What is the primary responsibility of a Chief Financial Officer (CFO)?

The primary responsibility of a Chief Financial Officer (CFO) revolves around overseeing the financial operations of a company. This includes creating budgets, which involves planning how the company will allocate its resources over a specific period, ensuring that financial goals are met, and expenses are controlled.

Additionally, analyzing financial data is a critical aspect of the CFO's role. This analysis helps inform strategic decisions, identify trends, forecast future financial performance, and ensure the company remains profitable. The CFO also plays a vital role in financial reporting and compliance, ensuring that all financial practices adhere to legal standards and regulations.

In contrast, the other roles mentioned, such as overseeing company security, developing marketing strategies, and managing employee relations, fall outside the typical scope of a CFO's responsibilities. These functions are typically handled by other executives or departments within a company specifically focused on security, marketing, or human resources.