Chief Financial Officer job description
The Chief Financial Officer is accountable for the administrative, financial, and risk management operations of a business.
The Chief Financial Officer will have primary responsibility for planning, implementing, managing and controlling all financial-related activities including the development of financial and operational strategies.
The role of a Chief Financial Officer will include direct responsibility for accounting, finance, forecasting, strategic planning, job costing, deal analysis and negotiations and investor relations.
As a key member of the Executive Management team, the Chief Financial Officer will report to the company CEO, Director or President and assume a strategic role in the overall management of the company.
Chief Financial Officer role, duties and responsibilities
A Chief Financial Officer will be expected to perform any of the following tasks:
- Assist in formulating the company’s future direction and supporting tactical initiatives
- Monitor and direct strategic business plans
- Develop financial and tax strategies
- Oversee all transactions and processing systems
- Implement operational best practices
- Supervise acquisition due diligence and negotiate acquisitions
- Provide strategic recommendations to enhance financial performance and new business opportunities
- Ensure effective internal controls are in place and compliance with GAAP and applicable regulatory legislation for financial and tax reporting
Typical qualities of a successful Chief Financial Officer include:
- Over ten years in progressively responsible financial leadership roles
- Strong interpersonal skills, ability to communicate and manage well at all levels of the organisation
- Strong problem solving and ability to make decisions based on accurate and timely analysis
- High level of integrity and dependability
- Make and implement crucial recommendations