What Does A Director Of Administration & Finance Do?

When compared to other jobs, Director Of Administration & Finance careers are projected to have a growth rate described as "much faster than average" at 0.16% from 2018 through 2028. This is in accordance with the Bureau of Labor Statistics. What's more is that the projected number of opportunities that are predicted to become available for a Director Of Administration & Finance by 2028 is 104,700.

Directors Of Administration & Finance average about $51.64 an hour, which is roughly an annual salary of $107,412. Additionally, Directors Of Administration & Finance are known to earn anywhere from $69,000 to $165,000 a year. This means that the top-earning Directors Of Administration & Finance make $96,000 more than the lowest earning ones.

Maybe you're a current Director Of Administration & Finance looking for a new opportunity, or maybe you're entertaining the notion of becoming a Director Of Administration & Finance and want to see how it compares to similar jobs. We've compiled extensive information on becoming a Controller, Vice President, Finance Vice President, Manager Finance Planning And Analysis, and Manager/Finance Accounting just so you can compare. But more on how these roles compare to a Director Of Administration & Finance later.

Director Of Administration & Finance Traits
Analytical skills
Analytical skills have to do with gathering information from various sources and then interpreting the data in order to reach a logical conclusion that benefits the business.
Communication skills
Communication skills shows that you are able to relay your thoughts, opinions and ideas clearly to those around you.
Detail oriented
Detail oriented involves being extremely mindful and observant of all details.

Director Of Administration & Finance Job Description

Here are the duties and responsibilities that a Director Of Administration & Finance is likely to perform in their role.

  • Manage payroll and HRIS system administration utilizing ADP and PeopleSoft applications and provide HRIS reports to employees and senior management team.
  • Coordinate development of presentation/marketing materials, offering documents and legal documents for all hedge fund entities and separately manage accounts.
  • Assist in transition from the utilization of QuickBooks to a new computer software that fully integrate manufacturing and accounting process.
  • Maintain accurate accounting records in QuickBooks.
  • Provide organizational cash flow oversight as well as, update and implement inter-departmental policies.
  • Coordinate administrative operations including general oversight of office, computer and other equipment maintenance, and purchasing and vendor contact.
  • Evaluate the implementation of ERP systems to streamline overall business operational processes and to implement industry best practices and reporting.
  • Perform a functional analysis of the organization and implement new programs to insure equity, diversity, and market driven compensation.
  • Interpret hospital research and discretionary account financial data and recommend improvements for hospital wide systems and/or financial performance.
  • Process bi-weekly payroll transactions via ADP system and monitor salary expenditures.
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Director Of Administration & Finance Skills and Personality Traits

We calculated that 30% of Directors Of Administration & Finance are proficient in Financial Statements, Ensure Compliance, and Annual Audit Process. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.

We break down the percentage of Directors Of Administration & Finance that have these skills listed on their resume here:

  • Financial Statements, 30%

    Created computerized in-house financial statements which enabled timely reporting and ultimately helped in establishing a surplus for the current operating fund.

  • Ensure Compliance, 8%

    Developed and instituted a comprehensive financial forecasting system to accurately plan cash flow and ensure compliance with debt covenants.

  • Annual Audit Process, 7%

    Manage annual audit process to ensure accuracy and minimal adjustments.

  • General Ledger Accounts, 4%

    Instituted monthly reconciliation and review processes for key general ledger accounts such as receivables, liabilities and advances.

  • Annual Budget Process, 4%

    Managed the annual budget process including establishing budgetary guidelines.

  • Human Resources, 4%

    Managed Foundation's <a ltype="auto" href="/human-resources-coordinator-jobs/">human resources</a> and administration, enhancing professional development, compensation and benefits plans, performance evaluation and training.

Additionally, Directors Of Administration & Finance have more skills than just Financial Statements, Ensure Compliance, and Annual Audit Process. Read about their personality traits here:

  • Analytical skills can be considered to be the most important personality trait for a Director Of Administration & Finance to have. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task that requires analytical ability. a Director Of Administration & Finance is able to use Analytical skills in the following example: Implemented tracking for continuing analysis of agency's revenues, and expenditures to ensure compliance with applicable laws and GAAP.
  • While it may not be the most important skill, having Communication skills as a Director Of Administration & Finance is still essential. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions. This example is just one of many ways Directors Of Administration & Finance are able to utilize Communication skills: "Manage all CPA communications including audits, reviews and tax reporting."
  • Directors Of Administration & Finance are also known for Detail oriented, which can be critical when it comes to performing their duties. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors. An example of how this skill is put to the test is, "Processed monthly Financial Statements detailed G/L analysis, prepared budget forecasting system for grant management and spending allocations."
  • It may seem like a no-brainer that a Director Of Administration & Finance must have Math skills. Financial managers must be skilled in math, including algebra Here's more proof: "Performed quantitative and qualitative real estate lease/buy analyses as well as provided accounting guidance for leasing and real estate transactions."
  • Yet another important skill that a Director Of Administration & Finance must demonstrate is the following: Organizational skills. Because financial managers deal with a range of information and documents, they must stay organized to do their jobs effectively. This is clearly demonstrated in this example from a Director Of Administration & Finance who stated: "Led selection of acquisition target, due diligence, acquisition, development of organizational structure, and operational consolidation."
  • See the full list of Director Of Administration & Finance skills.

    In order to accomplish your goal of becoming a Director Of Administration & Finance, we've found that over half, 37.0% to be exact, of Directors Of Administration & Finance have a bachelor's degree. The good news is that it doesn't seem like more schooling than that is necessary with only 43.3% having master's degrees. While it's true that most Directors Of Administration & Finance have a college degree, it's generally possible to become one with only a high school degree. In fact, one out of every eight Directors Of Administration & Finance did not spend the extra money to attend college.

    The Directors Of Administration & Finance who went onto college to earn a more in-depth education generally studied Business and Accounting, while a small population of Directors Of Administration & Finance studied Finance and Management.

    Once you've obtained the level of education you're comfortable with, you're prepared to start applying to become a Director Of Administration & Finance. We've found that typically Directors Of Administration & Finance are mostly employed at FHI 360, Massachusetts Institute of Technology, and Penn Medicine. Of recent, FHI 360 had 3 positions open for Directors Of Administration & Finance. Meanwhile, there are 2 job openings at Massachusetts Institute of Technology and 2 at Penn Medicine.

    If you're in it for the money, you'll want to apply for positions at Kelly Services, ProMedica, and Saint-Gobain as that's where Directors Of Administration & Finance seem to make the most money. Let's take a closer look. At Kelly Services, the average Director Of Administration & Finance salary is $111,921. Whereas at ProMedica, Directors Of Administration & Finance earn roughly $107,158. And at Saint-Gobain, they make an average salary of $104,451. Before you get too excited over those salary numbers, you should make sure that securing a job at these companies is doable. For example, while Kelly Services has 0 job listings for Directors Of Administration & Finance, ProMedica and Saint-Gobain have 0 and 0 job listings respectively.

    View more details on Director Of Administration & Finance salaries across the United States.

    The most prestigious Directors Of Administration & Finance can be found working at Citi, JPMorgan Chase, and Bank of America. We determine this by assessing the schools where Directors Of Administration & Finance have earned their degrees, and then looking at the companies that have hired a significant number of Directors Of Administration & Finance from the top 100 educational institutions in the United States.

    The industries that Directors Of Administration & Finance fulfill the most roles in are the Health Care and Education industries. But Directors Of Administration & Finance make the most amount of money in the Retail industry, averaging $111,441. In the Manufacturing industry they only make $109,880 and average about $109,864 in the Health Care industry. In conclusion, Directors Of Administration & Finance who work in the Retail industry earn a 15.3% higher salary than Directors Of Administration & Finance in the Professional industry.

    The three companies that hire the most prestigious director of administration & finances are:

      What Controller, Vice Presidents Do

      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.

      Up to bat, or first to compare, is Controller, Vice President. Looking at the salary aspect, Controllers, Vice President earn a $51,005 higher salary than Directors Of Administration & Finance annually.

      Even though Directors Of Administration & Finance and Controllers, Vice President have vast differences in their careers, the skills required to do both jobs are similar. Just as an example, both careers require Financial Statements, Ensure Compliance, and General Ledger Accounts in the day-to-day roles.

      The overlapping skill sets may be the only thing these two roles have in common, as there are some key differences. For example, a Director Of Administration & Finance is more likely to have skills in Annual Audit Process, Annual Budget Process, Accounts Receivables, and Administrative Policies. Meanwhile a typical Controller, Vice President has skills in areas such as Regulatory Reports, Equity, Annual Budget, and Revenue Growth. This difference in skills reveals how truly different these two careers really are.

      Controllers, Vice President receive the highest salaries in the Energy industry coming in with an average yearly salary of $167,677. But Directors Of Administration & Finance are paid more in the Retail industry with an average salary of $111,441. The differences don't stop there. Next stop, education.

      On average, Controllers, Vice President reach lower levels of education than Directors Of Administration & Finance. In fact, Controllers, Vice President are 5.9% less likely to earn a Master's Degree and 0.7% less likely to graduate with a Doctoral Degree.

      What Are The Duties Of a Finance Vice President?

      A Finance Vice President supervises all financial-related matters where depth and scope are relative to the size of the company. They create financial plans as defined by the board of directors, as well as direct financing strategies, analysis, forecasting, and budget management.

      Now we'll compare Finance Vice Presidents, which averages a higher salary of $55,412 higher than Directors Of Administration & Finance a year.

      Not everything about these jobs is different. Take their skills, for example. Directors Of Administration & Finance and Finance Vice Presidents both require similar skills like Financial Statements, Ensure Compliance, and General Ledger Accounts.

      In addition to the difference in salary, there are some other key differences that are worth noting. For example, a Director Of Administration & Finance is more likely to have skills in Annual Audit Process, Annual Budget Process, Accounts Receivables, and Administrative Policies, while a typical Finance Vice President is skilled in areas such as Annual Audit, Equity, Revenue Growth, and Annual Budget. These differences highlight just how different the day-to-day in each role looks.

      While we already know that Finance Vice Presidents earn higher, we took a step further to see what industry these workers typically make the most. Interestingly, Finance Vice Presidents earn the most pay in the Finance industry with an average salary of $184,215. Whereas, Directors Of Administration & Finance have higher paychecks in the Retail industry where they earn an average of $111,441.

      So you need to know how much education you're going to need. As it turns out Finance Vice Presidents study at lower levels of education than Directors Of Administration & Finance. They're 5.2% less likely to obtain a Master's Degree while being 0.7% less likely to earn a Doctoral Degree.

      How a Manager Finance Planning And Analysis Compares

      A Manager of Finance Planning and Analysis directs and supervises competitive financial analysis and statistical studies. They support the strategic business planning process.

      Let's now take a look at how Managers Finance Planning And Analysis compare. On an average scale, these workers bring in higher dough than Directors Of Administration & Finance with a higher pay of $5,635 per year.

      Directors Of Administration & Finance and Managers Finance Planning And Analysis both have similar skills such as Financial Statements, Ensure Compliance, and General Ledger Accounts, but they differ when it comes to other required skills.

      Some important key differences between the two careers are the other skills necessary to get the job done. For example, a Director Of Administration & Finance is likely to be skilled in Annual Audit Process, Oversight, Information Technology, and Accounts Receivables, whereas a Manager Finance Planning And Analysis is skilled in Business Units, Variance Analysis, Financial Models, and Revenue Growth.

      Interestingly, Managers Finance Planning And Analysis earn the most pay in the Telecommunication industry, where they command an average salary of $115,858. As mentioned previously, Directors Of Administration & Finance rake in the most money in the Retail industry with an average salary of $$111,441.

      When it comes down to education, Managers Finance Planning And Analysis tend to reach higher levels than Directors Of Administration & Finance. Especially since they're 9.9% more likely to earn a Master's Degree, and 1.1% more likely to graduate with a Doctoral Degree.

      Description Of a Manager/Finance Accounting

      Now, we'll compare Managers/Finance Accounting who are known for averaging a lower pay when compared to Directors Of Administration & Finance. In fact, the difference is about $21,652 per year.

      While their salaries differ, Directors Of Administration & Finance and Managers/Finance Accounting both use similar skills to perform their jobs like Financial Statements, Ensure Compliance, and General Ledger Accounts.

      Even though their skill sets overlap, there are some key differences that are important to note. For one, a Director Of Administration & Finance tends to have more use for skills like Annual Audit Process, Annual Budget Process, Human Resources, and Oversight. Meanwhile, a typical Manager/Finance Accounting makes use out of skills like Annual Budget, Variance Analysis, SOX, and Audit Procedures. The difference in skills between the two professions really shows how different the two are.

      Managers/Finance Accounting tend to earn a higher salary in the Hospitality industry with an average of $98,059.

      When it comes to education, these two careers couldn't be more different. For example, Managers/Finance Accounting reach similar levels of education when compared to Directors Of Administration & Finance. The difference is that they're 4.4% more likely to earn a Master's Degree less, and 1.1% less likely to graduate with a Doctoral Degree.