Directors of finance and administration are experienced employees who oversee the daily financial and administrative activity for a company. This position typically require at least a bachelor’s degree in business administration, accounting, finance, or another related field; it also usually requires many years of experience working in administration and financial management, with both legal degrees and management experience preferred.
Directors of finance and administration oversee many of the internal finances and human resource tasks of an organization. They work to ensure proper functioning of all financial administration and financial processes, including accounting and budgets, employee salaries and benefits, and other internal processes. Directors of finance and administration also monitor employee records to ensure that employees are paid accurately through regular work pay, overtime, bonuses, and other benefits and allowances. They also work to make sure that this compensation is paid on time.
Directors of finance and administration work collaboratively with other departments to develop and manage budgets for projects and activities. They ensure that the funding is readily available and being appropriately assigned for the projects.
Directors of finance and administration are often preferred to have legal degrees or experience with the legalities of business finance because it is their responsibility to ensure that reports are maintained properly and that all accounting procedures are compliant with federal regulations and policies. They must monitor the monthly cash flow and report any concerns or discrepancies.
Directors of finance and administration must have exceptional communication skills, both verbal and written, since they will often be working closely with other departments within their company. They also must have strong management and organizational skills.
Director of Finance & Administration Tasks
- Direct profit forecasts, expense budgets, and accounting analyses.
- Direct daily management of budget and human resources.
- Hire and supervise staff in daily operations.
- Develop, refine, and direct use of accounting systems and internal control of those systems.
- Coordinate all audits and work with internal teams to meet operating goals.