Director of Finance Jobs in Chicago, Illinois: Salary Overview and Job Description

Director of Finance Jobs in Chicago, Illinois: Salary Overview and Job Description

Directors of Finance play a vital role in leading financial strategy and driving business growth. Chicago, Illinois, is a hub for finance professionals, with numerous job opportunities available in various industries. This article provides an overview of Director of Finance jobs in Chicago, including salary ranges, job descriptions, and industry-specific requirements.

Salary Overview: Director of Finance Jobs in Chicago

Director of Finance (Small-sized companies):  $120,000 – $160,000 

Director of Finance (Medium-sized companies):  $160,000 – $220,000 

Director of Finance (Large-sized companies):  $220,000 – $300,000 

Director of Finance (Publicly traded companies):  $250,000 – $350,000 

Director of Finance (Private equity-backed companies):  $200,000 – $320,000

Job Description: Director of Finance

Key Responsibilities:

  1. Financial Planning: Develop and implement financial plans.
  2. Budgeting and Forecasting: Manage budgets and forecasts.
  3. Financial Analysis: Conduct financial analysis and review.
  4. Financial Reporting: Oversee financial reporting and compliance.
  5. Risk Management: Identify and mitigate financial risks.
  6. Investor Relations: Manage investor relationships.
  7. Team Management: Lead and manage finance teams.
  8. Strategic Planning: Develop and implement strategic plans.

Requirements:

  1. Education: Bachelor’s degree in Finance, Accounting, or related field; MBA or CPA preferred.
  2. Experience: Minimum 8-12 years of finance experience.
  3. Language Skills: Fluency in English.
  4. Technical Skills: Proficiency in financial software, such as Excel, Financial Modeling, or SAP.
  5. Soft Skills: Strong leadership, communication, and problem-solving abilities.

Industry-Specific Requirements:

  1. Public Accounting: Experience with auditing and financial statement preparation.
  2. Corporate Finance: Knowledge of financial planning and analysis.
  3. Private Equity: Understanding of private equity investments and exits.
  4. Real Estate: Familiarity with real estate finance and development.

Career Path and Progression:

  1. Financial Analyst: Financial Manager
  2. Financial Manager: Director of Finance
  3. Director of Finance: CFO
  4. CFO: CEO or COO

Challenges and Opportunities:

  1. Regulatory Complexity: Navigate complex regulatory environment.
  2. Economic Volatility: Manage financial risks amidst economic uncertainty.
  3. Growth Opportunities: Identify emerging opportunities in finance.
  4. Talent Development: Attract and retain top finance talent.

Job Opportunities in Chicago:

  1. Deloitte
  2. Ernst & Young
  3. KPMG
  4. PricewaterhouseCoopers
  5. RSM
  6. BDO
  7. Grant Thornton
  8. Crowe Horwath
  9. Baker Tilly
  10. Plante Moran

Top Job Titles in Chicago:

  1. Director of Finance
  2. Financial Director
  3. Finance Vice President
  4. Treasurer
  5. Controller
  6. Financial Planning and Analysis Manager
  7. Risk Management Manager
  8. Investor Relations Manager
  9. Mergers and Acquisitions Manager
  10. Strategic Planning Manager

Skills Required:

  1. Financial planning and analysis
  2. Budgeting and forecasting
  3. Financial reporting and compliance
  4. Risk management
  5. Investor relations
  6. Team management
  7. Strategic planning
  8. Communication and interpersonal skills
  9. Analytical and problem-solving skills
  10. Technical skills in financial software

Average Salary Growth Rate: 8-10% per annum

Job Satisfaction Rate: 8.5/10

Conclusion:

Director of Finance jobs in Chicago offer challenging and rewarding career opportunities. With competitive salaries and growing demand, Chicago is an attractive destination for finance professionals.

If you are looking for suitable job, please upload your CV or apply here: www.finjobhub.com

 

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