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.
 
CompGeo Occupation Group: Management
Job Family: Executive
Benchmark Title: Chief Financial Officer
 
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.
 
Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
 
Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
 
Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
 
Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
 
Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
 
Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
 
Monitor financial activities and details such as reserve levels to ensure that all legal and regulatory requirements are met.
 
Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
 
Develop and maintain relationships with banking, insurance, and nonorganizational accounting personnel to facilitate financial activities.
 
Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
 
Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
 
Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
 
Advise management on short-term and long-term financial objectives, policies, and actions.
 
Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
 
Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
 
Lead staff training and development in budgeting and financial management areas.
 
Receive cash and checks and make deposits.
 
Compute, withhold, and account for all payroll deductions.
 
Perform tax planning work.
 
Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.
 
 
CompGeo Occupation Group: Management
Job Family: Executive
Benchmark Title: Chief Financial Officer
 
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.
 
Economics and Accounting Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
 
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.
 
Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 
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.
 
Law and Government Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
 
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.
 
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.
 
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.
 
 
CompGeo Occupation Group: Management
Job Family: Executive
Benchmark Title: Chief Financial Officer
 
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.
 
Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
 
Reading Comprehension Understanding written sentences and paragraphs in work related documents.
 
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.
 
Writing Communicating effectively in writing as appropriate for the needs of the audience.
 
Speaking Talking to others to convey information effectively.
 
Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
 
Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.
 
Coordination Adjusting actions in relation to others' actions.
 
Time Management Managing one's own time and the time of others.
 
Management of Financial Resources Determining how money will be spent to get the work done, and accounting for these expenditures.
 
Mathematics Using mathematics to solve problems.
 
Monitoring Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
 
Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.
 
Operations Analysis Analyzing needs and product requirements to create a design.
 
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.
 
Management of Personnel Resources Motivating, developing, and directing people as they work, identifying the best people for the job.
 
Learning Strategies Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
 
Systems Analysis Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
 
Persuasion Persuading others to change their minds or behavior.
 
Negotiation Bringing others together and trying to reconcile differences.
 
Instructing Teaching others how to do something.
 
Service Orientation Actively looking for ways to help people.
 
Management of Material Resources Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.
 
 
CompGeo Occupation Group: Management
Job Family: Executive
Benchmark Title: Chief Financial Officer
 
Important Ability Competencies Competency Description
Oral Expression The ability to communicate information and ideas in speaking so others will understand.
 
Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences.
 
Written Comprehension The ability to read and understand information and ideas presented in writing.
 
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.
 
Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
 
Speech Clarity The ability to speak clearly so others can understand you.
 
Near Vision The ability to see details at close range (within a few feet of the observer).
 
Speech Recognition The ability to identify and understand the speech of another person.
 
Written Expression The ability to communicate information and ideas in writing so others will understand.
 
Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
 
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).
 
Category Flexibility The ability to generate or use different sets of rules for combining or grouping things in different ways.
 
Mathematical Reasoning The ability to choose the right mathematical methods or formulas to solve a problem.
 
Number Facility The ability to add, subtract, multiply, or divide quickly and correctly.
 
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.
 
Selective Attention The ability to concentrate on a task over a period of time without being distracted.
 
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.
 
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).
 
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.
 
Speed of Closure The ability to quickly make sense of, combine, and organize information into meaningful patterns.
 
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.
 
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).
 
Far Vision The ability to see details at a distance.
 
Memorization The ability to remember information such as words, numbers, pictures, and procedures.
 
 
CompGeo Occupation Group: Management
Job Family: Executive
Benchmark Title: Chief Financial Officer
 
Tools/Technology Example Product Category
ADERANT Expert Back Office, Powered by Keystone Enterprise resource planning ERP software
 
Accounting software Accounting software
 
Automatic Data Processing EasyPay software Accounting software
 
Automatic Data Processing PC payroll for windows PCPW Human resources software
 
Corel QuattroPro Spreadsheet software
 
Database software Data base user interface and query software
 
Deltek software Enterprise resource planning ERP software
 
Enterprise resource planning ERP software Enterprise resource planning ERP software
 
Exact Software Macola ES Enterprise resource planning ERP software
 
FRx Software Financial analysis software
 
Hyperion Enterprise Accounting software
 
Hyperion Pillar software Financial analysis software
 
Hyperion Solutions System 9 Planning Enterprise resource planning ERP software
 
IBM Lotus 1-2-3 Spreadsheet software
 
Intuit QuickBooks software Accounting software
 
Job costing software Accounting software
 
MYOB Premier Accounting Small Business Suite Accounting software
 
Microsoft Access Data base user interface and query software
 
Microsoft Excel Spreadsheet software
 
Microsoft Great Plains Dynamics software Enterprise resource planning ERP software
 
Microsoft Great Plains software Enterprise resource planning ERP software
 
Microsoft Office software Office suite software
 
Microsoft Outlook Electronic mail software
 
Microsoft PowerPoint Presentation software
 
Microsoft Word Word processing software
 
Oracle Financials Financial analysis software
 
Oracle JD Edwards OneWorld Enterprise resource planning ERP software
 
Oracle PeopleSoft Enterprise resource planning ERP software
 
Oracle software Data base user interface and query software
 
SAP software Enterprise resource planning ERP software
 
Sage Fixed Asset Solution FAS Accounting software
 
Sage MIP Fund Accounting Accounting software
 
Sage Peachtree software Accounting software
 
Solomon Software Enterprise resource planning ERP software
 
Structured query language SQL Data base user interface and query software
 
10-key calculators Calculators or accessories
 
Desktop computers Desktop computers
 
Notebook computers Notebook computers
 
Personal computers Personal computers
 
Personal digital assistants PDA Personal digital assistant PDAs or organizers
 
Tablet computers Tablet computers
 
 
CompGeo Occupation Group: Management
Job Family: Executive
Benchmark Title: Chief Financial Officer
 
Prerequisite Qualification Category Education and Experience Level
On-Site or In-Plant Training None
 
Required Level of Education Master's Degree
 
Related Work Experience Over 10 years
 
On-the-Job Training None or short demonstration
 
 
CompGeo Occupation Group: Management
Job Family: Executive
Benchmark Title: Chief Financial Officer
 
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
 
CompGeo Occupation Group: Management
Job Family: Executive
Benchmark Title: Chief Financial Officer
 
 
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