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Become A Director Of Operations And Finance

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Working As A Director Of Operations And Finance

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $111,000

    Average Salary

What Does A Director Of Operations And Finance Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Director Of Operations And Finance

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Average Length of Employment
Finance Director 4.0 years
Top Careers Before Director Of Operations And Finance
Controller 11.7%
Accountant 4.3%
Director 3.1%
Manager 2.9%
Consultant 2.9%
Top Careers After Director Of Operations And Finance
Controller 11.3%
Consultant 5.7%
Director 3.9%
President 2.5%

Do you work as a Director Of Operations And Finance?

Director Of Operations And Finance Demographics

Gender

Male

55.9%

Female

34.6%

Unknown

9.5%
Ethnicity

White

61.7%

Hispanic or Latino

15.4%

Black or African American

11.4%

Asian

7.7%

Unknown

3.8%
Show More
Foreign Languages Spoken

Spanish

40.9%

French

12.5%

Portuguese

6.8%

Mandarin

5.7%

German

5.7%

Russian

4.5%

Greek

3.4%

Korean

2.3%

Cantonese

2.3%

Carrier

2.3%

Italian

2.3%

Chinese

2.3%

Swahili

1.1%

Swedish

1.1%

Romanian

1.1%

Gujarati

1.1%

Hindi

1.1%

Dutch

1.1%

Danish

1.1%

Norwegian

1.1%
Show More

Director Of Operations And Finance Education

Schools

University of Phoenix

13.9%

New York University

8.4%

DePaul University

5.8%

Northeastern University

5.8%

University of Chicago

5.8%

Arizona State University

5.2%

University of Southern California

4.8%

Pennsylvania State University

4.5%

Georgia State University

4.2%

Babson College

4.2%

University of Washington

4.2%

University of Pennsylvania

3.9%

Fordham University

3.9%

University of Florida

3.9%

Harvard University

3.9%

George Washington University

3.5%

Michigan State University

3.5%

Pace University - New York

3.5%

Ohio State University

3.5%

University of Denver

3.5%
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Majors

Business

34.5%

Accounting

26.5%

Finance

21.2%

Management

3.7%

Economics

2.3%

Marketing

1.4%

Political Science

1.1%

Psychology

1.0%

Health Care Administration

1.0%

Law

0.9%

Education

0.8%

Human Resources Management

0.8%

Communication

0.7%

History

0.7%

Project Management

0.6%

Real Estate

0.6%

Management Science

0.6%

Management Information Systems

0.5%

Computer Science

0.5%

Business/Commerce

0.5%
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Degrees

Masters

44.0%

Bachelors

41.0%

Other

9.1%

Certificate

2.2%

Associate

2.1%

Doctorate

1.3%

Diploma

0.3%

License

0.1%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$111,000
View Detailed Salary Report
$66,000
Min 10%
$111,000
Median 50%
$111,000
Median 50%
$111,000
Median 50%
$111,000
Median 50%
$111,000
Median 50%
$111,000
Median 50%
$111,000
Median 50%
$186,000
Max 90%
Best Paying Company
Netflix
Highest Paying City
Edmonds, WA
Highest Paying State
Washington
Avg Experience Level
3.9 years
How much does a Director Of Operations And Finance make at top companies?
The national average salary for a Director Of Operations And Finance in the United States is $111,305 per year or $54 per hour. Those in the bottom 10 percent make under $66,000 a year, and the top 10 percent make over $186,000.

Real Director Of Operations And Finance Salaries

Job Title Company Location Start Date Salary
Director of Financial Operations Caxton Associates LP Princeton, NJ Nov 01, 2010 $300,000
Director of Operations Engineering, Finance Netflix, Inc. Los Gatos, CA May 09, 2010 $230,000 -
$275,000
Director of Operations/Finance Heritage Provider Network, Inc. Los Angeles, CA Nov 16, 2015 $225,000
Director of Operations Engineering-Finance Netflix, Inc. Los Gatos, CA May 09, 2013 $202,842 -
$430,000
US Director Finance & Operations Nearmap Us, Inc. South Jordan, UT Oct 21, 2016 $200,000
Director Operations Finance Firstservice Residential Management, Inc. Dania Beach, FL Oct 01, 2012 $187,830 -
$229,570
Director of Finance and Operations Quartzy, Inc. Palo Alto, CA Dec 12, 2016 $185,000
Director, Operations Finance Sunpower Corporation San Jose, CA Sep 09, 2014 $184,600
Director, Operations Finance Sunpower Corporation San Jose, CA Jun 29, 2015 $184,600
Managing Director of Operations & Finance Capital Integration Systems LLC New York, NY Jul 19, 2010 $180,000
Director Operations Finance Firstservice Residential Management, Inc. Dania Beach, FL Oct 01, 2012 $166,960 -
$177,395
Director of Finance and Operations Ride Group, Inc. New York, NY Aug 18, 2016 $165,000
Director of Finance/Operations Ubertal Inc. San Mateo, CA Jan 11, 2016 $144,248
Director of Finance/Operations Ubertal Inc. San Mateo, CA Feb 05, 2016 $138,549
Director, Operations Finance L'Oreal USA, Inc. Redmond, WA Feb 18, 2013 $135,000
Finance Director, Northeast Operating Unit Novartis Pharmaceuticals Corporation East Hanover, NJ Sep 30, 2010 $125,000
Director of Hotel Financial Operations Tanota Corporation May 01, 2011 $120,000
Director, Finance & Operations Larrikin Entertainment LLC Los Angeles, CA Feb 01, 2013 $120,000
Director of Hotel Financial Operations Tanota Corporation Aug 01, 2011 $120,000
Director of Hotel Financial Operations Tanota Corporation May 01, 2010 $120,000
Director of Operations/Finance Into The Gloss, Inc. New York, NY Sep 11, 2014 $103,355
Finance and Operations Director Sunrise Medical Campus, LLC Puyallup, WA Jan 04, 2010 $101,220 -
$52
Director of Finance and Operations Notre Dame Academy, Inc. Duluth, GA Sep 24, 2011 $100,000 -
$199,000
Director of Finance and Operations Lending Home Corporation San Francisco, CA Nov 01, 2013 $100,000
Director, Finance/Ops World5, Inc. San Diego, CA Sep 14, 2014 $98,114
Director of SEA Finance and Operations and Treasury Clinton Health Access Initiative, Inc. Boston, MA Jul 01, 2015 $95,000
Director of Hotel Financial Operations Tanota Corporation Aug 01, 2013 $89,300

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Top Skills for A Director Of Operations And Finance

  1. Financial Statements
  2. Payroll
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Organized project plans, determined and prepared financial statements, budget forecasts and financial analyses for hospital operations.
  • Improved efficiency by eliminating unnecessary reporting and implementing new streamlined controls and reporting for AP/AR and payroll.
  • Developed full suite of financial and cost accounting procedures to ensure timely and accurate reporting of information to operations and owners.
  • Reviewed and evaluated business procedures to ensure compliance with company policies and standards.
  • Received qualified opinions in passing government mandated audit readiness standards in Military Pay and Civilian Pay.

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Top 10 Best States for Directors Of Operations And Finance

  1. New York
  2. Delaware
  3. California
  4. New Jersey
  5. Connecticut
  6. District of Columbia
  7. Colorado
  8. North Carolina
  9. Pennsylvania
  10. Rhode Island
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