CFO Job Description - Can Someone Share Basics Plus Optional Extras?

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CFO Job Description

Can someone please share  the main components of a solid CFO Job Description, plus optional extras that are sometimes included? Also, are there free resources with examples of CFO job decsription by industry?

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From the applicant's point of view, here's a very helpful webinar video titled,

"Career Advancement Skills:"

http://www.proformative.com/resources/career-advancement-skills-webinar

Proformative also has this interesting discussion about

"CFO Interview Questions:"

http://www.proformative.com/questions/best-cfo-interview-questions-and-answers

You might also want to take a look at Proformative's free

"Career Resources Guide:"

http://www.proformative.com/resources/career-resources-guide

Enjoy!

Best... Sarah

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The CFO job description is one of my favorite Position specs. Its pretty comprehensive.

The CFO will play a key role in developing, monitoring and evaluating overall corporate strategy with the CEO and leaders of the two business units with emphasis on bottom line performance, working capital and enhancing shareholder value. This position will provide useful financial insights to help make better decisions about formulating and executing strategy.

The CFO will Interact effectively with other parts of the company; be viewed as a trusted business advisor by merchandisers, not just CEO. Critical outcomes include supporting the executive team with key financial information and operational analytics, and driving a culture of accountability in managing the business, adding value to operating businesses and voicing well-substantiated dissenting opinions.

Essential Duties and Responsibilities:

• Proactively manage cash flows in a leveraged environment
o Manage financial capital; communicate capital requirements/ implications of business decisions to CEO, merchandisers and BOD
o Conduct meaningful proactive analysis to improve key business decisions focusing on management of working capital
o Grow equity value – increase gross profit and reduce debt.
o Ensures efficient capital expenditures and minimizes taxes
• Define the financial strategy
o Provide useful financial insights to help make better decisions about formulating and executing business strategy
o Establish internal control processes required to manage and grow the business
o Anticipate and correct problems in advance
o Drive the annual budget process and the monthly reporting

• Manage and lead IT organization creating an IT competitive advantage for the business
o Manage all aspects of IT including strategy, architecture, operations, security and support
o Establish continuous improvement directives focused on using IT as a competitive advantage

• Effectively lead the finance / accounting team by hiring and retaining top-grade talent.
o Develop and coach existing team
o Proactively replace underperformers as needed

• Develop and implement a risk management policy
o Ensure controls are in place to manage commodity positions and trading
o Develop processes and disciplines around monitoring and assessing risk in positions
o Expand financial reporting systems to determine daily and weekly gross profit estimates

• Drive effective internal and external communication interactions
o Effectively manage sponsor, bank, board of director and financial advisor relationships
o Manage the fiduciary responsibility of the CFO

• Lead financial aspects of potential M&A activity
o Lead the financial evaluation of mergers and acquisition candidates
o Structure, negotiate, and finalize purchase agreements
o Lead systems integration efforts

Required Qualifications

We seek an outstanding candidate with demonstrated leadership experience and a professional track record of exceptional performance in key executive financial positions. Competencies should include:

• Leadership Competencies
o Ability to hires “A” players, continuously develops employees and coach for performance and removes underperformers
o Recognized for treating people with respect
o Demonstrates efficiency of execution. Flexibility and adaptability
o Creates network of talented people

Required Qualifications (continued)

• Personal Competencies
o Integrity/honesty
o Organization and planning
o Calm under pressure
o Aggressive
o Moves quickly and effectively
o Follows through on commitments
• Intellectual Competencies
o Brainpower / learns quickly
o Analysis skills
o Strategic thinking/visioning
o Creative/innovative
o Attention to detail
• Motivational Competencies
o Enthusiasm/ability to motivate others
o Persistent
o Proactive / takes initiative
o Work ethic
o Sets high standards
• Interpersonal Competencies
o Listening skills
o Open to criticism and others’ ideas
o Written communications
o Oral communication
o Teamwork
o Persuasion
o Holds people accountable

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Rich -

I like this because it doesn't assume a degree or certification is a panacea; it states what a candidate needs to succeed.

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Great CFO job description - Thanks!

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I think I got these from a presentation on this site--yes, from the SAP CFO (Latin America?) Anyway--I printed and keep handy. Not so much from a job description--but ways finance can run more effectively. Might help in crafting a JD.

1. Ensure regulatory compliance and effective risk management - embedded risk management and controls from transactional processing to financial reporting
2. Outperform financial objectives and create sustainable value - embed a 360 degree view of enterprise performance with agile budgeting and actionable profitability reporting
3. Deliver superior service at reduced cost - streamline financial functions and provide self-service reporting and analysis

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