Assistant director of finance responsibilities or the job of an assistant finance director is concentrated in the accounts department of an organization. Assistant director of finance reports to the controller or senior finance manager.
Assistant finance director is involved in the planning and implementation of organizational policies for preparing financial statements in accordance with the industry standards and state or national authorities.
Assistant director of finance in an organization goes through the transactions of the organization and follows Generally Accepted Accounting Principles (GAAP) to prepare balance sheet and analyze the profit or loss for the financial year. He calculates the tax and assists the internal and external auditors. While doing all this, he must ensure that the records are accurate so as to analyze the current financial status of the organization. It also helps in planning future goals and objectives.
He has to work in close coordination with the fellow workers and collect all the information from the accounting staff. He is responsible to verify the transactions before finalizing the statements. Assistant finance director can be asked to present the financial statements in the board and shareholders meeting.
The primary assistant director of finance responsibilities assigned in every organization are as follows:
Some other assistant director of finance responsibilities that may be assigned occasionally are as follows:
An assistant director of finance must be aware of the accounting concepts and principles including the federal regulations and industrial policies. He must be technically skilled in the various accounts management software and other applications used in a corporate setting. Leadership and communications skills help a great deal as you will have to coordinate with a large number of people and motivate them to achieve the organizational goals.
An assistant director of finance is an individual with a degree in finance, accounts, economics or any other field of business management. An individual who is either a Certified Public Accountant (CPA) or Certified Public Finance Officer (CPFO) with extensive experiencing in accounting and finance management can easily get selected for this position.
An assistant director of finance earns up to $60,000 and the salary will vary depending on your overall qualifications in terms of experience and education. You will have to prove your competency and work for a few years before you expect to get promoted as a finance director or manager.
With the right assistant director of finance responsibilities, you find it easy to analyze this profession and also prepare according to the qualifications required for this job.