Chief finance and operating officer vs director of operations and finance

The differences between chief finance and operating officers and directors of operations and finance can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a chief finance and operating officer, becoming a director of operations and finance takes usually requires 4-6 years. Additionally, a chief finance and operating officer has an average salary of $166,139, which is higher than the $118,503 average annual salary of a director of operations and 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 operations and finance are oversight, financial operations, and payroll.

Chief finance and operating officer vs director of operations and finance overview

	Chief Finance And Operating Officer	Director Of Operations And Finance
Yearly salary	$166,139	$118,503
Hourly rate	$79.87	$56.97
Growth rate	17%	6%
Number of jobs	166,131	186,569
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 70%
Average age	46	44
Years of experience	8	6

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 operations and finance do?

A director of operations and finance is in charge of overseeing and spearheading business and financial operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around performing research and analysis to identify the best practices to optimize operations, coordinating with different departments to gather data, conducting research and analysis to identify new business and investment opportunities, and monitoring the progress of various projects and programs. Furthermore, as a director, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.

Chief finance and operating officer vs director of operations and finance salary

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

	Chief Finance And Operating Officer	Director Of Operations And Finance
Average salary	$166,139	$118,503
Salary range	Between $87,000 And $314,000	Between $77,000 And $181,000
Highest paying City	Foster City, CA	San Mateo, CA
Highest paying state	California	New Jersey
Best paying company	University of Nebraska at Omaha	Pure Storage
Best paying industry	Internet	Automotive

Differences between chief finance and operating officer and director of operations and finance education

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

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

Chief finance and operating officer vs director of operations and finance demographics

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

	Chief Finance And Operating Officer	Director Of Operations And Finance
Average age	46	44
Gender ratio	Male, 80.5% Female, 19.5%	Male, 61.7% Female, 38.3%
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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	11%	10%

Differences between chief finance and operating officer and director of operations and 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 operations and finance example responsibilities.

Achieve record revenue and EBITDA by Q3.
Guide the company to utilize ERP to manage the business versus spreadsheets.
Oversee SOX and financial controls, managing SOX compliance and reviewing and refining the existing processes.
Achieve Medicare certification and JCAHO accreditation without any deficiencies.
Manage financial and operational functions of SaaS and hosting provider for deregulate energy markets.
Lead firm through a significant build in talent while simultaneously introducing numerous improvements to the process of financial management and oversight.

Chief finance and operating officer vs director of operations and 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 operations and finance skills

Oversight, 6%
Financial Operations, 6%
Payroll, 5%
Human Resources, 4%
CPA, 4%
Financial Management, 4%

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Chief Finance And Operating Officer
Chief Finance And Operating Officer vs Director Of Operations And Finance

Updated January 8, 2025

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