Chief Finance Officer

Chief Finance Officers manage and coordinate the overall financial and accounting operations within companies and organisations. They should have excellent management skills and extensive experience with creating and managing budgets and financial resources.

 

Duties and tasks

  • Develop and provide financial reports on status of organisations and provide recommendations for business strategies, modifications and funding requirements based on income statements, balance sheets, etc.
  • Develop long-term profit projections, budgets and financial position
  • Develop, monitor and evaluate financial strategies for the organisation including comprehensive budgeting and accounting, and policies for practices
  • Evaluate and authorise operational project budgets and financial proposals
  • Implement policies and procedures for accounting methods and monitor activities
  • Provide ongoing analysis of funding source reliability, investment strategies and financial allocations
  • Research relevant legislation and regulations pertaining to financial practices and ensure activities are in compliance

Skills required

  • Accounting and Financial Skills
  • Analytical Skills
  • Critical Thinking
  • Leadership Abilities
  • Organisational and Coordination Skills

Working conditions

Chief Finance Officers typically work regular Monday to Friday hours, but may be required to work evenings or weekends to meet deadlines, review projects and liaise with stakeholders. They typically work in an indoor office setting with computer and database systems and office supplies but must travel to attend important meetings with boards, external resources and stakeholders.

Professional associations / Industry information

Australian Institute of Management 
http://www.aim.com.au/

Australian Securities and Investments Commission 
http://www.asic.gov.au/

CPA Australia 
http://www.cpaaustralia.com.au/

Institute of Public Accountants 
http://www.publicaccountants.org.au/

The Institute of Chartered Accountants in Australia 
http://www.charteredaccountants.com.au/

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