will earn profits, oversee accounting operations, produce accurate reports on where money is going within the business and improve or change current practices to increase efficiency.

Direct the accounting and related support departments necessary to maintain proper controls. This includes monthly financial reporting, budgeting and forecasting, 5 year financial plans and all statutory financial reporting, Providing sound financial support and insights to enable the ELT to make critical business decisions, Presentation of financial results and insights to the Board, Play a key role in the formulation of the business's strategy, Managingand overseeing the taxation affairs of the organisation and liaisingwith the external tax firm for specialist advice, Managingand overseeing the cash flow of the company and ensuringit has the appropriate treasury controls, Managinghedging andforeign currencies (if relevant), Managingthe External Auditor relationship and ensuringthe organisation is compliant with accounting standards, Managingand overseeingthe company's banking and borrowing arrangements, Managingrelationships with Investors (where applicable), Managingand overseeing the companys financial systems, Presenting results to non-finance people to understand, Recruitment, training, mentoring and development of staff. Please fill in your details and we will be in touch shortly.

Strong mathematical and analytical skills. Experience optimizing and utilizing Quickbooks Online and Microsoft Office and technology savvy with experience selecting and overseeing software installations. Analyze and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements; collate financial reporting materials for all donor segments, and oversee all financial, project/program and grants accounting. Ensure that recruiting processes are consistent and streamlined. Directors of Finance usually hold similar responsibilities in any industry they work in. Form a close working relationship with the Managing Director, other Senior Executives and Non Executives. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Basic familiarity with Google Workspace & GSuite, and/or willingness to learn; 7-10 years of professional experience required, accounting experience preferred. Invite interested candidates to apply and include any necessary instructions. The Director Of Finance works with the Executive Director on the strategic vision including fostering and cultivating stakeholder relationships on city, state, and federal levels, as well as assisting in the development and negotiation of contracts. Our latest articles, reports, and other publications, Explore our extensive catalog of articles, reports, and videos, Key ideas we believe have high potential for impact, Leading voices from inside and outside Bridgespan, Get our latest insights delivered to your inbox, Browse past issues of our Knowledge Letter and Leaders Matter newsletters, Video interviews with dozens of the world's most thoughtful donors, Learn about our frequent free webinars on a variety of nonprofit and philanthropic topics. Please note that we are not your recruiting or legal advisor, we are not responsible for the content of your job descriptions, and none of the information provided herein guarantees performance. Leadership experience is also valuable. Americas: +1 857 990 9675 Your privacy is our priority. Providing these services in an effective and efficient manner will ensure that municipal finances are accurate and up to date, that staff is reimbursed for expenses in a timely and appropriate manner and vendors and suppliers are paid within established time limits. Call us now on(02) 8324 5640or complete your details below and one of our expert Recruitment Partners will be in touch. Work with senior teams to grow the businesses formulating strategies and plans, Overall cash management on an ongoing basis, Formulation of annual budgets and targets, Overall control of all financial transactions and accountancy matters, including audit systems, Preparation and submission of weekly and monthly updates, Presentation of annual accounts with recommendations, Review of accounts and investigation of variances then setting recovery plans, Capital expenditure - evaluation and preparation of submissions, Close involvement in commercial negotiations with customers, Ensuring that the regulatory requirements of all statutory bodies are met, Fully qualified Accountant with experience of a senior financial role, Exceptional communication skills at all levels, Strong IT skills, able to embrace new technologies, Ability to handle high levels of pressure and critical decision making. Driving the financial planning of the company by analyzing its performance and risks, Retaining constant awareness of the companys financial position and acting to prevent problems, Setting up and overseeing the companys finance IT system, Drive the financial planning of the company by analyzing its performance and risks, Retain constant awareness of the companys financial position and act to prevent problems, Set up and oversee the companys finance IT system, Set targets for and supervise all accounting and finance personnel (management accountants, internal auditors etc. Required: COVID-19 Vaccination or approved medical/religious exemption with mandatory weekly testing, Excellent mathematical and analysis skills, Ability to lead departments and individuals, Verbal and written communication skills to create reports and present them to others, Knowledge of analysis and financial software, Strong creative skills to develop new and innovative solutions, Ability to create and deliver unbiased budget expectations for different departments. Download all 10 Director Of Finance Job Descriptions, We use cookies to offer you our service. All content copyrighted Richard Lloyd All rights reserved Implement a robust contracts and grants management reporting system, ensuring all reporting requirements are met. You will be responsible for assessing the financial performance of the company as well as possible risks and investments. Need help writing a job description for a specific role? They oversee all the financial operations within each department to ensure theyre spending within the budget and following the financial policies laid out by the Director of Finance. Often managing and leading a team through difficult periods including month end, year end and annual budgeting, a Finance Director would have excellent communication skills with all levels of staff, often having to work with various departments to help them plan and manage their own budgets.