Financial Operations Director Salary
Earnings for Financial Operations Directors in the United States come in at around $98K annually on average. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Job satisfaction is reported as high by the vast majority of workers. This report is based on responses to the PayScale salary survey.
Job Description for Financial Operations Director
A financial operations director is a very senior position in a company. This position requires a lot of knowledge in various fields, including knowledge in accounting, training in management, and sometimes a solid grasp on marketing strategies. The financial operations director needs to demonstrate a great ability to handle the responsibility that comes with this position, as it requires dealing with the finance department and the executive team. Sometimes the requirements of this senior position dictate forming liaisons with certain clients or major client groups.Read More...
The responsibilities a financial operations director is tasked with include managing operations done strategically for financial operations, supervising managers and accountants, and analyzing, preparing, and writing up reports. A financial operations director has to make sure that the company is in good shape. For that reason, a financial operations director is tasked with keeping an open eye on the company's internal controls and mechanisms to comply with policy and industry guidelines. Proposing investment options that meet top management recommendations is also part of a financial operations director's job. This is done by analyzing operating data and comparing it to industry practices. This is all done in compliance with generally accepted accounting principles and fiscal regulations. This means the financial operations director has to supervise filing periodic corporate income returns with the internal revenue service.
For this job, a post graduate certificate or qualification is needed. A master's in business administration or its equivalent is preferred. This is a job with a fixed schedule, and paid vacation can be expected.
Financial Operations Director Tasks
- Review company financials, including costs, revenue, and expenses.
- Present financial results to the company as well as current and prospective investors.
- Lead financial division of company and work with other directors to ensure a consistent company-wide vision is implemented.
- Establish long-term budgets for the company and forecast financial figures.
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Pay by Experience Level for Financial Operations Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Financial Operations Directors, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Although individuals who have less than five years' experience earn $72K on average, people with five to 10 years benefit from a notably larger average of $95K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $116K. Financial Operations Directors 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 $120K.