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A corporate finance director manages a team of financial specialists, develops financial strategies, and reports to the CEO. Investment banking experience and knowledge of capital raising methods are advantageous, as is experience with shareholders, mergers, and acquisitions. Maintaining an excellent credit rating and communication skills are also important.
A director of corporate finance typically oversees or manages a team of financial specialists who handle the financial activity of a company or organization. Usually reporting to or working under the CEO, a corporate finance director can define and develop a company’s financial strategy and performance. Those working in this sector may have extensive experience in corporate finance or investment banking and a working knowledge of corporate valuation, mergers, acquisitions and other methods used to raise capital from business activities such as research, development and expansion.
One of the many responsibilities of a corporate finance director is to help a company or organization clearly define a strategy for current and future financial activity. This strategy may include individual project financing, capital raising, and corporate finance responsibilities. Part of that role is also maintaining and monitoring the performance of these various financial activities. A director of corporate finance will likely work closely with the chief executive officer (CEO) or chief financial officer (CFO) of a company. The need to analyze and prepare monthly, quarterly and annual financial reports for a board of directors may also be part of this position.
Experience in corporate finance or investment banking will help any corporate finance director successfully handle the duties and responsibilities of this position. As investment banks will underwrite any fundraising project, a corporate finance director with investment banking experience will be in a unique position to help raise the necessary funds to expand or grow certain aspects of a business. A working knowledge of corporate capital raising methods such as stocks, bonds and securities can also be a critical role in this position. Previous experience with initial public offerings (IPOs) of shares and bond issues to raise capital provides an advantage for anyone in this position.
Past knowledge or experience in dealing with shareholders, corporate valuation, acquisitions and mergers will provide an advantage for most corporate finance directors. Before capital can be raised for a corporation through any of these methods, shareholders must be certain of the current market value of any assets or liabilities held by the corporation. A director of corporate finance is also responsible for ensuring that a company does what is necessary to maintain an excellent credit rating if the need arises to borrow money. Excellent communication skills and the ability to know what information to release at what time while still working within the confines of any laws and regulations are vital in this position.
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