Financial Officer Salary
A Financial Officer earns an average salary of $54,119 per year. The skills that increase pay for this job the most are Budgeting, Financial Reporting, and Financial Analysis. For the first five to ten years in this position, salary increases steeply, but any additional experience does not have a big effect on pay.
Job Description for Financial Officer
A financial officer is a crucial position when it comes to finances and proper investing. Depending on the setting, you will be responsible for advising an individual or company on how to allocate their resources in investments, expenditures, and other details involved in financials decisions. You will also be responsible for the creation of budgets and the accounting of a company. With those financial decisions, you will be required to create reports, charts, and other documents to display how your financial planning is being instituted and executed.Read More...
There are certain requirements for the job. The primary one is experience in accounting, financial advising, and planning. You should also be able to work well in teams, as most things are done in a team setting. As for education requirements, a bachelor's degree is usually required. An advanced degree in business is preferred, but it is not a requirement for all jobs. Finally, you should be familiar with certain computer programs required for accounting, in addition to Microsoft Office.
The job and responsibilities of a financial officer can widely vary, depending on the situation that you are in. You may be required to travel for your job. You may have to work overtime hours in order to coordinate with clients. However, for the right person who has the right experience, a financial officer position can be a rewarding, great career.
Financial Officer Tasks
- Coordinate financial record-keeping and oversee the development of yearly budgets.
- Provide financial guidance and management expertise related to company operations and financial strategy
- Supervise investment strategies, direct financial resources, and manage company assets.
- Ensure that accounting, budget and audit controls and systems are in compliance with State, Federal and local rules and regulations.
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Pay by Experience Level for Financial Officer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
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