Skill Of A Successful CFO

09 JUN 2014

THE CHANGING ROLE OF CFO IN THE PUBLIC SECTOR

IPN-CPD CYEBERJAYA

 

Skill Of A Successful CFO
1.	Attributes	a.   Leader and Influencer ·        CFO must have the skill to influence the leader. ·        Ability to shape the outcome.
		b.   Track record of making sensible decisions. ·        Not only confine to financial decision but also as a business partner to your boss.
		c.   Ability to manage ethical dilemmas ·        Avoid silo mentality. ·        Reflect on how. ·        People perceive you.
		d.   Demonstrate a strong analytical ability.
		e.   Effective leader with excellent talent management skills. ·        Do not over sell yourself.
		f.     Superior communication skills.
		g.   Attuned to cultural difference across the geographical segments of the business.
		h.   Leading the finance function to support the strategic direction and operations of the organization.
		i.     Firm grasp of the operations of the organization. ·        If the leader is weak, people will not respect you. ·        Must be very good in financial model skill.
		j.     Think and act independently an efficiently. ·        When not in agreement with the boss, it’s best to have a heart to heart talk rather than doing it openly.
		k.    Manifest reliability and consistency in presenting information. ·        In terms of work and performance.
		l.     Trust worthy and honest.
		m.  Team player ·        Able to interact effectively. ·        CFO’s is a lot about relationship.
2.	Competencies: Operation management	·        Accounting and finance ·        Budgeting, forecasting and cost management. ·        Corporate governance and compliance. ·        Management information systems. ·        Merges and acquisitions and corporate finance. ·        Organization and administrative skills. ·        Right sourcing. ·        Performance management ·        Risk management ·        Taxation. ·        Treasury and asset management. ·        Current affair and market intelligence.
3.	Competencies: Tactical Management	·        Change management and insight. ·        Communication and presentation skill and executive presence. ·        Internal stakeholder’s relations. ·        Financial strategy (shareholder value) Ø Create value through the power of visualization. ·        Negotiation. ·        Possessing good knowledge and understanding of the business.
4.	Competencies: strategic management	·        Advocate/ambassador for the organization. ·        Vision and goal setting. ·        External stakeholder’s relations (investor, regulators suppliers and clients). ·        Relationship building and collaboration.