Director of Accounting & Financial Reporting Salary
Job Description for Director of Accounting & Financial Reporting
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.Read More...
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.
Common Career Paths for Director of Accounting & Financial Reporting
Directors of Accounting & Financial Reporting who transition into new roles such as VP of Finance may see a slight upturn in salary. The average VP of Finance earns $138K per year. Becoming a Chief Financial Officer or a Corporate Controller is a common transition from a Director of Accounting & Financial Reporting role.
Director of Accounting & Financial Reporting Job Listings
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Popular Skills for Director of Accounting & Financial Reporting
Survey results suggest that Directors of Accounting & Financial Reporting put a wide range of professional skills to use. Fortunate workers who know Securities and Exchange Commision Experience command much higher paychecks, scoring salaries 27 percent above average. Skills that are correlated to lower pay, on the other hand, include General Ledger Accounting. Those educated in Accounting tend to be well versed in Financial Analysis.
Pay by Experience Level for Director of Accounting & Financial Reporting
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Salaries of relatively inexperienced workers fall in the neighborhood of $68K, but folks who have racked up five to 10 years see a notably higher median of $114K. Directors of Accounting & Financial Reporting see a median salary of $126K after reaching one to two decades on the job. Directors of Accounting & Financial Reporting who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $128K.
Pay Difference by Location
For those looking to make money, Directors of Accounting & Financial Reporting in Philadelphia enjoy an exceptional pay rate, 40 percent above the national average. Directors of Accounting & Financial Reporting will also find cushy salaries in San Francisco (+31 percent), Irvine (+20 percent), New York (+20 percent), and Seattle (+18 percent). Directors of Accounting & Financial Reporting in St. Louis make 34 percent less than the national average, proving that location is a major factor in pay. Not at the bottom but still paying below the median are employers in Pittsburgh and Atlanta (14 percent lower and 5 percent lower, respectively).