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Director of operations and finance hiring summary. Here are some key points about hiring directors of operations and finance in the United States:
Here's a step-by-step director of operations and finance hiring guide:
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.
Before you start hiring a director of operations and 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.
A director of operations and finance's background is also an important factor in determining whether they'll be a good fit for the position. For example, directors of operations and finance from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents director of operations and finance salaries for various positions.
| Type of Director Of Operations And Finance | Description | Hourly rate |
|---|---|---|
| Director Of Operations And Finance | 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. | $37-87 |
| Finance Vice President | The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable... Show more | $47-106 |
| Finance Manager | A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports... Show more | $34-69 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $152,220 | $73 |
| 2 | New Jersey | $146,943 | $71 |
| 3 | Connecticut | $142,982 | $69 |
| 4 | New York | $136,510 | $66 |
| 5 | District of Columbia | $136,477 | $66 |
| 6 | Arizona | $115,322 | $55 |
| 7 | Maryland | $115,156 | $55 |
| 8 | North Carolina | $111,698 | $54 |
| 9 | Washington | $111,008 | $53 |
| 10 | Colorado | $103,893 | $50 |
| 11 | Minnesota | $103,859 | $50 |
| 12 | Tennessee | $100,347 | $48 |
| 13 | Massachusetts | $100,200 | $48 |
| 14 | Maine | $99,621 | $48 |
| 15 | Missouri | $98,499 | $47 |
| 16 | Georgia | $96,850 | $47 |
| 17 | Illinois | $93,560 | $45 |
| 18 | Florida | $93,059 | $45 |
| 19 | Texas | $92,525 | $44 |
| 20 | Pennsylvania | $91,805 | $44 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Pure Storage | $179,466 | $86.28 | 8 |
| 2 | JUUL | $174,284 | $83.79 | 1 |
| 3 | Netflix | $168,872 | $81.19 | 15 |
| 4 | $168,432 | $80.98 | 8 | |
| 5 | Walmart | $164,414 | $79.05 | 487 |
| 6 | Hubbell | $160,874 | $77.34 | 16 |
| 7 | Hebrew SeniorLife | $148,655 | $71.47 | 4 |
| 8 | KAYAK | $147,830 | $71.07 | |
| 9 | CTB | $147,301 | $70.82 | 2 |
| 10 | Hca Hospital Services Of San Diego | $147,260 | $70.80 | |
| 11 | Activision Blizzard | $146,260 | $70.32 | 1 |
| 12 | Firstservice Residential California, Inc. | $144,815 | $69.62 | |
| 13 | BMO Capital Markets | $144,027 | $69.24 | 51 |
| 14 | NICE Systems | $141,331 | $67.95 | 9 |
| 15 | Novavax | $140,825 | $67.70 | |
| 16 | Pwc | $137,282 | $66.00 | 1,637 |
| 17 | Connor Group | $134,273 | $64.55 | 8 |
| 18 | Regal Beloit | $134,192 | $64.52 | |
| 19 | Randstad North America, Inc. | $133,234 | $64.05 | 16 |
| 20 | SunPower | $132,552 | $63.73 |
A director of operations and 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 a director of operations and finance job description:
To find directors of operations and finance for your business, try out a few different recruiting strategies:
Recruiting directors of operations and finance requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
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 have selected a candidate for the director of operations and finance position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize 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 director of operations and 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.
Before you start to hire directors of operations and finance, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire directors of operations and finance pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $118,503 per year for a director of operations and finance, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for directors of operations and finance in the US typically range between $37 and $87 an hour.