Docstoc

CFO

Document Sample
CFO Powered By Docstoc
					                                                  2007
Software Proposal

                    Enterprise IT Solutions




                                              ASHNA Samane       This document addressed CFO descriptions in Samane. It
No.49| Vatani Rd|Kavousifar Str| Beheshti                        describes the roles and its responsibilities and….
                                      Ste
                                              0098 21 88752544
                                              0098 21 88752544




       Job Description
                   CFO Job
                  Descriptions




Job Description
                                                         Table of Contents


1                CFO (Chief Financial Officer) ...................................................................................... 4
     Job summary ................................................................................................................................... 4
     Job duties ........................................................................................................................................ 4
     Roles and responsibilities ............................................................................................................... 5
     Professional skills ............................................................................................................................ 5
2                References ..................................................................................................................... 6




Job Description
1    CFO (Chief Financial Officer)

Job summary
The CFO of a company or public agency is the corporate officer primarily responsible for managing the
financial risks of the business or agency. This officer is also responsible for financial planning and record-
keeping, as well as financial reporting to higher management. [1]
In general responsible for all financial and fiscal management aspects of company operations. Provide
leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the
company. [2]

Job duties

    1. Create, coordinate, and evaluate the financial programs and supporting information systems of the
        company to include budgeting, tax planning, real estate, and conservation of assets.
    2. Approve and coordinate changes and improvements in automated financial and management
        information systems for the company.
    3. Ensure compliance with local, state, and federal budgetary reporting requirements.
    4. Oversee the approval and processing of revenue, expenditure, and position control documents,
        department budgets, mass salary updates, ledger, and account maintenance and data entry.
    5. Coordinate the preparation of financial statements, financial reports, special analyses, and
        information reports.
    6. Develop and implement finance, accounting, billing, and auditing procedures.
    7. Establish and maintain appropriate internal control safeguards.
    8. Interact with other managers to provide consultative support to planning initiatives through financial
        and management information analyses, reports, and recommendations.
    9. Ensure records systems are maintained in accordance with generally accepted auditing standards.
    10. Develop and direct the implementation of strategic business and/or operational plans, projects,
        programs, and systems.
    11. Assist in obtaining the necessary licenses and insurance required to start a business.
    12. Analyze cash flow, cost controls, and expenses to guide business leaders. Analyze financial
        statements to pinpoint potential weak areas.
    13. Establish and implement short- and long-range departmental goals, objectives, policies, and
        operating procedures.
    14. Serve on planning and policy-making committees.
    15. Oversee financial management of foreign operations to include developing financial and budget
        policies and procedures.
Job Description
   16. Represent the company externally to media, government agencies, funding agencies, and the general
       public.
   17. Recruit, train, supervise, and evaluate department staff. [3]


Roles and responsibilities
   1. Value creators
       Call Transparent Financial Reporting, it aligns the company's internal management reporting system
       closely with shareholders' returns.

   2. Evolving risks
       Risk management is looming ever larger on most companies' - and most CFOs' - agendas.

   3. Raising the bar
       good Chief Financial Officers seem to have an innate ability to understand what makes each business
       in the portfolio tick. In addition, the CFO's traditional responsibilities in accounting and compliance
       give a tremendous amount of independence and objectivity to the position. [4]

Professional skills

   1. Experience in strategic planning and execution. Knowledge of contracting, negotiating, and change
       management. Knowledge of finance, accounting, budgeting, and cost control principles including
       Generally Accepted Accounting Principles. Knowledge of automated financial and accounting
       reporting systems. Knowledge of federal and state financial regulations. Ability to analyze financial
       data and prepare financial reports, statements, and projections.
   2. Work requires professional written and verbal communication and interpersonal skills. Ability to
       motivate teams to produce quality materials within tight timeframes and simultaneously manage
       several projects. Ability to participate in and facilitate group meetings.
   3. This is normally acquired through a combination of the completion of a Masters Degree in Finance or
       Accounting, ten years of experience in senior-level finance or accounting position, and a CPA.
   4. Work requires willingness to work a flexible schedule. [5]




Job Description
2 References


[1] http://encyclopedia.tfd.com/Chief+Financial+officer


[2], [3], [5] www.hrvillage.com/hrjobdesc/docs/CFO.doc


[4] http://www.ameinfo.com/60697.html




Job Description

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:109
posted:8/11/2011
language:English
pages:6