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Title
Text copied to clipboard!Director of Finance
Description
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We are looking for a seasoned Director of Finance to join our team and lead our financial department. The ideal candidate will be responsible for guiding the company's financial strategy, ensuring compliance with financial regulations, and overseeing all financial operations. This role involves managing the finance team, developing financial models, forecasting future financial scenarios, and providing strategic financial insights to support decision-making. The Director of Finance will play a crucial role in budgeting, financial reporting, tax planning, and investment management. This position requires a strategic thinker with a strong background in finance, excellent leadership skills, and the ability to work closely with other departments to drive the company's financial success. The successful candidate will be adept at analyzing complex financial information, identifying trends, and making recommendations to optimize financial performance. This role is pivotal in ensuring the financial health and growth of the company, making strategic decisions that affect the overall direction of the organization.
Responsibilities
Text copied to clipboard!- Develop and implement financial strategies aligned with the company's goals.
- Oversee the preparation of all financial reporting, including monthly, quarterly, and annual reports.
- Manage the budgeting process, including forecasting and variance analysis.
- Ensure compliance with statutory law and financial regulations.
- Work closely with the management team to offer strategic financial insights and advice.
- Lead the finance team, providing direction and development opportunities.
- Manage investor relations and communicate financial performance and forecasts.
- Oversee tax planning and compliance activities.
- Conduct risk management by analyzing the organization's liabilities and investments.
- Decide on investment strategies by considering cash and liquidity risks.
- Implement robust financial systems and processes to support the growth of the company.
- Negotiate with banks and financial services for better deals on fees and interest rates.
- Coordinate audits and proper filing of tax returns.
- Develop financial models and analyze data to support business initiatives and project evaluations.
- Monitor and manage the company's cash flow.
- Identify and implement cost-reduction initiatives.
- Ensure accurate and timely financial and regulatory reporting.
- Advise on long-term business and financial planning.
- Establish and develop relationships with senior management and external partners and stakeholders.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Accounting, or related field; MBA or CPA preferred.
- Minimum of 10 years' experience in a senior financial managerial position.
- Strong understanding of financial statistics and accounting principles.
- Working knowledge of all statutory legislation and regulations.
- Professional qualification such as CFA/CPA or similar will be considered a plus.
- Experience in strategic planning and execution.
- Knowledge of finance, accounting, budgeting, and cost control principles.
- Ability to analyze financial data and prepare financial reports, statements, and projections.
- Working knowledge of short and long-term budgeting and forecasting, rolling budgets, and product-line profitability analysis.
- Strong leadership and organizational skills.
- Excellent communication and interpersonal skills.
- Proficiency in financial management software.
- Ability to work under pressure and meet tight deadlines.
- Attention to detail and problem-solving skills.
- Experience in a senior financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies.
- Significant experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting.
Potential interview questions
Text copied to clipboard!- Can you describe your experience in developing financial strategies for a company?
- How do you ensure compliance with financial regulations and laws?
- Can you give an example of a financial model you have developed and how it helped in decision-making?
- How do you approach budgeting and forecasting in a volatile market?
- What experience do you have in managing a finance team?
- How do you stay updated with changes in financial regulations and accounting standards?
- Can you describe a time when you identified a significant financial risk and how you managed it?
- What strategies have you used in the past to reduce costs and improve financial efficiency?
- How do you handle pressure and tight deadlines, especially during financial reporting periods?
- What do you think are the biggest financial challenges facing our industry today?