Finance / Accounting

Chief Financial Officer

Related positions: Chief Financial Officer, CFO, Accounting Supervisor, Banking Center Manager (BCM), Branch Manager, Business Banking Manager, Credit Administration Manager, Credit Manager, Financial Center Manager, Financial Planning Manager, Financial Reporting Manager, Financial Systems Manager, CEO (Chief Executive Officer), Chief Diversity Officer (CDO), Chief Financial Officer (CFO), Chief Information Officer (CIO), Chief Operating Officer (COO), Chief Technical Officer (CTO), Executive Director, Executive Vice President (EVP), Operations Vice President (Operations VP), President

Overview

A CFO, or Chief Financial Officer, is a senior executive responsible for managing the financial actions of a company. The CFO’s duties include tracking cash flow and financial planning as well as analyzing the company’s financial strengths and weaknesses and proposing corrective actions. Their role is critical in strategizing investments, capital structure, and long-term financial planning to support the company’s growth and sustainability.

According to onet, 46% of CFO’s own a master’s degree, 32% have bachelor’s degree and 5% have associate’s degree.

Common tasks 

    TaskRelated trait(s)
    Direct or coordinate an organization’s financial or budget activities to fund operations, maximize investments, or increase efficiency. Strategic Decision-Making
    Confer with board members, organization officials, or staff members to discuss issues, coordinate activities, or resolve problems. Empathetic Listening 
    Prepare budgets for approval, including those for funding or implementation of programs. Analytical Acumen Precision Focus
    Prepare or present reports concerning activities, expenses, budgets, government statutes or rulings, or other items affecting businesses or program services. Intellectual Agility
    Implement corrective action plans to solve organizational or departmental problems. Strategic Decision-Making

    Soft skills measured by TraitForward

    TraitNo of QuestionsCronbach’s  alpha (α)
    Inclusive Leadership80.72
    Can they foster an environment where diverse perspectives are valued, respected, and effectively incorporated into organizational decisions and strategies?
    Principled Leadership80.71
    Can they consistently demonstrate integrity, ethical judgment, and accountability in their leadership decisions and actions?
    Intellectual Agility50.72
    Can they continuously expand their knowledge base, adapt their thinking to new information, and articulate complex financial concepts with sophisticated vocabulary and clarity?
    Strategic Innovation70.76
    Can they generate and implement innovative ideas that strategically advance organizational goals and create competitive advantages?
    Analytical Acumen80.73
    Can they systematically break down complex financial information, identify meaningful patterns, and translate data-driven insights into strategic business decisions?
    Precision Focus90.78
    Can they consistently maintain careful attention to details while methodically organizing and executing complex tasks with high accuracy?
    Strategic Decision-Making90.72
    Can they methodically analyze complex financial and business information to make decisions that balance short-term requirements with long-term strategic objectives?
    Executive Influence90.83
    Can they naturally command attention, articulate ideas persuasively, and influence stakeholders at all levels of the organization?
    Empathetic Listening80.71
    Can they truly understand others’ perspectives and feelings, demonstrating genuine attentiveness and responsiveness in their interactions?
    Collaborative Leadership90.72
    Can they build an environment where team members actively contribute, feel valued, and work together effectively toward shared organizational objectives?
    *Cronbach’s alpha coefficient (α) determines the extent to which the questions consistently measure each trait and it is expressed as a number ranging between 0 and 1 . Higher values indicate higher agreement between questions.  A value of α equal to greater than .7 indicates acceptable reliability or internal consistency.  For more information on the psychometric properties of the solution, please click here.

    Find out the psychometric properties for the Chief Financial Officer Traitforward questionnaire

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