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Embracing Flexibility in Leadership Roles: A Skill Every CFO Needs Flexibility isn’t about being indecisive or chaotic. Instead, it’s the ability to adapt to challenges, consider new perspectives, and adjust plans while keeping the bigger picture in mind. What Does Flexibility in Leadership Look Like?
Finance leadership is undoubtedly not a cakewalk, as it involves various roles for the organisation to grow and drive value. Every decision is crucial to the overall results and endpoint of each and every plan and initiative, that is why it is necessary that finance leaders have a clear view of the road they have to take.
Recognizing the need to enhance my managerial capabilities, I pursued a Postgraduate Diploma in Management, which equipped me with essential leadership skills. When facing professional challenges, my approach is centred around maintaining a problem-solving mindset and a proactive attitude.
Members’ Profile: Lutic Molo Mosoane In this edition of CFO Club Africa’s Members Spotlight, we are introducing Lutic Molo Mosoane, a visionary leader and finance expert with a passion for driving impactful change through financial innovation and strategic leadership. Leaders are others centered.
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. Share your favorite leadership lesson.
Understand Your Teams Starting Point Before planning for growth, its essential to know where your team currently stands. This understanding helps you identify training needs and create tailored development plans. Not only does this make your department more efficient, but it also builds problem-solving and leadership skills.
Critical Thinking: The CFO’s Secret Weapon in an Uncertain World South Africa’s economy is anything but predictable, with CFOs often finding themselves at the intersection of financial stewardship and strategic leadership. Develop scenario-based plans to navigate uncertainty with confidence.
By framing challenges as opportunities for growth and involvement, nonprofits can engage funders in problem-solving. Integrating Data into Strategic Planning Drew advises nonprofits to go beyond generic strategic planning goals and use data to set ambitious targets for addressing core issues in their field.
Fifth Third has focused on improving customer satisfaction and retention without losing sight of their tried-and-true historical approach to wealth management, by promoting a problem-solving culture that encompasses human interactions, software improvements, and investment strategy building. million in 2023, up from $516.6
She is driven to deepen her expertise in digitalization, AI, and machine learning , applying them to improve financial wellness and business efficiency and aims for international leadership roles that contribute to the economic development of Africa and values cross-disciplinary collaborations for impactful projects.
Being a first adopter Given the increasing relevance of technology in the Finance function, Law says she plans to be a first adopter to manage changes in her team. "AI
She says the familiarity with financial software systems and ERP tools is encouraged; and organisations will need to upskill finance professionals in emerging technologies like AI, data analytics, and blockchain to enhance their analytical and problem-solving skills.
Glaser credits Intel’s unique culture of “constructive confrontation,” where problems are openly addressed, as shaping her approach to problem-solving. She also stresses the importance of continuous learning, having rotated through various roles, which pushed her out of her comfort zone.
With fewer distractions and a refreshed mind, those early hours are perfect for planning, working on goals, or even getting in some exercise. I was drawn to the idea that strategic financial planning can drive success and growth, whether on a corporate or personal level. Waking up at 5 a.m.
Rowen’s career in finance and leadership has positioned him as an influential figure, serving in executive roles across various sectors, including transportation, investment, and industrial management. Although hired as a Financial Manager, I found myself knee-deep in operations, problem-solving, and finding better ways to work.
Or so Partin tells us as he recounts the circumstances surrounding the first of five CFO appointments that have thus far punctuated his finance leadership career. “I Or so Partin tells us as he recounts the circumstances surrounding the first of five CFO appointments that have thus far punctuated his finance leadership career. “I
The Coffee Bean & Tea Leaf ), says the appeal of the financial controller position lies in blending analytical depth with visionary leadership, overseeing financial strategies across sectors. Succeeding amid challenges “Success as a controller relies on an entrepreneurial mindset, analytical rigour, and adept leadership,” says Leonardo.
There are dozens of certifications for other jobs as well, such as business analytics , business processes , inbound marketing , and leadership. LinkedIn Learning is one of the most recognized, but there are many others with courses that can take your functional and leadership skills to the next level. Mentorship.
They should appear authentic, but if they get too honest about their distress, others may lose confidence in their leadership, known as the “ authenticity paradox.”. In turn, organizations risk decreases in productivity and performance and high turnover of leadership talent. Offer peer support groups.
For example, if you want to use your skills for problemsolving but don’t have the opportunity to work on increasingly complex problems, can you ask your manager for more complex work or to be part of the meetings where these issues are discussed?
The distinction is crucial in understanding how to approach problem-solving in an organization. While complicated problems can be solved with the right formulas or spreadsheets, complex problems require more. He also highlighted the need for a strong talent pipeline and succession planning.
In my role as Managing Director of Revenue & Growth, I spend a lot of time talking to executive finance leadership all over the world to get a better understanding of the challenges they're facing. They’re also learning how to problemsolve—if a play doesn’t go the way we planned, how can you switch it up in the moment to make it work?
The banking industry includes banks, investment banks, commercial banking, personal banking, hedge funds, financial planning, and private equity firms. Portfolio Managers are responsible for developing investment strategies, tracking markets, evaluating documents and figures, and creating customer investment plans. Investment Banker.
It’s a career that demands experience, intellectual agility, and razor-sharp problem-solving skills if you want to stay at the top. Aside from providing advice on insurance plans, life insurance agents also need to be well-informed about the different types of coverage available. Management and Leadership Skills.
The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. CFOs typically have a deep understanding of economic theory and practice and strong analytical and problem-solving skills. Financial Manager. According to the U.S.
With this in mind, 61% of Boards of Directors surveyed plan to improve digital dexterity – which is the ambition and ability to use technology for better business outcomes – across their organisation to improve and enhance digital performance. The CFO typically focuses on wearing the hat of an investor during digitalisation plans.
Nearly half of the finance workforce impacted by an unsuccessful transformation state they didn’t understand the leadership vision. This is not always easy for senior executives who have grown up mastering a technical subject and have been trained to show self-confidence and certainty when explaining plans and outcomes to stakeholders.
Yonhee is a Principal and the Chief Operating Officer of JMG Financial Group, an independent RIA based in Chicago, Illinois, that oversees nearly $5 billion in assets under management for close to 1,500 client households.
AL: At the end of the day, most executive leaders are problem solvers and I like the challenge that comes with facing a roadblock and finding a way around it. In finance, there isn’t necessarily the same room for creative problemsolving the way it might be for some other offices.
Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. Most virtual CFOs have extensive experience in financial planning, analysis, and strategy development. Frequently Asked Questions What do virtual CFOs do?
His significant role at Live Nation has been crucial in shaping the company's strategy and financial planning, thanks to his extensive experience in the entertainment industry and financial management. Manage cash flow and plan for financial needs. Identify investment and financial planning opportunities.
According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. What makes for a sought-after chief finance professional (CFO)? These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances.
He’s got a strong background in auditing, and he’s built a reputation for enhancing processes and problem-solving, we want to talk to him about that too. So I think bringing the small SME experience together with the big multinationals honed my skill set, especially on the processes, problem-solving and the strategy side.
The CFO role requires certain traits and skills, said Woranat Dumrongsiri (pictured), Country CFO, Deloitte Thailand and Deloitte Laos during an interview with FutureCFO for the publication’s Female Leadership in Finance Series. The experience of working in the US in particular enhanced my leadership skills and informed my working style.
Most are stuck doing the traditional one-year budget and five-year plan. This is a great framework to think about the FP&A processes and works well whether you’re taking-on a new FP&A role or want to move your FP&A department from ‘Reporting to Driving’ and get a seat at the leadership table in the business.
This isn’t always a priority for dedicated nonprofit professionals, who may spend more of their time focusing on the issue or cause their group is involved with, as well as programming, donor relations, and event planning decisions. However, financially-minded folks are crucial for a variety of reasons.
Certainly, there is no shortage of problem-solving exercises along any CFO’s path, but he had already told us that his career track had likely been different from that of other CFOs—and we had sensed that the “something” to which he had been referring had not yet been disclosed to us.
The idea was born following a conversation I had with a fellow CFO who was having difficulties within her own organisation and was seeking advice to help overcome hurdles with the executive leadership team. While greater female visibility in leadership roles is undoubtedly a positive, a top-down approach alone won’t work in the end.
She’s currently studying towards her MBA through Regenesys, she has completed the Municipal Minimum Competency Levels Training Programme at the School of Public Leadership at the University of Stellenbosch and she holds a BCom Honours degree in business management through Unisa. What are the biggest challenges that you face every day?
It provides an effective way to organize, plan, and manage resources within the nonprofit structure. This can help with internal communication, problem-solving, conflict resolution, and growth acceleration. Helps increase organization-wide productivity and performance.
Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence. As technology crunches the growing volumes of data, soft skills like critical thinking, problem-solving, and communication will become crucial for Finance to succeed. #1
This list should encompass both quick wins, such as automating invoice processing to improve cash flow management, and long-term objectives, like integrating AI-driven analytics for more accurate financial forecasting and strategic planning. Fostering Commitment to Change True leadership is shown by example.
A couple things actually, number one, that we’ve alluded to transition in leadership. Um, another thing I would definitely say to leadership is with the time issue, um, if your finance department isn’t getting things to you timely, why not? So there’s always something that requires some sort of re-engineering.
And for me, it was a lot of energy that I could observe, even on The Andy Griffith Show, around this creative problem-solving, which was fun. And so the scene direction, the problem-solving was built around character. It wasn’t that sort of broad sitcom, hit the marks and say the jokes and belt them out loud, kid.
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