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They play a critical role in helping companies make informed financial decisions and allocate resources effectively. FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financialanalysis, modeling, and strategic planning.
As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. She adds that impeccable financialanalysis is key as effective communication and relationship-building skills foster an innovative and inclusive culture.
They must make decisions with the utmost accuracy and integrity to ensure compliance with banking regulations and protect the financial institution from costly legal or financial repercussions. Understanding of financial regulations and laws. Strong critical thinking and problem-solving capabilities.
To fulfil these requirements, soft skills such as stakeholder management, relationship building, emotional intelligence, problemsolving and communication are crucial for finance professionals in 2021 alongside core technical capabilities such as financial planning, modelling and data analysis. .
These degree programs include coursework that helps students develop analytical skills and learn financialanalysis methods and software. CFOs identify financial strategies, delegate tasks to their team, inspire them to ,, achieve goals efficiently and maintain honesty and integrity in managing an organization's finances.
WD: As a CFO — besides traditional finance tasks such as bookkeeping, reporting and compliance — I am also responsible for optimising the company’s financial performance and driving the direction and success of the organisation by using financial knowledge and understanding of the company's business model while managing risks with all stakeholders.
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