Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Senior director of finance hiring summary. Here are some key points about hiring senior directors of finance in the United States:
Here's a step-by-step senior director of finance hiring guide:
The senior director of finance is responsible for the company's financial wellness. Finance directors are constituents of the senior executive team that incorporate operational and strategic roles, maintain accounting and financial control functions, and set up a financial strategy for the continued profitable growth of the business. Their responsibilities include supervising financial operations, managing and providing ongoing training to accounting personnel, and conducting the weekly and monthly financial evaluation. Also, the director will initiate budgets, allocate funds for capital projects, create annual financial plans and projections, as well as conduct an evaluation of financial risks and benefits on a business enterprise.
The senior director of finance hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A senior director of finance's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior directors of 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.
The following list breaks down different types of senior directors of finance and their corresponding salaries.
| Type of Senior Director Of Finance | Description | Hourly rate |
|---|---|---|
| Senior Director Of Finance | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $42-101 |
| Controller, Vice President | 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. | $52-113 |
| 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 |
Including a salary range in the senior director of finance job description is a good way to get more applicants. A senior director of finance salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a senior director of finance in Mississippi may be lower than in California, and an entry-level engineer typically earns less than a senior-level senior director of finance. Additionally, a senior director of finance with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $157,976 | $76 |
| 2 | New Jersey | $152,075 | $73 |
| 3 | Nevada | $150,920 | $73 |
| 4 | Texas | $145,077 | $70 |
| 5 | New York | $139,609 | $67 |
| 6 | Connecticut | $135,943 | $65 |
| 7 | Georgia | $135,252 | $65 |
| 8 | Ohio | $134,931 | $65 |
| 9 | Maryland | $131,999 | $63 |
| 10 | Washington | $131,379 | $63 |
| 11 | Arizona | $126,586 | $61 |
| 12 | Colorado | $123,919 | $60 |
| 13 | Illinois | $121,921 | $59 |
| 14 | Utah | $120,762 | $58 |
| 15 | Minnesota | $119,301 | $57 |
| 16 | North Carolina | $117,812 | $57 |
| 17 | Oregon | $116,419 | $56 |
| 18 | Massachusetts | $115,392 | $55 |
| 19 | Pennsylvania | $111,415 | $54 |
| 20 | District of Columbia | $110,306 | $53 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Mayo Clinic | $210,719 | $101.31 | 15 |
| 2 | Palo Alto Networks | $188,789 | $90.76 | 25 |
| 3 | Capgemini | $183,816 | $88.37 | 34 |
| 4 | Edwards Lifesciences | $183,020 | $87.99 | 10 |
| 5 | NanoString Technologies | $180,405 | $86.73 | |
| 6 | Zendrive | $178,414 | $85.78 | |
| 7 | Xilinx | $177,191 | $85.19 | |
| 8 | Zoox | $174,039 | $83.67 | 5 |
| 9 | APCO Worldwide | $172,727 | $83.04 | 2 |
| 10 | Novavax | $168,740 | $81.13 | 1 |
| 11 | Lowell General Hospital | $166,865 | $80.22 | |
| 12 | Nike | $166,106 | $79.86 | 10 |
| 13 | Workday | $165,275 | $79.46 | 9 |
| 14 | PepsiCo | $165,076 | $79.36 | 4 |
| 15 | Stryker | $163,240 | $78.48 | 24 |
| 16 | Grainger | $162,971 | $78.35 | 1 |
| 17 | Procore Technologies | $161,399 | $77.60 | 1 |
| 18 | Flow Automotive | $161,171 | $77.49 | 1 |
| 19 | LivCor | $160,550 | $77.19 | |
| 20 | University of Maryland Medical System | $160,312 | $77.07 | 7 |
A senior director of 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. Below, you can find an example of a senior director of finance job description:
To find the right senior director of finance for your business, consider trying out a few different recruiting strategies:
Recruiting senior directors of 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've selected the best senior director of finance candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting senior directors of finance involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
The median annual salary for senior directors of finance is $137,505 in the US. However, the cost of senior director of finance hiring can vary a lot depending on location. Additionally, hiring a senior director of finance for contract work or on a per-project basis typically costs between $42 and $101 an hour.