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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Director Of Finance Job Description Examples:

 

Example 1

Department: Finance

Job title: Deputy Director of Finance

Grade: Senior Salary Scale

Salary: Competitive (The senior staff range starts at £65,318 per annum)

We have an exciting opportunity for a Deputy Director of Finance at the University of Roehampton. The Deputy Director of Finance will play a fundamental role supporting the Director of Finance Director in the provision of high quality financial management and financial services. The role holder will be responsible for two key areas of the Finance Department, line managing the Head of Financial Planning & Analysis and the Head of Financial Accounts. This is a great opportunity for an individual who really wants to be at the heart of leading a fantastic finance function. The role requires an individual with a passion for developing and coaching team members to reach their potential. Attention to detail and good planning are essential for this role.

At Roehampton, we change lives by helping our students to develop the confidence, knowledge and adaptability they need for a successful graduate career and fulfilling life.

We are a supportive, close-knit and inclusive community, with a proud history in higher education stretching back more than 175 years. Our values come from this rich history, built on community, engagement and partnership, with a belief that no matter their background, we can help our students to realise their ambitions. Our graduates today have excellent employment prospects, and are part of a thriving and diverse global community of Roehampton alumni.

We provide an engaging portfolio of courses across the creative arts, social sciences, law, humanities, literature, education, business, and human and life sciences, including nursing. We also have an excellent research profile. With international reach, our research informs policy, enriches culture and improves people’s lives.

We are based on a beautiful 64-acre parkland campus, located in the heart of south-west London. Our staff have access to excellent facilities and a generous range of staff benefits.

To find out more information about the role and what we’re looking for, visit the Working at Roehampton section of our website where you will find full details, how to apply, as well as further information about the benefits of working for us.

[website]

The University is an equal opportunities and ‘disability confident’ employer.

The University is committed to promoting diversity and equality of opportunity and aims to create a culture and environment where students and staff are treated fairly.

The closing date for completed applications is: 14 July 2022

It is expected that interviews will be held on: 22 July 2022

Job Type: Full-time

Salary: From £65,318.00 per year

Benefits:
  • On-site parking
    Schedule:
  • Monday to ID: RU03233
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    Example 2

    You are all the things a good FD should be, with extensive experience of working at a senior level in the charity sector which has taught you how support colleagues at all levels. You have a good head for governance, are naturally patient and systematic and want a board-level role that allows you to make a genuine impact on people’s lives.
    As Director of Finance and Governance you will also be our Company Secretary and DPO, supporting the CEO and Board of Trustees to ensure that Vista is fully compliant with all regulatory requirements.
    Vista is planning a large strategic capital development, so experience of leading similarly complex projects would be an advantage, as is an understanding of the mechanisms of social investment and major grant funding. Ideally you will also be familiar with local government procurement arrangements and funding models for residential care.
    Benefits: 31 days annual leave, inclusive of bank holidays, plus your birthday off as a gift from Vista; extended maternity/paternity leave; full training for the role; flexible and hybrid working; excellent health benefits; free and unlimited access to an independent and confidential Employee Assistance Programme.
    We welcome applications from all candidates, regardless of any protected characteristic and are an equal opportunity employer. We particularly welcome applications from candidates with disabilities including visual impairment, and we encourage applications from such people who are under-represented in our workforce and face disadvantage on account of disability. All candidates will be treated equally, and we will base decisions on appointments on the merits of the candidates.

    Job Type: £60,000.00 per year
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    Example 3

    Director of Finance (Accounting and Financial Reporting)

    Job Purpose

    Reporting into the CFO the Director of Finance is responsible for the Accounting, Financial Reporting and Internal Controls to be carried out in a controlled, efficient and professional manner.

    Responsible for providing robust financial reporting & financial controls to support the business's ability to adapt to market changes and to drive financial and business performance.

    Key Responsibilities
  • Manage the Statutory Accounts processes effectively and efficiently.
  • Stakeholder Management. Cultivating and maintaining an effective relationship with all internal and external stakeholders.
  • Leadership. Leading, developing and supporting a large team (3 direct reports, 18 in total) in addition to leading the wider Finance team as a member of the FLT.
  • Deliver operational excellence across financial reporting, driving a culture of continuous improvement, recommending areas for improvement, and leading on the implementation of those improvements.
  • Strengthening the current financial reporting processes and the supporting narrative (Financial Reporting Pack monthly and quarterly)
  • Prepares monthly, quarterly, and annual financial reports.
  • Oversees and reviews accounting tasks
  • Meets deadlines in a fast-paced work environment.
  • Knows and adheres to UK generally accepted accounting principles (GAAP) and Securities and/or International Financial Reporting Standards (IFRSs).
  • Policies and Procedures. Ensuring Policies, Procedures and Controls are in place across the department sufficient to eliminate the risk of error and/or fraud.
  • Ensuring that policies and processes are sufficient to ensure strong controls around monthly accounting and reporting.
  • Managing the Group Financial Controller to deliver accurate Financial Reporting, resulting in a successful annual audit. Success defined as meeting the agreed deadlines for relevant committees and no significant adjustments.
  • Coaching, mentoring, and developing the finance team.
  • Oversee the management of all relevant external relationships

    Expected Outcomes
  • Providing robust financial controls.
  • Developing a team culture of high performance, empowerment, support and high engagement
  • Strong Control Environment minimising the risk of fraud and/or error.
  • Implementation and continual monitoring and improvement of all key processes in the department.
  • Accurate and meaningful accounting and reporting, which is in accordance with appropriate Accounting Standards.
  • Policy compliance across all areas
  • Fully informed and engaged stakeholders
  • Successful Audits, year on year

    Experience / Skills Required
  • Qualified Accountant ACA, ACCA, CIMA (Minimum of 15 years PQE)
  • Experience of leading the production of Statutory Accounts
  • Experience of leading large teams
  • Stakeholder Management
  • Experience of implementing a strong control framework.
  • Dealing with International Business Units
  • Strong communication skills

    RICS is an equal opportunity employer committed to diversity and inclusion. We encourage qualified candidates from a wide array of backgrounds to apply because we know that it’s the differences in our people that make the difference to our performance.

    You must have the correct right to live and work status for the designated country this role resides in.

    Job Type: Full-time, Fixed Term Contract (6 months)

    Salary: Up to £120K pro-rata or £800 Day Rate

    Job Types: Full-time, Fixed term contract, Temporary contract, Freelance
    Contract length: 6 months

    Salary: £100,000.00-£120,000.00 per year

    Benefits:
  • Flexitime
  • Work from home
    Schedule:
  • Monday to ID: VN3817
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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. 

     

    Job description samples for similar positions

    If the Director of Finance job description sample does not quite fit your needs, here are other job description samples to look at:

     

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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.

    Job Description Examples

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