Director of Financial Reporting Job Description [Updated for 2025]

In the world of business finance, the role of a Director of Financial Reporting has become increasingly vital.

As economies continue to evolve and financial regulations tighten, the demand for skilled professionals who can create, manage, and enhance our financial reporting systems is escalating.

But let’s delve deeper: What does a Director of Financial Reporting really do?

Whether you are:

• A job seeker trying to comprehend the crux of this role,
• A hiring manager formulating the perfect candidate profile,
• Or just curious about the intricacies of financial reporting,

You’ve landed in the right spot.

Today, we present a customizable Director of Financial Reporting job description template, devised for effortless posting on job boards or career sites.

Let’s get started.

Director of Financial Reporting Duties and Responsibilities

A Director of Financial Reporting oversees the production of financial reports and statements, ensuring accuracy, compliance with financial regulations, and timely submission to relevant stakeholders.

The Director of Financial Reporting has the following duties and responsibilities:

• Oversee the preparation of quarterly and annual financial statements and reports
• Ensure all financial reporting is in compliance with financial regulations and standards
• Coordinate with internal and external auditors for annual audit processes
• Review and analyze financial data to identify discrepancies, trends, and financial performance
• Develop and implement improved practices for financial reporting processes
• Provide financial insights and recommendations to senior management for strategic decision-making
• Manage and mentor the financial reporting team, ensuring they are updated with the latest accounting standards and regulations
• Communicate with regulatory agencies and external stakeholders regarding financial reporting matters
• Facilitate the implementation of new or updated accounting standards within the organization

 

Director of Financial Reporting Job Description Template

Job Brief

We are seeking a highly skilled and experienced Director of Financial Reporting to oversee our company’s financial reporting and budgeting operations.

In this role, you will ensure the accuracy and integrity of all financial data, supervise the preparation of all internal and external financial reports, and develop budgets and financial forecasts.

Our ideal candidate has a strong background in accounting, excellent problem-solving abilities, and a knack for financial forecasting.

Prior experience in a similar role is a significant advantage.

 

Responsibilities

• Oversee the preparation and issuance of the company’s financial statements
• Manage internal and external audits to ensure compliance
• Develop, implement, and maintain financial and accounting policies and procedures
• Analyze financial data and present financial reports in an accurate and timely manner
• Ensure compliance with local, state, and federal budgetary reporting requirements
• Monitor and predict future trends and forecast company financials
• Coordinate with management team to develop financial plans and budgets
• Implement and maintain internal financial controls and procedures
• Assist in managing relationships with investors and investment analysts

 

Qualifications

• Proven experience in a financial management role, preferably in a leadership position
• Strong understanding of GAAP and financial reporting principles and practices
• Proficiency with accounting software, databases and financial analysis tools
• Advanced MS Excel skills including Vlookups and pivot tables
• Professional certification such as CFA/CPA or similar will be considered a plus
• Strong analytical, decision-making, and management skills
• Excellent communication skills, both written and verbal
• Bachelor’s degree in Accounting, Finance, or related field; Master’s degree preferred

 

Benefits

• 401(k) retirement plan
• Comprehensive health insurance
• Dental and vision insurance
• Generous paid time off
• Employee assistance program
• Continuing education and professional development opportunities

 

Additional Information

• Job Title: Director of Financial Reporting
• Work Environment: Office setting with options for remote work. Occasional travel may be required for meetings or trainings.
• Reporting Structure: Reports to the Chief Financial Officer.
• Salary: Salary is commensurate with experience and qualifications, as well as market and business considerations.
• Pay Range: $125,000 minimum to $180,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Director of Financial Reporting Do?

A Director of Financial Reporting typically works in the finance or accounting department of a corporation, overseeing the team responsible for preparing and presenting financial information.

They can also work for financial consulting firms or as independent financial advisors.

Their main role is to oversee the preparation of financial statements, ensuring they are accurate, complete, and in compliance with accounting standards, legal requirements, and company policies.

These statements include balance sheets, income statements, cash flow statements, and notes to the accounts.

In addition to this, they are also responsible for coordinating with internal and external auditors during financial and operational audits.

They review and analyze financial data, identify discrepancies or issues, and provide recommendations for improving financial performance.

The Director of Financial Reporting also plays a crucial role in financial planning and budgeting, helping to develop financial forecasts and providing financial insights to support strategic decisions.

Moreover, they continually monitor and update accounting policies and procedures, ensuring that the organization stays up-to-date with changes in accounting standards and regulations.

They may also be involved in special projects like mergers and acquisitions, providing financial analysis and advice.

Their job is not only to ensure the accuracy and integrity of financial reports but also to communicate financial information effectively to management, board of directors, investors, and other stakeholders.

 

Director of Financial Reporting Qualifications and Skills

A Director of Financial Reporting should possess a mixture of technical skills, management skills, and a deep understanding of financial principles.

The qualifications and skills required for this role include:

• Proven experience in financial reporting and analysis, ideally within the same industry, to ensure accurate and efficient reporting of the company’s financial status.
• Comprehensive understanding of accounting principles, financial markets, and tax codes in order to accurately report financial data and adhere to regulations.
• Strong leadership skills to manage and guide the financial reporting team. This includes being able to motivate and mentor team members, manage workloads, and resolve conflicts.
• Exceptional attention to detail to ensure the accuracy of financial reports and the ability to spot anomalies or discrepancies in financial data.
• Excellent communication and interpersonal skills to effectively convey financial information to non-financial audiences, and to collaborate with various departments.
• Problem-solving and analytical skills to understand complex financial information and provide insights and solutions based on this information.
• Advanced knowledge of financial software and systems, and proficiency in Microsoft Office Suite, particularly Excel, for creating and maintaining financial reports.
• Time management and organizational skills to meet deadlines and juggle multiple tasks.
• A Bachelor’s or Master’s degree in Finance, Accounting or a related field, and professional certifications such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA) are typically required.

 

Director of Financial Reporting Experience Requirements

Candidates for the role of Director of Financial Reporting generally require a significant amount of experience, often 7 to 10 years, in finance, accounting, or a related field.

This experience is typically gained through progressively responsible roles within the finance department of an organization.

Prior roles may include Financial Analyst, Senior Financial Analyst, Financial Reporting Manager, or other similar positions where the candidate has had the opportunity to develop their skills in financial reporting, analysis, and budgeting.

Candidates should also have a strong background in managing teams, as this position often involves overseeing a financial reporting department.

Experience in setting financial policies, procedures, and controls is also typically required.

In addition to practical work experience, candidates often hold advanced degrees in finance, accounting, or business administration.

Many employers prefer candidates with professional certifications such as a Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Certified Management Accountant (CMA).

Finally, because the Director of Financial Reporting often plays a key role in strategic planning, candidates with experience in strategic financial planning and analysis are highly desirable.

This experience may be gained through roles such as Strategic Financial Analyst or Director of Finance.

 

Director of Financial Reporting Education and Training Requirements

A Director of Financial Reporting typically holds a bachelor’s degree in finance, accounting, or a related field.

They require a strong foundation in accounting principles and financial management practices.

Knowledge in federal, state, and local compliance laws is also essential for this role.

Many organizations prefer candidates who have a Master’s in Business Administration (MBA) or a Certified Public Accountant (CPA) certification for this role.

The CPA certification provides an edge as it demonstrates in-depth knowledge in auditing, business law, taxation, and accounting.

An MBA, on the other hand, indicates the potential for leadership and a deeper understanding of business operations.

Often, a minimum of five to ten years of related experience in financial reporting, auditing, or accounting is required, preferably within a leadership role.

Continued professional education, such as courses in advanced financial reporting, strategic financial management, or financial analysis, can also be beneficial to keep abreast of the latest industry trends and regulations.

Moreover, expertise in financial software applications and systems, data analysis, and reporting tools is also essential.

 

Director of Financial Reporting Salary Expectations

The average salary for a Director of Financial Reporting is $127,780 (USD) per year.

However, this figure can vary significantly based on factors such as the individual’s level of experience, the size and type of the company, and the geographical location.

 

Director of Financial Reporting Job Description FAQs

What are the key qualifications for a Director of Financial Reporting?

The Director of Financial Reporting should hold a bachelor’s degree in finance, accounting, or related fields.

However, a master’s degree in finance or an MBA is preferred.

They should be a Certified Public Accountant (CPA) and have a minimum of 10 years of experience in accounting or finance.

Advanced knowledge of GAAP, IFRS, SEC regulations, and financial reporting is essential.

Strong analytical, organizational, and leadership skills are also critical for this role.

 

What are the typical daily responsibilities of a Director of Financial Reporting?

The Director of Financial Reporting oversees the preparation and submission of periodic financial reports to company management and regulatory authorities.

They ensure compliance with accounting standards and regulations, review financial data for accuracy, clarity, and completeness, and manage the financial reporting staff.

They may also be involved in the development and implementation of financial reporting systems and processes to improve efficiency and effectiveness.

 

What qualities make a successful Director of Financial Reporting?

A successful Director of Financial Reporting is detail-oriented and has strong analytical skills.

They have a deep understanding of financial regulations and reporting procedures, and can effectively interpret and communicate financial information.

They are also strong leaders who can manage a team and work cross-functionally with other departments.

 

Is it challenging to hire a Director of Financial Reporting?

Hiring a Director of Financial Reporting can be challenging due to the specific requirements and qualifications needed for the role.

Candidates should have a strong background in finance or accounting, proven leadership skills, and thorough knowledge of financial regulations and reporting procedures.

Therefore, it may require a diligent search and a competitive compensation package to attract the right candidate.

 

What should you look for in a Director of Financial Reporting resume?

A strong resume for a Director of Financial Reporting role should highlight relevant education, including a degree in finance or accounting and preferably, CPA certification.

It should also detail substantial experience in financial reporting roles with increasing responsibility, a history of leadership, and evidence of proficiency in financial reporting software.

The candidate should also demonstrate knowledge of GAAP, IFRS, and SEC regulations.

 

Conclusion

And there we have it.

Today, we have unlocked the essence of what it really means to be a Director of Financial Reporting.

Surprised?

It’s not just about crunching numbers.

It’s about shaping financial strategies, one spreadsheet at a time.

Armed with our handy Director of Financial Reporting job description template and real-world examples, you’re more than ready to make your move.

But why limit yourself?

Go the extra mile with our job description generator. It’s your ultimate tool for crafting laser-precise job listings or refining your resume to its peak potential.

Always remember:

Every number tells a story. Every spreadsheet paints a bigger picture.

Let’s shape that financial future. Together.

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