At the present, a lot of people want to apply for a job that pays a great salary and is looked up to by people around them. That’s why they pursue careers in the finance industry. Being one of the most popular career choices today, jobs in the finance industry are now considered golden careers. Because of its popularity and high salary payment, you may want to consider being a finance director. It may sound ambitious, but the rewards are inconsequential.
What is a Finance Director?
A finance director is a person that handles financial management and planning. The finance director is responsible for the planning, organization and control of financial resources. Because of this, the role of the finance director is very important in any company.
Duties of a Finance Director
- The management of the finance department is under the power of the finance director. It is the main duty of finance director to supervise this department. However, under this wide scope of duty are many more things to be accomplished by the finance director. One of these is to handle the financial resources and plan for resources for future needs.
- A finance director should also monitor his/her affiliates regarding the preparation of the financial budget and is responsible for submitting it to the board of directors.
- A finance director also analyzes the financial performance of the business for the past and current year and uses the data in planning to improve the performance for the next year.
- The finance director is also in charge for designing the financial policies and the rules for proper regulation of the company and sees to it that every department of the company abides to whatever is stated.
- One of the most important duties of a finance director is to monitor and have a copy of tabs of every account of all departments.
- The finance director is also responsible for preparing and submitting financial reports to the board of directors.
Work Condition of a Finance Director
- A finance director works in an office and is constantly interrupted and must meet with others regularly.
- The routine of a finance director is to sit for long hours in front of a computer, concentrating on financial analysis and working on financial reports.
Educational Requirements of a Finance Director
- For a job like a finance director, educational background is a must for the candidate must be well qualified for the duties this job requires. Organizations prefer candidates that are experienced with financial managing. They also require a degree on Strategic Planning or Financial Management.
Occupation and Progress of a Finance Director
- Finance directors usually work for a company. If one wants to improve and progress on this job, he/she can train for the improvement of her knowledge towards this job. If there’s excellent practice, then one can move up to the top.
Success is for those people who are taking the job seriously. If you are dedicated to your job and you are passionate about it, then you’re ahead of your game. This job is increasing its popularity because of its high salary pay and its professionalism. So if you want to work on a golden opportunity and grab that key to your success, start now and choose this incredible career.
Tell us about your experience as a Finance Director . How much you earned, who your employer was, how much education was required or anything that pertains to this career. Help others who are trying to enter into this field. All information is kept anonymous.