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ESSENTIAL DUTIES ANDRESPONSIBILITIES
1. Financial Leadership:
- Providestrategic financial leadership to the organization, working closely with the ChiefExecutive Officer and Board of Directors.
- Develop andimplement financial policies, procedures, and internal controls to ensure theorganization's financial integrity.
2. Budgeting andForecasting:
- Lead the annualbudgeting process, collaborating with department heads to develop realistic andcomprehensive budgets based on sound financial planning.
- Monitor andanalyze financial performance against budgets, providing regular reports (monthly,quarterly, and annually) and variance analysis to the leadership team.
3. Financial Reporting:
- Prepare accurateand timely financial statements, including income statements, balance sheets,and cash flow statements.
- Presentfinancial reports to the Board of Directors and Committees ensuringtransparency and effective communication of financial information.
4. Accounts Payable:
- Oversee the accounts payable function,ensuring accurate and timely processing of invoices and payments.
- Maintain strong vendor relationships andnegotiate favorable terms when applicable.
5. Compliance:
- Ensure compliance with all relevantaccounting standards, regulatory requirements, and grant restrictions.
- Oversee the preparation of tax filings,including Form 990, and coordinate with external auditors for annual audits.
6. Cash Management:
- Manage cash flow to ensure theorganization's ability to meet its operational needs.
- Develop sound and prudent investmentpolicy
- Develop and implement investmentstrategies to maximize returns on surplus funds in accordance to Board approvedinvestment policies
7. Grant and ContractManagement:
- Work closely with program managers tooversee financial aspects of grants and contracts.
- Ensure compliance with grant requirementsand reporting.
8. Risk Management:
- Identify and assess financial risks,proposing strategies to mitigate these risks.
- Implement effective internal controls tosafeguard the organization's assets.
Education/Experience/Credentials
- Bachelor's degree inAccounting, Finance, or related field (Master's degree preferred).
- CPA, preferred, orrelevant professional certification.
- Proven experience innon-profit financial management, with a minimum of 3 years of progressivelyresponsible experience.
- Strong knowledge ofaccounting principles, financial reporting, and compliance requirements fornon-profit organizations.
- Experience in accountspayable processes and management.
- Experience in grantmanagement and reporting.
- Excellent analytical,problem-solving, and decision-making skills.
- Effective communicationand interpersonal skills for engaging with staff, Board members, and externalstakeholders.
- Proficiency in financialsoftware and Microsoft Office Suite.
Full Time
$189k-256k (estimate)
12/30/2023
06/29/2024
The job skills required for Director of Finance include Accounting, Leadership, Planning, Budgeting, CPA, Financial Statements, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Finance. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Finance. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Director of Finance positions, which can be used as a reference in future career path planning. As a Director of Finance, it can be promoted into senior positions as a Top Division Financial Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Finance. You can explore the career advancement for a Director of Finance below and select your interested title to get hiring information.
If you are interested in becoming a Director of Finance, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Director of Finance for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Director of Finance job description and responsibilities
A Director of Finance makes high-level decisions regarding a business’s health, leaving details for the finance and accounting departments.
01/03/2022: Schenectady, NY
Finance Director, given additional responsibility for managing pricing, proposal development; supply agreement approval.
01/27/2022: Salem, OR
Financial directors review any capital request and take on the approval process while the controllers of finance process the requests.
01/21/2022: Provo, UT
The duties of a Director of Finance are to manage the financial and accounting control functions of an organization.
12/20/2021: Racine, WI
They’re also commonly tasked with managing one or more corporate finance departments, such as accounting or payroll.
01/21/2022: Boston, MA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Director of Finance jobs
Becoming a director of finance requires a combination of education and relevant work experience.
02/26/2022: Sioux Falls, SD
They must also be good team players, with management skills to lead the finance department.
02/16/2022: Olympia, WA
At least 10 years of accounting and finance experience.
02/23/2022: Seattle, WA
Create partnerships with the other stakeholders.
01/04/2022: Phoenix, AZ
The Finance Director should have strong people skills, be a team player and be a proficient multitasker.
01/22/2022: Kingsport, TN
Step 3: View the best colleges and universities for Director of Finance.