1. What is the average salary of a Finance Director?
The average annual salary of Finance Director is $191,579.
In case you are finding an easy salary calculator,
the average hourly pay of Finance Director is $92;
the average weekly pay of Finance Director is $3,684;
the average monthly pay of Finance Director is $15,965.
2. Where can a Finance Director earn the most?
A Finance Director's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Finance Director earns the most in San Jose, CA, where the annual salary of a Finance Director is $241,639.
3. What is the highest pay for Finance Director?
The highest pay for Finance Director is $239,762.
4. What is the lowest pay for Finance Director?
The lowest pay for Finance Director is $152,594.
5. What are the responsibilities of Finance Director?
Directs an organization's financial resources and ensures operations comply with financial regulations and standards. Provides guidance to all financial functions including accounting, budget, credit, risk, tax, and treasury. Assists with budget development and provides oversight to monitor cash flow, control expenses, and manage debt. Develops financial modeling and analytical tools to measure and forecast the impact of various business scenarios, risks, and changes. Develops processes, policies, and controls to define operational standards and ensure accurate, timely, and compliant financial operations. Requires a master's degree in accounting or finance. Typically reports to senior management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
6. What are the skills of Finance Director
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
2.)
Financial Management: Financial management focuses on ratios, equities and debts. It is useful for portfolio management,distribution of dividend,capital raising,hedging and looking after fluctuations in foreign currency and product cycles.Financial managers are the people who will do research and based on the research, decide what sort of capital to obtain in order to fund the company's assets as well as maximizing the value of the firm for all the stakeholders. It also refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not seen in the 'Line' but also in the capacity of the 'Staff' in overall of a company. It has been defined differently by different experts in the field. The term typically applies to an organization or company's financial strategy, while personal finance or financial life management refers to an individual's management strategy. It includes how to raise the capital and how to allocate capital, i.e. capital budgeting. Not only for long term budgeting, but also how to allocate the short term resources like current liabilities. It also deals with the dividend policies of the share holders.
3.)
Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.