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Finance director vs assistant director of finance

The differences between finance directors and assistant directors of 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 finance director and an assistant director of finance. Additionally, a finance director has an average salary of $118,518, which is higher than the $71,057 average annual salary of an assistant director of finance.

The top three skills for a finance director include CPA, financial analysis and payroll. The most important skills for an assistant director of finance are customer service, payroll, and reconciliations.

Finance director vs assistant director of finance overview

Finance DirectorAssistant Director Of Finance
Yearly salary$118,518$71,057
Hourly rate$56.98$34.16
Growth rate17%17%
Number of jobs90,01298,892
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 70%
Average age4646
Years of experience88

What does a finance director do?

A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.

What does an assistant director of finance do?

An assistant director of finance is responsible for overseeing the financial activities of a company, ensuring accuracy and smooth workflow. They are also in charge of implementing company policies and regulations, creating new ones as needed while coordinating with the director. Moreover, an assistant director of finance may perform audits and risk assessments, allocate budgets and schedules, coordinate with different departments to gather necessary data, and create new strategies to optimize the workflow and the performance of the workforce.

Finance director vs assistant director of finance salary

Finance directors and assistant directors of finance have different pay scales, as shown below.

Finance DirectorAssistant Director Of Finance
Average salary$118,518$71,057
Salary rangeBetween $76,000 And $183,000Between $46,000 And $109,000
Highest paying CityPalo Alto, CAOakland, CA
Highest paying stateCaliforniaNew York
Best paying companyMetaUCI Health
Best paying industryManufacturingUtilities

Differences between finance director and assistant director of finance education

There are a few differences between a finance director and an assistant director of finance in terms of educational background:

Finance DirectorAssistant Director Of Finance
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 70%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance director vs assistant director of finance demographics

Here are the differences between finance directors' and assistant directors of finance' demographics:

Finance DirectorAssistant Director Of Finance
Average age4646
Gender ratioMale, 65.1% Female, 34.9%Male, 46.7% Female, 53.3%
Race ratioBlack or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.4% White, 64.1% American Indian and Alaska Native, 0.3%Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.9% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance director and assistant director of finance duties and responsibilities

Finance director example responsibilities.

  • Manage treasury functions considering the inflationary situation and changes in economic patterns to minimize any negative impact they may involve.
  • Improve internal controls and operating efficiency by training accountants and converting general ledger reconciliations to GAAP formats.
  • Prepare financial data and footnotes for independent CPA annual audit financial statements.
  • Develop financial models in Hyperion to aggregate sales data and allocate expenses for profitability analysis.
  • Complete Sarbanes-Oxley procedural requirements for entire incentive development, administration and reporting process.
  • Develop an electronic billing capacity and are the first Montana health care provider to bill Medicaid electronically.
  • Show more

Assistant director of finance example responsibilities.

  • Manage FSEOG & FWS programs in the campus.
  • Lead team of individuals responsible for completion of verification, R2T4, and student file audits.
  • Manage a majority of payroll ensuring that there are accurate accruals and necessary deductions.
  • Manage financial reporting in support of CEO/CFO/President with oversight for data integrity and consistency of reporting across enterprise.
  • Complete state and federal reporting which pertain to financial aid such as IPEDS, FISAP, and HLC reports.
  • Prepare journal entries, prepare reconciliations, produce financial productivity reports, and liaise with business managers as lead accounting point-of-contact.
  • Show more

Finance director vs assistant director of finance skills

Common finance director skills
  • CPA, 7%
  • Financial Analysis, 6%
  • Payroll, 4%
  • Work Ethic, 4%
  • Oversight, 4%
  • Financial Management, 4%
Common assistant director of finance skills
  • Customer Service, 9%
  • Payroll, 8%
  • Reconciliations, 5%
  • Financial Analysis, 5%
  • Financial Data, 4%
  • Cash Control, 4%

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