New world, new skills finance professionals need
Barry Payne DirectorExternal Relations — Management AccountantAICPA-CIMA
We live in a new world. Even before the coronavirus pandemic, digital transformation and new ways of working were significantly influencing the skills and capabilities finance teams needed to succeed. As the pandemic accelerated the need for these skillsets, people and businesses sought digital experiences and solutions more than ever.
In the world of finance there is also a new mandate for finance professionals to become a true value partner to the business. In other words, spending more time looking through the windshield than the rearview mirror.
With these changes in mind, we have researched the key skills and competencies necessary for success and built the T-Shaped Finance Professional below, based on conversations with CFOs and business leaders worldwide. The T-Shaped model is a great basis to evaluate your skills and those of your team. It demonstrates the new and enhanced skills that are built on top of the deep technical accounting and data skills in the traditional finance / accounting background. The key to the T is deep technical accounting and industry knowledge with a wide set of horizontal boundary-crossing skills.