A chief financial officer (CFO) sits on the executive board and advises the CEO on financial activities. They are considered ‘financial business partners’, and are tasked with managing commercial projects, cash flow, financial planning and with reducing risk.
Chief financial officer job description and responsibilities
The CFO job description features a wide range of weighty financial responsibilities which fit the seniority of the role. CFOs work alongside both C-suite executives and junior finance professionals as they guide and shape the business’ financial activities.
Typical daily duties include:
- Managing financial control, risk and group reporting
- Developing financial strategy
- Reviewing, condensing and presenting business finance reports
- Leading on the annual financial planning cycle
- Monitoring the business’ financial plans
- Maintaining compliance
- Managing group tax planning and accounting
- Maintaining investor relations
- Management of investment and fundraising
- Cash flow management
- Banking covenants
- Management of investment
- Mergers and acquisitions
Chief financial officer job qualifications, skills and experience
CFO’s should have a strong academic background, with a BA or MA in one of the following subjects:
Executives are expected to have a minimum of 10 years’ experience in finance and to have considerable experience in a financial management position. They should be a qualified accountant (ACA or equivalent) and may find it useful to have strong niche industry experience and an MBA.
CFOs should aim to develop an understanding of robotics and automation, and how they can be integrated with existing systems and processes.
To be a good fit for the position, a CFO is expected to have some of the following personal qualities:
- Commercial mindset
- Strategic thinking
- Excellent communication skills
- Business acumen
- Entrepreneurial spirit
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