In this key relationship, it is important that disagreements and challenges are discussed in private and that publicly, the CEO and FD present a united front.
This skill is an ability to build loyalty yet at the same time an ability to challenge. Quoted companies, in particular, rely on finance directors more than anyone else to be their moral compass. They have to grasp opportunities, and significantly, they must have the courage to plan for growth whilst ensuring the accounting fundamentals are delivered.
FDs will, of course, make mistakes and in many respects, when an FD drops the ball, the consequences can be more serious. That said, a financial director needs to experience some scars as part of their development — anyone can manage when the numbers are heading in the right direction.
The role of an FD can be lonely, as they are expected to know all the answers. They are relentless in their pursuit of ways to make the business operate more efficiently and effectively. The world of finance is filled with rigid deadlines. Not only do the best people in finance meet those deadlines as a matter of routine; they are able to set priorities and create action plans that make sense for all parties involved.
They are true multitaskers. A mindset that is solution-focused, rather than problem-focused, is one of the qualities that all of the top financial minds possess. The best people in finance move seamlessly between leadership roles — from setting a positive example, to directing activities, and ultimately being available as a resource for their reports. At least informally, they don an operational hat and create scalable structures to realize, and not just report value.
Ultimately, the best people in finance are strong communicators, who can offer their insights and analysis in a solution-focused way. They have an ability to step out of the traditional boxes to which finance has often been consigned, and speak to the numbers in a way that makes sense to other members of their team and the company as a whole. The best understand that being a real leader means setting examples, being a resource for others, and bringing out the best in their team.
They see their world with a view towards continuous improvement, setting priorities, and revising processes in order to make them more efficient and in the end, unleash their potential. What are some of the traits you think define the top talent in finance and accounting? How successful financial controllers get promoted? Top tips for successful financial career management. Facebook Twitter Linkedin Instagram Youtube. Contact Us. Upload Your CV.
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