CFO Job Description

CFO Job Profile and Description:

A chief financial officer (CFO) is responsible for all financial aspects of a company. He shows his expertise in the managing the financial duties, leading and coordinating in the various administrative, business planning, accounting and budgeting efforts of an organisation.

Duties and Responsibilities

• A CFO analyses, coordinates and evaluates financial programmes of company which includes areas like budgeting, tax planning, etc
• He has to approve and implement changes in financial and management information systems for the company
• He in charge of the approval and processing of revenue, expenditure, salary updates, data entry etc
• He has to supervise the preparation of financial statements, financial reports, forecasts and information reports
• He must strategise and implement finance, accounting, billing, and auditing methods
• He has to make and maintain internal control safeguards
• He has to work in cooperation with managers for planning initiatives through financial analyses, reports and recommendations
• He must make sure that records systems are maintained keeping with auditing standards
• He has to study cost controls and other expenses to ensure profit and also identify weal areas that need to be worked upon

Skills and Specifications

• The CFO must have experience in strategic planning and execution
• He should have good negotiation and communication skills
• He should be able to analyze financial data and make financial reports and forecasts
• He must know about finance, accounting, budgeting, and cost control tactics
• He should be aware of state financial regulations
• He must have leadership skills and should motivate his team to work efficiently and follow deadlines
• He must be willing to work within a flexible schedule

Education and Qualifications

A CFO is a senior position and one needs to have a Masters degree in finance or accounting. He must also have experience in senior-level finance or accounting position in a company.