This is a true story as told to JustJobs Academy which houses career interviews and job search advice for professionals in any industry.Visit to read about how to get promoted by blogging the right way outside of work. I am a corporate financial officer (CFO) with a midsized manufacturing company. I’ve been with this company for nearly ten years, but I held the same position with a professional association for several years before moving to the manufacturing side of the same industry. The work I do consists of three distinct components, involving controller, treasury, and economic strategy responsibilities. The controller aspect consists mostly of reporting the company’s financial standing, essentially reporting the past. As CFO, I am the one who ultimately is responsible for the company’s financial statements. The treasury aspect of my position focuses on the present and includes investing the company’s cash in ways most advantageous for the company and its stakeholders, as well as determining what our capital structure will be and then maintaining it. Capital structure is the balance between cash, debt, equity and internal financing, and that has to be managed well to return the greatest stakeholder benefit. Finally, as CFO I also am responsible for establishing economic forecasting and strategy for the future, as they apply to my company’s business. There is one common misunderstanding about my type of responsibilities, which is the image of the “fat cat” businesses that is so common today. Since no one knows the future, we have to plan well for it. My colleagues and I strive to give our companies’ employees reasonable assurance of continued employment, not only because they count on their jobs to sustain them, but also because their employers also count on them to do what needs to be done. More than at any other time in memory, financial officers must be extremely cautious in their decisions and actions in today’s business environment. The work can be stressful, but on a one–to–ten scale for job satisfaction, I’m very nearly at a nine level. My job certainly would be easier with less economic uncertainty, but it still is gratifying. My work does indeed move my heart, particularly when I see it in light of my company’s stakeholders, especially employees. Balancing risk and stability always is a challenge.
March 23, 2012