The chief financial officer (CFO) is the highest-ranking financial executive in a company. The CFO works with other C-level executives to manage the organization's finances and capital structures. The job requires specialized training and experience. There are many responsibilities and duties that the CFO has. Listed below are some of the most important responsibilities of the CFO. To get a job as a chief finance officer, you should have the following skills and qualifications:
The skills and education required to be a CFO vary widely. In general, a CFO should have a bachelor's degree in business, accounting, or economics. However, the actual job description is quite diverse. Many CFOs begin their careers as accountants, external auditors, or divisional managers. Most CFOs work their way up the ranks within a company and eventually hold the position of Chief Financial Officer.
The role of the CFO is changing, especially for smaller organizations. A recent full-time CFO job posting included a small air mobility design company in Massachusetts with fewer than 20 employees, as well as a 94-bed community hospital in Hawaii. As more CEOs seek the services of a financial expert, the CFO position has become more common. Smart companies view hiring a CFO as an investment, whether on a full-time basis or through a virtual CFO.