Preparation for Promotion Once a manager is promoted into a new position and demonstrates the potential for greater roles within the business, the individual should be supported with a management or leadership development program that can prepare them for more senior level responsibilities for the company. In the case of the accounting and finance function this generally is understood to mean the skills necessary to be prepared for a Leadership opportunity. Each company will have their own challenges and priorities that will be critical to successfully executing the role of a leader. However, there are common competencies that, when mastered, will make the leader a highly productive contributor to the business regardless of the specific industry. The CFO Leader needs to be: 1. A Steward of the business who will preserve the assets, manage the risks and provide integrity to the financial reporting. 2. An Operator of the business who runs an efficient and effective accounting and finance organization that successfully enables the performance of the business. 3. A Strategist capable of understanding customer needs, market trends and supply chain to shape the overall direction of the business. 4. A Catalyst able to expand the thinking of other senior team members about approaches to business success. 5. A Partner who supports the CEO in anticipating issues and communicating early alerts to allow the business to adjust as necessary and keep the plan on track.
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