What is a Finance Officer doing? Job description and responsibilities

What does a Finance Officer do?

The Finance Officer is responsible for overseeing the financial operations of the company, including budgeting, forecasting, and financial reporting. This position reports directly to the Chief Financial Officer (CFO) and collaborates with other departments to ensure accurate financial data and compliance with regulations. The Finance Officer plays a crucial role in providing strategic financial guidance and supporting decision-making processes within the organization.

Responsibilities of Finance Officer

• Managing and overseeing the daily operations of the finance department.
• Developing and implementing financial policies, procedures, and controls.
• Monitoring and analyzing financial data and preparing financial reports.
• Conducting financial forecasting and budgeting activities.
• Ensuring compliance with financial regulations and legislation.
• Managing cash flow and optimizing working capital.
• Coordinating and liaising with external auditors and tax authorities.
• Providing financial advice and guidance to management and other departments.
• Assessing and mitigating financial risks.
• Overseeing the preparation and submission of financial statements and reports.