Finance Director

What is a finance director?

A company Finance Director manages the day-to-day operation of the finance team and helps to drive business success by providing the financial insights that lead to better commercial decisions. A Finance Director role blends strategy with operations, risk and compliance.

Finance director job description and responsibilities

The Finance Director is responsible for making sure the company meets financial and legal obligations. They create and maintain best practice reporting, procedures and policies, and support the business with risk and compliance.They act as the connection between the finance team and the CEO or CFO, helping to drive strategy and hit targets using their financial insight, while also overseeing the finance team as a whole.Typical daily duties include:Managing cash flowPreparing the monthly management accountsOverseeing reporting, forecasting and budgeting via the finance teamOffering support on tax, audit and riskManaging external relationships with banks, auditors, consultants etc.Developing financial and commercial strategyManagement of processes and controlsUtilisation of finance systems

Finance Director job qualifications, skills and experience

A strong academic background is preferred for this role, and employers will be looking for a bachelor’s degree (minimum) in one of the following subjects:FinanceAccountingBusinessMathematicsEngineeringFinance Directors should be qualified accountants (ACA, ACCA, CIMA) and should also have plenty of experience in dealing with commerciality, stakeholders and board members. It’s also helpful to have several years’ experience in a financial management role and experience with effective cost control. Good leadership skills are important, especially concerning the development of staff skills.Employers are looking for professionals with some of the following personal qualities:Group and team leadership skillsExcellent written and verbal communication skillsBusiness acumenTarget-drivenStrategic thinking

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3M
ADP - Financial Services
Accounting Functions
Accounting Software Systems
Auditing
Budget Processes
C-Suite
CapEx
Compliance
DCAA
Salary for Finance Director
84250 - 123500
25th Percentile
84250
Little or no prior experience in the position; still developing relevant skills. Demand: Low
50th Percentile
100000
Some prior experience in the position; has several relevant skills. Demand: Moderate
75th Percentile
123500
Extensive prior experience in the position; has mastered relevant skills. Demand: High
Projected salaries for related positions Position title 25th Percentile 50th Percentile 75th Percentile Chief Financial Officer 125000 170000 205000 Group Finance Director 110250 126500 140000 Shared Service Centre Director 77500 88000 100000 Group Financial Controller 76500 92250 127500 Financial Controller 67750 82000 90250 Finance Manager 53500 62000 66000 Group Accountant 54000 61500 66250 Qualified Management / Financial Accountant 49500 54000 58000 Director of Audit & Risk 87000 91750 105000 Internal Audit Manager 57500 65000 70000 Internal Auditor 50000 53250 58750 Treasury Manager 65250 72500 78000 Treasury Accountant 50000 54500 61500 Tax Manager 58500 71000 87500 Tax Accountant 50250 55000 61500

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