Director of Finance Job Description: Top Duties and Qualifications

A Director of Finance, or Director of Financial Planning is responsible for the financial planning and operations of a company. Their primary duties include evaluating financial markets, preparing financial reports and finding solutions to financial issues.  


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Director of Finance duties and responsibilities 

A Director of Finance provides financial recommendations to ensure that a company meets all of its financial goals. Other duties and responsibilities of a Director of Finance include:

  • Analysing market trends and the global financial climate to create strategic plans that senior executives can use in the future 
  • Interpreting complex financial data and providing updates as required 
  • Ensuring that the company’s financial practices adhere to the statutory regulations and legislation 
  • Supervising employees of their day-to-day financial operations such as financial data tracking, invoicing and payroll 
  • Contracting financial auditing services to make sure that all financial records are  updated 
  • Performing research to seek methods that can help minimise financial risk 
  • Preparing financial reports on a monthly and yearly basis 
  • Nurturing and maintaining good relationships with contractors, clients and other significant third parties  


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What does a Director of Finance do? 

Directors of Finance are responsible for improving a company’s financial health. They manage the cash flow of a company’s operations to make sure that they can pay for their monthly or weekly obligations. They create quarterly financial reports and create budgets and long-term plans for the company financially. 

Successful Directors of Finance can revitalise a business’s finance functions and drive a company’s profits and success. They typically work full time within an office setting. They usually work from Monday to Friday, but they may need to work overtime or during weekends depending on the needs of their company. 


Director of Finance skills and qualifications 

A successful Director of Finance candidate will have various prerequisite skills and qualifications to perform their duties effectively. These include:

  • Excellent analytical skills and exceptional numerical proficiency 
  • Excellent verbal and written communication skills
  • In-depth understanding of complex financial policies
  • Knowledge of database technologies and software 
  • Good strategic thinking skills and the ability to make effective business decisions
  • Excellent team player, leadership and management skills 


Director of Finance experience requirements 

A Director of Finance must have at least 10 years of experience in finance, accounting or a related field. Those who have experience working as Loan Officers, Analysts or Accountants typically have the skills and expertise needed to work as Finance Directors. Experience in development and implementation of accounting policies, preparation of comprehensive budgets and team management is necessary. 


Director of Finance education and training requirements

A Director of Finance must have a bachelor’s degree in business administration, economics, finance, accounting or other related fields. However, some employers prefer candidates with a master’s degree in business administration or related field. Other employers prefer candidates who have industry-recognised certifications, such as the Chartered Financial Analyst certification and the Certified Treasury Professional credential. 


Director of Finance salary expectations

According to Indeed Salaries, the average salary for a Director of Finance in the UK is £81,147 per year. This figure varies depending on factors, including experience, education, location and company. 


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Director of Finance job description FAQs


What is the difference between a Chief Financial Officer and a Director of Finance?

While the Director of Finance analyses department budgets, observes legal requirements and monitors cash flow, the Chief Financial Officer supervises department strategy and monitors the growth of a company. A CFO focuses on managing the company’s finances, including financial planning, risk management and financial reporting. 


Who does a Director of Finance report to?

Depending on the size of the company, a Director of Finance may report directly to the Chief Financial Officer or Chief Executive Officer.  


How can you make your Director of Finance job description stand out?

To make your Director of Finance job description stand out, list all the key responsibilities of the position at hand, approximately between five to ten responsibilities. Each responsibility should begin with a present tense action verb. Be transparent about how frequently a task will be carried out or how much time an employee must spend on each task. This helps candidates form an idea of what a typical day may look like. 


What should you look for in a Director of Finance CV?

A Director of Finance CV must convincingly and clearly demonstrate how the candidate will deliver a higher return on investment (ROI) than your competitors for the same role. Examine the CV’s experience section and see what the candidate has done to heighten productivity, improve customer satisfaction, streamline processes, strengthen profits, deliver cost savings and increase the revenue of their previous employers.

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