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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.

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?

All
NSW
VIC
WA
QLD
TAS
SA
NT
ACT
The most common salary for a Chief Financial Officer is greater than $200k
Source: SEEK job ads

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 qualifications

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NSW
VIC
WA
QLD
TAS
SA
NT
ACT
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How do Chief Financial Officers rate their role?

Latest reviews from 2 Chief Financial Officers surveyed on SEEK

Work-life balance
5.0
Job satisfaction
4.0
Career progression opportunities
4.5
Job security
3.5
Pay / Salary
3.5
Variety of work
5.0

Latest reviews

All
Positive
Negative
Nov 2018
Reviewer's Qualification
Institute of Chartered Accountants England and Wales
Experience
1 – 4 years
Organisation size
Large (200+ employees)
Specialisation
Financial Growth
The good things
Being and chief financial officer allows you to lead the finance team and direct the company strategically. This is a fantastic and rewarding position, and success is dependent on your investment and ...
The challenges
You need to be fully aware of the market, changes in accounting standards. You need information and knowledge to lead the team effectively. You also need to adapt your leadership style to the situatio...
Nov 2018
Reviewer's Qualification
Master of Business Administration
Experience
1 – 4 years
Organisation size
Small (1-19 employees)
Specialisation
Finance and Economics
The good things
CFO role in a small private company is rewarding given the breadth of work required across finance, tax, marketing, economic modelling, funding and compliance.
The challenges
CFO role needs to consider potential conflicts between the representation of accounts per accounting standards and the desire of Directors to show a positive valuation and representation of the financ...
Source: SEEK Role Reviews

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