The CFO, or Chief Financial Officer, is ultimately responsible for the accuracy, completeness, and timeliness of the organization’s financial reporting. The CFO helps establish and direct the organization’s financial goals and objectives, its budget, and the Financial Plan. The CFO has primary responsibility for ensuring that internal controls are in place, enforced, and reviewed periodically for conformance to accounting and financial standards and applicable regulations.
Reports directly to the Chief Executive Officer and the organization’s Board of Directors.
The CFO-Chief Financial Officer Job Description is mentioned in the following procedures:
Procedure ID and Name
Policies & Procedures Manual
|AC1000 Sarbanes-Oxley Compliance||Finance|
|AC1010 SSAE 16 Compliance||Finance|
|AC1030 Risk Management||Finance|
|AC1040 External Auditing||Finance|
|AC1050 Internal Auditing||Finance|
|CMP101 Workplace Safety||HR|
|CSH104 Wire Transfers||Accounting|
|CSH105 Check Signing Authority||Accounting|
|CSH107 Bank Account Reconciliations||Accounting|
|DEV101 Development Management||HR|
|FA1000 Financial Objectives||Finance|
|FA1010 Management Responsibility||Finance|
|FA1020 Continuity Planning||Finance|
|FA1050 Annual Stockholders’ Meetings||Finance|
|FS1000 Financial Forecasting||Finance|
|FS1010 Financial Reporting||Finance|
|FS1020 Financial Statement Analysis||Finance|
|FS1030 Financial Management Review||Finance|
|FS1040 Financial Restatements||Finance|
|FS1050 Financial Information Release||Finance|
|G&A105 Period-End Review & Closing||Accounting|
|G&A109 Release of Confidential Information||Accounting|
|PUR106 Accounts Payable and Cash Disbursement||Accounting|
|RC1010 Capital Plan||Finance|
|RC1030 Bank Loans||Finance|
|RC1040 Stock Offerings||Finance|
|RC1050 Debt & Investment||Finance|
|RC1060 Asset Acquisition||Finance|
|REV102 Point-Of-Sale Orders||Accounting|
|TM1000 Working Capital||Finance|
|TM1010 Cash Management||Finance|
|TM1020 Inventory Management||Finance|
|TM1030 Related Party Transactions||Finance|
|TM1040 Foreign Exchange Management||Finance|
|TM1050 Managing Bank Relationships||Finance|
|TM1060 Merchant Accounts||Finance|
|TM1070 Letters of Credit||Finance|
Must have 10+ years of experience as a financial executive and leader with industry experience. Must be a visionary and creative person with sound judgment and technical skills, analytical ability, and ability to focus and prioritize multiple – and sometimes competing – projects. High moral and ethical standards are required.
Must be well organized and efficient, decisive, intelligent, and able to articulate well; must possess outstanding communication skills and the ability to work well with people. Should be an outstanding educator, counselor, and mentor and a skilled negotiator.
A bachelor’s degree in accounting, finance, business administration, economics, or other suitable field of study is required; a master’s degree in finance, accounting, or business administration is preferred. Must be a Certified Public Accountant (Chartered Accountant).
Ability to communicate orally with customers, vendors, management, and other co-workers is crucial. Regular use of the telephone and e-mail for communication is essential. Sitting for extended periods is common. Hearing and vision within normal ranges is essential for normal conversations, to receive ordinary information and to prepare or inspect documents.
Activities require the ability to remain in a stationary position 50% of the time, occasionally move about inside the office to access files or office equipment, operate a computer and other office productivity machinery, such as a calculator, hand held devices, copy machine, and computer printer, and operate and monitor various medical equipment. Must be able to constantly position self to maintain equipment, including under tables and desks.
No heavy lifting is expected. Exertion of up to 10 lbs. of force occasionally may be required. Good manual dexterity for the use of common office equipment such as computer terminals, calculator, copiers, and FAX machines.
The job is performed indoors in a traditional office setting. Activities include extended periods of sitting and extensive work at a computer and phone.
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