Job Description

Job Title: Director of Finance – Service Industry

Reports To: Chief Operating Officer (COO)

Department: Finance/Accounting

Job Summary

The Director of Finance is responsible for overseeing all financial operations, planning, and analysis to support the company’s strategic goals in the service industry . This role ensures financial stability, compliance, and efficiency while optimizing profitability and financial performance. The Director of Finance collaborates with executive leadership to drive business decisions through data-driven financial insights.

Key Responsibilities

1. Financial Strategy & Planning

• Develop and implement financial strategies aligned with business goals.
• Provide financial forecasting, budgeting, and analysis to drive decision-making.
• Identify opportunities to improve profitability and cost efficiency.

1. Financial Reporting & Compliance

• Oversee the preparation of accurate and timely financial statements.
• Ensure compliance with Generally Accepted Accounting Principles (GAAP) and regulatory requirements.
• Manage audits and tax filings, working with external auditors and tax professionals.

1. Operational Finance & Performance Management

• Analyze key performance indicators (KPIs) and financial metrics to improve business performance.
• Develop pricing models and financial projections for new services or market expansion.
• Monitor cash flow, working capital, and financial risk management.

1. Budgeting & Cost Control

• Lead the annual budgeting process and monitor budget performance.
• Implement cost-control initiatives to optimize operational expenses.
• Provide variance analysis and financial recommendations to senior management.

1. Leadership & Team Management

• Manage and mentor the finance and accounting team.
• Foster a culture of accountability, collaboration, and continuous improvement.
• Ensure training and development for finance team members.

1. Financial Systems & Process Improvement

• Implement and improve financial systems, tools, and internal controls.
• Drive process automation and technology enhancements to increase efficiency.
• Collaborate with IT and operations teams to integrate financial systems with business processes.

1. Strategic Partnerships & Business Support

• Work closely with department heads to align financial planning with business objectives.
• Provide insights and recommendations for business growth and investment opportunities.
• Support M&A activities, due diligence, and financial modeling for potential acquisitions.

Qualifications

• Education:
• Bachelor’s degree in Finance, Accounting, or a related field.
• MBA or CPA preferred.
• Experience:
• 8+ years of progressive finance experience, with at least 3–5 years in a leadership role within the service industry.
• Strong background in financial planning, budgeting, and performance analysis.
• Experience with service-based revenue models, contract pricing, and client profitability analysis.
• Skills:
• Advanced knowledge of financial reporting, GAAP, and compliance regulations.
• Proficiency in financial software, ERP systems, and Microsoft Excel.
• Strong analytical and problem-solving skills.
• Excellent leadership, communication, and strategic thinking abilities.

Key Competencies

• Ability to adapt to a fast-paced, service-oriented environment.
• Strong business acumen with a focus on financial optimization.
• Collaborative mindset with a results-driven approach.
• High level of integrity and attention to detail.

Job Tags

Similar Jobs