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Summary Job Description | Tasks | |||
Direct financial activities, such as planning, procurement, and investments for all or part of an organization. | Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns. | |||
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Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies. | ||||
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Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties. | ||||
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Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments. | ||||
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Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards. | ||||
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Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes. | ||||
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Receive, record, and authorize requests for disbursements in accordance with company policies and procedures. | ||||
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Monitor financial activities and details such as reserve levels to ensure that all legal and regulatory requirements are met. | ||||
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Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals. | ||||
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Develop and maintain relationships with banking, insurance, and nonorganizational accounting personnel to facilitate financial activities. | ||||
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Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization. | ||||
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Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting. | ||||
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Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed. | ||||
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Advise management on short-term and long-term financial objectives, policies, and actions. | ||||
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Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources. | ||||
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Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations. | ||||
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Lead staff training and development in budgeting and financial management areas. | ||||
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Receive cash and checks and make deposits. | ||||
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Compute, withhold, and account for all payroll deductions. | ||||
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Perform tax planning work. | ||||
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Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items. | ||||
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CompGeo Salary Survey Benchmark Job Summary and Competencies
Chief Financial Officer
The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.- Job Description
- Knowledges
- Skills
- Abilites
- Tools and Technology
- Education and Experience
- Alternate Job Titles
- Salaries
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Important Knowledge Competencies | Competency Description | |||
English Language | Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. | |||
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Economics and Accounting | Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. | |||
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Administration and Management | Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources. | |||
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Mathematics | Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. | |||
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Personnel and Human Resources | Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems. | |||
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Law and Government | Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. | |||
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Customer and Personal Service | Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction. | |||
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Education and Training | Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects. | |||
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Clerical | Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology. | |||
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Important Skill Competencies | Competency Description | |||
Critical Thinking | Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. | |||
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Complex Problem Solving | Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. | |||
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Reading Comprehension | Understanding written sentences and paragraphs in work related documents. | |||
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Active Listening | Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. | |||
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Writing | Communicating effectively in writing as appropriate for the needs of the audience. | |||
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Speaking | Talking to others to convey information effectively. | |||
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Judgment and Decision Making | Considering the relative costs and benefits of potential actions to choose the most appropriate one. | |||
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Active Learning | Understanding the implications of new information for both current and future problem-solving and decision-making. | |||
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Coordination | Adjusting actions in relation to others' actions. | |||
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Time Management | Managing one's own time and the time of others. | |||
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Management of Financial Resources | Determining how money will be spent to get the work done, and accounting for these expenditures. | |||
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Mathematics | Using mathematics to solve problems. | |||
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Monitoring | Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action. | |||
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Social Perceptiveness | Being aware of others' reactions and understanding why they react as they do. | |||
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Operations Analysis | Analyzing needs and product requirements to create a design. | |||
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Systems Evaluation | Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system. | |||
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Management of Personnel Resources | Motivating, developing, and directing people as they work, identifying the best people for the job. | |||
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Learning Strategies | Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things. | |||
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Systems Analysis | Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes. | |||
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Persuasion | Persuading others to change their minds or behavior. | |||
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Negotiation | Bringing others together and trying to reconcile differences. | |||
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Instructing | Teaching others how to do something. | |||
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Service Orientation | Actively looking for ways to help people. | |||
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Management of Material Resources | Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work. | |||
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Important Ability Competencies | Competency Description | |||
Oral Expression | The ability to communicate information and ideas in speaking so others will understand. | |||
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Oral Comprehension | The ability to listen to and understand information and ideas presented through spoken words and sentences. | |||
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Written Comprehension | The ability to read and understand information and ideas presented in writing. | |||
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Problem Sensitivity | The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. | |||
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Deductive Reasoning | The ability to apply general rules to specific problems to produce answers that make sense. | |||
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Speech Clarity | The ability to speak clearly so others can understand you. | |||
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Near Vision | The ability to see details at close range (within a few feet of the observer). | |||
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Speech Recognition | The ability to identify and understand the speech of another person. | |||
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Written Expression | The ability to communicate information and ideas in writing so others will understand. | |||
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Inductive Reasoning | The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). | |||
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Information Ordering | The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). | |||
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Category Flexibility | The ability to generate or use different sets of rules for combining or grouping things in different ways. | |||
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Mathematical Reasoning | The ability to choose the right mathematical methods or formulas to solve a problem. | |||
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Number Facility | The ability to add, subtract, multiply, or divide quickly and correctly. | |||
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Perceptual Speed | The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object. | |||
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Selective Attention | The ability to concentrate on a task over a period of time without being distracted. | |||
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Finger Dexterity | The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects. | |||
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Fluency of Ideas | The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity). | |||
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Originality | The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem. | |||
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Speed of Closure | The ability to quickly make sense of, combine, and organize information into meaningful patterns. | |||
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Flexibility of Closure | The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material. | |||
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Time Sharing | The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources). | |||
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Far Vision | The ability to see details at a distance. | |||
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Memorization | The ability to remember information such as words, numbers, pictures, and procedures. | |||
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Tools/Technology Example | Product Category | |||
ADERANT Expert Back Office, Powered by Keystone | Enterprise resource planning ERP software | |||
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Accounting software | Accounting software | |||
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Automatic Data Processing EasyPay software | Accounting software | |||
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Automatic Data Processing PC payroll for windows PCPW | Human resources software | |||
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Corel QuattroPro | Spreadsheet software | |||
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Database software | Data base user interface and query software | |||
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Deltek software | Enterprise resource planning ERP software | |||
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Enterprise resource planning ERP software | Enterprise resource planning ERP software | |||
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Exact Software Macola ES | Enterprise resource planning ERP software | |||
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FRx Software | Financial analysis software | |||
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Hyperion Enterprise | Accounting software | |||
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Hyperion Pillar software | Financial analysis software | |||
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Hyperion Solutions System 9 Planning | Enterprise resource planning ERP software | |||
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IBM Lotus 1-2-3 | Spreadsheet software | |||
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Intuit QuickBooks software | Accounting software | |||
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Job costing software | Accounting software | |||
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MYOB Premier Accounting Small Business Suite | Accounting software | |||
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Microsoft Access | Data base user interface and query software | |||
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Microsoft Excel | Spreadsheet software | |||
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Microsoft Great Plains Dynamics software | Enterprise resource planning ERP software | |||
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Microsoft Great Plains software | Enterprise resource planning ERP software | |||
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Microsoft Office software | Office suite software | |||
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Microsoft Outlook | Electronic mail software | |||
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Microsoft PowerPoint | Presentation software | |||
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Microsoft Word | Word processing software | |||
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Oracle Financials | Financial analysis software | |||
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Oracle JD Edwards OneWorld | Enterprise resource planning ERP software | |||
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Oracle PeopleSoft | Enterprise resource planning ERP software | |||
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Oracle software | Data base user interface and query software | |||
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SAP software | Enterprise resource planning ERP software | |||
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Sage Fixed Asset Solution FAS | Accounting software | |||
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Sage MIP Fund Accounting | Accounting software | |||
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Sage Peachtree software | Accounting software | |||
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Solomon Software | Enterprise resource planning ERP software | |||
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Structured query language SQL | Data base user interface and query software | |||
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10-key calculators | Calculators or accessories | |||
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Desktop computers | Desktop computers | |||
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Notebook computers | Notebook computers | |||
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Personal computers | Personal computers | |||
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Personal digital assistants PDA | Personal digital assistant PDAs or organizers | |||
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Tablet computers | Tablet computers | |||
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Prerequisite Qualification Category | Education and Experience Level | |||
On-Site or In-Plant Training | None | |||
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Required Level of Education | Master's Degree | |||
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Related Work Experience | Over 10 years | |||
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On-the-Job Training | None or short demonstration | |||
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Alternate Job Title(s) | |||
Bookkeeper | |||
Business Administrator | |||
Business Manager | |||
Chief Financial Officer (CFO) | |||
Chief Fiscal Officer (CFO) | |||
Chief School Finance Officer | |||
City Comptroller | |||
City Controller | |||
City Treasurer | |||
Comptroller | |||
Controller | |||
Corporate Controller | |||
Cost Controller | |||
County Treasurer | |||
Director of Finance | |||
Finance Director | |||
Finance Manager | |||
Finance Specialist | |||
Finance Vice President | |||
Financial Administrator | |||
Financial Director | |||
Financial Engineer | |||
Financial Institution Treasurer | |||
Financial Institution Vice President | |||
Financial Officer | |||
Financier | |||
Fiscal Manager | |||
Fiscal Specialist | |||
Investment Officer | |||
Investments Manager | |||
Payroll Analyst | |||
Payroll Coordinator | |||
Plant Controller | |||
Reserve Officer | |||
School Business Administrator | |||
School Business Manager | |||
School Treasurer | |||
State Comptroller | |||
Treasurer | |||
Trust Officer | |||
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