Chief Financial Officer
Quick Facts
Median Salary$210,868
Most Common EducationBachelor's degree
Projected 10-Year Growth+8.28%
Assessment MatchTake the Assessment
What They Do
A Chief Financial Officer is responsible for managing the financial actions of a company or organization. Duties include financial planning, analyzing financial strengths and weaknesses, proposing corrective actions, and tracking cash flow.
Core Tasks:
- Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
- Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
- Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
- Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
- Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
- Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
- Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting.
- Receive cash and checks and make deposits.
- Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
- Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
- Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
- Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
- Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
- Advise management on short-term and long-term financial objectives, policies, and actions.
- Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
- Lead staff training and development in budgeting and financial management areas.
What to expect as a Chief Financial Officer
1Earn a Bachelor's degree
65% of people achieve this level of education.
2Gain skills and experience
See Chief Financial Officer related courses on Tallo
3Land a job
1334 openings for Chief Financial Officers
Career Progression
in United States (Nation)
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