Finance Director in Toronto, Ontario Salary (Canada)
A Finance Director in Toronto, Ontario earns an average salary of C$118,005 per year. Most people in this job have more than five years' experience in related jobs. A skill in Financial Modeling is associated with high pay for this job. For the first five to ten years in this position, pay increases steeply, but any additional experience does not have a big effect on pay.
|Salary||C$89,441 - C$150,934|
|Bonus||C$7,000 - C$34,392|
|Profit Sharing||C$1,939 - C$25,856|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|C$92,071 - C$174,747|
Job Description for Finance Director
Finance directors hold a leadership position, so general management duties such as scheduling, hiring, and carrying out performance evaluations may be necessary. These directors generally lead a finance team in creating strategic plans regarding the company's finances; this includes both accounting duties and financial analyses and projections. The team which the finance director leads should identify risks and areas in need of improvement so the company can identify mistakes before they come to realization and further increase profits.Read More...
Aspiring finance directors should have a master’s degree in business administration, economics, finance, or a related field, though some employers will accept applicants who have a bachelor’s degree; years of experience in the financial field are also typically required for the position.
Strong teamwork skills are important in this position in order to work seamlessly with co-workers, and both written and verbal communication skills are also important. Finance directors also create financial reports on a periodic basis; these reports may need to be presented to upper management, so it is important to be able to speak well in front of small or large crowds. In some positions, finance directors may need to identify potential fields which can be tapped for the growth of the company. This work is generally carried out in an office environment, and some travel may occasionally be required if the areas directed span multiple offices and/or branches. This is usually a full-time position. (Copyright 2018 PayScale.com)
Finance Director Tasks
- Manages the preparation of budgets, forecasts and accounting activities.
- Directs the staff operations, business planning and budget development and compliance for the department.
- Oversees the preparation of regulatory and financial reporting as required, and ensures compliance.
- Develops policies and procedures to control and report financials.
Finance Director Job Listings
Pay by Experience Level for Finance Director
Pay by Experience for a Finance Director has a positive trend. An entry-level Finance Director with less than 5 years of experience can expect to earn an average total compensation of C$105,000 based on 9 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$130,000 based on 30 salaries. An experienced Finance Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$135,000 based on 51 salaries. A Finance Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$135,000 based on 15 salaries.
Key Stats for Finance Director
Rated 5 out of 5
based on 21 votes.