Director of Finance Job Description: Top Duties and Requirements

A Director of Finance, or Controller, is an individual who manages the financial and accounting departments for an organization. Their main duties include evaluating and directing accounting, audit or financial departments, developing financial policies for an organization, and evaluating and improving records systems already in place.

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Director of Finance duties and responsibilities

The Director of Finance takes on the responsibility of everything related to finance and accounting or auditing in a corporation. Some tasks a Director of Finance may be expected to perform daily include:

  • Develop a plan for accounting, finance, and auditing departments
  • Create reports and evaluate internal reporting systems
  • Create and execute a plan to improve the management of financial statements and audit documentation
  • Establish profitability standards and financial goals for the company
  • Report all financial discrepancies or report findings to upper management
  • Act as the liaison between upper management and shareholders
  • Establish and control budgets across all departments
  • Hire, train, and manage senior management staff
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Director Of Finance Job Description Examples:


Example 1

On behalf of our client, Abundance Canada, we are recruiting for a Director of Finance to join their team located in Winnipeg, Manitoba. Established in [phone number], Abundance Canada is a public foundation that serves charities in Canada and beyond and offers donor-advised funds. In [phone number]Abundance Canada’s charitable disbursements were more than 17% of its’ +$217 million asset base. Founded on a biblical understanding of generosity, Abundance Canada assists individuals in achieving their philanthropic goals through the development and implementation of a Generosity Plan™. Reporting to the CEO, the Director of Finance is a key member of the leadership team and provides strategic vision and direction for the financial success of the organization. This position will be responsible for the day-today financial activities of the organization including investment and financial management, accounting, reporting, internal controls, audit and adherence to various regulations, analysis, budgeting, forecasting, business development and strategic planning. Key Financial Management:
  • Provide strategic vision and direction for the financial success of Abundance Canada
  • Direct and manage the daily operations of the accounting department
  • Maintain, evaluate and recommend improvements to the accounting processes, software and internal controls of Abundance Canada
  • Develop and monitor the annual budget including forecasting revenues and expenses, and analyzing variances
  • Prepare monthly financial reports and the annual budgets for the Board of Directors
  • Review financial data to ensure compliance with budgets and accounting policies
  • Develop and maintain policies and procedures and ensure compliance in areas including donor-advised funds (DAF), gift acceptance, valuation of gifts in kind, cyber security and privacy legislation
  • Ensure accounting software addresses current needs and plan upgrade requirements for the future
  • Work with the Operations Manager to ensure accounting data is backed up, secure and disaster recovery is tested on a regular basis
  • Work with the Audit committee and external auditors to plan for and complete the annual audit
  • Prepare audit working papers, review audited statements and present to the Audit committee and Board
  • File all tax returns, Provincial registrations and required documents efficiently and on time
  • Perform special assignments and any other duties as required Investments, Insurance and Gift Planning:
  • Establish and maintain investment, brokerage and bank accounts as required
  • Manage Abundance Canada’s cash flow and investment portfolios, determining when to invest or cash out applicable investments Work with the Investment Advisory committee to develop and maintain investment policies, recommend changes to and ensure compliance with existing policies, regularly review the performance of the external investment managers, and develop, distribute and review RFPs if any changes are required with the external investment managers
  • Ensure the organization has in place and maintains adequate insurance coverage
  • Stay informed of provisions in the Income Tax Act of Canada and CRA policies that apply to charities, acceptance and valuation of donations and issuing donation receipts
  • Work with the Director of Gift Planning to develop gift planning strategies
  • Ensure any Abundance Canada related business activities are in compliance with regulations and guidelines for charities
  • Process gifts of securities (publicly traded and private)
  • Provide support for staff with GIK (Gift-In-Kind) policy interpretation, processing of paperwork, valuation of, etc.
  • Work directly with professional advisors in processing GIKs and answering their questions Leadership and Board of Directors Support:
  • Work with the leadership team to provide strategic vision and direction for the success of Abundance Canada
  • Lead, coach and mentor accounting staff
  • Present and train staff on policies, procedures and best practices related to all applicable financial and investment areas
  • Attend Board of Directors meetings as required
  • Assist the Board with policy development related to finance, accounting, investments and risk management Skills and Qualifications
  • Completion of a recognized accounting designation (CPA) or equivalent experience
  • Minimum of five years of financial management and supervisory experience in a non-profit organization
  • Investment management experience is an asset
  • Aptitude for learning new software applications (Accounting and Investment related)
  • Excellent oral and written communication skills
  • Able to work independently and work effectively in a team environment
  • Detail oriented with excellent analytical and technical skills
  • Exceptional time-management and organizational skills If you feel you have the demonstrated background and are interested in learning more about this exciting opportunity, please submit your resume in confidence to or call Kamalita Ketler at [website]
  • Example 2

    Company Description GURU is natural, it’s 20 years of history and it’s an ambition to grow! GURU shares its good bio energy for people to live their passions and do extraordinary things! Our mission is simple & bold. *Clean up the Toxic Energy Drink Industry.* Here you HAVE to be authentic. With us you are encouraged to have an entrepreneurial mind. Here you NEED to have the passion and the energy to follow the growth we have! Job Description* Your main responsibilities in the GURU Finance Team: * GURU is looking for a new member to join our Team! This person will report to the CFO; She is passionate and visionary to the bone. She is also a model of perseverance and success. Great model to work with and learn from, trust me! *Finance Director* * Directing financial planning and strategy. * Analyzing and reporting on financial performance. * Overseeing audit and tax functions. * Support [phone number]Controls Review and Effectiveness * Preparing forecasts and comprehensive budgets. * Managing Employee’s incentive programs * Reviewing departmental budgets. * Assessing, managing, and minimizing risk. * Analyzing complex financial data. * Managing treasury *Forward-looking financial matters* * Manage and update the P&L outlook on a monthly basis – [website] the budget updated for actuals and teams’ latest forecasts and expenses * Prepare and manage the twelve-month cash flow statement, including credit facility management * Update and optimize financial modeling and outlook * Prepare the quarterly management deck to be presented at quarterly board meetings * Support team in regular review of revenue productivity by SKU, by banner/ client * Support team in COGs management and optimization * Perform other analyses requested by the CFO/ CEO *Financial Reporting, Disclosure and Compliance matters* * On a monthly basis, prepare and update financial outlook for S&OP Process (Sales and Operational Planning Meeting) * On a quarterly basis, works with our PR team for the completion of the Management’s Discussion & Analysis (MD&A), Investor Presentation, Fact Sheet and related press releases * On an annual basis, prepare the Annual Information Form (AIF), the Management Proxy Circular and the for the annual general meeting of shareholders * Manage any and all interactions with the TSX and other regulatory bodies * Participate in the year-end audit for financial disclosure and finalization of the financial statements *Your main implication in our growth: * * Act as a leader and define opportunities for sustainable growth * Provide accurate and timely forecasting * Support our rapid growth in improving and adding efficient and simple structure (and tools) * Bring new ideas, challenge current practices, heavily contribute to our evolution * Support growth in different new territories and channels Qualifications* Requirements* * University degree in Finance or Accounting, CPA required * 8 to 10 years in an FP&A position in a public company fast-growing international environment or in public accounting firm (public accountancy responsibility) * Bilingual - Advanced English and French spoken and written is a must * Experience in complex financial modeling is a must * Experience in financial planning and budget control is a must * Strong knowledge of all aspects of the financial and accounting functions * Experience in and multi-currency environment *Skills* * Highly detail oriented and organized in work * Advanced Commercial Acumen and strategic mindset * Strong interpersonal skills – ability to interact and adapt to various stakeholders and GURU teams (Sales, Marketing, Logistics, Ops, Finance) * Excellent computer skills and advanced knowledge of Excel * Accuracy in daily work and other projects * Ability to manage pressure well and meet schedules and deadlines in a fast-paced environment Additional Information* At GURU you receive more than just a paycheck: * * Share the benefits with a Stock Option Program * We partner with you to allow you to excel everyday by offering a health & dental benefits as well as subsidized healthy lunches! * You are part of a Team that actively involves you in its growth and strategy * Integration into a genuine company that values integrity and puts its employees first * Having the best of both worlds - Entrepreneurial mindset culture with structure * Being part of a young and passionate team that likes to have fun * Free GURU, all day, everyday! Location: [phone number]Rue Waverly, Montréal, QC Job Type: Full-time

    Example 3

    *About Bench Brewing: * Located in the heart of Niagara’s wine country, our farmhouse brewery is located on the site of the historic Maple Grove Public School in Beamsville, Ontario. Our brewery is a place for our guests to relax, learn, and experience the craft of brewing beer. The Bench Brewing Campus sits across eight beautiful acres and features a 50hL brewing system, a tap and tasting room, a beer garden, a ‘funk house’ for our wild ale and barrel fermentation program, and our very own hops field. *The Role* Reporting to the President, the Director of Finance is a member of the senior leadership team and is responsible for all accounting and financial operations of the company. This includes all aspects of accounting and financial planning and analysis, as well as implementing financial reporting systems and processes. This individual will also oversee Bench’s comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that reported results comply with generally accepted accounting principles. The Director of Finance is accountable for the company’s annual budget process, cash management, and financial standard operating procedures. *Responsibilities* * Lead, manage, coach and develop the accounting team, which consists of two direct reports. Responsible for the integrity of the finance department. * Oversees and is accountable for the full-cycle accounting team and their functions (i.e. A/P, A/R, cash management). * Management and oversight of daily, month end/quarter end/year end closing procedures, ensuring results are accurate and timely. * Lead and assist with timely annual audit and income tax filings. * Ensure compliance with local, provincial, and federal government reporting and regulations. * Work with General Manager on building and maintaining a rolling 5-year strategic and financial plan, analyzing performance and risks. * Prepare detailed quarterly forecast updates to track progress towards annual budget. * Prepare timely and accurate variance analysis as required by President, Shareholders and Lenders. * Lead and coordinate the preparation of the corporate annual report. * Support the General Manager on all financial planning and analysis needs, including pricing and margin analysis. * Work with the Director of Operations on inventory management, inventory counts, and reconciliation. * Monitors and provides insight into Bench’s established benchmarks in order to measure the performance of company operations relating to the taproom and restaurant, production, and commercial sales. * Monitor debt levels and compliance with debt covenants. * Participate in the identification, design, and implementation of process improvement opportunities, including internal controls with respect to financial policies, processes, and procedures. * Drives improved performance in the business through creating and promoting enhanced reporting and measurement tools. * Develops excellent working relationships with internal stakeholders while providing financial expertise and analysis that will support the achievement of strategic business objectives. * Assists in securing additional financing and development of growth opportunities. * Provides leadership, guidance, recommendations, and implementation oversight for technologies/software relating to the financial planning and analytical reporting services. * Bachelor’s Degree in Accounting or Finance. CPA designation strongly preferred but not required. * 7+ years financial and accounting experience, including budgeting, financial modelling, and analysis * 3-5 years experience in managing and leading an accounting team * Proficiency with ERP systems. Familiarity with NetSuite specifically considered a strong asset. * Strong interpersonal skills * Strong mathematical and analytical skills * Strong organizational skills; attention to detail * Proven track record of leadership and problem solving. Motivation skills are vital. * The drive to win as a team – collaborating to achieve success is what we do here at Bench. * A willingness to lift the occasional keg or case of beer! Job Types: Full-time, Permanent Benefits: * Casual dress * Company events * Dental care * Disability insurance * Discounted or free food * Extended health care * Life insurance * On-site parking * Paid time off * Store discount * Vision care * Work from home Schedule: * Monday to Friday Application question(s): * What are your compensation expectations? Education: * Bachelor's Degree (preferred) Experience: * budgeting, financial modelling, and analysis: 7 years (preferred) * managerial: 3 years (preferred) * ERP systems: 7 years (preferred) * full cycle accounting: 7 years (preferred) * Chartered Professional Accountant (preferred) Work remotely: * Temporarily due to COVID-19

    What does a Director of Finance do?

    A Director of Finance is responsible for the financial departments of an organization. They control and execute plans to maintain the financial standards of the company. They implement procedures and create blueprints for reporting and evaluations. They are also responsible for preparing and analyzing financial statements, and managing all fiscal reporting. One of the most important goals of the Director of Finance is to manage the company’s finances in a manner that allows for maximum efficiency and profitability. The Director of Finance is also responsible for hiring and training staff in the financial and accounting departments.

    Director of Finance skills and qualifications

    A strong Director of Finance candidate possesses a variety of skills and qualifications necessary for filling such an important position within the organization. Skills and qualifications to look out for in a prospective candidate include:

    • Strong attention to detail
    • Excellent knowledge of mathematics, accounting, and finance principles
    • Exceptional organizational skills
    • Strong reporting and analytical skills
    • Ability to manage and balance budgets
    • Great communication skills
    • Ability to work under pressure
    • Ability to manage several teams and projects at once

    Director of Finance experience requirements

    As a management position, a Director of Finance candidate is expected to have more than a few years of experience working in finance, accounting, auditing, or a related field. The best candidates also have ample, proven leadership experience in middle management or other roles within the finance department or field.

    Director of Finance education and training requirements

    A Director of Finance candidate usually has a university degree in finance, accounting, business administration or a related field of study. As they need to manage the accounting and auditing departments, candidates with an additional designation such as Chartered Professional Accountant (CPA), Certified Treasury Professional (CTP), or Chartered Financial Analyst (CFA) are an asset. An applicant with a Master’s in Business Administration (MBA) is considered a very strong candidate for the position.

    Director of Finance salary expectations

    According to Indeed Salaries, the average Director of Finance in Canada earns a salary of $106,340 per year. Salaries may vary based on factors like geographical location, the size of the organization, and the employee’s level of experience and education.

    Job description samples for similar positions

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    Director of Finance job description FAQs

    What is the difference between a Director of Finance and a Finance Manager?

    The Director of Finance plans, controls, and oversees the inner workings of the finance, accounting, and auditing departments of an organization. They provide their team with direction to reach company targets and maximize profit. By comparison, a Finance Manager works within the same departments but reports to the Director of Finance. They work closely together to lead the team, but instead of creating the plan, the Finance Manager follows the plan and recommendations laid out by the Director of Finance.

    What qualities make for a good Director of Finance?

    A successful candidate for the Director of Finance position can effectively prepare, analyze and improve financial reports. They have impeccable budgeting abilities, numeracy skills, and a strong work ethic. Candidates need to have proven leadership experience and should value team building. They need to problem solve, manage large-scale financial plans, and reassess regularly to ensure the team is maximizing company profits.

    How can you make your Director of Finance position stand out?

    The job description should include information about the size of the company, and the team or teams to manage. Also detail educational, training, and certification requirements, such as a Chartered Professional Accountant (CPA) designation. Highlight a competitive salary and benefits like health insurance, bonuses, and generous vacation time.

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