Job Title: Director Of Finance
Type of Company: My company is in the telecommunications field, primarily in network security.
Education: BS, UMass-Amherst MBA, Rivier College (Nashua, NH)
Previous Experience: I worked as a customer service representative and transitioned from an accounting assistant's role to a job as a financial analyst. My career path then took me into credit management and finally into high-tech finance.
Job Tasks: My job responsibilities can vary widely from day to day. I primarily oversee the transactional side of the finance area in my company. The things that fall under my purview are accounts payable, accounts receivable, billing, collections, credit management and banking. One of the main focuses of my daily work is to supervising the staff to ensure that they complete their work in a timely, accurate and reliable way.
Weekly deadlines are a fact of life in corporate finance. Collections forecasts and account reviews are conducted on a weekly basis, and there are weekly meetings with senior management to discuss the results. The company's banking needs are monitored even more frequently by means of daily funds transfer reports, reports on the purchase and sale of currency, and general reporting on the current cash position of the company.
I also oversee our corporate risk management (meaning the company's insurance).
Best and Worst Parts of the Job: One of the best parts of my job is the opportunity to work with the sales teams in order to negotiate the sales opportunities. Whether it be non-standard payment terms or credit limits, a successful negotiation and closed business transaction provides a great sense of satisfaction. Seeing the team achieve its objectives is another great part of my job. There is also the opportunity to make a difference with process improvements and various projects and initiatives within the company.
The worst part of the job is having to depend on other departments that do not share a common vision, or who aren't in a hurry to address or to remedy problems.
1. In addition to the hard-core accounting classes, take some organizational behavior classes.
2. Be flexible in the type of entry job that you take. Don't feel that an accounting clerk role is beneath you, as it is a great place to see how the company works.
3. Work on your negotiating and communications skills as these are both important in this type of job.
4. Try to be well-organized. It is easier to start out organized than to try to organize yourself later.
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