How to become a Financial Director?

The Financial Director is one of the most responsible positions in a company and, for this reason, it is normally entrusted to someone who already belongs to the same company.

However, in case anyone doubted it, there are also job offers for Financial Director. If you want to get the best preparation for this job, we recommend our Master of Financial Management, in which you will train with experts in the sector and acquire the necessary skills to demonstrate your preparation to companies.

Today we analyze the requirements that companies are currently demanding from applicants for financial management.

Requirement 1: Experience

The first requirement demanded to be a Financial Director is experience. With this we can deduce that highly responsible positions require a previous career that supports your work. In our master's degree in Financial Management we offer you paid internships with which you can acquire it.

Requirement 2: Level of studies

For companies looking for a financial director, a degree or bachelor's degree focused on business administration is essential and, of course, most of them also positively value a master's degree in Financial Management, Accounting and Labor Management. Of the offers analyzed, practically all of them specify that a specialization in finance or business administration is valued in addition to a career in Business Administration and Management.

Requirement 3: Functions of the financial director and competencies

One of the parts that we must not forget are the skills. What you can contribute to the company at the time of joining. Companies, in the job offers analyzed this week, demand the following skills from their financial directors:

• Accounting management of the company (collections, payments, liquidity, treasury, accounts, etc.).
• Bank financing or through investments and study of the profitability of financing plans at all time periods.
• Training and development of the team in your charge.
• Cash Flow Analysis.
• Implement communication systems for financial department reports with other areas of the company.
• Analysis of ratios, KPIs and CM.
• Negotiation.
• Companies also value knowledge of enterprise resource management programs such as SAP or SAGE.