Finance Director

Average Salary: £78,000 - £83,000
Competition: LOW
Years Experience: 10 years +

Job Summary

Finance Directors are the gurus of finance. Their broad shoulders and wisdom makes them prime candidates, in taking overall responsibility of the financial side of a company’s strategy. They report back to the Chief Executive and ensure the flow of financial information is well communicated internally and externally. A wise specimen.

Duties

As the ultimate financial individual in the organisation, be prepared to embark on an array of different responsibilities. One day you can be hands-on with numbers, the next dictating company policies. Although the role of a Finance Director can depend on the structure of the company, generally they have the following job responsibilities:

  • Developing, implementing and driving the company’s financial strategy, polices and procedures
  • Keeping the CEO up-to-date on the company’s financial matters and performance
  • Monitoring performance against budgets and ensuring that they are being adhered to
  • Preparing annual accounts for new and existing investors
  • Making sure that policies, procedures and statutory requirements are being followed
  • Ensuring that resources such as financial systems are in place to support workforce and future plans

Key Skills & Characteristics

A Finance Director should:

  • Have excellent communication and interpersonal skills at all levels
  • Be decisive and able to handle pressure
  • Understand ethical behaviour and business practices
  • Be able to problem solve and strategise effectively
  • Strive for excellence, be committed and lead by example

Entry Routes

There are many routes to become a Finance Director. There’s no specific degree that will shortcut your way to a Finance Director position. It’s a role that you obtain through years and years of experience, showing your worth, pushing your ideas forward and always developing your skills! That being said, a lot of Finance Directors tend to be a qualified member of an accountancy body, such as:

  • Association of Chartered Accountants (ACA)
  • Association of Certified Chartered Accountants (ACCA)
  • Chartered Institute of Public Finance and Accountancy (CIPFA)
  • Chartered Institute of Management Accountants (CIMA)

Job Progression

Trainee Accountant

Accountant

Chartered Accountant

Financial Controller

Finance Director

CEO

Advice From Our Experts

The Good

  • Influence – You’re in a position where you can express your ideas and make influential decisions
  • Travel – You get the chance to travel a lot
  • New People – Through meetings and networking events, you end up meeting some influential people

The Bad

  • High Pressure – Very low tolerance to slip up or slack
  • Long Hours – The high responsibility means you can expect to work long hours
  • Unpopular Decisions – These are necessary but not enjoyable to make