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Chief Financial Officer

Take responsibility for the whole of company finance and accounting functions.

What's it like to be a Chief Financial Officer?

A Chief Financial Officer (CFO) is one of the highest-ranking executives in a company, and reports directly to the Chief Executive Officer (CEO). Although the role of the CFO will differ from organisation to organisation, their main responsibility is to manage the company’s finances, including profit and loss reporting, budget allocation, financial forecasting and financial risk management.

Chief Financial Officer

Tasks and duties

  • Financial planning.
  • Managing the finance and accounting team.
  • Providing the executive leadership with expert financial advice and proposing new financial strategies.
  • Producing the company’s financial reports including profit and loss statements and balance sheets.
  • Managing financial forecasting and allocating budgets.
  • Approving business cases.
  • Monitoring cashflow.
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CFOs tend to have strong leadership skills, as well as sound judgement and a proven track record of success over time in the area of financial management.

A CFO must possess strong interpersonal and communication skills, both verbally and written and must be able to engage with staff at all levels of an organisation. In publicly listed companies the CFO is often required to represent the company at investor relations meetings.

What can I earn as a Chief Financial Officer?

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The most common annual salary in AUS for a Chief Financial Officer is between $200k and $210k
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Source: SEEK job ads. Salaries include superannuation.

How to become a Chief Financial Officer


SEEK Learning
There is no single pathway to becoming a Chief Financial Officer. CFOs typically have a strong educational background with a high level of leadership experience in business, accounting and financial management.

  1. Complete a bachelor degree in accounting, finance, business or economics.
  2. Complete a Certified Public Accountant (CPA) examination or a Master of Business Administration (MBA).
  3. Gain extensive work experience in a leadership capacity in the financial area of a company. In small and medium companies, you may become a CFO with 10 years of experience, where as in larger companies it can take much longer.

Explore related qualifications

SEEK users who have worked as a Chief Financial Officer have studied these qualifications.

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Bachelor of Commerce

This degree prepares you for a range of roles in the accounting, economics, finance and business industries, depending on the specialisation chosen.
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Master of Business Administration

This master degree will give you the crucial skills and knowledge needed to be a business leader.
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Bachelor of Accounting

This degree will prepare you for employment in a range of professional roles in the Accounting industry.
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Source: SEEK job ads and SEEK Profile data

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How do Chief Financial Officers rate their role?

Latest reviews from 4 Chief Financial Officers surveyed on SEEK

Work-life balance
4.5
Job satisfaction
4.0
Career progression opportunities
4.0
Job security
3.8
Pay / Salary
3.8
Variety of work
5.0

Latest reviews

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Positive
Negative
Aug 2019
CFO done right can be extremely rewarding and have nothing to do with the money
Reviewer's Qualification
Bachelor of Business
Experience
1 – 4 years
Organisation size
Medium (20-199 employees)
Specialisation
Management Accounting
The good things
As a CFO we assist managers make good business decisions. Working in the NFP area, community services, this can be really rewarding as you can see how services can be influenced by the decisions made....
The challenges
I always say that if you are a marketing specialist, or people & culture specialist you just say your opinion about something and people agree with you, like because you are a specialist everything yo...
Read more
Nov 2018
CFO is a tough job. Has a lot of legal responsibilities. However if you are successful you will enjoy this role
Reviewer's Qualification
Cpa
Experience
5 – 9 years
Organisation size
Medium (20-199 employees)
Specialisation
Forecast budgets management accounting
The good things
It is never boring You are in the position in the company to make critical decisions and work with various stakeholders. You will deal with lots of external people who have so much experience and kn...
The challenges
Your decision has to be fairly accurate. Your department is the source of truth and information must be on time. You have to ensure that the company is solvent and there is sufficient cash to run th...
Read more
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Source: SEEK Role Reviews

What are the job opportunities for Chief Financial Officers?

Find out how the job market is trending

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Job opportunities

Chief Financial Officer jobs on SEEK
900
Jobs on SEEK right now
Source: SEEK

Projected job growthAlert

National increase over next 5 years *
0.6%
2019
2024
Source: LMIP. Chief Executives, General Managers and Legislators

Latest Chief Financial Officer jobs on SEEK

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Source: SEEK job ads

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