Often in the literature, the names of positions "financial director", "financial manager" and "financial manager" are used synonymously. This is due to the fact that the regulation of the labor functions of specialists in the field of finance has not yet been carried out at the legislative level.
A more or less pronounced structure of personnel solving financial issues is typical for banks, credit institutions, trust companies, brokerage firms, stock exchanges and other specialized organizations. A clear distribution of functions between financial workers can be said about foreign companies or foreign representative offices. So, for example, in foreign companies it is customary that the management of all financial work is carried out by the vice president of finance, to whom the head of the finance department and chief Accountant... The latter, in turn, manage financial managers, economists, accountants, analysts and other specialists in the field of finance and accounting.
Russian industrial, trade and other enterprises do not yet have a clear understanding of the structure of financial management. Therefore, in a small enterprise, the employee responsible for financial work is arbitrarily (usually by the decision of the director of the enterprise) called either the financial director or the financial manager. At the same time, neither the presence of subordinates as such, nor independence or subordination to a superior is taken into account. officialnor the scope of labor functions. If financial management in foreign financial science is considered a relatively new phenomenon, then in domestic practice it is even more so. Only over time will HR specialists be able to clearly regulate the functions of financial managers at different levels of management.
It should be said that if you take a Job Description (something like an analogue of job descriptions in foreign companies), for example, the positions of "Financial Director", "Financial Manager", then there is no clear division of functions in them either. But at the same time, job titles are used both synonymously and as different concepts.
As we have already noted, the most clear regulation of the functions of financial managers is characterized by banking and credit institutions, brokerage firms and trust companies. For example, banks have recently introduced the institutions of personal financial managers. Their main responsibilities are: assisting clients in matters related to the management of their accounts; issuing professional advice on the use of various financial instruments to increase capital; coordination of clients' work with all structural divisions of the bank; development of schemes for the most profitable placement or attraction money; proposals for minimizing the taxable base; assistance in establishing business relations with investors, partners in other areas of the client's financial development; assisting in technical design financial contracts and bank documents. By the way, such a position in the bank is called a “financial manager”. Employees in this position report to the financial manager or the bank's vice president of finance.
At production, transport, trade and intermediary and other enterprises, a number of schemes for the division of labor functions between workers engaged in financial work are distinguished.
Here are some of them:
First. All financial work is directed by the CFO or CFO or the head of the finance department. His main responsibilities are the development and adoption of the financial policy of the company, the organization of work on financial analysis, planning and management of financial resources, setting tasks for subordinate employees. The latter include financial managers, financial economists, financial analysts, financial experts, etc. With such an organization of personnel, financial managers belong to the middle and lower levels of management. Most often, the functions between managers are distributed in separate areas (for example, responsible for tax planning and tax reporting, responsible for working with securities, etc.).
Based on the basic concepts of management theory, a financial director or financial manager acts as a top-level manager. Therefore, often in enterprises using this labor organization scheme, the employee who manages all financial work instead of the financial director or financial manager is called the chief or senior financial manager.
Second. The company introduces the position of a financial manager, who has significant freedom and independence in solving financial issues and is responsible not only for the development of financial policy, but also for its direct implementation, i.e. independently searches for funding sources, negotiates, concludes agreements, etc. He is obliged to know exactly the necessary and expected amounts on the accounts of the enterprise, manage these amounts, take part in the formation of the cost price, pricing and solving a lot of other issues. That is, he must be a leader and performer in one person.
The following examples of job descriptions are general in nature. We tried to present a functional place cFO in the first scheme and financial manager - in the second. This is due to the fact that a clear regulation of the functions of middle and lower-level financial managers (in the first scheme) can be carried out only at a particular enterprise, based on: the scope of tasks assigned to the financial service; organizational structure; number of staff units; other parameters.
FINANCIAL DIRECTOR'S INSTRUCTIONS
I. General provisions
1. CFO belongs to the category of managers.
2. A person who has a higher professional (economic) education and work experience in the specialty in the field of organizing financial activities for at least 5 years is appointed to the position of the financial director.
3. The CFO should know:
3.1. Legislative and regulatory legal documentsthat determine the requirements for the financial and economic activities of the enterprise.
3.2. The state and prospects for the development of financial markets and sales markets for products (goods, services, works).
3.3. Organization principles financial work at the enterprise.
3.4. Compilation procedure financial plans, forecast balances and budgets of funds, plans for the sale of products (goods, services, works), profit plans.
3.5. The system of financial instruments providing management financial flows.
3.6. Fundamentals of enterprise capital management.
3.7. Assessment methods financial assets, profitability and risk.
3.8. Fundamentals of working capital management, models for the formation of own working capital.
3.9. Principles for determining entrepreneurial risk.
3.10. The procedure for short-term and long-term lending to an enterprise, attracting investments and borrowed funds, using own funds enterprises.
3.11. Rules for the issue and procedure for purchasing securities.
3.12. The order of distribution of financial resources, determination of the effectiveness of financial investments.
3.13. Principles financial control.
3.14. Order and form financial calculations.
3.15. Principles and methods of taxation.
3.16. Methods for paying taxes and fees.
3.17. The tax system.
3.18. Characteristics of the main taxes and fees of the Russian Federation.
3.19. Standards financial accounting and reporting.
3.20. Accounting.
3.21. Computer facilities, telecommunications and communications.
3.22. Foreign language.
4. Appointment to the post of financial director and dismissal from office are made by order of the head of the enterprise *
* The decision on the appointment of a financial director can also be made by the collective management body of the enterprise (Board of Directors, Management Board, etc.)
5. The financial director reports directly to the head of the enterprise.
7. During the absence of the financial director (business trip, vacation, illness, etc.), his duties are performed by a deputy or a person appointed in established order... This person acquires the relevant rights and is responsible for the improper performance of the duties assigned to him.
CFO:
1. Organizes the management of the movement of financial resources of the enterprise and regulation financial relations in order to make the most efficient use of all types of resources in the production and sale of products (goods, works, services) and maximize profits.
2. Determines the sources of financing for the production and economic activities of the enterprise (budget financing, short-term and long-term lending, issue and purchase of securities, lease financing, raising borrowed funds and using own funds).
3. In order to determine the external source of financing, organizes the activities of employees financial unit in the following areas: search for sources, assessment of the cost of sources, assessment of financial risk, the ratio of own and attracted funding sources.
4. Directly negotiates with commercial banks, other credit institutions and other external organizations.
5. Coordinates work on the analysis of the financial and economic condition of the enterprise (analysis accounting statements, horizontal and vertical analysis, trend analysis, calculation of financial ratios).
6. Provides the development of the accounting policy of the enterprise (definition: methods of writing off raw materials and materials into production; options for writing off low-value and wearing out items; methods for assessing construction in progress; the possibility of using accelerated depreciation; forms of planning new industries and sites; methods of accounting for finished products; etc.) ...
7. Manages the work on the formation of the credit policy of the enterprise, including: analysis of the structure of the balance; determination of the level of the ratio of own and borrowed funds; making a decision on attracting borrowed funds; determining the benefits of attracting borrowed funds; study of credit institutions; analysis of contractual documentation; drawing up a plan for the return of borrowed funds; calculation of interest rates for the loan period; determination of the amount of interest on draft credit agreements; establishing the sources of payment of the loan amount and interest; development of plans and schemes for loan repayment; etc.).
8. Manages the assets of the enterprise (financing the current production activities; investments directed by the enterprise for technical development (reconstruction, renovation and repair of equipment, production of new types of products, construction of buildings and structures, etc.); financial investments (purchase of securities, portfolio management, creation of subsidiaries, etc.); maneuvering with temporarily free funds; reorganization, liquidation, sale of individual objects property complex enterprises).
9. Organizes research and analysis of costs for the purchase of raw materials and materials, electricity consumption, transport costs, trade commissions and other costs, depreciation costs, interest on loans, rent, costs for maintaining the management apparatus, for the current repair of equipment and others costs in order to determine the cost management policy.
10. Determines the dividend policy of the company (policy of constant payments, policy of regular dividend, policy of repeated increase, policy of additional dividends) and develops proposals for determining the part of the profit directed to the payment of dividends; establishing and adjusting the conditions for the payment of dividends; determining the conditions for making a decision on the additional issue of shares, etc.
11. Organizes work on the development of sections of the business plan (section of the main indicators of the financial and economic condition of the enterprise; section for assessing financial and production risks and methods of their insurance; section for forecasting profits and losses, forecasting the movement (flow) of cash; etc.).
12. Carries out the organization of preparatory work on budget planning (preparation of proposals for the formation of a system of functional budgets (budget for repayment of loans, tax budget); development of proposals for drawing up a consolidated budget, determining the structure of the budget, determining responsibility for budget execution, establishing a procedure for coordination, approval and control budget execution).
13. Organizes and provides control over: the execution of financial plans (including a profit plan) and budgets in order to identify deviations from planned values, develop measures to eliminate non-production costs and cost-increasing factors identified during the analysis, operational budget adjustments and plan; for the cessation of production of products that have no sale; for the correct spending of funds and the targeted use of own and borrowed working capital.
14. Organizes work on financial analysis according to the following indicators: receipt of funds to the company's account for shipped products (goods) and services rendered (work performed); dynamics of income from stock activities (stock portfolio management, income from new share issues; expenditure of proceeds from sales in the main areas (purchase of raw materials and materials, wages, fixed costs and other current needs of the enterprise); payment of interest on loans; payment of dividends; investment expenses; the amount of free funds of the enterprise (or the amount of their deficit).
15. Based on the results of the financial analysis, ensures the development of proposals aimed at ensuring solvency, preventing the formation and elimination of unused inventory, increasing the profitability of production, increasing profits, reducing the cost of production and sales of products, strengthening financial discipline.
16. Determines the investment policy of the enterprise, taking into account: the state of the product market, the volume of its sales; the financial and economic situation of the enterprise; technical level of production; a combination of own and borrowed resources; financial conditions for investment in the capital market; benefits received by the investor from the state; commercial and budgetary efficiency of investment activities; conditions of insurance and obtaining guarantees against non-commercial risks; etc.
17. Ensures the timely receipt of income, registration in deadlines financial settlement and banking operations, payment of bills of suppliers and contractors, repayment of loans, payment of interest, wages to workers and employees, transfer of payments to banking institutions.
18. Provides the development of the tax policy of the enterprise (formation of the tax base for all types of taxes and fees; selection of the form tax accounting; determination of the composition of costs attributed to the cost of products (goods, works, services) for tax purposes; determination of mechanisms for the use of tax incentives, etc.).
19. Organizes: the development of a tax budget, which allows you to determine the planned value of profit; making calculations of profit and income taxes.
20. Ensures the transfer of taxes and fees to the federal, regional and local budgets, to state extra-budgetary social funds in the manner prescribed by law.
21. Supervises the development of financial accounting standards and the relationship with accounting (reporting forms not approved at the regulatory level; deadlines; information flow and document management systems, etc.).
22. Provides accounting for the movement of financial resources and reporting on the results of financial activities in accordance with the standards of financial accounting and reporting, the reliability of financial information; controls the correctness of the preparation and execution of reporting documentation.
23. Coordinates work on the preparation of explanatory notes (monthly, quarterly, annual) on the forms of financial accounting and reporting with calculated indicators, with a detailed analysis of deviations (from planned, industry average indicators, indicators of the previous year, competing enterprises, etc.).
24. Organizes work on the preparation of reports for the head of the enterprise (collective governing body, general meeting founders (shareholders)) on financial issues.
25. Is responsible for financial matters on an equal basis with the head of the enterprise and has the right of a second signature.
III. Rights
The financial director has the right:
1. To represent the interests of the enterprise in relations with credit institutions, insurance and investment companies, tax authorities, other bodies and organizations on financial issues.
2. Install job responsibilities for subordinate workers.
3. Request from the structural divisions of the enterprise information and documents necessary for the performance of his official duties.
4. Submit for consideration by the head of the enterprise:
4.1. Representation:
On the appointment, relocation and dismissal of subordinate employees.
On the encouragement of distinguished workers.
4.2. Proposals to engage in disciplinary and material responsibility violators of production, labor and financial discipline.
5. Submit proposals to the head of the enterprise on bringing officials to financial and disciplinary responsibility based on the results of financial audits.
6. Participate in the preparation of draft orders, instructions, instructions, as well as estimates, contracts and other documents related to the solution of financial issues.
7. Interact with the heads of all structural divisions on the financial and economic activities of the enterprise.
8. To give the heads of structural divisions of the enterprise instructions on the proper organization and conduct of financial work.
9. Sign financial documents.
10. Visa all documents related to the financial and economic activities of the enterprise (plans, forecast balances, reports, etc.).
11. Independently conduct correspondence with the structural units of the enterprise, as well as with third-party organizations, tax authorities, authorities state power and local government for financial affairs.
12. To get acquainted with the documents defining his rights and obligations in the position held, the criteria for assessing the quality of the performance of official duties.
13. Submit proposals for improving the work related to the responsibilities provided for in this instruction for consideration by the management.
14. Require the management of the enterprise to ensure organizational and technical conditions and the execution of the established documents necessary for the performance of official duties.
IV. Responsibility
The CFO is responsible for:
1. For improper performance or non-performance of their official duties provided for by this job description - within the limits established by the current labor legislation Russian Federation.
2. For offenses committed in the course of their activities - within the limits established by the current administrative, criminal and civil legislation of the Russian Federation.
3. For causing material damage to the enterprise - within the limits established by the current labor legislation of the Russian Federation.
Document type:
- Job description
Keywords:
- Economy
1 -1
The CFO profession, as a separate position, appeared relatively recently, about 20 years ago. Previously, his duties were performed by a group of accountants.
Now there is a financial manager in any large firm, and not necessarily in commercial, it can be state enterprise... It - one of the highest administrative positions, he is involved in cash flow management, determines the development policy of the company and monitors global trends.
Functions and management competencies
The CFO's field of activity is very extensive, and in addition to managing cash flow, he can sometimes be engaged in recruiting, developing a system of rewards or fines for employees, suggesting candidates for promotion, participating in the development of an advertising campaign, etc.
Despite this, it can be distinguished main functions.
Management of the company's cash flow, providing it with funds
The CFO must make sure the company has enough money to keep it afloat. He needs to control whether the company has enough funds to pay bills and taxes, whether they are spent effectively. If there are debts, then such a company will quickly go bankrupt, and the whole business will go to the bottom.
Business planning
In order for a business not to go bankrupt, you need clearly coordinate all activities of the organization... He needs to calculate the cost of goods or services produced, how much the firm needs to sell, how many taxes and bills need to be paid, etc.
For effective planning, the director will have to negotiate with other management teams, such as the CEO, production director, or director of public relations.
Ensuring effective business conduct
This paragraph means the maximum profit of your company, but big profit - this is only a consequence... The greatest efficiency is achieved when all departments of the organization work with full dedication and communicate well with each other.
The Financial Manager's Challenge - to be well oriented in the structure of the company, to be competent in all areas of work and production, in order to be able to properly adjust the activities of all structures.
Providing the right information
The monetary issue affects not only accounting departments and general director, but also the whole company as a whole... Therefore, on all matters related to money, the CFO is obliged to collect all the necessary information and distribute it to all stakeholdersso that the company is efficient and does not have disruptions to its operations.
Financial security
Unfortunately, any efficient organization can go bankrupt at any moment. The reason for this may be the economic crisis, the political situation in the country, tough competition with other firms.
Director's tasks - foresee all risks and prevent bankruptcy of the company.
What is responsible for and who obeys him
As mentioned above, the financial manager has influence on almost all departments of the company, because he plans all the activities of the company and can influence the activities of other structures.
But he has only an indirect influence on them, report directly to him: accounting department, chief accountant, finance department specialists and their manager. In the event of a temporary absence of the CEO, the financial manager of the company can take over his responsibilities.
Of the specific actions for which the director is responsible, one can single out following:
- Management of expenses and resources of the company.
- Providing infusion in the company cash flows, for example, credit or investment finance.
- Planning taxation and repayment of all debts of the company.
- Establishing current financial policies.
- Development of measures to increase the profit and efficiency of the company.
- Financial risk assessment.
- Preparation of financial statements, document management.
- Search necessary informationassociated with funds, providing it to all interested parties.
- Management of subordinate departments: finance and accounting department.
- Establishing a relationship with the top management of the company.
- Information systems management.
- Management of recruitment and dismissal of personnel, it is possible to conduct trainings and training.
Thus, the sphere of activity of the CFO is very extensive, and in some force majeure situations, several more functions may be included in his field of activity, for example, public relations, management of the PR department.
Modern requirements and the cost of a specialist.
To become a financial manager, you must obtain higher education in one of the specialties: "Banking", "Enterprise Economics", "Finance and Credit", "Financial Management".
Most firms and companies also need significant work experience, from about 3 years of experience, so you need to start with the position of an employee of the financial department, accountant, economist, in the future it will be possible to move up career ladder and get the position of Assistant Financial Manager.
In addition, the applicant for this position will be nominated the following requirements:
- Confident computer skills at an advanced level, knowledge of office programs and the ability to use 1C.
- Knowledge of the structure of the company, the specifics of doing business.
- Experience in accounting and tax reporting.
- Knowledge of tax laws and rules, knowledge of regulatory documents.
- High level of English language.
- Ability to negotiate with clients, prepare presentations and conduct meetings.
Salaries can vary greatly for different firms and different regions of the country, it also has a great influence seniority... For example, in Moscow and St. Petersburg, an employee can receive about 200,000 rubles, and in the provinces - 100,000 rubles.
As you can see from the tables, the spread in the cost of specialists is quite large, in order to earn as much as possible, it is important to have a long work experience, some additional skills will also be useful, for example, experience in building a company from scratch, experience in running an independent business, additional qualification courses.
When performing his official duties, the financial director has the right:
- Personally hire and dismiss employees under his control, develop a system of incentives and fines, report to the superiors about the professional success or mistakes of specialists.
- Require the necessary documentation and information from other structures of the enterprise.
- Develop and propose to the management activities related to increasing the efficiency of the enterprise.
- Participate in any accounting reporting documentation, and at any time be able to request the necessary papers.
- Inform the bosses about the violation of the work norms of their employees, demand improvements in working conditions and organizational processes.
- Sign financial documents.
- Control the workflow associated with the planning and organization of the enterprise.
In addition to the above, under appropriate working conditions, the financial director may be provided with a personal vehicle, the opportunity to go on paid business trips.
The schedule and standardization of the working day are determined in accordance with the internal regulations of the company. In the job description, sometimes a separate item is highlighted "Right to sign": the finance director is given the right to sign documents related to organizational and administrative issues directly related to finance.
Financial Director - one of the most important persons of the company, therefore, he has a great responsibility, including for:
- Failure to fulfill their duties or poor performance.
- Exceeding their powers, using them for personal purposes.
- False information about company finances.
- Failure to comply with safety regulations, violation of the work schedule of their subordinates.
For failure to fulfill his duties, the financial director can be brought to administrative, material or criminal liability.
The success of the work is assessed by the amount of profit of the organization controlled by the general director, by conducting special certification commissions, verification financial documents.
The role of the CFO in the company is described in the video.
Sample job description and resume
The job description indicates the powers, rights and responsibilities, as well as the skills necessary for the job. In addition, it is indicated that a candidate for a position of this kind must know:
- The basics civil law.
- Basics of production technology.
- The structure of the enterprise and features of its work.
- Modern trends in information processing and accounting and financial reporting.
- Labor protection rules.
- Methods for analyzing the work of the enterprise and measures to improve work efficiency.
- Worldwide experience in financial management.
The applicant has the right to familiarize himself with his job description and receive all the necessary explanations for each item, as well as agree on making changes in case of disagreement.
For a successful interview, the candidate must indicate as much detail as possible about your professional skills: level of education, specialty, work experience in previous companies, experience in conducting own business, all continuing education courses, the level of English, the level of computer proficiency and your business communication skills.
If there was no work experience before, you can indicate your personal qualities: communication skills, stress resistance, competence in financial matters, the ability to make decisions in a difficult situation. These skills can make a job seeker stand out from other candidates and help you land a CFO position.
In this lecture, you can find the answer to the question - how to become a financial director.
CFO - one of the top executives of the company, responsible for managing the financial flows of the business, for financial planning and reporting. Determines the financial policy of the organization, develops and implements measures to ensure its financial stability.
Leads the work on financial management based on the strategic goals and development prospects of the organization, on the determination of funding sources, taking into account market conditions.
The CFO reports directly to the CEO.
Responsibilities of the CFO
Main job responsibilities of the CFO:
Management of financial flows of the enterprise;
Controlling costs and ensuring efficient use of resources;
Controlling income and providing the company with finances (including credit);
Tax planning;
Formation and strategic planning financial policy of the company;
Security economic security
Analysis and reduction of possible financial risks;
Control over the conduct of the enterprise in accordance with applicable law;
Financial and economic analysis of the company's transactions;
Preparation of financial statements;
Management of a team of financial and accounting services.
CFO rights
The financial director has the right:
represent the interests of the enterprise in relations with credit institutions, insurance and investment companies, tax authorities, other bodies and organizations on financial issues;
to establish official duties for subordinate employees;
request from the structural divisions of the enterprise information and documents necessary for the performance of his official duties;
submit for consideration by the head of the enterprise:
representation:
On the appointment, relocation and dismissal of subordinate employees;
On the encouragement of distinguished workers.
proposals on bringing to disciplinary and material responsibility violators of production, labor and financial discipline;
make proposals to the head of the enterprise on bringing officials to financial and disciplinary responsibility based on the results of financial audits;
participate in the preparation of draft orders, instructions, instructions, as well as estimates, contracts and other documents related to the solution of financial issues;
interact with the heads of all structural divisions on the financial and economic activities of the enterprise;
give the heads of structural units of the enterprise instructions on the proper organization and conduct of financial work;
sign financial documents;
endorse all documents related to the financial and economic activities of the enterprise (plans, forecast balances, reports, etc.);
independently carry out correspondence with the structural divisions of the enterprise, as well as with third-party organizations, tax authorities, government and local authorities on financial issues;
to get acquainted with the documents defining his rights and obligations in the position held, the criteria for assessing the quality of the performance of official duties;
submit for the management's consideration proposals for improving the work related to the responsibilities provided for in this instruction;
demand from the management of the enterprise to provide organizational and technical conditions and the execution of the established documents necessary for the performance of official duties.
CFO responsibility
The CFO is responsible for:
for improper performance or non-performance of their official duties provided for by this job description - within the limits established by the current labor legislation of the Russian Federation;
for offenses committed in the course of their activities - within the limits established by the current administrative, criminal and civil legislation of the Russian Federation;
for causing material damage to the enterprise - within the limits established by the current labor legislation of the Russian Federation.
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Job description CFO developed based on Qualification handbook posts. The instruction discloses the main job responsibilities of the CFO, his rights and responsibilities, as well as qualification requirements.
The proposed standard job description of a financial director can serve as the basis for the development of a job description containing a more specific list of job responsibilities of a financial director, taking into account the characteristics of the enterprise, organization of production, labor and management, as well as the rights and responsibilities of the financial director. If necessary, responsibilities can be distributed among several performers.
The duties of the CFO depend on the specifics of the company's activities and on the tasks assigned to the CFO. The CFO must not only be well versed in financial matters, but also have leadership and organizational skills, as well as the ability to think strategically. The functions of a modern CFO are much broader than managing financial flows.
A job description that clearly articulates the role of the CFO helps to ensure the continuity of finance and the continuity of responsibilities. The requirements specified in the job description accelerate the process of introducing a new employee.
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CFO Job Description
APPROVED
General director
Surname I.O. ________________
"________" _____________ ____
1. General Provisions
1.1. The CFO belongs to the category of managers.
1.2. The CFO is appointed and dismissed by the order of the CEO of the company.
1.3. The CFO reports directly to the CEO.
1.4. The chief accountant, managers and specialists of the accounting department, managers and specialists of the financial department are subordinate to the financial director.
1.5. During the absence of the financial director, his rights and obligations are transferred to another official, which is announced in the order for the company.
1.6. A person who meets the following requirements is appointed to the position of the CFO: professional education (financial, economic) and work experience in the specialty in the field of organizing financial activities for at least 5 years.
1.7. The CFO should know:
legislative and other normative legal acts regulating the financial and economic and production and economic activities of the organization;
normative and methodological documents on the organization of accounting and financial management;
foundations of civil law;
financial, tax and business legislation;
codes of ethics for the professional accountant and corporate governance;
methods for analyzing and evaluating the effectiveness of the organization's financial activities, analyzing financial markets, calculating and minimizing financial risks;
the procedure for concluding and executing business and financial contracts;
the procedure and forms of financial settlements;
organization of financial work, budgeting;
planning methods and procedures financial indicators;
the procedure for drawing up financial plans, forecast balances, cash budgets, profit and loss budgets;
the procedure for long-term and short-term lending, attracting investments and borrowed funds,
procedure for using own funds, issuing and purchasing securities, allocating financial resources,
principles and procedure for calculating taxes, tax rF system,
order of conduct audits;
accounting, tax, statistical and management accounting;
principles of financial control;
basics of production technology;
economy, organization of production, labor and management;
modern reference and information systems in the field of accounting and financial management;
rules for storing financial documents and protecting information;
advanced domestic and overseas experience organization of accounting and financial management;
labor legislation;
labor protection rules.
1.8. The CFO is guided in his activities by:
RF legislative acts;
Company Charter, Internal Labor Regulations, and others regulations companies;
Orders and orders of the management;
This job description.
2. Job responsibilities of the CFO
The CFO has the following job responsibilities:
2.1. Determines the financial policy of the company, develops and implements measures to ensure its financial stability.
2.2. Leads the work on financial management based on the strategic goals and development prospects of the company, on determining the sources of financing, taking into account the market conditions.
2.3. Analyzes and evaluates financial risks, develops measures to minimize them, ensures control over the observance of financial discipline, timely and complete fulfillment of contractual obligations and the receipt of income, the procedure for processing financial and business transactions with suppliers, customers, credit institutions, as well as operations of foreign economic activity.
2.4. Leads the work on the formation of the company's tax policy, tax planning and optimization of taxation, improvement of accounting policy, on the preparation and conduct of the issue of securities, analysis and assessment of the investment attractiveness of projects and the feasibility of investing, regulation of the ratio of equity and debt capital.
2.5. Interacts with credit institutions on issues of placing temporarily free funds, conducting transactions with securities, obtaining loans.
2.6. Supervises the preparation of long-term and current financial plans and budgets of funds, brings the indicators of the approved system of budgets and the tasks arising from it, limits and standards to the divisions of the organization, and ensures control over their implementation.
2.7. Participates in the development of draft plans for the sale of products (works, services), costs of production and sale of products (works, services), prepares proposals to increase the profitability of production, reduce production and distribution costs.
2.8. Carries out control over the state, movement and targeted use of financial resources, the results of financial and economic activities, the fulfillment of tax obligations.
2.9. Takes measures to ensure the solvency and increase the company's profits, the effectiveness of financial and investment projects, rational structure of assets.
2.10. Organizes development information system financial management in accordance with the requirements of accounting, tax, statistical and management accounting, control over the accuracy and confidentiality of information.
2.11. Ensures that the necessary financial information is provided to internal and external users.
