Financial Director
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.
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Financial Director Jobs currently open:
Chief Financial Officer (CFO)Location: Cape Town
Salary: 1 000 000 Annually
We're seeking a strategic and experienced Chief financial Officer (CFO) to join our leadership team and drive the financial vision of a rapidly growing company. This is a unique opportunity to lead a dynamic financial team and play a pivotal role in the company’s next phase of expansion. As CFO, you'll guide financial strategies, enhance operational efficiency, and help shape the future of t...
1 day ago
Chief Financial Officer
Location: Cape Town
Salary: 1 700 000 Annually
Do you have a background focused on scaling a business, engaging with the entrepreneurial side, and overseeing strategy and operations from a financial perspective? Are you entrepreneurial-minded and looking for a CFO role that offers a more innovative, outside-the-box opportunity? Apply today to be considered for this exciting role!
5 days ago
Financial Director
Location: Cape Town
Salary: Monthly
We are looking for an experienced financial director to lead the finance function of an organisation while also driving business process improvements.
6 days ago
Chief Financial Officer
Location: Cape Winelands: Boland
Salary: 1 100 000 Annually
Join us as Chief financial Officer and take charge of leading and managing financial operations within a dynamic and growing foods company. You will drive the strategic directions for the Group and its subsidiaries, ensuring the financial health and sustainability of the business. Collaborating closely with the Board of directors and Managing director, you will play a pivotal role in shaping the f...
7 days ago
Chief Financial Officer (CFO)
Location: Cape Winelands: Boland
Salary: 1 000 000 Annually
A leading company in South Africa is on the hunt for a CFO to join one of their divisions. This rare opportunity is ideal for a CFO looking to immerse themselves in the operational aspects of the business. Don’t miss out—apply now to be considered for this remarkable role!
12 days ago
Chief Financial Officer (CFO)
Location: Cape Winelands: Boland
Salary: 1 000 000 Annually
A leading company in South Africa is on the hunt for a CFO to join one of their divisions. This rare opportunity is ideal for a CFO looking to immerse themselves in the operational aspects of the business. Don’t miss out—apply now to be considered for this remarkable role!
12 days ago
Group Chief Financial Officer
Location: Cape Town
Salary: 1500000 Annually
The Group Chief financial Officer is a strategically focused position that will provide strategic leadership to the business. In this role you will serve as the financial gatekeeper for the company, fulfilling traditional stewardship responsibilities relating to governance, compliance and control, and business ethics. The role furthermore serves as a trusted business value creation partner to...
16 days ago
Chief Financial Officer
Location: Johannesburg
Salary: 1380000
Chief financial Officer – R115k/month – JHB (Kempton Park) – Start asap – Open to all
21 days ago
Chief Financial Officer
Location: Durban
Salary: R1 800 000
Exciting Opportunity: Chief financial Officer to Lead financial Strategy and Drive Growth in a Thriving financial Solutions Company!
36 days ago
Technology CFO - Equity preferred
Location: Johannesburg
Salary: Market related
Technology CFO
15 days ago