Finance responsibility division director vs chief finance officer

The differences between finance responsibility division directors and chief finance officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a finance responsibility division director and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $138,200 average annual salary of a finance responsibility division director.

The top three skills for a finance responsibility division director include financial management, financial analysis and direct reports. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Finance responsibility division director vs chief finance officer overview

	Finance Responsibility Division Director	Chief Finance Officer
Yearly salary	$138,200	$143,947
Hourly rate	$66.44	$69.21
Growth rate	6%	6%
Number of jobs	74,370	145,184
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 72%
Average age	52	52
Years of experience	-	-

Finance responsibility division director vs chief finance officer salary

Finance responsibility division directors and chief finance officers have different pay scales, as shown below.

	Finance Responsibility Division Director	Chief Finance Officer
Average salary	$138,200	$143,947
Salary range	Between $101,000 And $188,000	Between $80,000 And $257,000
Highest paying City	-	Washington, DC
Highest paying state	-	California
Best paying company	-	Baker McKenzie
Best paying industry	-	Construction

Differences between finance responsibility division director and chief finance officer education

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

	Finance Responsibility Division Director	Chief Finance Officer
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 72%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Finance responsibility division director vs chief finance officer demographics

Here are the differences between finance responsibility division directors' and chief finance officers' demographics:

	Finance Responsibility Division Director	Chief Finance Officer
Average age	52	52
Gender ratio	Male, 72.4% Female, 27.6%	Male, 71.9% Female, 28.1%
Race ratio	Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%	Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between finance responsibility division director and chief finance officer duties and responsibilities

Finance responsibility division director example responsibilities.

Manage a staff of 14 FTE at headquarters and 26 FTE in remote locations serving a total of ~ 200 FTE.
Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
Implement corporate ERP throughout international locations.
Implement ERP system for an FDA regulate manufacturing operation and start implementation process of an integrate document control system.
Provide decision-support analysis on projects and initiatives including approval recommendations for ROI on capital spending requests and key initiatives as needed.
Prepare year-end audit materials including tax packages, annual operating budget and quarterly/annual SOX testing.

Chief finance officer example responsibilities.

Lead management team in developing and executing a combination of pricing and cost savings strategies that improve EBITDA more than threefold.
Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
Lead system conversion to Hyperion planning budgeting/forecasting software, responsible for training, developing and implementation.
Manage all firm banking relationships, treasury functions and retain signatory authority for all partnership and corporate accounts.
Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
Prepare annual general ledger reconciliations and consolidate financial reports for CPA tax preparation.

Finance responsibility division director vs chief finance officer skills

Common finance responsibility division director skills

Financial Management, 19%
Financial Analysis, 12%
Direct Reports, 11%
Financial Statements, 10%
Financial Models, 6%
Financial Operations, 6%

Common chief finance officer skills

Payroll, 7%
CPA, 6%
Oversight, 5%
Financial Reports, 4%
Human Resources, 4%
Internal Controls, 4%

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Finance Responsibility Division Director
Finance Responsibility Division Director vs Chief Finance Officer

Updated January 8, 2025

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