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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.

Latest Chief Financial Officer jobs on SEEK

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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 Business

This degree will help to build a foundation in business studies. There may also be the option to specialise in one or more fields of business.
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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 Economics

This qualification develops knowledge of business, markets, trade and government to prepare for roles as an Advisor or Economist.

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Job market trends for Chief Financial Officers
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Job opportunities

Chief Financial Officer jobs on SEEK
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Jobs on SEEK right now
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Source: SEEK job ads and SEEK Role Reviews

Latest Chief Financial Officer reviews

Latest reviews from 19 Chief Financial Officers surveyed on SEEK
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Positive
Negative
May 2021
CFO is a mentally demanding role but assisting in ensuring a company is successful is extremely rewarding.
Reviewer's Qualification
Bachelor of Finance
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Finance
The good things
Being a Chief Financial Officer can be extremely rewarding as you have the ability to influence and improve both the results of a company but also the security of all employees who work for the busine...
The challenges
Some industries are very protected by government actions i.e. Timber/construction industry and the ability to change poor culture or to assist the business to grow, develop and improve processes can b...
Read more
May 2021
The CFO role comes with many challenges but when you complete a challenge it is a very rewarding career.
Reviewer's Qualification
Master of Commerce
Experience
10+ years
Organisation size
Medium (20-199 employees)
Specialisation
Finance and HR
The good things
The CFO role covers the breadth of a business. Every aspect of business has a financial impact and the CFO is regularly sought out to provide guidance and leadership for all areas of the business.
The challenges
Being a CFO is more than just being the Finance person in the business so you need to have a skill set that is adaptable across finance, HR, legal and problem solving. You tend to find people are alwa...
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Source: SEEK Role Reviews