Definition

Noun: A person holding an office of authority or trust within an organization, specifically charged with the responsibility of receiving and managing the inflow of money (funds) and making payments or distributing the outflow of money (funds).

Usage

This term refers to a specific corporate or organizational role. It is a formal title for an executive responsible for treasury and cash management functions.

Examples: * The financial officer presented the annual cash flow report to the board. * All departmental budgets require approval from the financial officer. * As the financial officer, her primary duty is to ensure the company has sufficient liquidity.

Advanced Usage

• The term often implies a senior position, such as a Chief Financial Officer (CFO), but can also apply to other officers like a Treasurer whose core function is fund management.
• In some contexts, especially historical or governmental, it can refer to an official responsible for public funds.

Variants and Related Words

• Chief Financial Officer (CFO): A senior executive with overall responsibility for managing the financial actions of a company, a broader role than a financial officer focused on funds.
• Treasurer: A specific title for an officer responsible for the custody and management of an organization's funds and assets; often synonymous with financial officer.
• Comptroller: A senior financial officer who oversees accounting and audit functions, which includes aspects of receiving and disbursing funds.

Synonyms

• Treasurer
• Fiscal officer
• Money manager (in a specific organizational context)

Related Phrases

• To be charged with: This is the formal language used in the definition, meaning to be given a specific duty or responsibility.
  • The committee was charged with investigating the matter.

Noun

1. an officer charged with receiving and disbursing funds