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cfo office

Plan Your Path to the CFO Office

Design a path that offers you the diverse skill set that the Chief Financial Role role requires. According to recent surveys, most CFOs started their career paths in business development and human resources, followed by technology.  Very few executives jump directly in the CFO office. In fact, most CFOs report that they earned an average of nearly ten years of accounting and finance experience before making their way into the CFO office.

Decide if the CFO Office is Right for You

With leadership comes responsibility. Determine if achieving these are among your aspirations and skills:

  • Managing financial risk as well as planning and ongoing accounting systems.
  • Analyzing the sector’s financial trends.
  • Negotiating and overseeing the finances of acquisitions, mergers, and business salvages.
  • Fulfilling the dual role of Chief Executive Officer and CFO in smaller companies.
  • Dedicating yourself to 10-15 years of progressive, diverse experience to get to the CFO office.

Get on the CFO Path by Taking These Steps

Because the route to becoming a CFO is diverse, select where to begin and go from there.

  • Be intentional with your planning.
  • Stay up-to-date with CFO skill trends, paying particular attention to projected needs.
  • Scan for positions in organizations that offer you needed skills and growth opportunities.
  • Prepare yourself and those in your life for ongoing change, including continued education.

Develop CFO Knowledge and Skills

Assure you have a broad base of financial experience.

  • This may include working in non-profit as well as profit-based settings.
  • Be secure with financial fundamentals and accounting principles.
  • Gain digital knowledge to keep pace with cloud-based information, big data analytics benefits and functions, and cybersecurity needs.

Advancement, Continued Learning, and Certification

  • The CFO role requires advanced education, such as holding a master’s in business administration (MBA).
  • Position yourself for advanced positions, including that of accounting manager, controller, or managing treasury functions.
  • Become a Certified Public Accountant (CPA) as almost half of CFOs hold one.

Broaden Your Customer Service Awareness

  • Review customer service trends in your current organization.
  • Consider these in terms of financial implications and determine methods for improvement.
  • Learn about the CFO’s role in assuring quality customer service.
  • Develop solid soft skills to work well with customers and colleagues.

Are you an accounting and finance professional who is job hunting?  Click here to see Beacon Resources’ current job openings.

 

hiring mistakes

How Staffing Agencies Help You Avoid Hiring Mistakes

On the fence about whether or not you should use a staffing agency to help you with new hires? There are a variety of advantages that outsourced staffing professionals can provide to you. You won’t have to spend your valuable time weeding through candidates or risk making potential hiring mistakes.  Staffing professionals have the skills, connections and tools to help employers avoid costly hiring mistakes. That is because staffing and evaluating company culture is their primary focus.

Improper Job Descriptions

Often times, the job description itself can be the reason that you aren’t getting the best job candidates. A staffing agency will ensure that the job qualifications and specific tasks are worded clearly. Job descriptions should be as clear as possible because it is the candidate’s first impression of your company. Plus, job seekers need a clear understanding of your expectations.   Otherwise, they may not bother to apply.

Quality Interviews to Avoid Hiring Mistakes

Managing a company while trying to conduct interviews can be stressful.  A staffing agency has a single focus: to help you find the prime candidate. All their attention will go into the interview process.  Meaning that your time is never divided, and you can rest assured that you will end up with the best candidate possible.

Picking up on Subtle Cues

It’s not always easy identifying candidates who are embellishing their skills, lying about experience or show signs of laziness or incompetence. A staffing agency is well-versed in identifying red flags in possibly bad employees. Remember, these professionals have specific training and experience that helps them weed through numerous candidates and focus only on the ones with true potential.

Staffing agencies are an investment. However, they will put in the time and attention to make sure that you get the best candidate for the job. Ultimately, this will save a considerable amount of your valuable time.  And time is money.

 

Click here to learn how to Strengthen Your Company with the Right CFO