Directors of accounting and financial reporting are in charge of managing a team of financial professionals to complete all accounting and finance-related tasks for their company. They oversee the correct reporting of accounts receivable and deposits, as well as work closely with accountants to establish operating costs and other expenditures. Directors of accounting and financial reporting serve as strategic partner for other teams in their organization and ensure all tax-related requirements are completed on time. These directors also interact with external financial agents,and tax officials, and they provide their expertise to deal ledger reconciliations and create accurate records of investment or endowment portfolios.
Other tasks completed by directors of accounting and financial reporting include helping auditors complete their work-related tasks, providing necessary auditing documentation when required, using their analytical skills to suggest accounting process changes, and using company financial records to suggest financial changes to upper management. Directors of accounting and financial reporting must pay attention to detail to identify discrepancies in accounting statements, as well as review internal controls for compliance with company and governmental accounting regulations. These directors must formulate innovative solutions to finance-department issues after interpreting complex financial data. Additionally, they help prepare and approve yearly financial statements.
This position generally requires at least a bachelor's degree in accounting, finance, or a related field. Additional education may be required or preferred. In addition, previous directing experience is necessary and additional accounting or financial certifications are a plus. Directors of accounting and financial reporting must possess strong communication skills and be efficient with the use of company resources. They must be proficient with relevant financial software.
Director of Accounting & Financial Reporting Tasks
- Collaborate to create accurate and efficient reporting and data collection schedules.
- Create and oversee regular and ad hoc accounts reporting.
- Maintain financial records and accounts, including leading complex analyses.
- Manage audits and reconciliation procedures.