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Assistant director of finance hiring summary. Here are some key points about hiring assistant directors of finance in the United States:
Here's a step-by-step assistant director of finance hiring guide:
An assistant director of finance is responsible for overseeing the financial activities of a company, ensuring accuracy and smooth workflow. They are also in charge of implementing company policies and regulations, creating new ones as needed while coordinating with the director. Moreover, an assistant director of finance may perform audits and risk assessments, allocate budgets and schedules, coordinate with different departments to gather necessary data, and create new strategies to optimize the workflow and the performance of the workforce.
Before you start hiring an assistant director of finance, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect assistant director of finance also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
Here's a comparison of assistant director of finance salaries for various roles:
| Type of Assistant Director Of Finance | Description | Hourly rate |
|---|---|---|
| Assistant Director Of Finance | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $22-52 |
| Controller, Vice President | A Controller, Vice President is focused on controlling and directing financial planning and budget management. They supervise the daily operations of the finance department, such as financial reporting, accounts payable, and payroll. | $52-113 |
| Corporate Controller | A corporate controller is a professional who is responsible for supervising the overall daily accounting operations of an organization. Integral to the financial health of the organization, corporate controllers are required to help the organization with strategic financial decisions through forecasting reports and financial statements... Show more | $47-100 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $94,965 | $46 |
| 2 | New York | $93,125 | $45 |
| 3 | Virginia | $90,061 | $43 |
| 4 | Washington | $88,993 | $43 |
| 5 | Connecticut | $86,534 | $42 |
| 6 | Illinois | $84,173 | $40 |
| 7 | District of Columbia | $82,620 | $40 |
| 8 | Nevada | $80,894 | $39 |
| 9 | Maryland | $78,772 | $38 |
| 10 | Wisconsin | $76,509 | $37 |
| 11 | Massachusetts | $76,473 | $37 |
| 12 | Rhode Island | $76,211 | $37 |
| 13 | Pennsylvania | $73,539 | $35 |
| 14 | Minnesota | $72,134 | $35 |
| 15 | Texas | $70,072 | $34 |
| 16 | Oregon | $68,297 | $33 |
| 17 | Louisiana | $64,150 | $31 |
| 18 | Ohio | $63,729 | $31 |
| 19 | Utah | $63,659 | $31 |
| 20 | Florida | $63,152 | $30 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | UCI Health | $103,354 | $49.69 | 3 |
| 2 | Moody's | $102,168 | $49.12 | 15 |
| 3 | Icma-rc | $100,139 | $48.14 | 18 |
| 4 | Stanford University | $100,128 | $48.14 | 31 |
| 5 | American National Bank Of Texas | $95,867 | $46.09 | 6 |
| 6 | New York University | $93,119 | $44.77 | 6 |
| 7 | Harvard University | $91,642 | $44.06 | |
| 8 | Marshall University | $86,947 | $41.80 | 4 |
| 9 | Suffolk University | $86,685 | $41.68 | |
| 10 | Northwestern Mutual | $85,737 | $41.22 | 420 |
| 11 | Commonwealth | $85,220 | $40.97 | |
| 12 | HEI Hotels & Resorts | $85,166 | $40.95 | 14 |
| 13 | Columbia University in the City of New York | $85,130 | $40.93 | 21 |
| 14 | Boston College | $84,060 | $40.41 | 2 |
| 15 | Four Seasons Hotels and Resorts | $83,471 | $40.13 | 3 |
| 16 | Kimpton Hotels & Restaurants | $83,383 | $40.09 | 5 |
| 17 | Oldcastle Infrastructure | $83,150 | $39.98 | 48 |
| 18 | The American Musical and Dramatic Academy | $83,079 | $39.94 | |
| 19 | Georgetown University | $82,747 | $39.78 | 1 |
| 20 | Boston Public Schools | $81,568 | $39.22 |
An assistant director of finance job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of an assistant director of finance job description:
To find assistant directors of finance for your business, try out a few different recruiting strategies:
Your first interview with assistant director of finance candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best assistant director of finance candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
After that, you can create an onboarding schedule for a new assistant director of finance. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Recruiting assistant directors of finance involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
The median annual salary for assistant directors of finance is $71,057 in the US. However, the cost of assistant director of finance hiring can vary a lot depending on location. Additionally, hiring an assistant director of finance for contract work or on a per-project basis typically costs between $22 and $52 an hour.