Director Of Finance Career Guide and Counseling

Question: How much money does an associate finance director make in a New York State University located in NYC? What is salary of an associate finance director who does administrative and accounting work in a New York State University located in NYC? He does not belong to a union. He is employed by the government.

Answer: $70,000 per annum plus three weeks paid vacation and Health Benefits

Question: What qualifications do I need to become a Accountant/Finance Director? I would like to become a accountant/finance director but I dont know what courses to take in college/university to give me the best qualification to become a accountant or in the future, a finance director Please help!

Answer: You'll need a Bachelor's in Finance and, to become a director, likely an MBA as well. Good luck!

Question: I need the format of a contact between a company and an individual to render services of a finance director? The agreement will specify that it is updated on annual basis, can be terminated by either party giving one month's notice. The individual must obsreve confidentiality while discharging the duties of the finance director.

Answer: You've described a few of the "deal points" and undoubtedly have negotiated several others, which is an excellent start. At this stage, make "doubly sure" (confirm it in writing if possible) that your company will have no contract with the "prospective" finance director "unless and until they have finalized and executed a written agreement". Then, before you ask your attorney to draft the contract, you should make a list of the deal points, including: (1) Term. What is the contract term? You said "updated on an annual basis" but "can be terminated by either party giving one month's notice" -- which sounds like a one-month contract, but this should be clarified. If the prospective employee is particularly valuable to your company, and especially if there will be a significant amount of training, then you may want to consider a longer-term contract which is "back-loaded" with bonuses -- so that the employee has to remain with the company in order to receive the "back-loaded" compensation. (2) Compensation and Benefits. This includes base pay, bonuses, annual increases, profit participation, 401k contributions, expense account, company car, travel benefits (with family?), vacation, sick days, etc. (3) Working Hours. What are the expected working hours (per day, per week, per month)? What happens if the expected hours are significantly exceeded? What happens if they are significantly less than agreed? (4) Duties. Make a precise list of the duties and responsibilities of the employee. Include a precise list of the authority of the employee with respect to (in this case) signing on the corporate bank account(s), supervising auditors, preparing tax returns and other government reports, etc. (5) Early Termination. What happens if the employee quits before the contract term? What happens if the employee is terminated involuntarily ("fired") before the contract term, either "for cause" (he's caught stealing) or "without cause"? (6) Post-Contract Provisions. You negotiated a confidentiality provision (excellent) but limit it to the time "while discharging the duties of the finance director". Consider whether to expand this into a post-contract provision, which would restrict the employee, after the contract term, from disclosing any company information (this has to be carefully drafted by competent counsel, in order to be enforceable, but you should first negotiate this as a "deal point", if you want it) -- called an NDA ("non-disclosure agreement"). You may also want to add a narrow "non-competition agreement", to prevent your finance director from starting a competitive company or being lured away by an existing competitor, who would then be able to learn about your customers, vendors, products, etc. After you have reached a "tentative agreement" (remember to clarify in writing that there is no binding contract until it is in writing and signed!!), then work with your attorney to draft the entire agreement. Note that a properly drafted employment contract for a senior executive may exceed 50 pages in length, in order for it to be both clear and enforceable legally. If you are not prepared to spend the time and fees to negotiate such a contract, then consider whether or not a "handshake" agreement would provide more protection for the company, because a poorly written contract is usually worse for the company than no written contract at all. Hope this helps.

Question: What is The Divisional Director Finance and Remittance Nation Wide Bank PLC 39High street,Oldham OL1 3BE? Do you know Rev.Fr.Martin? rev_fr_martin_og@myway.com

Answer: absolutely no idea but if you received an unsolicited email from him/them suggesting there is money for you ... it is a scam. *** we've seen one over here in the States pretending to be from the freakin' US Customs Service's unclaimed assets division -- as if anyone who had 1.3 million confiscated by Customs inspectors wouldn't know it was theirs.

Question: My dad used to work as a finance director in autos in southern cal. Any local positions available? Help needed? I am his fifteen year old son, simply concerned about his unemployed father's future. I was not told to write this, but decided to because i want to help in any way i can. please provide me with a few ideas on some work places in the orange county area.

Answer: ITs a tough economy and no one is spending money on things right now. Companies are letting people quit and not replacing them. Your dad needs to evaluate his core skills and reinvent himself. He needs to open his focus beyond finance. He's a numbers guy and its tax season hook up with a tax filing co for the interim. Also networking is key in this market. He needs to start reaching out to anyone and everyone talking himself up. Perhas friends or family see some qualities in him that will help him see and avenue to refocus his skills on. Smaller banks have continued to do well in this economy perhaps there is something there. Also he needs to be prepared to adjust his salary expectations. As the job market tightens and more potential job seekers become available the competition will be tight. Also seek out financial job placement firms. If a company has a need these days they will look for a temp to earn the full time spot before making a long term commitment. Its a new world with new rules.

Question: What is the difference between CFO and Finance Director?

Answer: A CFO usually is in charge of all the Financial affairs of a Company,whilst a Financial Director usually has more limited powers.

Question: what is the difference between "Financial Controller" and "Finance Director". Give me six differences please.? who is Financial Controller and who is Finance Director . What are the officiating powers of Financial Controller and what are those for Finance Director . who is the first in the company set up etc.,

Answer: The Financial Controller manages an X number of Finance Directors, depending on the company size, each department of division will have a finance director. The Financial Controller Reports to the CFO, the Finance Director reports to the Financial Controller. The Finance director makes sure to calculate budgetary expenditure for his/her department/task/division. The Financial Controller, upon approval limits, will escalate approvals to CFO. The Finance Director oversees a limited amount of financial information, typically based solely on region/market/division. The Financial Controller oversees results and performance of Finance Directors responsibilities. Small companies do not have Finance Directors and typically label the position Finance Director even though the responsibilities are of a Financial Controller.

Question: I would like to know the types of roles a company director can be known by, ie finance director, marketing dir anyone pls point me in the right direction so I can get a list of these titles. many thanks

Answer: Apart from the ones you have; Managing Director Technical Director Sales Director Regional Director HR Director Training Director Hope these help.

Question: What does a hedge fund finance director do?

Answer: They are sometimes seen as the CFO for a hedge fund organization. Many hedge funds have directors and VPs instead of CFOs and COOs, etc. Hope this helps. - Richard Richard Wilson http://richard-wilson.blogspot.com

Question: what is the next promotion after being a finance director at auto dealership?

Answer: It depends on your interests. Did you enjoy working in the finance director role? If so, perhaps a good next step up would be to look for a finance role at a larger company, maybe a mid-size corporate office.