Finance directors have an important job to do. They are responsible for all the financial aspects that affect the company they work for. You think it is hard to balance the household budget? Try balancing budgets and coordinating the financial affairs for large, international organizations. That's what a finance director does every day!
Finance directors oversee all of a company's accounting functions. They collect, evaluate, and apply financial, economic, and statistical data to analyze the financial health of the company. Finance directors work closely with senior management to provide advice and recommendations on financial planning strategies. They formulate financial targets and develop corresponding budgets designed to help the company maintain a healthy financial standing. The finance director manages company policies regarding all financial transactions and investments, accountancy issues, and audit systems. Most importantly, the finance director ensures that the company's financial activities are in accordance with appropriate laws and regulatory requirements.
Finance directors are highly analytical, methodical, and thorough in their review of accounting information and practices. They have great attention to detail and high ethical standards. Successful finance directors are able to
- objectively review, interpret, and document financial trends;
- communicate clearly and concisely verbally and in writing; and
- collaborate effectively with accountants, lawyers, and senior management to develop strategies and solutions in line with accepted business practices.