In business, every major financial decision a company makes has a profound effect on its profitability, or even its survival. Big decisions about expansion, restructuring, new product ranges, setting up in new territories and the really tough decisions like mass redundancies all need to be financially justified to the company, shareholders and sometimes the public. It’s the finance director’s job to oversee those decisions.
Finance director jobs are usually part hands-on financial analysis and decision making, and part overseeing a team of finance managers, departmental managers and accountancy departments. As a board member, they will have plenty of sway, but must also be in charge of implementing company-wide policies from a financial standpoint. They will know when to sit down and crunch the numbers themselves, and when to delegate the tasks to trusted lieutenants who can deliver sound, evidence-based figures on which to base those key decisions.
The skills required of the finance director
Clearly, the role of finance director is reserved for those who are highly experienced in overseeing the financial matters of large organisations. You won’t necessarily need to be a director already, but you will have to have proved that you understand business economics inside and out, and that you have had to make tough financial decisions and seen them through, gathering evidence, presenting your case and analysing results.
You’ll also be a great communicator and negotiator, as you’ll often be meeting with banks, shareholders, other board members and managers to both listen and to instruct on financial decisions. Many businesses require a BA in finance, accounting or business before this role is considered.
Finance Director Jobs in the North East
Covering Northumberland, Tyne and Wear, Teeside and County Durham, the North East includes the cities of Durham, Sunderland and Newcastle upon Tyne, as well as other communities like Gateshead, Middlesbrough and Darlington.
In the 18th, 19th and early 20th centuries, the area's economy mainly relied on shipbuilding, heavy industry, coal mining and manufacturing. However, most of these faced significant decline after the second world war.
The region's economy is now mainly based in the service sector, and it is also known for its retail, art and culture. A number of tech companies are located in the North East, as well as businesses based in the petrochemical and steel industries.
What's more, the region is home to a significant amount of scientific research, particularly at the Centre for Life. This facility in Newcastle includes exhibition space for tourists, as well as a number of working laboratories that are used by biotechnology companies and medical clinics.
For those seeking Finance Director roles, just some of the companies that have headquarters or manufacturing facilities in the North East include Santander, Sage Group, Virgin Money, Tetley Tea, McCoy's Crisps, Greggs the Bakers, Nestle and Coca Cola.
In addition, there's BAE Systems, which manufactures military tanks, while Siemens produces steam turbines and Nissan operates the largest car factory in the UK.
Finance director recruitment at Cast UK
At Cast UK, we understand how difficult it is to find high-calibre candidates to interview for critical roles like this. That’s why as an agency, we have always focused on the upper echelons of business, namely executive and managerial positions. So if you’re looking for the perfect finance director for your organisation, call 0333 121 3345 and we can deliver exactly those A1 candidates you’re looking for.
If you are a finance director or have a CV that proves you’re ready to become one, we want to hear from you – as do some fantastic businesses up and down the country. Please register with us by following the link below.