Skills a CFO Must Have
A Chief Financial Officer is the one person who takes up the responsibility of a company’s finances and functions. It is a dream job for almost everyone. Being a CFO of a accounting company in Dubai is a dream for almost all MBAs.
From Manager to being a top executive, an accounts professional has to learn and grasp a lot of things in order to reach the top. While the transition can take a lot of time, it is important that we know the five important traits the management looks for in a potential CFO.
A CFO of a company needs to be highly skilled in order to take important financial decisions. Here are the five important traits that a CFO needs to have so he or she can do proper justice to the role.
- Analytical Pros
The role of the CFO is highly transactional. They need to be analytical at their core. This will help in taking the right decision and effective business partnering.
- Should be able to manage risk
Each and every business has risks and the rate at which these risks increase is unprecedented. Therefore, the CFO needs to be skilled enough to management risks and processes. The CFO needs to work along with the CEO and find different ways in which these risks can be handled.
- They need to adapt to new technology
As a top executive, a CFO needs to study different business model and has to identify what is best for the organization’s growth. CFOs need to be very quick to adopt the latest technology to bring innovation and to manage risk better.
- They need to master the art of managing people
As a CFO, the executive need to use technical skills for their business, in order to influence people and to be able to handle change effectively.
- Decision making capability
As a CFO, the person need to represent the company and strive for its growth. The CFO is responsible for taking the right decisions that are politically correct and also favor the business.