Chief Financial Officer

What is a chief financial officer?

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 reportingDeveloping financial strategyReviewing, condensing and presenting business finance reportsLeading on the annual financial planning cycleMonitoring the business’ financial plansMaintaining complianceManaging group tax planning and accountingBudgetingMaintaining investor relationsManagement of investment and fundraisingCash flow managementFundraisingBanking covenantsManagement of investmentMergers 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:FinanceAccountingEconomicsMathematicsEngineeringExecutives 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 mindsetStrategic thinkingExcellent communication skillsBusiness acumenEntrepreneurial spirit

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3M
ADP - Financial Services
Accounting Functions
Accounting Software Systems
Auditing
Budget Processes
C-Suite
CRM
CapEx
Capital Management
Salary for Chief Financial Officer
125000 - 205000
25th Percentile
125000
Little or no prior experience in the position; still developing relevant skills. Demand: Low
50th Percentile
170000
Some prior experience in the position; has several relevant skills. Demand: Moderate
75th Percentile
205000
Extensive prior experience in the position; has mastered relevant skills. Demand: High
Projected salaries for related positions Position title 25th Percentile 50th Percentile 75th Percentile Group Finance Director 110250 126500 140000 Finance Director 84250 100000 123500 Shared Service Centre Director 77500 88000 100000 Group Financial Controller 76500 92250 127500 Financial Controller 67750 82000 90250 Finance Manager 53500 62000 66000 Group Accountant 54000 61500 66250 Qualified Management / Financial Accountant 49500 54000 58000 Director of Audit & Risk 87000 91750 105000 Internal Audit Manager 57500 65000 70000 Internal Auditor 50000 53250 58750 Treasury Manager 65250 72500 78000 Treasury Accountant 50000 54500 61500 Tax Manager 58500 71000 87500 Tax Accountant 50250 55000 61500

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