What Is a Financial Director?
What Is a Financial Director?
What Is a Financial Director?
Responsible for all the financial management aspects of a business, the Financial Director (FD) is a crucial role when it comes to the fiscal side of things. For emerging businesses, fast growing companies and established organisations, an FD is of paramount importance.
As your company grows, your finances will follow suit. In this scenario, if you don't have one already, you need to consider an FD to look after these accounts and much more.
The overall job description is to direct and manage all of the financial aspects, and to prepare financial reports and financial forecasts. The duties of an FD can vary between companies, but generally they can involve any of the following:
Financial control and strategy
Manage all finances of the business ensuring the company operates to maximum efficiency
Oversee all the processes and controls within the financial aspect of the business
Create financial models and strategies to support the business plan of the company
Develop goals related to finance and accounting
Assess the long term financial growth of the company and liaise with the board to discuss future growth plans
Budgets and Reports
Liaising with the Board to oversee the preparation of budgets
Coordinate and implement to the whole of the company
Analyse the sales and income and assemble financial reports
Review reports and examine these against the set targets and projections
Report findings to the board
Management and Leadership
Supervise and manage all staff within your remit
Lead a team to ensure they deliver to a high standard
Coach, guide and support all employees within your remit to make sure they perform to their full potential
Provide career building activities and resources
Consider opportunities for existing staff and oversee the recruitment of new staff
As you can see there is much more to the role of an FD than simply looking at the fiscal aspects of a business. This role is integral to the smooth running, development and growth of a business. As such, an FD needs to have significant experience and education:
A University degree in a Business related subject or any core discipline including maths and science.
Whilst entry into an FD role is possible without a Degree, it is much harder without one.
Must hold a Chartered Accountant qualification
Significant experience at managing and leading
High level of experience at managing the financial operations of a business
Legal knowledge and ideally experience of legal operations
In addition to the academic and vocational experience, an FD must have the following skills and abilities:
Must have a business interest and awareness
Strong communication and interpersonal skills
Strong numerical and analytical skills
Excellent at problem solving with a methodical approach
Organisational skills
Leadership qualities
Team working skills
Highly motivated and display initiative
Proficient at using IT
Hard working and able to combine work with extra studies
Being an FD is a competitive and highly sort after position. It requires someone with a rounded ability to manage, support and direct. Therefore having experience at this level is incredibly beneficial. To develop a career to an FD position, an employee would probably start at as a Chartered Accountant, and then build their experience and skills to this level. By taking on extra work, and developing leadership and managerial skills and sustaining this for a number of years, an employee may find they have the required skills and experience to aim for an FD position.
http://www.articlesbase.com/recruitment-articles/what-is-a-financial-director-4593317.html
Same Day Money-Instant way to dispose of small financial difficulties Finding Financial Freedom Once and For All Zencore Free Sample | Zencore Free Trial | Zencore Review | Zencore Plus | Zencore Plus 2 LG 32LE5300 32-Inch 1080p 120 Hz LED LCD VA Panel HDTV, Black Review Maruti Grand Vitara Review How To Jump Higher In Volleyball-Jump Manual Reviews Truth About Abs System Rapidshare-The Truth About Abs Review Now Is the TIME! For James, Wade, Bosh To Earn Their Money! Autoblogging Decoded Coupon Discount and Review Reverse Phone Detective Crack-Reverse Phone Detective Review Penis Extenders Review - Are You Making An Expensive Mistake? Muscle Gaining Secrets Rapidshare-Muscle Gaining Secrets Review Tony Morrison My Airfare Secrets Review-My Airfare Secrets Scam