Internally, the Chief Financial Officer works with the Senior or Chief Accountant in directing and coordinating company finances. Developing budgets for both annual and interim periods as well as planning cash management investment strategies require much of his/her time. Occasionally, the CFO will give an economic appraisal of the company and in doing so, will prepare relevant financial ratios and reports.
Education and Training
Today's Chief Financial Officer typically requires a four-year college degree in Accounting, with many having advanced degrees such as a Masters of Business Administration (MBA). Equally important to the CFO, however, are good analytical skills, an excellent rapport with superiors and subordinates, established communication skills, a solid business background, and the ability to lead people.
Advancement Potential
The Chief Financial Officer is usually considered one of the top officers in a construction company's organizational structure. He or she generally starts as an accountant. The CFO is always considered a prime candidate for other top management positions, including the presidency.
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