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.
View Financial Director Jobs Recruit a Financial Director
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:
Divisional Chief Financial Officer (CFO)Location: Johannesburg
Salary: 1500000 Annually
One of our clients that provide specialised is seeking a Divisional Chief financial Officer (CFO) to lead their financial team and play a pivotal role in driving strategic growth.
1 day ago
Chief Financial Officer
Location: Pretoria
Salary:
Are you a mathematical genius who talks, walks, and breathes numbers? My client seeks a business savvy CFO who can balance the books, drive growth, and navigate foreign currency like a pro!
1 day ago
Chief Financial Officer
Location: Johannesburg
Salary:
Are you a mathematical genius who talks, walks, and breathes numbers? My client seeks a business savvy CFO who can balance the books, drive growth, and navigate foreign currency like a pro!
1 day ago
Chief Financial Officer
Location: Midrand
Salary:
Our client in the automotive manufacturing industry is seeking a Chief financial Officer to join them in Midrand, Gauteng. The purpose of the CFO role is to strategically position the Company for long-term growth and to deliver value to the shareholder. The CFO will be responsible for the conceptualization, development and implementation of the financial strategy, governance framework and financia...
3 days ago
TJ 15102 - FINANCIAL DIRECTOR CA (SA)
Location: Johannesburg
Salary: R’1’8 Million – R2’3 million (Negotiable)
financial director CA (SA)
4 days ago
CFO
Location: Midrand
Salary: 1500000 Annually
Take the first step in exploring new career opportunities today.
5 days ago
Chief Financial Officer
Location: Midrand
Salary:
PURPOSE OF THE ROLE:The CFO role is to strategically position the Company for long-term growth and to deliver value to the shareholder.Responsible for the conceptualization, development and implementation of the financial strategy, governance framework and financial management system.Responsible for the Management of departments with a staff compliment of +- 17 employees:Reporting directly to the ...
5 days ago
CFO
Location: Midrand
Salary: 1 800 000 Annually
Drive financial excellence and strategic growth as my client's next visionary CFO!
5 days ago
Chief Financial Officer: Manufacturing
Location: Johannesburg
Salary: negotiable
Chief financial Officer: Manufacturing
5 days ago
Chief Financial Officer (CFO)
Location: Centurion
Salary: 2400000 Annually
We are seeking a highly skilled and experienced Chief financial Officer (CFO) to lead a financial function.
8 days ago