Finance Directors

A financial director or known as the CFO (English Chief Financial Officer ) is an executive who is in charge of monitoring cash flow, planning and other financial activities within an organization. If you want to work in a senior management position and have studied accounting or finance, striving to become a CFO could be a possible dream.

The CFO of a company has primary responsibility for planning, implementing, managing, and executing all financial activities of a company, including business planning, budgeting, forecasting, and negotiations. The CFO job description should also extend to obtaining and maintaining investor relations and partnership compliance.

Another of the main functions of a CFO is to carry out administrative , risk management and financial operations within an organization. While they answer to the president, they are the executives who have the most say when it comes to the company's investments and how the organization will manage revenue and operating costs.

The ultimate goal is for the CFO to develop strategies and different control systems that preserve the assets and income of the company.

Responsibilities of the CFO

As part of an executive management team, the CFO will interact with various members of a company, both senior and junior. The CFO works very long days and performs a wide range of tasks on a daily basis. Depending on the financial condition of the company or the season , executives can work all day and into the night.

A job description for these professionals should include:

  • Provide leadership, direction and management of the finance and accounting team.
  • Provide strategic recommendations to the CEO / president and members of the executive management team.
  • Manage the financial forecasting and budgeting processes, and supervise the preparation of all financial reports.
  • Advice on long-term business and financial planning.
  • Establish and develop relationships with senior management and external partners and stakeholders.
  • Review of all formal procedures related to finance, human resources and the technology area.
  • Monitoring of strategic business plans.
  • Development of financial strategy.
  • Development of fiscal strategies to reduce obligations.
  • Budget management from department to department.
  • Meet with managers and executives for decision making.
  • Management of the accounting, legal, tax and treasury departments.
  • Implementation and supervision of processing systems.
  • Oversee the employee benefits system.
  • Review of financial reports.
  • Report the results to the board.
  • To invest.
  • Monitoring of legal problems that could affect the company.
  • Make sure the company complies with all regulations.
  • Maintain insurance to protect the organization against risks.