Role of the Chief Financial Officer (CFO) in contributing to the Essay

Role of the Chief Financial Officer (CFO) in contributing to the strategy of a company. if you were in a CFO position at your ch - Essay Example The supervision of the financial functions of the department is an integral part of the responsibilities of the CFO. In cases of public statements to be given on behalf of the company in the areas of financial performance, the Chief Financial Officer is the designated person to perform this task. A study of the roles and responsibilities of the Chief Financial Officer of the organization in detail would reveal that the Chief Financial Officer needs to supervise the activities of record keeping, financial planning and reporting the financial performance to the top management that includes Chief Executive Officer and the Board of Directors. ... ng essential inputs on the formation, evaluation and implementation of the strategy of the company that could be driven by the financial resources by the organization. After the strategy is formed with due consultation among the senior corporate officers of the top management, the Chief Financial Officer plays the vital role in supervising the financial performance of the company in order to meet the strategic objectives. Based on the strategic objectives of the organization, the role of the Chief Financial Officer could be broadly divided into the three areas as explained below. These could be named as the treasury function, control function and the strategy based forecasting function performed by the Chief Financial Officer. The effectiveness of the Chief Financial Officer in these areas helps in meeting the strategic objectives of the company (Handlechner, 2008, p.73). Thus the contribution of the Chief Financial Officer is extremely important in the strategic growth of the compan y. Treasury function The treasury management of the company is one of the main financial areas based on which the financial performance of the organization is determined. The treasury management of the organization deals with the managements of funds available with the organization in order to satisfy the areas if interests like investments, credit, debts, etc. so that the short term and long term goals of the company could be fulfilled. The treasury function of the Chief Financial Officer involves supervision of the performance of the treasury management, plan initiatives to address the identified gaps in the management of funds of the organization so that optimum return could be achieved in the areas of investments, and finally reporting the financial performance of the treasury