- Featured in:
-
More Chief Financial Officer Resumes
Use these Chief Financial Officer samples as a guideline or visit our extensive library of customizable free resume templates.
Select
Customize
Download
Find out what is the best resume for you in our Ultimate Resume Format Guide.
Additional Finance Resume Samples
Chief Financial Officer Resume Samples
No results found
0-5 years of experience
Responsible for managing all financial reporting, budgeting, and forecasting, and directing the implementation of a new ERP system in the U.S., Canada and Mexico. Managed four controllers, IT, and supply chain across three countries consisting of eight 24/7 manufacturing facilities generating $400 million in annual gross revenues.
- Financed a $35 million capital expansion project with Canadian Ex-Im Bank that provided unconventional financing that went beyond machinery financing to include soft costs, facility costs, and tooling. This financing package improved initial operating cash flow by $9 million and delivered ongoing savings of 11/2% for the cost of capital.
- Obtained stretch financing for closing one Canadian plant and consolidating it into the remaining two plants.
- Created common operating metrics for all plants that led to improved accountability for operations.
- Initiated mid-month and last day of month flash reporting to the parent company.
- Successfully directed all of the Y2K activities.
0-5 years of experience
Leading Financial Research firm that provides research, publishing and service quality measurement services to the financial community: Often referred to as the “J.D. Power” of the mutual fund industry. Revenues $8-10M Charged with creating and maintaining a 21st century reporting and costing system, locating new income generation products and processes, while remaining consistent with the company mission statement. Work closely with each business unit helping them establish goals and achieving them in the most cost effective manner. Results as follows:
- Led successful effort to re-engineer the publishing business unit. All facets of publishing including revenues, costs, product mix, philosophy, and frequency of publication were addressed. The publishing business unit became more focused, achieving bottom line improvements of $500k annually.
- Key member of the management team that successfully completed the sale of the publishing business unit to new ownership
- Implemented internal audit procedures which identified $100k in annual cost savings and revenue opportunities
- Designed and implemented a new billing review process to ensure efficiency and accuracy
- Negotiated cost savings and new vendor terms reducing operating costs by $50k, and improving cash flow by $150k
0-5 years of experience
Responsible for day to day operations of the accounting department including treasury, safety, audit reviews, health insurance, and risk management. Manage a staff of three.
- Consolidated departmental responsibilities and streamlined accounting system, reducing staff from five people to three, saving $75,000 annually.
- Reduced time necessary to file quarterly and annual payroll tax returns, monthly, quarterly and annual financial statement from 20 to 15 days.
- Spearheaded changes in safety program, resulting in a reduction of Worker’s Compensation cost by $25,000 annually, a 10% savings.
- Improved information flow to external auditors, reducing audit costs by $10,000 annually, a 25% savings.
- Reduced Worker’s Compensation experience rate by nine percentage points within 12 months.
- Negotiated with insurance company and generated competitive bids to reduce insurance cost $20,000 annually, a 15% savings.
- By establishing and maintaining a strong working relationship with the bank, converted $1.5 million line of credit to $1 million 4-year note and $500,000 line of credit.
0-5 years of experience
Serving as the Chief Financial Officer on a turnaround team for a private-equity backed acquisition of a multi-media advertising company with revenues of $25 million. Responsible for the Finance, IT and Human Resource functions.
- Analyzed and established product line gross profit margins, reduced SG&A expenses and head count.
- Generated $0.5 million in cash from working capital in the first 6 months post acquisition by accelerating billing, improved collections and extending vendor payment terms.
- Established a new bank line of credit and insurance relationships resulting in reduced interest and insurance cost.
- Rebuilt the finance function, implemented formal budgeting, forecasting and reporting systems to measure and communicate performance results internally, to the board of directors and investors.
- Managed all day-to-day banking, treasury, and operating cash flow activities for effective financial planning.
0-5 years of experience
Chief Financial Officer for $35 million rapidly growing professional services company providing remote PC support services to fortune 100 companies.
- Worked closely with executive management team to grow top line revenues by over 900% in a three year period through new customer acquisition and increased account penetration.
- Instrumental in driving a 400% increase in gross margin through process automation and strict headcount adherence.
- Negotiated and structured bank financing arrangement resulting in additional capital for company expansion.
- Implemented new financial system integrating with crm system resulting in greater automation and a streamlined close process.
- Implemented a monthly financial and management reporting process resulting in a more timely, accurate and detailed reporting package for use by executive management and board of directors in the strategic management of the organization.
- Interviewed and selected outside audit firm, overseeing successful initial audit of the Company’s financial results.
0-5 years of experience
Maximized revenue by providing direct supervision and training to managers in problem areas of the casino.
- Analyzed slot production changes for increased revenue.
- Advised the Board of Directors on financial aspects of proposed expansion.
- Investigated and resolved audit findings that produced over $100,000 in positive error reductions.
- Implemented self-insured health plan including wellness benefits which saved the business in excess of $78K or 19% and influenced several staff members to become healthier.
0-5 years of experience
Dayton’s largest physician group with 150 hospital employed primary care and specialty physicians
- Strengthened financial, HR and IT functions during period of 40% growth in physicians and practices. Planned implementation of Epic EMR.
- Negotiated significant managed care contract increases (up to 30%) and maximized payment for quality incentives
- Took actions to financially protect employed physicians and maintain loyalty when out of contract with largest commercial payer
- Created and led start-up of retail clinics, (similar to Minute Clinic) staffed by nurse practitioners in local Kroger stores to increase physician network visibility and referrals
- Advised individual physicians, physician governance group and network board of directors
- Replaced 3rd party retirement plan administrator, improved service to participants and eliminated 100% / or $150k of administration expense
6-10 years of experience
Int’l long distance voice/sms carrier with over 150 interconnections. Revenues exceeded $130 million.
- Reorganized accounting processes to produce accurate financial statements on a timely basis.
- Annual audit reports issued by Deloitte/Grant Thornton on time without adjustments.
- Established office in Bangkok to handle accounting and billing functions.
- Developed and implemented cost-cutting program.
- Prepared $8 million bitcoin mining business plan; launched operations 2014
6-10 years of experience
Chief financial officer for $1 billion network of four brokers/dealers and registered investment advisors. Led finance, commissions, licensing and registrations, due diligence and strategic partner relationship management functions. Held responsibility for financial reporting, accounting, financial analysis, strategic spending, audits, budgeting and forecasting, cash management, tax planning, deferred compensation plan administration, product approval, commissions processing and services, and registered representative licensing and registration, as well as managing strategic relationships with mutual fund and insurance companies.
- Experienced with acquisitions, divestitures and mergers, and direct contact with federal and state regulators.
- Developed key financial tools which were instrumental in analyzing acquisition opportunities
- Implemented operational risk management program for Advisors Network in 2005.
- Managed oversight of 80 associates in four locations.
- Contributed to worldwide ING finance project to make finance organization better business partner, with particular emphasis on improving HR aspects of finance organization. Project spanned a two year period with travel to both Europe and Asia and helped to solidify relationships with ING’s CFOs in offices throughout Europe, Asia and the Americas.
6-10 years of experience
Management: Financial management responsibility for seventeen operating companies. Managed the budgeting process and evaluated operating performance.
- Banking Relationships: Coordinated a consortium of ten banks. Negotiated a $50mm credit facility led by NationsBank and a $44mm term loan by CIT. Participated in public offering of $25mm 7% convertible subordinated debenture.
- Mergers & Acquisitions: Spearheaded the analysis, structuring, documentation and audit of ten companies. Designed the methodology used in evaluating the candidates. Participated in the sale or closing of 5 companies.
- Investor Relations.
- SEC and financial reporting.
- Income Tax: Federal and 11 state tax returns.
Chief Financial Officer Duties and Responsibilities
Chief financial officers work in various industries and may be employed at organizations with fewer than 100 employees or more than 100,000. CFOs who work for smaller companies may have a few more responsibilities than those who work for larger corporations, but the primary job responsibilities are the same and include:
Establish Policies and Procedures To maintain a company’s financial strength, chief financial officers set the company’s rules for cash handling and flow as they relate to purchasing, collections, credit, and bill payment, and ensure that the company maintains compliance with these policies and procedures.
Supervise Departments Chief financial officers supervise the accounting and finance departments. They may also be responsible for human resource and IT department oversight as well.
Advise on Financial Performance CFOs help the chief executive officer maintain strong financial performance by giving advice on ways to increase revenue while decreasing costs.
Monitor Performance Chief financial officers use financial tools and software to track and analyze the company’s financial performance, measuring the actual performance against the expected performance.
Maintain Compliance To avoid fees and penalties, chief financial officers ensure that the company is following GAAP standards and federal, state, and local regulatory laws and rules concerning financial and tax reporting.
Chief Financial Officer Skills and Qualifications
Strong business acumen is key for chief financial officers. Other skills and qualifications that are vital to a CFO’s success have been researched and listed below:
- Interpersonal skills – because they work with and manage people at all levels of the company, as well as develop relationships with financial professionals outside of the company, chief financial officers must be comfortable with and effective at communicating with others
- Computer proficiency – chief financial officers use different programs and databases to gather and analyze data and create financial models and reports
- Problem-solving skills – when issues arise in the departments that they oversee, or in times of a company financial crisis, it’s the CFO’s responsibility to come up with solutions to resolve those problems quickly and effectively
- Analytical thinking – CFOs analyze financial statements, data, trends, and forecasts to formulate plans and strategies
- Strategic thinking – chief financial officers must excel in creating short- and long-term strategies to increase revenue, decrease expenses, and attract investors
Chief Financial Officer Education and Training
Employers seek chief financial officers who have a minimum of a bachelor’s degree in accounting or another business-related field. They prefer candidates who have a master’s degree in business administration (MBA) or a certified public accountant (CPA) credential and five to 10 years of financial leadership experience.
Chief Financial Officer Salary and Outlook
The salary for chief financial officers varies based on the industry they’re employed in and the size of the employing organization. The highest 10 percent earn over $208,000 a year, while the lowest 10 percent earn less than $68,000 annually. The median annual wage is $183,000. This occupation is projected by the Bureau of Labor Statistics to grow at an average rate of 8 percent through 2026. Because there are many qualified applicants entering the field due to the attractive salary it offers, as well as the prestige, CFO prospects can expect strong job competition. The job prospects who will stand out and have the best chances for employment are those who hold advanced degrees and have years of leadership experience in the field.
Helpful Resources
If you’re interested in learning more about the chief financial officer’s role, check out the additional resources listed below:
Association for Financial Professionals – this Maryland-based professional association was created to aid the advancement of financial professionals and their employing organizations. AFP set standards of excellence in the finance industry by establishing the Certified Treasury Professional and the Certified Corporate FP&A Professional credentials, both of which it also administers. AFP also contributes to the industry by hosting the largest annual networking conference for finance professionals
The Financial Executives Networking Group – the FENG was started in 1991 with the purpose of creating a forum where senior financial executives could network and share job opportunities and experiences. Its membership includes chief financial officers, controllers, treasurers, managing directors, and vice presidents. The FENG is the largest networking association for financial executives worldwide, boasting a membership base of over 53,000 members across the United States and internationally. Members connect through email, conference calls, the FENG newsletter, and sponsored events
The Successful CFO: Key Areas the CFO Must Master – author Tony Tripodo, 2014 CFO of the Year, provides readers insight into the requirements for becoming a successful CFO. Tripodo draws on his over 40 years of industry experience to provide real-life lessons on what does and does not work when it comes to positively influencing and successfully leading an organization as a CFO
The Essential CFO: A Corporate Finance Playbook – Bruce P. Nolop incorporates proven strategies, best practices, and insight to illustrate the power of the chief financial officer’s role as it relates to delivering shareholder value. The book covers how CFOs partner with CEOs to provide shareholder value through strategic plan articulation and execution, capital allocation determination, capital structure management, financial performance driving, and strategic transactions implementation
Rate This Article
Chief Financial Officer
Last edited by: Gabriela Barcenas, CONTENT STRATEGIST -
Gabriela Barcenas
CONTENT STRATEGISTGabriela is a Certified Professional Resume Writer (CPRW) and career adviser. With 10 years of digital media experience and five years of resume writing expertise, her publication history includes fashion, education, travel, social justice, equitable design and career advice.
