Financial Reporting Director directs and oversees the preparation and distribution of all periodic financial statements for external use. Ensures that reports, filings and documentation complies with company's regulations, professional standards, and SEC and GAAP reporting guidelines. Being a Financial Reporting Director confirms that entries, transactions, and accounts are accurately and properly consolidated and are included in internal and external financial statements. Advises management of trends and changes in reporting requirements and recommends best approach for any changes in reporting. Additionally, Financial Reporting Director may serve as a liaison with or oversee the work of external auditors. May direct the preparation of materials for board or shareholders. Requires a bachelor's degree of Accounting or Finance. Typically reports to top management. The Financial Reporting Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Financial Reporting Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)
Description
ESSENTIAL DUTIES AND RESPONSIBILITIES
· Build and maintain client bases, keeping current client plans up-to-date and acquiring new clients on an ongoing basis.
· Contact clients periodically to determine if there have been changes in their financial status.
· Devise debt liquidation plans that include payoff priorities and timelines.
· Explain and document for clients the types of services that are to be provided, and the responsibilities to be taken by the personal financial advisor.
· Guide clients in the gathering of information such as bank account records, income tax returns, life and disability insurance records, pension plan information, and wills.
· Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
· Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, and other information needed to develop a financial plan.
· Monitor financial market trends to ensure that plans are effective, and to identify any necessary updates.
· Recommend strategies clients can use to achieve their financial goals and objectives, including specific recommendations in such areas as cash management, insurance coverage, and investment planning.
· Research and investigate available investment opportunities to determine whether they fit into financial plans.
· Analyze financial information obtained from clients to determine strategies for meeting client’s financial objectives.
· Answer clients' questions about the purposes and details of financial plans and strategies.
· Review clients' accounts and plans regularly to determine whether life changes, economic changes, or financial performance indicate a need for plan reassessment.
· Sell financial products such as stocks, bonds, mutual funds, and insurance if licensed to do so.
· Meet with clients' other advisors, including attorneys, accountants, trust officers, and investment bankers, to fully understand clients' financial goals and circumstances.
Requirements
QUALIFICATIONS
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