CFO Salary Guide for 2023 - CFO Recruiters - Cowen Partners

      CFO Job Description

      This CFO job description, crafted by the nation’s top CFO recruiters, outlines the key skills, duties, and responsibilities for the role of chief financial officer. While generic in nature, this CFO job description can be tailored to recruit leaders across several industries, from credit union CFOs to hospital CFOs, tech industry CFOs, and more.

      CFO Job Description: About the Employer

      This is where you share details about your company and what a CFO applicant can anticipate when it comes to the business’s values, size, goals, and more.

      In addition to standard language regarding equal opportunity employment, you can call out any differentiators or value propositions that set your business apart from competitors. Here is some standard language often included as part of the “About Employer” section of a CFO job description.

      We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

      CFO Job Description: About the Role

      A chief financial officer (CFO) manages a company’s financial plans, well-being, and growth strategies. As a C-suite leader, the CFO:

      • Reports on company financials
      • Oversees assets with a focus on budgeting, risk mitigation, and forecasting
      • Stands at the forefront of financial negotiations, mergers and acquisitions, and many other critical activities

      CFO Job Description: CFO Responsibilities & Duties

      What a CFO does can vary in different industries and companies. Still, the CFO role typically encompasses duties pertaining to the financial status, growth, and strategies of an organization.

      Detailing those elements, here is a general description of a CFO’s duties and responsibilities:

      • Develops financial well-being of the organization by providing financial projections and accounting services, preparing growth plans, and directing staff.
      • Accomplishes finance human resource strategies by determining accountabilities; communicating and enforcing values, policies, and procedures; implementing recruitment, selection, orientation, training, coaching, counseling, disciplinary, and communication programs; planning, monitoring, appraising, and reviewing job contributions; and planning and reviewing compensation strategies.
      • Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction and establishing functional objectives in line with organizational objectives.
      • Establishes finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; and implementing change.
      • Develops organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; and accumulating capital to fund expansion.
      • Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; and developing action plans.
      • Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
      • Maximizes return on invested funds by identifying investment opportunities and maintaining relationships with the investment community.
      • Reports financial status by developing forecasts, reporting results, analyzing variances, and developing improvements.
      • Updates job knowledge by remaining aware of new regulations, participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations.
      • Accomplishes finance and organization mission by completing related results as needed.

      CFO Job Description: Chief Financial Officer Skills

      • Financial planning and strategy
      • Managing profitability
      • Strategic planning and vision
      • Quality management
      • Promotion of process improvement
      • Forecasting
      • Corporate finance
      • Budget development

      CFO Job Description: CFO Experience & Licensing Requirements

      • MBA or bachelor’s degree in business, finance, accounting, or equivalent experience.
      • Master’s degree preferred.
      • Certified Public Accountant certification a plus.
      • Minimum 10 years’ experience in accounting and financial management practices.
      • Experience in a senior management position.
      • Proficiency with accounting software, word processing, and spreadsheets.
      • Solid GAAP and financial reporting technical skills.

      Check out our industry-leading resources to see why Cowen Partners is a leading CFO Search Firm in New York City, Chicago, Seattle, Dallas, Los Angeles, and beyond:

      Top CFO Search Firm | Cowen Partners Executive Search

      Our hands-on executive recruiters have experience working with private, public, pre-IPO, and non-profit organizations. Clients are typically $50 million in revenue to Fortune 1000’s or have assets between $500 million to $15 billion.

      Cowen Partners is the nation’s leading CFO search firm, driven to create value for our clients. Read more of our industry-leading retained search resources to see why Cowen Partners is a top CFO search firm, including tax and accounting leadership, in New York City, Chicago, Seattle, Atlanta, Dallas, Los Angeles, and beyond:

       

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