CFO, business manager

What does a CFO in an operational role do? – Tasks and work environment

A CFO in an operational role is responsible for leading and developing the finance function directly connected to the core processes of the organization. Tasks include budgeting, forecasting, financial follow-up and analysis, as well as supporting management in business decisions. The role involves close collaboration with other managers and departments to ensure that financial goals and strategies are implemented effectively. It often includes responsibility for team members within the finance department and driving improvement projects. The work environment is usually office-based, characterized by a high pace, demands for accuracy, and the ability to handle complex issues.

Salary development over time

The salary level for CFOs in operational roles has shown a clear upward trend over the past three years. In 2022, the average salary was 66,300 SEK, followed by an increase to 67 900 SEK in 2023. The largest increase occurred in 2024, where the average salary now amounts to 71,700 SEK, representing an increase of nearly 8.2% from 2022 to 2024. The salary increase can be explained by increased demand for qualified CFOs, especially in connection with digitalization and requirements for analytical skills in financial management. The market has also been influenced by competition for experienced candidates and generally high workload, which drives salaries further. Regional and sector differences exist, but the overall trend is clearly positive for the profession.

CFO in a operational role salary – complete overview

• Average salary: 50 300 SEK/month
• Lowest salary: 53,700 SEK (female, private sector employee, education less than 3 years)
• Highest salary: 92,200 SEK (male, private sector employee, education 3 years or more)
• Hourly wage: 303 SEK
• Gender differences: Women earn 89% of what men do (men: 54 000 SEK, women: 48 100 SEK)
• Regional differences: Data varies depending on location and sector

Education and qualifications

To work as a CFO in an operational role, a higher academic degree in economics is usually required, often supplemented with work experience in accounting, controlling, or similar. Employers also value specialized courses in leadership, project management, and financial control. Practical experience from similar roles and the ability to navigate complex business processes are essential for success in the profession.

• Formal degree: Economics program, bachelor's or master's (3–5 years)
• Certifications: Examples include Authorized Accountant or Controller certification
• Internship/Trainee: Often completed during studies, providing valuable contacts
• Leadership training: Courses in personnel management and project control are recommended
• Prerequisites: High school diploma with a focus on economics, and relevant work experience

Common benefits and compensations

CFOs in operational roles are often offered competitive benefits beyond base salary, such as pension schemes, bonus programs, wellness allowances, and flexible working hours. Additionally, company cars, further training, and insurance solutions may be included depending on the employer and sector.

Competition and challenges

The competition for positions as CFO in operational roles is generally high, especially in larger cities and attractive industries. The demand for qualified candidates remains strong, giving experienced finance professionals with leadership potential good chances to establish themselves. Challenges mainly involve staying updated on changing regulations, digitalization, and business acumen. The role also entails significant responsibility for financial decisions and managing both strategic and operational issues simultaneously.

Tips for those who want to become a CFO in an operational role

To succeed as a CFO in an operational role, it is beneficial to combine analytical sharpness with strong communication skills, as the role requires both deep financial understanding and the ability to explain complex relationships to others. Demonstrating leadership through project management and supporting teams in change processes provides a clear competitive advantage. Flexibility and problem-solving skills are important when unexpected financial challenges arise, and initiative to suggest improvements is appreciated by employers. Seeking mentorship or networking within the industry often provides valuable insights and opens doors to new opportunities. Finally, continuously developing digital tool and system skills is crucial, as technology rapidly changes the CFO's daily work.

Key facts about CFO in an operational role

• Education level: University degree in economics (3–5 years)
• Work environment: Office-based, often with a high pace and many contacts
• Typical work arrangement: Full-time, sometimes with remote work options
• Demand: High – 758 available jobs in Sweden right now
• Special skills: Financial management, leadership, digitalization

Career paths and future prospects

After three to five years as a CFO in an operational role, opportunities arise to advance to roles such as finance director, CFO, or specialist within group accounting and business development. According to the Swedish Public Employment Service, the outlook is strong, with continued high demand for CFOs with experience in change management and digital transformation. Switching to consulting or interim solutions is also common for those seeking variety and breadth. For those wishing to specialize, options include sustainability reporting, risk management, or project control.

Frequently asked questions about CFO in an operational role

• What does a CFO in a operational role earn?
  - The average salary is 50 300 SEK per month, but it varies depending on experience, education, and sector.
• What education is required to become a CFO in an operational role?
  - Usually, a university degree in economics is required, often supplemented with leadership training and experience.
• Are there gender differences in salary?
  - Yes, women earn on average 89% of what men do within the profession.
• What does the job market look like?
  - Demand is high with 758 available jobs in the profession according to current statistics.
• What are the responsibilities of a CFO in an operational role?
  - Budgeting, financial analysis, leadership, change management, and supporting management.
• What career paths are available?
  - Opportunities to advance to CFO, finance director, or specialist roles within finance and business development.
• What benefits are common?
  - Pension schemes, bonuses, wellness allowances, company cars, and opportunities for further education are common.