Financial Director

There are many reasons why you should become a financial director. The first and most obvious reason is that it's a great career choice. Financial directors earn good money and have interesting work. They also have the chance to make a real difference to the companies they work for – and often, to their fellow employees.

What is a Financial Director?

The financial director is the chief financial officer (CFO) of a company and is responsible for managing a firm's finances. The financial director oversees the entire financial operations, including budgeting and forecasting, accounting, taxation and capital management. Additionally, they serve as a liaison between investors and management.

As a member of the board of directors, the financial director provides input into strategic decisions such as acquisitions or divestitures and monetary policies affecting various departments within an organisation. They also advise senior management on business planning, risk management, and corporate finance strategy.

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Financial Director Job Description

Financial Director Job Overview

The financial director is responsible for overseeing an organisation's finances, from annual budgets and monthly reports to long-term strategic planning. They are also responsible for ensuring that spending is within legal parameters and that employees adhere to company policy.

Financial directors usually work in larger businesses, such as corporations and government departments, rather than small businesses.

Responsibilities of a Financial Director

The duties of a financial director vary depending on the size of their employer but generally include:

Scheduling monthly budget meetings with managers and reviewing forecasts prepared by department heads and cost centres to ensure they match expectations
Creating an annual business plan which outlines expected sales growth and profitability over the coming 12 months, including any changes in staffing levels required to meet these goals
Managing budgets and payroll
Monitoring cash flow and ensuring that adequate funds are available for day-to-day operations
Determining how much capital is needed for future growth
Making projections about future cash flows
Implementing strategies that will help achieve these goals
Providing advice on financial matters
Preparing reports on staff productivity and profitability

Financial Director Skills & Qualifications

To become a financial director, you must have a degree in accounting or finance. You may also have experience working in finance and accounting, or at least have some knowledge of these fields. If you don't have any experience, you could train as an accountancy assistant before applying for this role. Other companies may require you to have at least ten years of experience in similar positions or have an MBA from a top school.

The Financial Director has a wide range of skills and qualifications required to carry out their role effectively. These include:

Commercial acumen - an understanding of how businesses operate in their industry sector, including competitor analysis and market trends;
Management skills - ability to lead by example and motivate others;
Financial expertise - knowledge of economic systems as well as accounting principles and practices;
Communication skills - ability to communicate clearly both verbally and in writing across all levels of staff;
Strong analytical skills.

Becoming an FD can be the start of a rewarding career. It's a role which requires you to use your knowledge, experience and expertise to help an organisation achieve its goals. That means that you'll have plenty of opportunities to make decisions and influence the way things are done. It also means that you'll get plenty of praise when things go well – but when there's a problem, you'll also be expected to take responsibility for solving it.

Search jobs similar to this role and find your dream job! Happy hunting.

Financial Director Jobs currently open:

CFO
Location: Johannesburg
Salary: 1 200 000
Are you a dynamic financial manager in the property sector seeking an exciting new career opportunity?
Today

Finance Director - Ghana
Location: Ghana
Salary:
Seeking an experienced expatriate Finance director for a large mining group in Ghana.Seeking an experienced expatriate financial director to join a dynamic team in the heart of Ghana within the mining industry.This is a unique opportunity with a highly lucrative income structure.This role is for RELOCATION to Ghana for 3 – 5 years, offering extended leave time to visit home. All flights in a...
Today

Financial Director
Location: Durban
Salary:
Pinetown. Leading security company with a strong market presence seeks financial director with CA(SA) qualification and a proven track record in financial leadership positions, with current role being that of a financial director.
1 day ago

Chief Financial Officer
Location: Centurion
Salary:
Leap Into Greatness: Thrive in a New Career Environment!
1 day ago

Regional Finance Director
Location: Ethiopia
Salary:
Are you a Finance director open to relocation or based in Ethiopia? We are looking for you. You do not want to miss this opportunity!!
1 day ago

Financial Director
Location: Durban
Salary: 1900000 Annually
Our client, a major player in the security industry, needs a skilled and dynamic FD to manage the financial functions of the company and develop its financial strategy.
2 days ago

Financial Director
Location: Durban
Salary: Market related
financial director
2 days ago

Financial Director
Location: Durban
Salary: Market related
financial director
2 days ago

Finance Director
Location: South Africa
Salary:
Expats with extensive experience in Africa, this opportunity is not to be missed! Seeking an experienced expat Finance director for a large mining group in Ghana.
3 days ago

CFO
Location: Johannesburg
Salary: Monthly
FMCG group is looking for a CFO in SpringsChartered Accountant with minimum 5 years experience
3 days ago