Finance executives play a very important strategic role for their organizations, overseeing and managing the financial direction of the company. As such, you will be in charge of budgets, cash flow, company investments, financial decision-making and more. You serve as a key advisor to the board of directors and have the power to influence organizational strategies at the highest level. If you have the right credentials, background and experience to take on an executive role in finance, start exploring opportunities with Randstad now.
Average salaries for finance executives vary significantly depending on a number of factors, including where you’re located, the company you work for, the scope of your responsibilities and more. With that in mind, average salaries for finance executives range from $107,000 to $141,000 annually. Bonuses, profit sharing and other financial incentives may all be part of your compensation package as well.
Finance executives work normal business hours, but you may also be expected to travel to meet with clients, partners and stakeholders or attend industry events. You will spend a lot of your time working on your computer, analyzing data, staying up to date with industry trends and leading or attending meetings. You could report to the chief financial officer, CEO or board of directors, depending on the organizational structure of your employer.
Finance executives are responsible for the organization’s overall financial health. Typical responsibilities you can expect to be part of your job include:
Finance executives can work for companies of all sizes across virtually every industry, so you’ll find no shortage of opportunities available from coast to coast.. That said, California, New York and Texas are the three states with the highest levels of demand for finance executives right now.
Finance executives need to be strong business leaders and financial experts. Your ability to combine these leadership capabilities, while also effectively managing daily finance operations, will be a key factor in determining your success.
Some of the skills companies are seeking in finance executives include:
Organizations today expect their finance executives to have graduate degrees in business administration, finance, accounting or a related field. Strong finance experience and a track record of success are also essential. Candidates with additional business and finance certification or training may have an advantage on the job market.
Once you have reached the executive ranks within the finance function, you will likely remain at this level while serving in a variety of roles. For example, financial executives most frequently move on to work for new companies in order to take on new challenges. You may even move on to work in a new industry while keeping the same job title. There are also opportunities for finance executives to move into the consulting space.
Are you a financial executive? Looking to break into the executive level? Start exploring opportunities with Randstad right away.
Alternatively, if you are looking to find your company’s next finance executive, get in touch with us to learn how we can help you attract and hire top candidates.