Finance director jobs specifically oversee the financial-reporting mechanisms to ensure that records are in accordance with generally accepted accounting principles. They are helping in the evaluation of the company's liquidity levels and monitoring cash trend's effect on the operating performance of the company. Finance director jobs are similar with those of accounting managers, controllers and lending vice presidents among other related profession. Their roles are vital and critical in the daily operation of an organization, including non-profit and for-profit companies. To land any Finance director jobs, some myths surrounding this career need to be dispelled.
One of the myths surrounding finance director jobs is that an education in finance or accounting can easily land you one of these lucrative and powerful careers in the job market. Although it cannot be denied that a bachelor's degree or master's degree in finance or accounting can lead you to finance director jobs, it is important to note that a bachelor's degree in liberal arts combined with a significant practical experience in the field also attract employers. Take for example in the case of a contract finance director, this position does not only require knowledge of accounting principles but does require knowledge of laws on contracting and finance. Finance director jobs are not solely dependent on the education of the person holding these positions but also on working knowledge of law and management and people skills. It is equally important to have developed skills and expertise in a specific area of financing or area of industry to further boost your credentials for any vacant finance director jobs. Common certifications that confirm and verify your excellence in the occupation include certified financial manager, chartered financial analyst and certified public accountant. Another myth surrounding finance director jobs is that you must work ''by the book'' to ensure success in any business dealings. This is not to be taken literally since among the skills that a finance director must possess are acumen and skills which involve active listening, decision-making and judgment, reading comprehension, time management, a knack for evaluating economic risks, management of personnel resources and analytical dexterity. These attributes are not developed in school but rather through years of experience in various jobs or positions held prior to getting to the finance director post. Success in executing finance director jobs efficiently and effectively comes from keen attention to detail and effective communication skills.
The last myth that needs to be dispelled is brought about by the fast changing world of doing things in an organization. With the advent of computers and modern technology, finance director jobs of today require technological adeptness from aspiring applicants. Finance directors today rely heavily on state-of-the-art technological equipment and tools when charting corporate policies that staff must follow. Among the tools that finance director jobs demand are database user interface and query software, mainframe computers, financial analysis software and enterprise resource planning applications. Other financial tools that finance directors rely on in executing their duties and responsibilities include project management programs, analysis and reporting software, financial accounting, content workflow applications and information retrieval or search software. Compensation for finance director jobs varies depending on the academic training, practical experience, company for which they work and professional credentials. A government data showed that the average annual salary for finance director was at $99,330 as of 2008 and was slightly increased in the following two years ranging from $74,100 to $149,800 as of 2010.
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