1. What is the average salary of a Chief Financial Officer?
The average annual salary of Chief Financial Officer is $397,887.
In case you are finding an easy salary calculator,
the average hourly pay of Chief Financial Officer is $191;
the average weekly pay of Chief Financial Officer is $7,652;
the average monthly pay of Chief Financial Officer is $33,157.
2. Where can a Chief Financial Officer earn the most?
A Chief Financial Officer's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Chief Financial Officer earns the most in San Jose, CA, where the annual salary of a Chief Financial Officer is $501,855.
3. What is the highest pay for Chief Financial Officer?
The highest pay for Chief Financial Officer is $500,816.
4. What is the lowest pay for Chief Financial Officer?
The lowest pay for Chief Financial Officer is $319,668.
5. What are the responsibilities of Chief Financial Officer?
Plans and leads an organization's financial operations, reporting, and governance to ensure financial health and support high-level strategic planning. Develops and drives the financial strategy, including capital allocation, funding initiatives, and resource management to support organizational goals. Collaborates with senior leaders to ensure financial controls, policies, and priorities are integrated across business operations. Oversees budgeting and forecasting to ensure resources and efforts align with the organization's mission. Researches and adopts emerging technologies, tools, and best practices to enhance reporting, forecasting, or operational efficiency. Negotiates and leads funding opportunities through debt, equity, and various financial instruments to support business operations, optimize cash flow, and manage risk. Requires a master's degree in accounting or finance. May require Certified Public Accountant (CPA). Typically reports to Chief Executive Officer (CEO). Top level or C level management. Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals.
6. What are the skills of Chief Financial Officer
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.)
General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.
3.)
Balance Sheet: Balance Sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, business partnership, corporation, private limited company or other organization such as government or not-for-profit entity.