Add your resume and apply to jobs with your Glassdoor profile. Create Profile. Job. The Chief Financial Officer is a member and officer of the board. Typically, the CFO is responsible for directly paying bills and invoices and managing bank accounts, loans, and credit cards. CFO responsibility lies more in overseeing the University's financial transactions, reports, and overall financial health.. The Chief Financial Officer duties changes by the institution and should be outlined in the board's job description for the position. In general, the CFO or Senior Vice President of Finance helps the board to establish budgeting priorities that correspond to strategic planning goals and objectives. The CFO is a financial expert who helps the trustees to analyze and understand financial reports in order to assist them in decision-making. As all trustees have fiduciary responsibilities, the CFO helps the board to make sound decisions for allocating institutional resources. Duties and responsibilities embody establishing and observance internal controls consistent with approved procedures for process money transactions.. As a part of their responsibility for oversight, treasurers often review money records to make sure that money transactions area unit being recorded accurately and on a timely basis.. Working in tandem with the board secretary, the Chief Financial Officer ensures compliance with applicable laws and regulations, as well as the organization's policies and procedures.