Job Role Description

Finance > Director of Finance

Salary National Average

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127480.0000 150280.0000 176330.0000

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Short Description:

A Director of Finance is a senior executive responsible for overseeing the financial operations of an organization. They manage budgeting, financial planning, forecasting, and reporting to ensure financial health and stability. By analyzing financial data and trends, the Director of Finance provides strategic recommendations to the executive team to support informed decision-making and long-term growth. This role requires strong leadership, analytical skills, and a deep understanding of financial management principles.

Duties / Responsibilities:

  • Accomplishes finance human resource strategies by determining accountabilities and enforcing values, policies, and procedures.
  • Implements recruitment, selection, orientation, training, coaching, counseling, disciplinary, and communication programs.
  • Develops finance strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction, establishing functional objectives aligned with organizational goals.
  • Establishes operational finance strategies by evaluating trends, establishing critical measurements, and determining production.
  • Oversee productivity, quality, and customer-service processes, design systems, accumulate resources, resolve problems, and implement change.
  • Develops organization prospects by studying economic trends and revenue opportunities, projecting acquisition and expansion prospects, analyzing organization operations, cost reduction, and systems enhancement.
  • Develops financial strategies by forecasting capital, facilities, and staff requirements, identifying monetary resources, and developing action plans.
  • Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
  • Maximizes return on invested funds by identifying opportunities and maintaining relationships with the investment community.
  • Reports financial status through forecasting, reporting results, analyzing variances, and developing improvements.
  • Updates job knowledge by remaining aware of new regulations; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Accomplishes finance and organization mission by completing related results as needed.

Skills / Requirements / Qualifications

  • Active Listening: Giving full attention to what other people are saying, taking time to understand the points made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
  • Monitoring: Monitoring/assessing the performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  • Mathematics: Using mathematics to solve problems.
  • Reading Comprehension: Understanding written sentences and paragraphs in work-related documents.
  • Speaking: Talking to others to convey information effectively.
  • Judgment and Decision Making:  Considering the costs and benefits of potential actions to choose the most appropriate one.
  • Writing: Communicating effectively in writing as appropriate for the audience's needs.
  • Active Learning: Understand new information's implications for current and future problem-solving and decision-making.
  • Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Coordination: Adjusting actions concerning others' actions.
  • Management of Personnel Resources: Motivating, developing, and directing people as they work, identifying the best people for the job.
  • Social Perceptiveness: Being aware of others' reactions and understanding why they react as they do.
  • Persuasion: Persuading others to change their minds or behavior.
  • Service Orientation: Actively looking for ways to help people.
  • Time Management - Managing one's own time and the time of others.
  • Learning Strategies: Select appropriate training/instructional methods and procedures when learning or teaching new things.
  • Mathematics: Using mathematics to solve problems.
  • Instructing: Teaching others how to do something.
  • Negotiation:  Bringing others together and trying to reconcile differences.
  • Systems Analysis: Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  • Management of Financial Resources: Determine budgets and accounting for these expenditures.
  • Systems Evaluation: Identifying measures or indicators of system performance and the actions needed to improve or correct performance relative to the system's goals.

Job Zones

  • Education: Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
  • Related Experience: Extensive skills, knowledge, and experience are needed for these occupations. Many require more than five years of experience. 
  • Job Training: Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, or training.
  • Job Zone Examples: These occupations often involve coordinating, training, supervising, or managing the activities of others to accomplish goals. Advanced communication and organizational skills are required. Examples include librarians, lawyers, sports medicine physicians, wildlife biologists, school psychologists, surgeons, treasurers, and controllers.
  • Specific Vocational Preparation in years:  Over 4 years of preparation (8.0 and above)

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