CFO job description
A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of their company. They are often in charge of tracking cash flow, analyzing strengths/weaknesses in the company’s finances and overseeing all aspects of its financial success.
This Chief Financial Officer or CFO job description template is optimized for posting on online job boards or careers pages and easy to customize for your company.
CFO responsibilities include:
- Driving the company's financial planning
- Performing risk management by analyzing the organization’s liabilities and investments
- Deciding on investment strategies by considering cash and liquidity risks
Job brief
We are looking for an experienced Chief Financial Officer or CFO to perform effective risk management and plan the organization’s financial strategy. It is a very important and complex role since an organization can only survive if it actively investigates and safeguards its finances.
A CFO must be well-versed in all aspects of financial management ranging from simple accounting to broad investment and banking operations. The ideal candidate will be an excellent leader since all relative departments of the organization will be under their command.
The goal is to protect the company’s revenues and profits to achieve full financial control and sustainable growth.
Responsibilities
- Drive the company’s financial planning
- Perform risk management by analyzing the organization’s liabilities and investments
- Decide on investment strategies by considering cash and liquidity risks
- Control and evaluate the organization’s fundraising plans and capital structure
- Ensure cash flow is appropriate for the organization’s operations
- Supervise all finance personnel (controllers, treasurers etc.)
- Manage vendor relationships
- Prepare reliable current and forecasting reports
- Set up and oversee the company’s finance IT system
- Ensure compliance with the law and company’s policies
- Manage team of financial controllers and financial analysts.
Requirements and skills
- Proven experience as CFO, finance officer or relevant role
- In depth knowledge of corporate financial law and risk management practices
- Excellent knowledge of data analysis and forecasting methods
- Proficient in the use of MS Office and financial management software (e.g. SAP)
- Ability to strategize and solve problems
- Strong leadership and organizational skills
- Excellent communication and people skills
- An analytical mind, comfortable with numbers
- CPA is a strong advantage
- BSc/BA in Accounting, Finance or relevant field; MSc/MBA is a plus
Frequently asked questions
What does a CFO do?
The CFO is responsible for managing the financial actions of the company. Their duties include tracking cash flow, analyzing strengths and weaknesses to propose corrective action plans when necessary and preparing accurate forecasts so that management can make informed decisions about future investments or cuts.
What are the duties and responsibilities of a CFO?
A CFO is in charge of the financial side of a business. They are responsible for building models, analyzing data, and preparing statements to reconcile income with expenses to keep track of the company’s earnings and projected cash flow.
What makes a good CFO?
A successful CFO must see risks and opportunities behind financial data and act as a strategic business partner for the CEO. To do this, a good CFO needs strong leadership skills, excellent communication with team members, and is an expert on current financial topics related to their industry.
Who does the CFO work with?
CFOs work closely with other company senior executives, such as the CEO and COO. These officials are referred to as the C-Suite for their proximity in decision-making on behalf of this organization's highest level, which reflects them best representing all stakeholders involved within it.
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