Chief finance and operating officer vs director of administration & finance

The differences between chief finance and operating officers and directors of administration & finance can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a chief finance and operating officer and a director of administration & finance. Additionally, a chief finance and operating officer has an average salary of $166,139, which is higher than the $109,366 average annual salary of a director of administration & finance.

The top three skills for a chief finance and operating officer include financial statements, oversight and human resources. The most important skills for a director of administration & finance are payroll, oversight, and financial management.

Chief finance and operating officer vs director of administration & finance overview

	Chief Finance And Operating Officer	Director Of Administration & Finance
Yearly salary	$166,139	$109,366
Hourly rate	$79.87	$52.58
Growth rate	17%	17%
Number of jobs	166,131	80,486
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 69%
Average age	46	46
Years of experience	8	8

What does a chief finance and operating officer do?

A Chief Finance and Operating Officer is a senior executive who is part of the management team that manages the financial actions of an organization. This executive must produce financial statements to communicate results with shareholders and stakeholders of the organization. They must revise all their financial policies and procedures to strengthen internal controls and ensure the continuance of work to accommodate rapid growth. They must also establish cross-functional alliances to assist the effectiveness of the organization's marketing and business development initiatives.

What does a director of administration & finance do?

A director of administration & finance oversees and directs an organization's administration and finance department, ensuring operations run smoothly and efficiently according to company standards and regulations. It is their duty to set goals and guidelines, lead the research and development efforts, establish procedures, manage the budgets and costs, review and evaluate financial reports, and implement the organizations' policies and standards. Moreover, a director of administration & finance leads staff and supervises all operations, solving issues and concerns if any would arise.

Chief finance and operating officer vs director of administration & finance salary

Chief finance and operating officers and directors of administration & finance have different pay scales, as shown below.

	Chief Finance And Operating Officer	Director Of Administration & Finance
Average salary	$166,139	$109,366
Salary range	Between $87,000 And $314,000	Between $73,000 And $161,000
Highest paying City	Foster City, CA	San Francisco, CA
Highest paying state	California	Nevada
Best paying company	University of Nebraska at Omaha	UCI Health
Best paying industry	Internet	Health Care

Differences between chief finance and operating officer and director of administration & finance education

There are a few differences between a chief finance and operating officer and a director of administration & finance in terms of educational background:

	Chief Finance And Operating Officer	Director Of Administration & Finance
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 69%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Chief finance and operating officer vs director of administration & finance demographics

Here are the differences between chief finance and operating officers' and directors of administration & finance' demographics:

	Chief Finance And Operating Officer	Director Of Administration & Finance
Average age	46	46
Gender ratio	Male, 80.5% Female, 19.5%	Male, 55.3% Female, 44.7%
Race ratio	Black or African American, 8.1% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 8.5% White, 64.1% American Indian and Alaska Native, 0.3%	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.4% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between chief finance and operating officer and director of administration & finance duties and responsibilities

Chief finance and operating officer example responsibilities.

Manage employees in GL, A/R, A/P, Credit/Collections, sales, warehousing, and shipping.
Manage development and implementation of customize ERP system.
Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
Streamline risk management, convert banking relationship and convert payroll processing to a third party payroll processor.
Work closely with CPA firm to improve operational and financial controls with no significant deficiencies note after year one.
Reduce independent CPA audit time and eliminate audit corrections.

Director of administration & finance example responsibilities.

Manage payroll and HRIS system administration utilizing ADP and PeopleSoft applications and provide HRIS reports to employees and senior management team.
Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
Provide organizational cash flow oversight as well as, update and implement inter-departmental policies.
Install ADP computerize payroll reporting with electronic tax deposits and federal/state reporting resulting in payroll processing cost savings.
Oversee the coordination of employee benefits and office administrative contacts and functions including direct monitoring of payroll processing.
Coordinate administrative operations including general oversight of office, computer and other equipment maintenance, and purchasing and vendor contact.

Chief finance and operating officer vs director of administration & finance skills

Common chief finance and operating officer skills

Financial Statements, 21%
Oversight, 5%
Human Resources, 5%
Payroll, 4%
Regulatory Compliance, 4%
Risk Management, 4%

Common director of administration & finance skills

Payroll, 12%
Oversight, 9%
Financial Management, 6%
Administrative Functions, 4%
Internal Controls, 4%
Risk Management, 3%

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Chief Finance And Operating Officer
Chief Finance And Operating Officer vs Director Of Administration & Finance

Updated January 8, 2025

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