Chief Financial Officer Denver
Alternate Title: CFO, Chief Operating Officer, Treasurer, Vice President of Finance
The Chief Financial Officer is the top financial officer of an organization, usually a public corporation. They direct all accounting and financial functions, preparation of financial and fiscal reports, and investment activities. They formulate, through subordinate officers, financial plans, policies, and relations with key outside organizations, including lending institutions, shareholders, and the financial community. The CFO is normally a senior officer, reporting directly to the president, chief operating officer, or chief executive officer.
In carrying out their duties, the CFO’s function is principally as the financial architect of their organization. He or she works closely with senior executives to provide financial support for the achieving strategic goals. The CFO directs the financial activities of the accounting group, ensuring the integrity of financial data, providing timely and accurate analysis and management reports, and ensuring adequate accounting controls.
As a high-level executive the CFO must know how to delegate responsibility to subordinates, allowing trusted managers to take charge of various accounting, treasury reporting, and other functions. The CFO must be able to present budget and planning proposals to the CEO (chief executive officer), the highest corporate executive, or to the board of directors.
Strategic planning and visionary skills are becoming more important in what is becoming a global economy. Corporations are starting to run their business activities with an integrated or enterprise-wide approach to management, examining the cumulative impact of various business functions on corporate earnings, market share, and so on. Increasingly, it is the CFO’s responsibility to bring together the corporate treasurer, controller, risk manager, and other senior officers, to try to develop creative solutions to business problems.
In recent years, the skill requirements of CFOs have stiffened up; employers want people who can help develop strategy and function as a business partner to the CEO in addition to performing their financial duties. Strong communication and interpersonal skills are important for CFOs, as are financial expertise and a strong sense of personal integrity and professional ethics.
Education, Experience, & Certifications
- Bachelor’s degree in accounting or finance
- MBA often preferred
- Certified Public Accountant (CPA) designation strongly preferred
- Big 4 experience may be required
- 4-10 years or more experience in corporate finance with increasing levels of responsibility
- Visionary or strategic thinking; strong leadership skills; ability to delegate responsibility
- Strong written, presentation, and interpersonal communication skills