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Finance Directors are very often the senior finance figure in a company or organisation, with overall responsibility for all financial activities, including the preparation of all finance reports and forecasts for future business performance.
Finance Directors often operate at board level and retain additional responsibilities (alongside fellow directors) for business strategy and growth. Finance Directors who do not sit on the board will be required to report regularly at board level. In larger organisations, separate divisions may have their own Finance Directors who report to a Chief Financial Officer.
Finance Directors in smaller organisations may also be responsible for day to day accounting tasks as well as taking a strategic view of the business and its finances.
Typical duties include:
The role of Finance Director is a particularly demanding role which requires many skills and attributes, along with (usually) specific financial qualifications. Finance Directors must be commercially aware, possess plenty of business acumen, be competent communicators, excellent people managers and must also be capable of making (sometimes quick) sound business decisions in a pressurised business environment.
Given the importance of understanding and fulfilling statutory requirements and the general need for excellent corporate governance, Finance Directors are usually fully qualified accountants who have qualified with a recognised accounting institution. They will have worked in many financial roles during their training and possess excellent all round knowledge of the finance function.
Recent salaries advertised on TopFinancialJobs (November 2009) include:
Are you a Finance Director? Would you like to contribute to our "Day in the Life of..." series? Email us at email@example.com for more details.
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