A Chief Financial Officer (CFO) is responsible for managing and reporting on the cash flow of the business as well as financial planning for the future. The duties and responsibilities of a CFO rely heavily on the size of the company and industry, but in general, they are in charge of preparing the company’s annual budget, creating and implementing financial policies, providing financial advice to the CEO, providing reports to investors, working closely with the CFO of other companies in their industry, and overseeing new acquisitions.
The CFO is responsible for overseeing the finance, accounting and legal departments of the company. The CFO also focuses on securing a strong financial performance from all company functions, including sales, marketing and customer service. In order to accomplish this, they partner with the right suppliers to do it.
A good Chief Financial Officer (CFO) has a strong strategic mindset, foresight to think about the big picture, a strong understanding of the business and its sector, excellent communication, and a strong sense of honesty and integrity.