The CFO'S Perspective

What is a Typical CFO Job Description


A Chief Financial Officer (CFO) is a senior executive role that manages the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.

When a company asks CFO Selections to engage in a search for a CFO, we walk through each company’s specific needs to create a customized job description. The job description for a CFO can vary somewhat depending on the size and industry of the organization, but here is a typical example:

Job Title: Chief Financial Officer (CFO)

Job Description:

The CFO will be responsible for overseeing the financial operations of the company, guiding its financial strategy, planning, and maintaining its fiscal stability. They will collaborate with the executive management team to establish long-range goals, strategies, plans, and policies.

Key Responsibilities:

  1. Financial Management: Manage the company's financial operations, including budgeting, forecasting, and auditing. Ensure that the financial transactions, policies, and procedures meet the organization's short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards.

  2. Strategic Planning: Develop and implement the financial strategy of the company. This includes long-term financial planning and forecasting, risk management, and investment strategies.

  3. Financial Reporting: Oversee the preparation and communication of monthly and annual financial statements. Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders.

  4. Compliance: Ensure legal and regulatory compliance regarding all financial functions. This includes tax planning and compliance with local, state, and federal tax regulations.

  5. Leadership: Direct the Finance and accounting team and ensure their ongoing professional development and training. Participate in key decisions as a member of the executive management team.


  1. Bachelor's degree in Accounting, Finance or related field (MBA preferred).
  2. Professional accreditation (e.g., CPA, CFA).
  3. Extensive experience in senior financial managerial roles, with a proven track record of success.
  4. Excellent knowledge of data analysis, risk management, and forecasting methods.
  5. Proficient in the use of MS Office and financial management software.
  6. Strong leadership and organizational skills.
  7. Excellent communication and interpersonal skills.
  8. Strong ethical standards and high levels of integrity.

Please note that the specific requirements will vary based on your organization's needs. Also note that it can be very difficult to assess the character qualifications listed, which is why so many will reach out to our team.

Beyond having the job description, finding the right CFO can be a challenging process due to several factors:

  1. Complexity of the Role:
    The role of a CFO goes beyond simple finance and accounting; it requires a deep understanding of the business, strategic thinking, and leadership capabilities. A CFO must also have a solid grounding in risk management, regulatory compliance, and business planning. Finding a candidate who excels in all these areas can be challenging.

  2. Experience and Qualifications:
    The CFO role generally requires a high level of experience and professional qualifications. Candidates must have a strong track record in finance, often with specific industry experience, and most companies prefer candidates with advanced degrees or certifications such as an MBA or CPA.

  3. Cultural Fit:
    Beyond technical skills and experience, it's important to find a CFO who fits well with the company's culture and shares its values. The CFO is a key member of the executive team and needs to work well with other leaders, employees, and stakeholders. Assessing cultural fit can be a complex task.

  4. Vision and Strategy Alignment:
    The CFO needs to be able to contribute to and support the company's strategic goals. They should be capable of working with the CEO and the board to shape and implement the company's vision. Finding a CFO who aligns with the company's strategic vision can be difficult but is crucial for the company's success.

  5. High Demand for Top Candidates:
    There is significant competition for top-tier CFO candidates, particularly those with experience in rapidly growing sectors or specific industries. This high demand can make the recruitment process longer and more challenging.

  6. Expectations and Compensation:
    Aligning the expectations of the role, including workload, responsibility, and compensation, can also pose a challenge. The company must offer a competitive compensation package to attract and retain top talent.

Due to these challenges, many companies choose to work with an executive search firm such as CFO Selections when seeking to hire a CFO. We have an extensive network and for 20 years have sourced and assessed candidates for executive finance and accounting roles.

At this stage, you may need an interim or fractional CFO as well as assistance with sourcing a new CFO for your organization. If you need assistance with either, take a moment to contact Alex De Soto or Kevin Briscoe. They can provide a free consultation and new insights.

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Topics: CFO Responsibilities

Topics: CFO Responsibilities