Assistant Director of Finance Job Description [Updated for 2024]

assistant director of finance job description

In the world of business, the importance of the Assistant Director of Finance has never been more critical.

As the global economy grows, so does the demand for experienced professionals who can effectively manage, strategize, and safeguard a company’s financial assets.

But let’s delve deeper: What’s truly expected from an Assistant Director of Finance?

Whether you are:

  • A job seeker trying to understand the scope of this role,
  • A hiring manager outlining the perfect candidate,
  • Or simply curious about the intricate details of finance management,

You’ve come to the right place.

Today, we unveil a comprehensive Assistant Director of Finance job description template, crafted for easy posting on job boards or career sites.

Let’s dive in.

Assistant Director of Finance Duties and Responsibilities

The Assistant Director of Finance assists in the management and operation of the finance department, providing financial advice and support to help senior executives make key decisions.

They have the following duties and responsibilities:

  • Assist in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, and/or payroll
  • Supervise and participate in the preparation of various financial statements and reports
  • Direct the installation and maintenance of accounting records to show receipts and expenditures
  • Monitor and review accounting and related system reports for accuracy and completeness
  • Implement and monitor control systems to prevent fraud and manage resources
  • Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents
  • Explain billing invoices and accounting policies to staff, vendors and clients
  • Resolve accounting discrepancies
  • Recommend, develop and maintain financial databases, computer software systems and manual filing systems
  • Interact with internal and external auditors in completing audits
  • Assist in the management of the department budget and forecasts

 

Assistant Director of Finance Job Description Template

Job Brief

We are seeking a seasoned and detail-oriented Assistant Director of Finance to oversee our company’s financial operations and to ensure our financial position is well managed.

The candidate will assist in budget preparation, financial forecasting, financial analysis, and managing financial reporting systems.

The ideal candidate should be experienced in all aspects of financial management, and have a strong understanding of corporate finance law and risk management practices.

 

Responsibilities

  • Assist in the development and execution of financial strategies for the company
  • Prepare financial reports and interpret financial information to managerial staff
  • Monitor the day-to-day financial operations such as payroll, invoicing, and other transactions
  • Prepare annual budgets and financial forecasts in cooperation with other executives
  • Track the company’s financial status and performance to identify potential challenges and areas for improvement
  • Ensure compliance with financial regulations and standards
  • Provide strategic financial input and leadership on decision-making issues
  • Manage organizational cash flow and forecasting
  • Develop and manage financial systems and policies

 

Qualifications

  • Proven experience as an assistant director of finance, finance manager or relevant role
  • In-depth knowledge of corporate finance and accounting principles, laws and best practices
  • Solid knowledge of financial analysis and forecasting
  • Proficient in the use of MS Office and financial management software (e.g. SAP)
  • An analytical mind with a strategic ability
  • Excellent organizational and leadership skills
  • Outstanding communication and interpersonal abilities
  • BSc/BA in accounting, finance or relevant field; MSc/MA is a plus
  • CPA or other relevant qualification is a plus

 

Benefits

  • 401(k)
  • Health insurance
  • Dental insurance
  • Retirement plan
  • Paid time off
  • Professional development opportunities

 

Additional Information

  • Job Title: Assistant Director of Finance
  • Work Environment: This role primarily operates in a professional office environment and routinely uses standard office equipment.
  • Reporting Structure: Reports to the Director of Finance.
  • Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
  • Pay Range: $80,000 minimum to $150,000 maximum
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Full-time
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Assistant Director of Finance Do?

An Assistant Director of Finance typically works within the finance department of an organization, providing support to the Director of Finance.

Their role is multifaceted, encompassing financial management, budget planning, and strategy formulation.

They assist in the development and implementation of financial policies and procedures to ensure the financial stability of the organization.

They are usually responsible for preparing financial reports, analyzing financial data, forecasting future financial performance, and making recommendations based on their analysis.

The Assistant Director of Finance also assists in managing the organization’s budget, working closely with various department heads to ensure that their financial plans are in line with the organization’s strategic objectives.

They may also be involved in auditing activities, ensuring compliance with financial regulations and standards, and managing relationships with external auditors and stakeholders.

In some organizations, the Assistant Director of Finance may also be involved in evaluating and managing financial risks, investments, and the organization’s overall financial strategy.

Their role often requires them to work collaboratively with various departments to streamline financial processes and improve financial performance.

It is a role that requires not only a strong understanding of financial management but also strategic thinking and strong leadership skills.

 

Assistant Director of Finance Qualifications and Skills

An Assistant Director of Finance must possess a mix of financial expertise, leadership abilities, and strategic thinking skills, including:

  • Deep understanding of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles (GAAP).
  • Strong analytical skills to gather and summarize data for reports, find solutions to various administrative problems, and prioritize work.
  • Exceptional leadership skills to direct and oversee the financial activities of the organization, manage and lead staff, and work with other department heads.
  • Superb communication skills to present financial information to board members, stakeholders, and staff in a clear and concise manner.
  • Ability to adapt to changes in the financial environment and adjust plans and strategies as necessary.
  • Experience with financial software and advanced proficiency in Microsoft Excel to create financial reports and forecasts.
  • Sound knowledge of regulatory and legal requirements pertaining to financial and risk management.
  • Strategic thinking and decision-making skills to guide the financial planning of the organization.
  • Excellent organizational skills to manage and prioritize various responsibilities effectively.

 

Assistant Director of Finance Experience Requirements

Entry-level candidates for Assistant Director of Finance positions typically have a minimum of 3 to 5 years of relevant work experience.

This can be achieved through roles such as Financial Analyst, Accounting Manager, or other finance-related positions.

Candidates at this level should have a firm grasp of financial principles and practices, as well as experience with financial forecasting and budgeting.

They should also have a solid understanding of financial software and systems, and they may be required to have experience with specific systems depending on the organization’s needs.

Candidates with 6 to 10 years of experience often have the requisite skills for an Assistant Director of Finance role.

They should have extensive experience with financial planning, budgeting, and reporting, as well as a record of successful financial management.

Those with more than 10 years of experience may have gained substantial leadership experience.

They may have supervised teams and managed complex financial operations.

They may also have experience managing relationships with stakeholders, regulators, and auditors, which can be beneficial in an Assistant Director of Finance role.

It’s also worth noting that experience in a specific industry can be very beneficial.

For example, someone applying for an Assistant Director of Finance position at a healthcare organization might be favored if they have significant experience in healthcare finance.

Lastly, many organizations require their Assistant Director of Finance to have professional certifications, such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Certified Management Accountant (CMA).

These certifications demonstrate a high level of expertise and are typically obtained after several years of work experience.

 

Assistant Director of Finance Education and Training Requirements

An Assistant Director of Finance typically holds a bachelor’s degree in finance, accounting, business administration, or a related field.

They need a strong foundation in finance principles, budgeting, financial reporting, and strategic planning.

Knowledge in accounting software and other financial management tools is also necessary.

Some positions may require an Assistant Director of Finance to have a master’s degree in finance, business administration (MBA), or a related field.

This advanced education usually prepares the candidate for leadership roles and provides a deeper understanding of corporate finance and management strategies.

Certifications such as Certified Public Accountant (CPA), Certified Financial Planner (CFP), or Chartered Financial Analyst (CFA) can also be beneficial and sometimes required.

These certifications showcase the candidate’s expertise in financial planning, analysis, and regulatory compliance.

Given the evolving nature of financial regulations and systems, ongoing professional development and training are also important for maintaining updated knowledge and skills in the field.

 

Assistant Director of Finance Salary Expectations

The average salary for an Assistant Director of Finance is $97,512 (USD) per year.

However, the actual compensation may differ based on factors such as industry, years of experience, education level, and geographical location.

 

Assistant Director of Finance Job Description FAQs

What skills does an Assistant Director of Finance need?

An Assistant Director of Finance should have strong analytical and decision-making skills to analyze financial reports and propose effective financial strategies.

They should also possess excellent leadership and communication skills to lead the finance team and clearly communicate financial information to other departments.

Additionally, they should have good knowledge of financial forecasting, accounting, and corporate finance.

 

What qualifications does an Assistant Director of Finance need?

Most employers require an Assistant Director of Finance to have a Bachelor’s degree in Finance, Accounting, or a related field.

Some prefer candidates with a Master’s degree in Business Administration (MBA) or a relevant field.

Professional certification, such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA), is often desirable.

They should also have several years of experience in finance or accounting, with a proven track record in a managerial role.

 

What are the day-to-day responsibilities of an Assistant Director of Finance?

An Assistant Director of Finance typically oversees the daily operations of the finance department, which can include tasks such as reviewing and approving financial reports, monitoring the budget, and supervising the finance team.

They may also be responsible for financial planning, risk management, and developing financial strategies to achieve the company’s goals.

This role may also involve liaising with auditors and regulatory bodies.

 

What qualities make a good Assistant Director of Finance?

A good Assistant Director of Finance is highly analytical and detail-oriented, with a keen eye for interpreting financial data.

They need to have strong leadership qualities to manage and inspire their team.

They should have excellent communication skills, as they need to present complex financial information to non-financial staff members.

Also, they should have the ability to work under pressure and make critical decisions in a fast-paced environment.

 

What should you look for in an Assistant Director of Finance’s resume?

A strong candidate for an Assistant Director of Finance will have a solid educational background in finance or a related field, as well as relevant professional certifications.

Their resume should also demonstrate significant experience in financial management, with a focus on strategic planning and risk management.

Look for proven leadership experience and the ability to work with cross-functional teams.

They should also demonstrate proficiency in financial software and an understanding of regulatory standards.

 

Conclusion

And there you have it.

Today, we’ve unraveled the intricate details of what it truly means to be an Assistant Director of Finance.

Surprise!

It’s not just about crunching numbers.

It’s about sculpting the financial trajectory of a company, one budget at a time.

With our all-encompassing Assistant Director of Finance job description template and real-life examples, you’re prepared to take the next step.

But why limit yourself?

Delve deeper with our job description generator. It’s your ultimate tool for creating precision-tailored listings or refining your resume to flawlessness.

Remember:

Every financial decision is a piece of the company’s overall success.

Let’s shape that future. Together.

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