Financial Director Responsibilities
The financial director is a key member of the executive team that sets the congregation’s overall financial strategy. He or she develops and implements the financial plans that achieve the organization’s strategic objectives. The financial director advises the executive team and board of directors on strategic and financial issues.
The financial director works to ensure that the organization’s short-term and long-term financial goals are met. He or she oversees the budgeting and forecasting budget for the organization. The financial director ensures the accuracy and integrity of financial reporting and analysis. He or she assists in creating financial models to evaluate potential projects as well as investments and acquisitions.
The financial director is responsible for providing leadership and guidance to all departments regarding financial matters. He or she oversees the accounting and financial management of the organization’s accounts including accounts receivable and payable, payroll and the preparation and analysis of financial statements. He or she oversees the preparation and filing of federal, state and local tax returns.
The financial director is also responsible for maintaining compliance with applicable financial regulations and accounting principles. He or she is tasked with ensuring the organization’s compliance with all applicable financial laws and regulations.
The financial director is expected to develop and implement long-term strategies to meet the financial needs of the organization. He or she is responsible for monitoring the financial performance of the organization and preparing financial reports to be submitted to the board of directors and other organization stakeholders.
The financial director works in close collaboration with the research and development team to develop financial models that focus on maximizing the value of the organization’s resources. He or she assists in identifying and managing cost savings opportunities and creating strategies to raise funds for future investments or acquisitions.
The financial director ensures that the assets of the organization are protected and maintained through proper management and control of the financial system. He or she is responsible for minimizing the exposure of the organization to financial risk. The financial director regularly reviews financial documents and records and develops internal financial controls to ensure compliance with financial regulations.
The financial director is expected to manage the financial department staff and ensuring adequate financial resources to carry out the organization’s mission. He or she is responsible for providing training, instruction and supervision to the staff working in the financial department. The financial director should also stay up to date on changes in the financial industry and regulations to ensure that the organization is in compliance with state and federal laws.
