Director of Finance job description
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What does a Director of Finance do?
The Director of Finance is responsible for overseeing the financial operations and strategy of the company. This role is crucial in ensuring financial stability, optimizing resource allocation, and supporting strategic decision-making to drive business growth.
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What are the Key Responsibilities of Director of Finance
- Develop and implement financial strategies to support organizational goals.
- Oversee budgeting, forecasting, and financial planning processes.
- Ensure compliance with accounting standards and regulations.
- Manage cash flow, investments, and risk management activities.
- Prepare detailed reports on financial performance for stakeholders.
- Lead the finance team in executing day-to-day operations efficiently.
- Collaborate with executive leadership on strategic initiatives.
What are the Skills and Requirements for a Director of Finance?
- Strong analytical skills with a deep understanding of corporate finance principles.
- Proficiency in financial software such as SAP or Oracle Financials.
- Excellent leadership and team management abilities.
- Effective communication skills for presenting complex data to stakeholders.
What are the KPIs to track for Director of Finance?
The Director of Finance's performance is evaluated based on accurate forecasting, budget adherence, cost reduction achievements, timely reporting accuracy, and contribution to strategic initiatives that enhance profitability and growth potential.
Budget Management
Maintain budgetary control within approved limits.
Financial Reporting Accuracy
Deliver precise monthly/quarterly/annual reports without errors.
Cost Efficiency
Achieve targeted cost savings through effective resource management.
Reports to
Chief Financial Officer (CFO)
Collaborates with
Executive Leadership Team; Department Heads; External Auditors
Leads
Finance Managers; Accountants
Are any specific tools or software required for the Director of Finance role?
- SAP
- Oracle Financials
- Microsoft Excel
What is the qualification of Director of Finance?
Master's degree in Finance or Accounting preferred; CPA or CFA certification required; 10+ years experience in senior finance roles including leadership positions.
