The director of finance for most mid to large-sized companies has responsibilities similar to that of a CFO, or chief financial officer. Typically, in companies where a director-level position is needed, this role will be part of a team supporting the CFO in managing budgets, forecasting costs, and managing an accounting staff. Managing finances for companies of significant size requires a team. Having a competent and qualified director can help keep the team on track. In smaller companies, the finance director may be included as part of the executive team.