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:

Chief Financial Officer
Location: Centurion
Salary: 2 100 000 Annually
Are you a visionary financial leader ready to play a pivotal role in shaping the future of one of South Africa’s most respected names in the security sector? We are seeking a strategic and commercially astute Chief financial Officer (CFO) to join our executive leadership team and drive financial excellence, innovation, and sustainable growth.
1 day ago


Chief Financial Officer (CA) - Financial Services sector
Location: Cape Town
Salary:
Are you an experienced CFO or financial Manager working in the financial Services Sector?Our client based in Cape Town requires the traditional skills of a CA coupled with finance leaderships with capital, risk and regulatory discipline.Excellent opportunity to manage this growing financial services concern, ensuring all audit responsibilities are managed to perfection, overseeing funding strategi...
2 days ago


CHIEF FINANCIAL OFFICER
Location: Nelspruit
Salary:
2 days ago


Group CFO
Location: Johannesburg
Salary:
Take on a key executive position where you’ll define financial strategy, accelerate growth, and shape the future of a listed organisation. As Group CFO, you’ll work closely with the CEO and Board to lead capital structuring, risk management, and overall corporate performance. This is a chance to head a high-performing finance team, enhance governance, and drive sustainable value creati...
3 days ago


DEPUTY CFO
Location: Cape Town
Salary: Market related
DEPUTY CFO - Western Cape, South Africa Competitive Package on offer based on Qualification and
3 days ago


Financial Director - Durban
Location: Durban
Salary: Monthly
 DBN000179 – FINANCE director – MAYDON WHARF DBNPurpose of the job:To oversee financial planning, reporting, and budgeting in order to maintain the financial health. They also play a crucial role in risk management and cost optimization to support operational efficiency and expansion.Required QualificationsCA(SA) with 10+ years’ finance experience, and at least 5 years at se...
3 days ago


Chief Financial Officer
Location: Roodepoort
Salary: 900000 Annually
We are seeking an experienced and strategic Chief financial Officer with a CA(SA) qualification to lead our financial operations and provide key insights to drive business growth and sustainability. The CFO will play a pivotal role in driving profitability, operational efficiency, and compliance excellence across the organisation.
3 days ago


Financial Director
Location: Johannesburg
Salary: 1900000 Annually
Are you a talented financial professional with a passion for strategic financial management and a proven track record of success in the security industry? If so, we have an exciting opportunity for you to join our client as a financial director.
4 days ago


Division Chief Financial Officer
Location: Centurion
Salary: 20000000 Annually
Our client known for specialising in payment and financial transaction technologies, focusing on providing secure and efficient solutions for processing electronic payments is looking for a Division CFO for one of their subsidiaries.
4 days ago


Chief Financial Officer (CFO)
Location: Midrand
Salary: 21000000 Annually
We are seeking a highly skilled and experienced Chief financial Officer (CFO) to lead a financial function.
4 days ago