The difference between financial managers and chief financial officers

1. They have different responsibilities, and the chief financial officer is the superior of the financial manager. The chief financial officer should participate in the analysis, demonstration and decision-making of the company's large-scale investment projects, and the financial manager is mainly responsible for the internal affairs of the department.

2. The requirements of the two are different, and the requirements for the chief financial officer are higher. If the company is large in scale and has many departments, set up the position of chief financial officer, and then set up the financial manager below; If the company is small, it is enough to have a financial manager.

3. Their salaries are different. In the same company, the salary of the chief financial officer is higher than that of the financial manager.

Extended data:

Responsibilities of the financial manager:

1, fully responsible for the daily management of the finance department;

2, organize the formulation of financial management system and related regulations, and supervise the implementation;

3. Formulate, maintain and improve the company's financial management procedures and policies, and formulate annual and quarterly financial plans;

4 responsible for the preparation and implementation of financial budget reports, monthly, quarterly and annual financial reports;

5. Responsible for the company's overall fund allocation, cost accounting, accounting and analysis;

6, responsible for the management of funds and assets;

7. Monitor major economic activities that may cause economic losses to the company;

8. Manage relations with banks and other institutions;

9. Assist the CFO to communicate and coordinate with the finance department inside and outside;

10, complete other daily work assigned by superiors.

Competency requirements of CFO:

1. Have comprehensive theoretical knowledge of accounting specialty and modern enterprise management knowledge, and be familiar with financial laws, regulations and systems;

2. Familiar with financial laws and regulations, investment, import and export trade, corporate financial systems and processes;

3. Participated in the analysis, demonstration and decision-making of large investment projects;

4. Familiar with tax policy, business analysis, cost control and cost accounting;

5. Rich experience in financial management, fund planning, financing and capital operation;

6. Good oral and written communication skills.

References:

Baidu Encyclopedia-Financial Manager

Baidu encyclopedia-chief financial officer (CFO)