Primary Role:
Financial Director/CFO: Manages financial health, including strategies and operations
Program Manager: Oversees specific programs, ensuring they align with organizational goals
Reporting Relationship:
Financial Director/CFO: Reports to CEO or executive board
Program Manager: Reports to a senior manager or director
Scope of Responsibilities:
Financial Director/CFO: Responsible for financial planning, analysis, and reporting
Program Manager: Manages program objectives, resources, and timelines
Decision-Making Authority:
Financial Director/CFO: Key decision-maker in financial matters
Program Manager: Decision-making within the scope of program management
Strategic Planning:
Financial Director/CFO: Integral to financial aspect of strategic planning
Program Manager: Participates in strategic planning of program objectives
Team Management:
Financial Director/CFO: Oversees the financial team or department
Program Manager: Manages program teams and coordinates with other departments
Meeting Involvement:
Financial Director/CFO: Attends executive meetings, particularly around financial planning
Program Manager: Leads program-related meetings and updates
Project Management:
Financial Director/CFO: Involved in financial projects and initiatives
Program Manager: Responsible for end-to-end program management
Communication:
Financial Director/CFO: Communicates financial information to stakeholders
Program Manager: Communicates program goals and updates to stakeholders
Professional Development:
Financial Director/CFO: Develops financial management and strategic skills
Program Manager: Develops in program management and strategic coordination