A COMPREHENSIVE GUIDE TO HIRING A CFO
Chief Financial Officer (CFO) Job Description
We are looking for an experienced Chief Financial Officer to perform effective risk management and plan the organization’s financial strategy. It is a very important and complex role since an organization can only survive if it actively investigates and safeguards its finances. A CFO must be well-versed in all aspects of financial management ranging from simple accounting to broad investment and banking operations. The ideal candidate will be an excellent leader since all relative departments of the organization will be under their command. The goal is to protect the company’s revenues and profits to achieve full financial control and sustainable growth.
Drive the company’s financial planning
Perform risk management by analyzing the organization’s liabilities and investments
Decide on investment strategies by considering cash and liquidity risks
Control and evaluate the organization’s fundraising plans and capital structure
Ensure cash flow is appropriate for the organization’s operations
Supervise all finance personnel (controllers, treasurers etc.)
Manage vendor relationships
Prepare reliable current and forecasting reports
Set up and oversee the company’s finance IT system
Ensure compliance with the law and company’s policies
Manage team of financial controller and financial analysts.
Proven experience as CFO, financial officer or relevant role
In depth knowledge of corporate financial law and risk management practices
Excellent knowledge of data analysis and forecasting methods
Proficient in the use of MS Office and financial management software (e.g. SAP)
Ability to strategize and solve problems
Strong leadership and organizational skills
Excellent communication and people skills
An analytical mind, comfortable with numbers
CPA is a strong advantage
BSc/BA in Accounting, Finance or relevant field; MSc/MBA is a plus
How to Hire a CFO
The interview process provides hiring managers and professionals the opportunity to assess the candidates for these high-achieving qualities. In addition, HR professionals can delve deep into topics related to the candidate’s education, experience, and skills.
Ask your CFO candidates the following compelling interview questions to start the discussion:
Please tell me what we do in your own words.
What are your goals?
What is the key to a successful budget?
Pitch our company as you would in a sales meeting.
Ask questions that determine cultural fit.
In the end, there are numerous CFO interview questions you could ask. So don’t limit your questions to these five. Ask the candidate questions tailored to your specific business to see whether they could perform well in your company or whether or not they would be an excellent cultural fit.
The average salary for a Chief Financial Officer (CFO) is $139,048.
Find Your CFO More Efficiently!
There are so many factors that go into finding and hiring the perfect candidate for a CFO position. So why not make it easier by using a top staffing firm?
For more than a decade, The BestLogic Staffing team has championed business success through extensive consultations to pinpoint individuals and personalities that grow businesses. The BestLogic Staffing partners with your leadership team to learn about the company’s mission and values, and determine what success looks like for your company. Using this information, The BestLogic Staffing performs an exhaustive search to find the best candidate(s) for your business.
Through this process, BestLogic Staffing embodies its mission to build connections that align candidates and stakeholders with similar purpose-driven values. Contact the BestLogic Staffing online or call 860 251 9593 to start your partnership with BestLogic Staffing and find your next CFO!