The roles of Deputy CFO and CFO are often confused due to their similar titles, but the positions actually have very distinct responsibilities. A Deputy Chief Financial Officer (Deputy CFO) is someone who assists the Chief Financial Officer (CFO) in managing the overall financial operations of an organization. Their job includes helping develop and implement financial strategies, overseeing the budgeting process and creating financial reports. The Deputy CFO also takes part in planning for the future, ensuring financial compliance and forecasting any potential risks.

On the other hand, the CFO’s role is more focused on the big-picture strategies of the organization. This means they must manage high-level decision making and provide financial guidance. They also supervise staff, consult with top management, develop relationships with external stakeholders, and maintain long-term goals to ensure strong financial performance. Ultimately, a CFO’s role is to ensure the organization’s financial stability and success.