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Chief Financial Officer (CFO) Job Description Template | Sample

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Updated September 24, 2024

A chief financial officer (CFO) is responsible for all aspects of a firm's finances. A CFO is a senior level or "C-suite" position, responsible for carrying out broad policies decided on by the firm's board of directors. Depending on the firm's size and scope, a chief financial officer will typically oversee a team of analysts, accountants, and more.

Salary (Median Pay)

For financial managers:[1]

  • Salary: $134,180/yr
  • Hourly Rate: $64.51/hr

Duties and Responsibilities

  • Develop long-term financial plans;
  • Provide financial advice for marketing, operations divisions;
  • Oversee annual budgeting process;
  • Create investment strategies and identify growth areas;
  • Conduct periodic risk analyses;
  • Monitor tax liabilities and audits when necessary;
  • Manage internal finance staff and external contracts; and
  • Help firm meet regulatory obligations.

Qualifications

  • Degree in finance, economics or accounting;
  • Extensive financial analysis experience;
  • Data-oriented approach to problem-solving;
  • Good understanding of budgeting process;
  • Ample knowledge of securities, bond markets; and
  • Ability to motivate those in demanding jobs.

Sources

  1. Bureau of Labor Statistics