The 66-year-old is an unpopular choice among the Newcastle supporters having managed the club in the 2008-09 season - the year they were relegated - before ill health forced him to quit.
But Kinnear defended his role, claiming he is smarter than the Magpies' faithful, and revealed he will meet with Pardew on Tuesday to discuss transfer plans for the summer ahead.
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"Derek told me he has had a long talk with Alan and explained that I’m coming in as director of football. He is going to go on the finance side and anything to do with football is coming my side.
"Alan and I are very open-minded and good with each other. I have the utmost respect for him and I cannot see any problems."
Kinnear, famed for an infamous foul-mouthed rant at reporters in 2009 and the mispronunciation of Charles N'Zogbia's name - which led to his transfer - claims the media are responsible for his unpopularity.
"The Newcastle media wanted me to dance to their tune and I wasn't having it," he stressed on TalkSPORT.
"I stood up to them and they didn't like it. I took no notice of them. They always had it in for me and the Geordie fans bought into it.
"The press are feeding these rumours to the Geordie fans and I just hope they're not daft enough to believe it. People say I've done nothing in this game, but I've played with some of the best players in the world, but people are ignoring this.
"What can I attract to this club? I can open the door to any football manager in the world. I speak to Alex Ferguson, Arsene Wenger, any manager in all divisions. Some people are talking a load of tosh. I certainly have more intelligence than them, that's for sure."