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Apr 1, 2024 · The CFO’s job has two core dimensions: overseeing the finance function and ensuring the high performance of the organization as a whole. Financial professionals who hope to become CFOs thus need to have a view of how they would realize both parts of their mandate.
Nov 29, 2023 · The CFO helps with shaping portfolio strategies, undertaking major investment and financing decisions, and communicating with key stakeholders—all while leading a multitalented and technologically savvy finance team.
May 1, 2024 · Former finance leaders offer their advice and best practices on what can take a CFO from good to great in the middle years of their tenure.
Jun 2, 2024 · Learn the ins and outs of what it means to be a Chief Financial Officer. Understand key CFO job responsibilities, skills, and impact.
- Being A Chief Financial Officer
- Pros
- Cons
- Conclusion
Being a CFO requires vast knowledge about the different financial actions of a company, such as financial planningand managing financial risks. Aside from this, a CFO is the senior financial manager responsible for reporting to the company’s highest management that usually includes the CEO. In particular, a CFO is a corporate executive job that ent...
Higher Salary Rate
One of the major advantages of being a CFO involves a higher salary rate and stock options. After all the hardships and struggles that you’ll face as a CFO, nothing can ever be more comforting than the fact that all your hard work will eventually pay off. Annually, the average salary of a CFO can be as much as USD$130,000. Not to mention an amount of around USD$20,000 in bonuses, an additional amount of around USD$9,000 in profit sharing, and other substantial incentive compensation. Aside fr...
Prestige and Respect
As the company’s lead financial manager, you’re responsible for maintaining balance in the financial aspects of your company. You’re also expected to lead your company to progress and development. As an instrument to making more money, you can promote growth in your company. In the process of achieving your goals, your colleagues can also see everything that you do and appreciate them. Aside from monetary gain, exemplary performance also equates to prestige and respect from your colleagues. T...
Power
The saying that greater power comes with greater responsibility is highly applicable to this job. While many people may find it a little bit stressful, one can’t deny the fact that it can also offer a great sense of power and autonomyin everything that you want to do which you may not be able to do in any other job. This job may give you the power to make things happen and pursue your vision in ways that other people can’t. Also, you can effectively identify and pursue growth opportunities fo...
More Responsibility
Working for long hours is one of the downsides of being a CFO. As the senior financial manager, you have to ensure the quality of work of departments under your supervision. You may also experience the enormity of your responsibility to oversee the financial aspects of your company.
Accountability in Any Failure
As the CFO, you’re expected to keep the financial health of your company. However, there are times when you’ll encounter failure, and you’ll be held accountable for these occurrences.
Being a CFO requires a great sense of commitment to achieve your company’s goals. Like all other executive positions, a CFO is expected to lead the company to its progress. Aside from your responsibilities, you’re also given the chance to experience certain advantages, such as a higher salary rate, prestige, respect from your colleagues, and power ...
What Makes a Great CFO? Great CFOs encourage behaviors required to drive profitable growth and deliver on their CEO’s expectations for financial performance. Here’s where to focus.
People also ask
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In brief. Why is investing in the CFO critical? What can CEOs and CHROs do to invest in the role? T he chief financial officer (CFO) role can be regarded as the pinnacle of a successful finance leader’s career.
