Director of Accounting & Financial Reporting Salary
|Salary||$72,433 - $151,825|
|Bonus||$4,000 - $30,439|
|Profit Sharing||$0.00 - $15,205|
|Total Pay (||$71,369 - $175,124|
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
- Maintain financial records and accounts, including leading complex analyses.
- Manage audits and reconciliation procedures.
- Collaborate to create accurate and efficient reporting and data collection schedules.
- Create and oversee regular and ad hoc accounts reporting.
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 $139K per year. A Director of Accounting & Financial Reporting often moves on to become a Chief Financial Officer or a Corporate Controller.
Director of Accounting & Financial Reporting Job Listings
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Popular Skills for Director of Accounting & Financial Reporting
Survey takers who work as Directors of Accounting & Financial Reporting report a focused set of job skills. Fortunate workers who know Securities and Exchange Commision Experience can expect a significant pay bump, scoring salaries 26 percent above average. Skills that are correlated to lower pay, on the other hand, include General Ledger Accounting. Most people experienced in Accounting also know 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.
The average beginner in this position makes around $65K, but folks who have been around for five to 10 years see a markedly higher median salary of $116K. Directors of Accounting & Financial Reporting who work for 10 to 20 years in their occupation tend to earn about $126K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.
Pay Difference by Location
For Directors of Accounting & Financial Reporting, working in the bustling city of Philadelphia has its advantages, including an above-average pay rate. Directors of Accounting & Financial Reporting can also look forward to large paychecks in cities like San Francisco (+31 percent), Boston (+26 percent), New York (+22 percent), and Seattle (+16 percent). Location significantly influences compensation, with St. Louis Directors of Accounting & Financial Reporting earning much less — 34 percent less — than the national average. Two other places where employers offer below-median salaries are Pittsburgh (14 percent less) and Atlanta (5 percent less).
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Key Stats for Director of Accounting & Financial Reporting
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