CFO (Chief Financial Officer) is the person responsible for all financial activities of a business. For those who work in finance, the CFO is the pinnacle of their career progression.
According to Navigos Search experts, a successful CFO features a myriad of skills. When recruiting CFOs, businesses often prioritize good candidates with many skills. What skills are those? Let's join Navigos Search to find the answer through the following article.
1. Accounting skills
Accounting and finance are always two closely related issues. They all work with numbers and deal with the business's financial activities. Therefore, to conquer the CFO recruiter, you must have accounting skills to complete the assigned work smoothly.
Excellent accounting skills also help the CFO read and understand the numbers in financial and accounting reports and take in the business financial situation.
You must have accounting skills to conquer CFO recruiters
2. Long-term goal setting and directional skills
To become a Chief Financial Officer (CFO), you must have a long-term vision and the ability to predict risks and recognize future opportunities in business finance. The CFO must not only know how to build a capital orientation and issues related to the business financial transparency but also map out the direction for the staff and predict potential risks to prepare appropriate hedging plans. All aim at the goal of making the most of the common capital of the business.
Talented Chief Financial Officers will not be wavered and dominated for immediate benefits. On the contrary, they are always ready to accept challenges and confront difficulties to develop their career sustainably.
3. Job handling skills
The higher the position is, the higher the ethical standards set. CFOs carry significant responsibilities and obligations on their shoulders for the survival and operation of a strong business. Therefore, to firmly sit in the position of CFO, you must use your analytical, rational, and intuitive abilities to complete the job effectively.
The role of the CFO in business is to handle cash flow, manage capital and investment resources, and plan for investment. Therefore, the CFO recruiter often requires the candidate to be able to distribute profits anh determine the capital structure. All actions must ensure the business has a high growth rate and achieve sustainable development.
4. Communication skills
The CFO is the person who makes the decisions that are vital to the business, so good communication skills play a significant role. Without communication skills, the CFO can misrepresent the financial message, leading to unintended consequences by subsequent board decisions and causing unfortunate mistakes. Therefore, to increase the chance to catch the eye of the CFO recruiter, you must have excellent communication skills.
When the business thrives, the integration needs will be higher. Therefore, communication skills become increasingly important to you and your business. Good communication skills help the CFO expand and build relationships to bring about profitable working relationships for the business.
Good communication skills make it easy to conquer CFO recruiters
5. Good improvisation skills
Improvisation skills are vital for the CFO to respond to situations promptly and accurately to market changes. Good improvisation will help CFOs predict and anticipate the risks the business may face. From there, they can come up with the most effective solution for businesses, avoiding financial losses and other unfortunate consequences that may occur.
During the CFO interview process, the recruiter will bring up unexpected situations and ask you to solve them. Good improvisation skills will help you make an impression on the recruiter in this question.
6. Ability to work well under pressure
As the person holding finance, operating, managing professional knowledge arising in the enterprise, and managing subordinate staff, the work pressure of a CFO will be many times higher than that of an ordinary employee. This requires the CFO to have a cool head and the ability to work in a high-pressure environment.
In addition to the ability to work well under pressure stated in your CV, you must show that ability through the interview and the probationary process to get the employee's attention. You can tell the employer how you handle previous high-pressure situations successfully. Employers will appreciate actual actions rather than words.
CFO recruiters require candidates to work well under pressure
7. Management skills
To run the activities of the finance and accounting department according to the plan, the CFO must have management skills. The CFO needs to become an example for the junior staff to follow in terms of discipline, seriousness in work, patience with the goal, and ability to complete tasks on schedule. All of this will help the CFO to build trust in subordinates. The scientific management organization will also help them assign and delegate tasks to subordinates effectively.
8. Motivational skills
As a leader working in a high-pressure data environment, the CFO needs to build a trust in relationship with his/her employees so that they feel comfortable sharing information with him/her and vice versa. Let's set up weekly and monthly team meetings to hear your employees speak more. When communicating, the CFO lets employees know they're crucial by always listening to their ideas.
Besides, the CFO also needs to advise, encourage, and take an interest in the lives of the staff to boost morale and make them feel that they’re important to the business. A positive workplace will create happy and motivated employees.
Multitudinous CFO recruiters look for candidates with motivational skills
Do you have all eight skills above? You can't obtain these skills overnight, but it takes time to hone, learn and gain more experience. Therefore, if you want to conquer the CFO recruiter, you must always strive to improve and train yourself. Navigos Search wishes you success.
Navigos Search is the number 1 recruitment agency for middle and high-level personnel in Vietnam today. We are ready to assist you to recruit a talented CFO for your business at any time. You can contact us as per the information below:
- HCM Headquarters: 20th Floor, E.town Central Building, 11 Doan Van Bo, Ward 13, District 4
- Hanoi Branch: V. Building - 125 Ba Trieu street, Hai Ba Trung District
- Hotline: 1800 585 826
- Email: contact@navigossearch.com
- Website: navigossearch.com
- Fanpage: facebook.com/NavigosSearchVietnam
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