What does a Chief Financial Officer do?

The Chief Financial Officer (CFO) will make sure that the company is compliant with different tax and government regulations. They will monitor the cash flow and expenditures of the whole company and conduct financial planning to identify any risk that may arise and find solutions that will mitigate them. The CFO will work closely with the finance team in creating and implementing internal accounting policies, making sure that the employees are guided and follow the financial process. Being one of the most senior positions in the company, the CFO is also responsible in providing reports to the top management, supporting the strategic growth of the company, and will be directly involved in the overall financial operations and strategy of the company, providing significant insights on the company’s financial structure, investments, management of finances, and long-term financial strategy. 

Chief Financial Officer Responsibilities

  • Report directly to President/CEO and be responsible for all accounting/finance functions of the Company.
  • The CFO will oversee and manage a team of three and will be responsible for building and developing processes that will serve as the foundation of a very strong finance department.
  • The CFO is a member of the Senior Leadership team of the Company and will partner with other leadership team members on a broad range of matters.
  • Manage and operate the accounting department to ensure proper maintenance of all accounting systems and functions.
  • Develop and manage both the annual budgeting and periodic financial forecasting process for financial statements including developing an appropriate financial model and procedures for easily updating the model.
  • Assist in the planning and integration of systems, data and reporting to create efficiencies within the Accounting and Finance department, as well as across multiple departments in the organization. 
  • Manage financial team and ensure the maintenance of accurate accounting records and timely production of monthly financial statements and job profitability analysis. 
  • Manage all banking and financing partner relationships. 
  • Partner closely with leadership team members cross-department to communicate financial results and drive business performance. 
  • Review and present month-end and year-end financial statements, business metrics reports both internally and to the Company’s Board of Directors. 
  • Assist in the development and implementation of goals, policies, priorities, and procedures to financial management, budget, and accounting. 
  • Work with Controller to maintain revenue recognition according to GAAP.  
  • Prepare and oversee the building of extensive financial models and forecasts for operations and cash flows at the individual business unit level, as well as the consolidated enterprise level, based on the drivers within each unit. 
  • Produce consolidated financials and cash projections for individual projects and company.  
  • Drive results; demonstrate urgency and accountable for achieving high standards of performance and service. 

Chief Financial Officer Qualifications

  • Bachelor’s degree in Accounting, Finance or Business Administration 
  • CPA preferred   
  • Superior analytical, quantitative, and technical skills 
  • Highly proficient in database and accounting computer application systems 
  • Demonstrated management and leadership skills with proven ability to work in a team environment 
  • Highly organized with exceptional attention to detail 
  • Strong judgment and decision-making skills 
  • Strong business writing and communication skills 

Is your company looking for a Chief Financial Officer? As construction recruiters, we can help you refine your Chief Financial Officer job description and assist you in finding the right candidate for your needs. 

Are you looking for new employment opportunities as a Chief Financial Officer? View open positions here.  


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