CFO Jobs in Chicago, Illinois: Salary Overview and Job Description

Chief Financial Officers (CFOs) play a critical role in leading financial strategy and driving business growth. Chicago, Illinois, is a hub for CFOs, with numerous job opportunities available in various industries. This article provides an overview of CFO jobs in Chicago, including salary ranges, job descriptions, and industry-specific requirements.

Salary Overview: CFO Jobs in Chicago

CFO (Small-sized companies): $150,000 – $200,000 

CFO (Medium-sized companies): $200,000 – $280,000 

CFO (Large-sized companies): $280,000 – $380,000 

CFO (Publicly traded companies): $300,000 – $500,000 

CFO (Private equity-backed companies): $250,000 – $400,000 

Job Description: CFO

Key Responsibilities:

1. Financial Strategy: Develop and implement financial strategies.
2. Financial Planning: Lead financial planning and budgeting.
3. Risk Management: Identify and mitigate financial risks.
4. Investor Relations: Manage investor relationships.
5. Financial Reporting: Oversee financial reporting and compliance.
6. Team Management: Lead and manage finance teams.
7. Mergers and Acquisitions: Evaluate and execute M&A opportunities.
8. Strategic Planning: Develop and implement strategic plans.

Requirements:

1. Education: Bachelor’s degree in Finance, Accounting, or related field; MBA or CPA preferred.
2. Experience: Minimum 10-15 years of finance experience.
3. Language Skills: Fluency in English.
4. Technical Skills: Proficiency in financial software, such as Excel, Financial Modeling, or SAP.
5. Soft Skills: Strong leadership, communication, and problem-solving abilities.

Industry-Specific Requirements:

1. Public Accounting: Experience with auditing and financial statement preparation.
2. Corporate Finance: Knowledge of financial planning and analysis.
3. Private Equity: Understanding of private equity investments and exits.
4. Real Estate: Familiarity with real estate finance and development.

Career Path and Progression:

1. Financial Analyst: Financial Manager
2. Financial Manager: Director of Finance
3. Director of Finance: CFO
4. CFO: CEO or COO

Challenges and Opportunities:

1. Regulatory Complexity: Navigate complex regulatory environment.
2. Economic Volatility: Manage financial risks amidst economic uncertainty.
3. Growth Opportunities: Identify emerging opportunities in finance.
4. Talent Development: Attract and retain top finance talent.

Job Opportunities in Chicago:

1. Deloitte
2. Ernst & Young
3. KPMG
4. PricewaterhouseCoopers
5. RSM
6. BDO
7. Grant Thornton
8. Crowe Horwath
9. Baker Tilly
10. Plante Moran

Top Job Titles in Chicago:

1. CFO
2. Chief Financial Officer
3. Financial Director
4. Finance Vice President
5. Treasurer
6. Controller
7. Financial Planning and Analysis Manager
8. Risk Management Manager
9. Investor Relations Manager
10. Mergers and Acquisitions Manager

Skills Required:

1. Financial strategy and planning
2. Financial reporting and compliance
3. Risk management
4. Investor relations
5. Team management
6. Mergers and acquisitions
7. Strategic planning
8. Communication and interpersonal skills
9. Analytical and problem-solving skills
10. Technical skills in financial software

Average Salary Growth Rate: 8-10% per annum

Job Satisfaction Rate: 8.5/10

Conclusion:

CFO jobs in Chicago offer challenging and rewarding career opportunities. With competitive salaries and growing demand, Chicago is an attractive destination for finance professionals.

If you are looking for suitable job, please upload your CV or apply here: www.finjobhub.com