Director of Finance Job Description Template

Job Brief

We are looking for an experienced Director of Finance (Finance Director) to oversee all financial aspects of business and drive the company’s financial strategy and planning. You will be responsible for assessing the financial performance of the company as well as possible risks and investments.

A director of finance is a reliable professional with broad knowledge to all accounting, financial and business principles. They are strategic thinkers and effective leaders who can make the most profitable decisions.

The goal is to guide the company towards profitability and long-term success.

Responsibilities

Drive the financial planning of the company by analyzing its performance and risks
Retain constant awareness of the company’s financial position and act to prevent problems
Set up and oversee the company’s finance IT system
Set targets for and supervise all accounting and finance personnel (management accountants, internal auditors etc.)
Oversee all audit and internal control operations
Develop the corporate fundraising strategy and manage relationships with partners and investors
Prepare timely and detailed reports on financial performance on a quarterly and annual basis
Conduct analysis to make forecasts and report to upper executives
Ensure adherence to financial laws and guidelines

Requirements

Proven experience as director of finance or similar role
In-depth knowledge of corporate finance and accounting principles, laws and best practices
Solid knowledge of financial analysis and forecasting
Proficient in the use of MS Office and financial management software (e.g. SAP)
An analytical mind with a strategic ability
Excellent organizational and leadership skills
Outstanding communication and interpersonal abilities
BSc/BA in accounting, finance or relevant field; MSc/MA is a plus
CPA or other relevant qualification is a plus

What does Director of Finance do?

A Director of Finance is responsible for overseeing the financial operations of an organization and ensuring its financial health. On a day-to-day basis, their responsibilities may include:

Financial Planning: Developing and implementing financial strategies, budgets, and forecasting models.
Financial Reporting: Analyzing financial data, preparing financial statements, and presenting reports to stakeholders.
Risk Management: Assessing and managing financial risks, ensuring compliance with financial regulations, and developing internal controls.
Cash Management: Monitoring cash flow, optimizing working capital, and overseeing banking relationships.
Financial Analysis: Conducting financial analysis and performance evaluation to identify areas for improvement, cost-saving opportunities, and growth potential.
Investment and Capital Management: Managing investment portfolios, evaluating capital projects, and making recommendations on investment decisions.
Tax Planning: Ensuring compliance with tax laws, making strategic tax planning decisions, and minimizing tax expenses.
Team Leadership: Providing guidance and supervision to finance teams, including setting objectives, conducting performance reviews, and fostering professional development.
Financial Strategy: Collaborating with senior management to develop financial strategies aligned with the organization's goals and objectives.
Stakeholder Engagement: Interacting with internal and external stakeholders such as executives, investors, auditors, and suppliers to address financial concerns and provide financial insights.

These tasks may vary depending on the size, industry, and complexity of the organization.

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