A finance director (FD) is one of the most important functions in any company in operation around the world. His functions and responsibilities are second only to the chief executive officer (CEO) and is primarily responsible for generating profit and cash for the company. He is interested more in revenues and how much is being generated in a company than the costs that incur in its operation.
Our website offers free downloadable Job Description Samples for a finance director that employers and companies can use as basis for hiring. It lists down essential functions of the job and the primary tasks and responsibilities expected of a qualified and competent finance director.
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A finance director has his primary responsibilities focused on two things: effectiveness and efficiency. Doing the right thing regarding generating revenues for the company and doing things with the minimum of inputs to increase profitability are the main goals in this profession. Any idea put forth by the organization is well taken into consideration by the finance director as long as any sensible plan can lead to more revenues.
The duties and tasks of an efficient and competent finance director include,
- leading and directing finance teams to be more efficient and productive;
- taking the helm and ultimate responsibility of any of the company’s cash management policies whatever the outcome may be;
- presenting annual reports to investors regarding their accounts and have the task of telling them if the venture is making money or generating losses;
- formulating strategies and plans on how to make the business more successful and working with teams to manage all financial endeavors;
- ensuring the company’s budget processes are being managed well and reviewing operational procedures; and
- effective management of the company’s financial policies on debt, taxation, equity, capital requirements, disposals, and acquisitions among other responsibilities.
Those are just some of the duties and responsibilities expected of a finance director. Leadership and strategy and quick-thinking decisions are also required to enable the finance director to optimize his company’s financial performance.
For other kinds of directorship jobs, please refer to our website’s samples on Art Director Job Description Samples for organizations and institutions looking for art directors. These are all available for downloading and can be modified according to user specifications.
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Finance directors usually make sure any ideas put forth by the team is is backed by a flexible and practical plan. This is to ensure that these will lead to a successful venture instead of incurring losses, which can be staggering and disastrous to the company. They also are the company’s watchdog to ensure things are being done according to plan on any approved projects.
In summary, a finance director may spend money on pre-approved projects needed to generate income for the company but is also given a free hand to abandon projects that cost money. There’s no sense continuing a project that incurs losses more than it generates money. In this regard, the finance director must carefully balance each task he handles to ensure he is generating revenues instead of losing it.
For other job descriptions, our website offers free downloadable and printable Executive Director Job Descriptions for companies looking to hire or replace their current executive directors. Each sample has all the primary duties and responsibilities expected of the profession and can be downloaded in either Word Doc or PDF file.
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