Adrienne SmithWhat Does a Chief Financial Officer Do?
Chief financial officers (CFOs) are top-level executives who oversee the financial operations of an organization. CFOs handle everything related to financial control and cash flow planning. They also lead the development and implementation of an organization’s financial objectives, policies, and strategies.
Chief Financial Officer Job Overview
In the crucial role of a CFO, you are responsible for performing risk assessments and taking necessary corrective actions in order to maximize the organization’s and shareholders’ wealth. A key element in this role is closely collaborating with other high-level executives in developing strategic plans. Success in this role will be demonstrated by capitalizing on asset growth and increased profitability.
Chief Financial Officer Job Responsibilities and Duties
- Oversees the organization’s fiscal activities
- Assures compliance with national laws and regulations
- Ensures the accuracy of financial statements
- Identifies ways to reduce costs
- Identifies financial strengths and weaknesses
- Controls cash flow
- Handles relationships with investors and financiers
Chief Financial Officer Job Requirements
- Bachelor’s degree in Accounting, Financial Management, or other relevant disciplines; Master’s degree is preferred
- 10 years of work experience in a senior management position
- Exceptional accounting and financial background
- Highly experienced in budget management, cash flow, and public accounting
- High level of meticulousness
- Strong ability to make fast but well thought-out decisions
- Strong ability to work under pressure
- Strong negotiation skills
- Knowledge of corporate governance
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