Finance Director How to Hire, Salary Data, and Job Descriptions
A finance director is responsible for the finances of a company. They evaluate financial markets, identify solutions and improvements, and prepare reports for management on the company’s financial status that are used to make educated decisions on key financial matters, such as future investments and budgets. Finance directors must have the ability to analyze company performance and risks and drive the financial strategy by recommending solid financial plans. Finance directors also set up and manage the company’s finance IT system.
Finance directors need to have extensive knowledge of accounting, financial, and business principles. They need excellent leadership qualities and should be strategic thinkers to guide the company towards profitability and long-term success. They should be proficient in computer programs such as MS Office and SAP. Outstanding organizational, communication, and interpersonal skills are also needed. They must be solid decision-makers and able to implement strategies that work toward company goals and enhance profitability.
Sample job description #1
Responsible for managing the day to day accounting including accounts payable and receivable, data entry, and reconciliation, following all Bluffton Self Help cash handling procedures to ensure checks and cash are deposited and recorded appropriately
Provide leadership, support, and backup for annual audit
Review all incoming donations including tracking restrictions
Prepare, verify, and disseminate monthly financial statements, supporting schedules, statistical analyses, and accounting reports as necessary and appropriate for management and monitoring agencies
Prepare monthly balance sheet reconciliations
Ensure all cash and receipts are collected and proper bank deposits are made
Perform daily reconciliation of point of sale revenues, tax liabilities, and cash/charge receipts
Provides entries/approval for payroll to PEO system
Manage any cash banks (petty cash, cash drawers) at BSH locations and events
Manage credit card accounts, balance, payments, receipts, and reconciliation
Prepare and/or supervise the preparation of applicable federal, state, and local tax returns, including coordination/preparation of annual 990 filing
Works with CEO and Treasurer to ensure nonprofit accounting rules are being followed
Review, manage, and track all financial investments with financial investment firm
Communicate any and all discrepancies immediately to CEO
Ensure proper bookkeeping, accounting, and tracking of all financial and in-kind revenue and expenses
Maintain knowledge of current (and changing) financial accounting principles
Ensures that all business licenses, liquor licenses, certificates of operation, and other licenses/permits are current and properly maintained
Ensure that procedures are in place to safeguard company assets, assure that records are accurately maintained and that established policies and practices are satisfactorily and consistently followed
Review insurance policies on an ongoing basis to ensure they reflect the organization’s needs. Update, manage, and track all organizational insurances including scheduling annual review and presentation from broker
File necessary paperwork with government entities to satisfy grant requirements as needed.
Complete projects as assigned by CEO involving data collection and/or analysis
Grant fund training and reporting
Oversee and lead annual budgeting process
Further develop Bluffton Self Helps HR policies, procedures, and onboarding
Work closely and transparently with all external partners including third-party vendors and consultants
Oversee technology resources, installations, and upgrades as necessary to include networks, software, hardware, and cyber security
Negotiate and oversee rental and leasing contracts
Solicit and evaluate bids for services as needed
The ideal candidate has experience of final responsibility for the quality and content of all financial data, reporting and audit coordination for either a division or significant program area, and has preferably overseen human resources and IT functions
Minimum 5 – 10 years of operations and accounting experience
An understanding of and passion for Bluffton Self Help’s mission and vision
Proficient in QuickBooks
Ability to translate financial concepts to – and to effectively collaborate with — programmatic and fundraising colleagues who do not necessarily have finance backgrounds
A track record in effective project and staff management
Effective leadership to staff, volunteers and donors
Must possess strong project management skills, interpersonal skills, and positive relationship building internally and externally
Must have a high level of work ethic, urgency, and transparency
This job operates in an office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, etc.
Sample job description #2
An ideal candidate will have great communication skills, high level of attention to detail, and the ability to work independently in a fast-paced, multitasking environment. We offer competitive compensation and excellent benefits.
This role requires a strong understanding of accounting and financial principles, strong communication skills, the desire to drive data based business decisions and the ability to deliver in the following key areas:
Co-Manage firm and fund accounting functions
Manage firm audit and tax activities
Manage firm and fund treasury operations
Assist CFO in strategic and financial planning design and analysis
Co-Manage financial, managerial, and regulatory reporting
Drive cost management processes and improve operational efficiencies
Augment business development activities through sound financial support and analysis
Required skills, experience, and education
10+ years of experience in Finance or Accounting
Direct industry experience and knowledge of financial markets
CPA highly desired
Good customer service skills team oriented, able to work across teams and functions
Technology and process efficiency driven
Experience in Geneva or other portfolio accounting system a plus
Familiarity with data management and visualizations a plus
Aptitude to finish a project or activity on time the first time.
Sample job description #3
In this role, you will
Be responsible for all financial performance for a Business Unit, leading a team of Program Financial Analysts and Managers
In coordination with Programs and Operating Units, implement risk and opportunity management plans for individual programs
Ensure efficient and effective cash flow for programs within the portfolio
Partner with the Business Unit Vice President and Growth team to bid new business
Develop and implement fiscal operating budgets, policies, and procedures
Develop, implement, and administer financial records in accordance with generally accepted accounting principles, corporate policies, and government regulations through subordinate analysts
Develop and administer the cost accounting and financial management systems
Develop, monitor, and distribute to management essential financial operating budgets, reports, and forecasts
Review annual and intermediate budgets periodically to analyze trends affecting budget needs
Responsible for the development of financial management data reflecting financial condition and operating results
Develop the Business Unit’s funding base to secure present and future service delivery
Evaluate financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions
Minimum of a Bachelor’s Degree with 16+ years of relevant experience
6 years experience as a manager
The ability to obtain a TS/SCI with a polygraph. (Can start without a clearance but the expectation is that the clearance process will start upon taking the role)
Experience working with Intelligence customers and the Maryland Procurement Office specifically
Average salary and compensation
The average salary for a finance director is $154,250 per year in the United States and $170,700 with a yearly bonus. Salary ranges can vary depending on education, certifications, additional skills, the number of years of experience.
Los Angeles, California
Minneapolis-St. Paul, Minnesota
New York City, New York
Sample interview questions
What is your greatest professional achievement?
What makes a successful financial plan or budget?
What methods/metrics do you use to evaluate financial performance?
How would you handle a challenging client?
Which financial reports are important to upper management and why?
What key elements would you look at to evaluate the company’s investments?
Is a cash flow statement enough to tell whether a company is doing well?
How do you calculate and interpret ROI?
How do you reward innovation, initiative, and teamwork?
What is the most challenging part of creating a budget?
What size budgets have you dealt with?
Do you have experience managing accounts payable and accounts receivable?
Tell me about a large financial project you worked on.
What strategies do you use to prioritize your work?
What is your leadership style?
How would you ensure our department is following policies and regulations?
What methods would you use to work within a tight deadline?
How would you support an underperforming employee?
What strategies can you use to evaluate our company’s financial progress?
We match top professionals with great employers across the country. Your next career move or star employee is just around the corner. Review our career content and advice, browse our latest job openings, or email us your resume. We look forward to connecting with you soon!