FIND PERSONALIZED JOBS
Sign up to Zippia and discover your career options with your personalized career search.

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

FIND
PERSONALIZED JOBS

Become A Chief Finance Officer

Where do you want to work?

To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.

Working As A Chief Finance Officer

  • Making Decisions and Solving Problems
  • Getting Information
  • Analyzing Data or Information
  • Processing Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Deal with People

  • Mostly Sitting

  • Make Decisions

  • $125,500

    Average Salary

What Does A Chief Finance Officer Do

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

Show More

Show Less

How To Become A Chief Finance Officer

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

Show More

Show Less

Chief Finance Officer jobs

NO RESULTS

Aw snap, no jobs found.

Add To My Jobs

Average Length of Employment
Plant Controller 4.6 years
Chief Accountant 4.5 years
Finance Director 3.9 years
Finance Controller 3.8 years
Finance Manager 3.7 years
Group Controller 3.7 years
Accounting Officer 3.7 years
Budget Manager 3.6 years
Unit Controller 3.5 years
Finance Supervisor 3.5 years
Business Director 3.3 years
Finance Leader 3.1 years
Finance Executive 3.1 years
Reporting Manager 3.1 years
Finance Auditor 2.8 years
Finance Consultant 2.7 years
Interim Controller 1.3 years
Top Employers Before
Controller 18.0%
Accountant 3.4%
Manager 3.4%
Consultant 2.7%
Director 2.5%
Top Employers After
Controller 14.4%
Consultant 8.3%
President 4.8%
Owner 3.3%
Principal 3.2%
Director 2.6%

Chief Finance Officer Demographics

Gender

Male

59.8%

Female

37.5%

Unknown

2.8%
Ethnicity

White

80.8%

Hispanic or Latino

8.7%

Asian

7.9%

Unknown

1.7%

Black or African American

0.8%
Show More
Languages Spoken

Spanish

43.9%

French

13.2%

German

6.5%

Mandarin

5.7%

Chinese

5.2%

Portuguese

4.6%

Russian

3.5%

Italian

3.0%

Japanese

2.8%

Arabic

2.2%

Cantonese

2.1%

Korean

1.4%

Hindi

1.0%

Dutch

1.0%

Hebrew

0.8%

Greek

0.7%

Carrier

0.7%

Swedish

0.6%

Vietnamese

0.6%

Tagalog

0.6%
Show More

Chief Finance Officer Education

Schools

University of Phoenix

16.2%

New York University

7.1%

University of Chicago

5.3%

DePaul University

5.1%

University of Southern California

5.1%

University of Connecticut

4.7%

Michigan State University

4.7%

Pace University - New York

4.4%

Northeastern University

4.4%

University of Pennsylvania

4.3%

Brigham Young University

4.0%

Northwestern University

4.0%

Fairleigh Dickinson University

4.0%

University of Houston

4.0%

University of Utah

3.9%

Georgia State University

3.9%

Villanova University

3.8%

University of Texas at Austin

3.8%

Cornell University

3.8%

Northern Illinois University

3.5%
Show More
Majors

Accounting

34.0%

Business

31.9%

Finance

15.4%

Management

3.4%

Economics

1.9%

Marketing

1.5%

Law

1.3%

Psychology

1.2%

Education

1.1%

Health Care Administration

1.0%

Communication

1.0%

Political Science

0.9%

Computer Science

0.8%

Human Resources Management

0.8%

Taxation

0.7%

English

0.7%

Liberal Arts

0.7%

Real Estate

0.6%

Legal Research And Advanced Professional Studies

0.6%

Computer Information Systems

0.5%
Show More
Degrees

Bachelors

41.8%

Masters

36.5%

Other

12.9%

Associate

3.5%

Certificate

2.5%

Doctorate

2.2%

Diploma

0.4%

License

0.3%
Show More
Job type you want
Full Time
Part Time
Internship
Temporary

Real Chief Finance Officer Salaries

Job Title Company Location Start Date Salary
Chief Financial Officer Kraft Heinz Foods Company Northfield, IL Sep 21, 2015 $600,000
Chief Financial Officer 99 Cents Only Stores, LLC Commerce, CA Sep 04, 2015 $550,000
Chief Financial Officer Ciena Healthcare Management, Inc. Southfield, MI Feb 01, 2015 $525,000
Chief Financial Officer Ciena Healthcare Management, Inc. Southfield, MI Feb 01, 2016 $525,000
Chief Financial Officer Wandisco San Ramon, CA Mar 31, 2015 $480,000
Chief Financial Officer Swift Beef Company Greeley, CO Aug 10, 2015 $460,000
Chief Financial Officer John Hardy USA Inc. New York, NY Mar 23, 2016 $450,000
Chief Financial Officer John Hardy USA Inc. New York, NY Oct 21, 2015 $450,000
Chief Financial Officer QBE Americas, Inc. Miami, FL Sep 02, 2015 $400,000
CFO Atlas Venture Life Science Advisors, LLC Cambridge, MA Feb 09, 2016 $400,000
Chief Financial Officer One-Red, LLC. Sunnyvale, CA Jan 06, 2016 $375,312
Chief Financial Officer DDR Corp. Beachwood, OH Apr 01, 2015 $375,000
Chief Financial Officer DDR Corp Beachwood, OH Apr 01, 2015 $375,000
Chief Financial Officer Westguard Insurance Company New York, NY Jul 06, 2015 $369,000
CFO Rina Systems, LLC Cincinnati, OH Sep 22, 2015 $199,430
Chief Financial Officer Rina Systems, LLC Cincinnati, OH Jun 08, 2016 $199,430
Chief Financial Officer Interguard, Ltd. New York, NY Jul 27, 2015 $199,410 -
$380,000
Chief Financial Officer Carma Techology Corporation San Francisco, CA Sep 14, 2016 $195,000
Chief Financial Officer Carma Technology Corporation San Francisco, CA Sep 22, 2016 $195,000
Chief Financial Officer Carma Techology Corporation San Francisco, CA Sep 22, 2016 $195,000
Chief Financial Officer Sweet Green Fields USA LLC Bellingham, WA Apr 01, 2016 $191,859 -
$250,000
Chief Financial Officer Max Mara USA, Inc. New York, NY Jul 21, 2016 $190,000
Chief Financial Officer Allied Digital Services, LLC Torrance, CA Dec 14, 2015 $148,000 -
$170,000
Chief Financial Officer Bridgeinvest, LLC Miami, FL Jul 24, 2015 $145,850
Chief Financial Officer Moscot Wholesale Corp. New York, NY Apr 30, 2015 $145,101
Chief Financial Officer Bodum USA, Inc. New York, NY Sep 12, 2015 $145,101 -
$180,000
Chief Financial Officer Love Grace Inc. Islandia, NY Jun 11, 2015 $145,101
Chief Financial Officer Colfax Oncology LLC Clifton, NJ Feb 16, 2016 $145,101
Chief Financial Officer Maxtena Inc. Rockville, MD Jan 08, 2016 $145,000 -
$175,000

No Results

To get more results, try adjusting your search by changing your filters.

Show More

Top Skills for A Chief Finance Officer

MonthlyFinancialStatementsPayrollEnsureComplianceAnnualAuditPrivateEquityAnnualRevenuesRiskManagementDueDiligenceOversightERPHumanResourcesGeneralLedgerInternalControlsBusinessPlanRealEstateFinancialReportsAnnualBudgetInformationTechnologyAdditionalGaap

Show More

Top Chief Finance Officer Skills

  1. Monthly Financial Statements
  2. Payroll
  3. Ensure Compliance
You can check out examples of real life uses of top skills on resumes here:
  • Prepare monthly financial statements for review by partners as well as quarterly statements for banks.
  • Managed corporate finances including billing, payroll, accounts receivable/payable.
  • Communicated the Plan to employees and worked with banks, auditors and consultants to ensure compliance with Plan requirements.
  • Worked extensively with annual audit and cost report preparation.
  • Provided monthly operations updates to lenders and private equity partners.

Top Chief Finance Officer Employers

Chief Finance Officer Videos

DNA of a CFO | Career Advice from CFOs Aecon, Canadian Tire, Molson-Coors and Walmart

Inside Google’s New CFO’s $70M Pay Package

3 Things Role of the CFO YouTube

×