Financial Director

There are many reasons why you should become a financial director. The first and most obvious reason is that it's a great career choice. Financial directors earn good money and have interesting work. They also have the chance to make a real difference to the companies they work for – and often, to their fellow employees.

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:

CFO: Fixed term Contract
Location: Johannesburg
Salary: 1000000
My client is a leading JSE listed property organization, known for its exceptional portfolio of real estate assets and commitment to innovation within the property sector. We are seeking an experienced and dynamic Chief financial Officer (CFO) to join our team on a fixed-term contract basis. This is an exciting opportunity to contribute to the growth and financial success of one of South Africa&rs...
1 day ago

CFO CA(SA)
Location: Johannesburg
Salary: 1000000 Annually
If you are a Chartered Accountant looking to take their next step in their career, then consider this exciting CFO position.
3 days ago

CFO
Location: Cape Town
Salary: 1800000
Are you ready to lead the financial helm of an industry pioneer with over a century of excellence?
3 days ago

CFO
Location: Johannesburg
Salary: 1100000 Annually
Use your financial expertise to unleash future potential!
3 days ago

Interim Chief Financial Officer
Location: Pretoria
Salary: Monthly
Our client, a leader in the animal vaccines manufacturing environment, is urgently looking for an interim Chief financial Officer for a period of 8 months
3 days ago

Chief Financial Officer (CFO)
Location: Cape Town
Salary: 1 200 000 Annually
A fantastic opportunity to step into a newly created CFO role within a prominent manufacturer in the textile space is open to a qualified CA(SA) with proven EXCO experience. This great opportunity will allow you to report directly to the CEO and work with the board of directors and shareholders to ensure optimal financial functioning. If you come from a background in manufacturing, and have an und...
4 days ago

Chief Financial Officer - CA(SA) (Immediately available)
Location: Johannesburg
Salary: 1000000
My client is a leading JSE listed property organization, known for its exceptional portfolio of real estate assets and commitment to innovation within the property sector. We are seeking an experienced and dynamic Chief financial Officer (CFO) to join our team on a fixed-term contract basis. This is an exciting opportunity to contribute to the growth and financial success of one of South Africa&rs...
5 days ago

Chief Financial Officer (CFO)
Location: Cape Town
Salary:
Chief financial Officer (CFO) – Manufacturingð Location: Southern Suburbs, Cape TownA well-established textile manufacturing company is seeking a Chief financial Officer (CFO) to lead its financial strategy, reporting, and risk management. The ideal candidate will have a strong background in manufacturing finance, ensuring cost efficiency, compliance, and business growth.
5 days ago

Chief Financial Officer (CFO)
Location: Johannesburg
Salary:
Chief financial Officer (CFO) – financial ServicesA leading financial services provider is seeking an experienced Chief financial Officer (CFO) to drive financial strategy, compliance, and risk management. The ideal candidate will have a deep understanding of credit risk, financial reporting standards, and regulatory requirements within the industry.
5 days ago

Financial Director - Roodepoort - R108 300
Location: Johannesburg
Salary: 1.3mil
financial director - Roodepoort - R108 300
5 days ago