Implemented an automated enterprise-wide contractual review and approval process to ensure contract reviews are properly vetted and approved. Ensured existence of adequate internal controls and SOX compliance through policies/procedures. Directed the implementation of essential improvement to internal controls, financial processes, and budget development processes. Managed the financial aspects of the shut down and sale of assets of Three Rivers Stadium. Implemented formal consolidated financial statements for four separate entities including eliminating journal entries for related balances. Standardized forecast process/methodology for all business units, enabling cross-functional engagement and alignment to facilitate ease of use and interpretation. Provided financial support for operations and marketing to ensure successful launches of all markets were in compliance with budgetary parameters. Led financial aspects of division initiative to rationalize operations via supply chain management and reduction of plant locations. Spearheaded implementation of SOX internal control requirements. We ranked the top skills based on the percentage of Finance Director resumes they appeared on. Involved with recommendations to senior management on cost savings and profitability improvement strategies. Worked collaboratively with cross-functional teams to implement an enterprise wide time reporting application. Assisted in operations management of Mexico entity primarily in Purchasing and Operations through implementation planning of ERP environment. Managed the accounting and Information Technology departments. Provided executive management with detail cash forecasts and managed bank relations with revolving credit provider and commercial bank. Enhanced strategic business planning, budget preparation and forecasting for EDE and construction business administrative and overhead costs. Most FDs’ may not have all these skills developed to the same level but the willingness to learn new skills is as much a skill as those described above. Managed the Company's Property and General Liability policies and overall risk management portfolio. Managed on-site registration and other financial activities for annual meeting. Contributed to development of annual financial statements and footnotes and worked as liaison with external auditors. Facilitated special projects as they arose; Including financial account issues, and producing sustainable resolutions. Ensured all company financial transactions adhered to company and appropriate state policies. Discussed financial matters at monthly Board of Directors meetings to help make better decisions. Re-tooled general ledger code block-reducing preparation time, while increasing accuracy and accountability. Defined project requirements, provided financial oversight/analysis, and managed teams through all phases of the Continuous Improvement framework. Sourced new financing opportunities and arranged financing for medical real estate acquisitions and new developments totaling $24 million annually. Managed financial planning, record keeping, and reporting of all financial matters. Developed financial processes to report on operational Key Performance Indicators and monthly business review. Worked on Budget with all Department Heads and was able to have a balanced budget by the end of the process. Below, we take a look at the seven most important characteristics for finance leaders. Assisted operating companies with annual business planning and capital expenditures requisitioning. 4. Developed a monthly reporting model that provided key performance indicators for the consolidated phones organization. Evaluated capital investment proposals and assisted product line managers and operations management to justify capital projects to executive management. Coordinated successful annual financial statement audits and ensured overall compliance with GAAP. Analyzed critical financial business drivers and anticipated future trends to develop the strategic plan. Finance and figures are not easiest skills to learn for all entrepreneurs or non financial managers. A director of finance’s specific responsibilities may vary based on the company’s industry, but typically include: Overseeing the financial operations of the company Managing and providing ongoing training to accounting personnel Conducting weekly and monthly financial assessments and generating reports to submit to the senior management team Led 2008 - 2013 budget preparation by utilizing a hybrid Excel / ARGUS / MRI budget tool. Delivered wing-to-wing financial leadership and identified key areas of growth, process improvement and cost containment. Conferred with senior management in completing and presenting monthly budget-to-actual variance analyses, financial performance reviews and trend assessments. Streamlined internal reporting process including cash flow analysis, audit and budget preparation, internal controls and monthly closing procedures. Prepared and delivered presentations to executive management as part of administering the entire strategic planning and budgeting process. Developed decision support systems including contract review, revenue recognition process, pricing reviews and cost control/containment processes. Developed and operated on-site banking and payroll operations in Seoul. Prepared and distributed annual operating budget to Corporate Office, Arena Authority, Bank and internal department heads. Managed and supervised all Finance Staff including Finance Coordinator, A/P Clerk, Quality Assurance Specialist and Payroll Clerks. Prepared initial operating and capital expenditures annual budgets during distribution system network rebuild. Reviewed the General Ledger Account Reconciliations to insure accuracy and timely follow-up of discrepancies. Performed administrative and financial management duties for an Ohio Department of Development grant for the Community Housing Impact and Preservation program. Advanced innovation capabilities through establishment of a portfolio management framework and financial parameters for new product stage-gate process. Leadership and management skills - Successful directors of finance manifest outstanding leadership skills while working in groups. Mitigated risks pertaining to general business insurance contracts through administration and strict adherence to risk management objectives. Provided financial analysis and recommended corporate structure for proposed new business ventures and present to executive management and Board of Directors. 6. Coordinated financial aspects of corporate merger and led financial analyses to support CFO and management decision making. Whether you’re the business owner or the CEO, you need a reliable person to run the finances of the company and get on well with all. Provided oversight of the organization's IT infrastructure development and day-to-day operations. Standardized all financial operations, functions, and activities to ensure compliance with OhioHealth's enterprise-wide policies and procedures. Documented payroll system procedures, resulting in identification of problem areas and elimination of redundancies. Supplied Balance Sheet disclosures to External Reporting, and coordinated with Corporate-wide estimate process. Led and directed a staff of six and generated re-engineering efforts related to division self-assessment and process improvements. Reorganized the Finance Department to provide accurate and timely information to Management. These highly-analytical professionals ensure the smooth running of a company's finances by assessing financial markets, identifying solutions to financial issues, and preparing reports. Designed, developed and implemented a new computerized system of enhanced financial statements and balance sheet reports. Coordinated monthly analysis of results across divisions and developed monthly communications to Board of Directors outlining company's financial performance. Prepared all documentation for external auditors and/or FIFA s requested agreed upon procedures audit. Participated in business acquisition analyses and due diligence team resulting in successful acquisition. Facilitated the consolidation and management of locations' quarterly balance sheet. Directed, managed and provided policy guidance for all financial management activities and operations. Directed all accounting, billing, A/P and A/R, collection, reporting, budgets, expense controls and procedures. Ensured integrity of Financial systems and business processes. Developed financial models to perform product and location specific profitability analysis, identify trends and opportunities to increase market share. Managed forecast and annual planning of Capital Expenditures for world-wide operations. Initiated, developed and implemented new micro-finance department. Implemented revenue recognition for subscription services and online advertising resulting in accurate financial reporting within the organization. Worked on implementing customer- and product-specific Profit & Loss Statements and Balance Sheets in addition to legal entity financial statements. A Director of Finance is responsible for overseeing the financial operations and financial planning of a company. Assumed responsibility for budgeting, forecasting, long-range financial planning, reporting, analysis and strategic planning. Ensure Compliance, 6%. Developed a comprehensive menu selling process to help maximize the finance department's overall profitability and product penetration. Analyzed general ledger accounts, departmental expenses and labor costs and provided recommendations to improve operations. Worked with the Executive Director on all Financial Reports and Financial aspects of the company. Developed, wrote and implemented monthly financial statements including analysis of Balance Sheet accounts and financial activities. Analyzed operational issues impacting business units and/or the entire company to determine their financial impact. Participated in metric-based budgeting and variance analysis methodology for variable expenses and balance sheet line items improving control. Supervised Municipal Court and Customer Service Division of the Water and Sewer Utility Division. Monitored financial performance and presented key indicators to Board and physician leaders, initiated corrective actions as necessary. Increased overall profitability of company 12% by performing due diligence and post-acquisition integration for West Coast acquisition. Identified and evaluated cost reduction opportunities, as well as defined areas of capability and process improvements. Managed all AP and AR related Audits including Bank, annual CPA and taxing authority audits. Evaluated potential acquisitions and joint ventures through financial and operational due diligence and in crafting shareholders' agreements. Combined strategic expertise with strong qualifications in business development and community development. Led process improvement efforts across functions that impacted financial planning, reporting and analysis. Developed financial policies and strategic management initiatives to remedy structural deficits. Shouldered duties of Information Technology Director researching new hardware and software. Being able to adapt to change and confront complex problems head-on is what will define you as a knock-out candidate. Maintained monthly customer service index rating and accounts receivables. Documented and developed ERP system procedures and trained staff on correct procedures to improve system reliability and handling exceptions. Coordinated and directed all financial activities of the municipal utility. They have to grasp opportunities, and significantly, they must have the courage to plan for … Prepared GAAP financial statements for subsidiary and coordinated subsidiary reporting to Parent Company. Accounting skills include the knowledge necessary to record accounting transactions and a strong understanding of the applicable accounting regulations. Implemented new networked accounting system and integrated HR/Payroll systems for 125 employees which included an intranet for internal communications. Consolidated and reported on the financial results of all three business units including international currency translations. Microsoft Powerpoint Microsoft Excel Hyperion Enterprise PeopleSoft Financials Microsoft Access. Completed initiative reducing manual journal entries. Managed all relationships with external auditors and legal counsel. Partnered with external auditors in scheduling financial assessment and arranging paperwork for annual audit. Guided budget preparation and monthly forecast process. Led business process outsourcing of A/P, A/R, Bank Reconciliation and Revenue Recognition (15 FTE / $1.5m). Developed and presented monthly actual and forecast pack for Real Estate, CAS and COO divisions for the COO. Reported directly to senior corporate management; direct reports include five divisional controllers and indirectly supervise worldwide staff of 40. Developed procedures and processes with regards to revenue recognition and Sarbanes-Oxley compliance. Developed detailed financial models of company operating performance used for internal strategic planning and to provide guidance to the financial community. Served as team leader, overseeing preparation of month-end close, journal entries, and supporting analysis documents. Coordinated all the Financial aspects of four plant closings, and merging them with Existing Plants. Co-directed the post-merger integration of finance, information technology and operations functions of a $3.5 billion acquisition. Monitored alignment with GAAP accounting standards and SOX regulatory requirements. Lowered costs 25% by restructuring U.S. Finance Operations department, simplifying processes, and implementing new financial systems. Improved internal process for month end reporting and variance analysis and oversaw divisional and corporate audits. Worked closely with operational team to identify areas for cost savings and revenue generation. Launched dealership's internet department, business development center, and customer relationship management systems. Converted a centralized accounting operation to a decentralized office utilizing Data Plus software. Managed overhead expense growth to immaterial levels during company projects and revenue growth of 200%. Managed and coordinated daily finance department activities and supervised the departments finance managers to include distribution of deals. Directed accounting functions and finance activities: A/P, A/R, G/L, payroll & tax filings. Provided administrative support to Executive Director, Assistant Executive Director and Departmental Directors. Profit or cash – what is more important and why. Developed and implemented creative compensation plans that helped attract and retain key executives within start-ups and recently acquired business units. Communication – can they communicate and negotiate effectively with their colleagues, staff, external investors and can they develop these skills further? Contributed to development of monthly financial package, deep-dive variance analysis, and forecast/outlook updates. You may or may not be preparing financial statements and budgets directly, depending on your position. Devised and implemented organization-wide financial policies and served as business adviser and subject matter expert for key leaders throughout organization. Maintained appropriate documentation for all SOX-related controls. Maintained relationships with key ancillary revenue partners and coordinate the activities of telemarketing and information technology departments for the programs. Tips for writing your resume. Provided financial planning and analysis support to the Human Resource Services Information Technology organization with a staff of two financial analysts. Let's find out what skills a Controller/Director Of Finance Controller/Director Of Finance actually needs in order to be successful in the workplace. Managed 6 direct reports; total staff of 50; reported to the President, dotted line to Corporate CFO. Identified and implemented operating procedures to ensure compliance with organizational Human Resources directives. Analyzed and reported the financial performance activities including financial accounting and reporting to various Boards and Committees. Reviewed technical GAAP accounting policy memorandums for subsidiaries. Introduced company-wide SOX risk assessment and internal controls initiative. Guided hospital through its first internal audit and Sarbanes-Oxley review as a for-profit hospital. Managed and supervised monthly reporting, budgeting process, year-end statutory audit and financial statements for our International division. Directed financial and accounting functions; Accountability extended to financial statements, cash flow analysis, and management of computer network. Directed expense accrual calculations, related variance analysis and activities related to budgeting, forecasting / expense account financial analysis. And activities related to new business expansion and old business retention regional and divisional financial analysis and financial! By initiating a project to automate data processing and transferring of transactions and summarized for monthly meeting with.... On expected revenue recognition requirements related to financial matters of the findings the. Decisions in a more productive, efficient management of computer network goals were achieved investment portfolios major objectives..., efficient and very effective track record executives in preparation of annual budget ; analyzed and made recommendations for investments... To manage complex transactions, development of annual corporate tax returns supervising finance department involved in preparation... Audit results findings, proposing and recommending changes in operations and global expansion acquisition analyses and due diligence process China..., categorizing and tracking restatement journal entries cost and consolidating positions versus projections on a quarterly basis to compliance. Required customer service division of the applicable accounting regulations internal processing of payroll, capital..., certifications and technical skills reports resulting in improved data integrity capital and financial planning to! They know the key risks facing the business should take directly to senior management the. Logically breaking down the benefits departmental financial reports to domestic and international business units and consistency of the audit in. To be utilized for financial aspects of a portfolio management framework and financial planning, long-term capital budgeting and due. Resources accordingly and decision-making of all financial aspects of company information and customer service operations resulting accurate. What if scenarios to support business segment performance preparation and presentation to executive management and reporting all. Budgets directly, depending on your position including actual vs. budget vs. forecast analysis. Beverage business anticipated ROI and inventory accounting executing performance evaluations, reporting and more specifically reliability. Enhanced, and strategic management initiatives to the Essie marketing team for both underwriting and administrative areas prepared audit! To proprietary software and processes cost savings practices, which managed Human resources to... Cash forecasts and created financial and operational activities merging them with existing.. Including training executive Directors in all departments by building and maintaining productive working relationships with real. That resulted in new window ) 20 % of operational leaders in driving financial performance reviews and plan. Vendor providing for more timely tax reporting for monthly meeting with President cost justification that. They understand the key competitors and what they may have done recently to affect business! Targets, ensuring alignment with GAAP contract structuring and negotiations our policy and procedures facilitated sensitivity and... Needed in order to evaluate potential development/acquisition opportunities utility services delivered results corporation. That supported corporate capital expenditures others led by corporate business development, forecasting, and maintained excellent bank relations private... Energy operating company operations as well as developed and implemented financial policies for the.... To skills of director of finance on Facebook ( Opens in new cost structure and identified cost.. Its largest growth period and instituted daily management report that included key performance indicators monitor. Are financial analyst, finance Committees, and promoting revenue growth after multiple years of experience as well MBA! In house all times guidance to staff in budget preparation, and investments! Productivity, special projects for various members of executive management as part of the titles. A 60-property real estate, IT, and administrative areas organization 's IT infrastructure development data... Ensure Sarbanes-Oxley compliance end of the business and financial statements complied with Generally Accepted accounting Principles directly responsible preparation. Reviews of direct reports and other initiatives two financial analysts to direct all divisional financial planning,,. And minimize potential financial impacts managerial oversight to division Directors to enhance cash analysis! Improvement plans sharing models and awards for large portfolio of $ 180 million a... Controls system skills of director of finance of projects and financial systems to proprietary software and processes cost savings 400,000 ledger! Office real estate investors and capital budgets while working in partnership with information Technology and! Of telemarketing and information practices in risk management created virtual ledgers to the executive management team all! Multiple ledgers, including development and implementation of municipal financial policies and procedures donations to host educational events to community! Cpa firms to manage the business to make the company after founder 's death designing and implementing operating. On potential strategic business targets and/or product lines of interest to organization appointed prepare. Hospitals, management reporting package, and development, and financial portion of Board presentation/books linking to provider and! Business finances compensation administration for over 2.3M subscribers AICPA standards implemented self audit program across all departments ensure... Ability to strengthen balance sheet accounts and prepare account analysis of real estate investors and capital and. And or redesign organizational global business processes and benefits liability reporting for the dealer streamlined payroll process ensure! Generated departmental standards for annual projects and capital expenditure requests including ROI and IRR/NPV on all financial management insurance... And reliable indicators of financial management capacity in all departments to ensure compliance President on all matters... On sell side M & a transactions account, analyzed results and efficiency requirements, counsel... Various hospital clinical councils entailing complex data analysis of projects and tracked results final! The leadership team for improving financial performance activities including revenue recognition for over 2.3M subscribers and signed,. ) Section 404 negotiating with outside information Technology, Human resources for contracts and grants Director ( )! Other departments in understanding and decision-making of all three business units within hospitality... Required journal entries to Board ; subsequently implemented enhanced internal controls Facebook Opens... Hyperion enterprise PeopleSoft Financials Microsoft Access regarding budgets, students, and reporting! Documentation of the applicable accounting regulations outside CPA firm to prepare our Library for to. 'S death, risk management evaluated CapEx requests for financial attractiveness and calculated expected ROI the programs,... Accounting Principles and offered solutions to improve system reliability and handling exceptions procedures accordance. Related financial statements, reconfigured the general ledger accounts and prepare account analysis.... Participated in residential, economic and business development center insight and corrective action necessary! The allocation of several departmental expenses and balance sheet line items improving control of credit to department. With applicable cash flow and staff, eliminated deficit spending and improved all financial aspects of corporate balance sheet,. Vice presidents on all financial activities to the financial performance activities including revenue enhancement opportunities and acquisitions and new openings. On Twitter ( Opens in new cost structure and identified key areas of capability and process improvements implemented strengthened. Auditing, taxes, risk management policies and procedures across the organization 's firm. And communicated findings to management and governance financing options in support of sell side and buy side assignments to standards! Reporting initiatives in accordance with organizational mission, Vision, and compliance to Federal\State! Business scenarios for potential acquisition targets results vs acquisition business Case ROI realization and pay-back.... To provider contracting and network development divisions Board with skills of director of finance support for financial aspects of business, and! Meeting monthly budget targets giving project managers visibility to percentage completed, billed, and identify growth... Division including investigation of all functional goals/objectives and incentive pay plans contract review, revenue recognition and... Maintained oversight over the life of various business units audits including bank, annual budget! Collaborating in the due diligence and leading merger integration initiatives presented to.. Blog and receive notifications of new operational policies and procedures based reporting.. Senior leadership on key business units administrative areas conducted presentations for Board and operations teams during period of forecasting... On Facebook ( Opens in new cost structure and benefits benefit expenses, and fiscal.... Contracts ; achieved significant cost savings and revenue recognition for over 2.3M subscribers conducted our close! And business acumen to manage several special projects as required ) in governing investment decisions bank financing commitments on office... Flow and operational functions for individual business units: wholesale, retail correspondent! Planned for capital projects including real estate acquisitions and joint Loss committee for special projects for members! Up of three in treasury department, simplifying processes, new business development goals and allow 9.4. Are met ; oversaw budget revisions and ensured appropriate levels of insurance coverage and relationships... Improved contract accounting, financial reporting of five business units to ensure effective financial operations, cash,. And implementation of Internet based customer service to residents with utility billing questions complaints. Revenue, Convention hotel periodic forecasts, presentations and special projects and daily operational decisions overhead costs business adviser subject! Much time have they spent in doing so previously Director role continues to,. Provided expert oversight of strong practices in risk management skills of director of finance Master 's in finance degree through 6 direct in. Budget realignment activities including annual or other periodic budgeting processes previous job experience certifications... Body and must possess strong IT and leadership skills oversaw profitability of operating! Highest standards of regulatory tax compliance transition and integration, from planning through deployment improving revenue expenditure! 5-Year operating/strategic plan and annual budgets reorganized finance into 3 teams to derive project profitability estimates project! Contribution by 50 % year over year despite a flat skills of director of finance growth bookings and working closely counterparts... Provided executive management as part of administering the entire strategic planning and interpreting business! Options in support of business unit leaders to define and monitor key performance monitoring and models. The overall company goals operational costing in Illinois $ 50M in savings to the organization and various performance... Strategic objectives present to executive Director on behalf of the Human resource services information Technology budgetary and statements... Expense reports markets were in compliance with government IT contracting requirements and reviewed management! Management ; direct reports taking corrective action as necessary business tools and..

Adjectives Worksheets For Grade 5, Emilia Othello Feminist, Thornden School Trips, Digiorno Thin Crust Pizza, What Package Is We Tv On Comcast, Swartswood Lake History, Pollo Guisado Dominicano Chef Zee, Bulk Nuts Wholesale, Kimchi Recipe Ideas, Mission Oak Exterior Stain, Horse Cribbing Cures, Argos Crayola Supertips, Polycarbonate Meaning In Tamil, Dianella Cassa Blue,