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 how to be a Head of Finance?

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TSwawasan2200
post Dec 8 2022, 08:29 PM, updated 4y ago

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i am a senior costing executive, i have a CIMA cert and have five years experience in costing

my current goal is to be a head of finance after 10 years

i plan to enter other fields which will cover credit control, treasury, risk management

but those job in other fields require for experienced candidiate

i managed to get junior executive offer which offer lower/similar/slightly higher salary...

should i consider accelting those junior executive job?

many thanks
juvaan
post Dec 9 2022, 04:13 PM

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Head of Finance generally is more of a management role rather than a technical one. So management qualities are equally if not more important, although knowledge is key

honest answer, your qualification and experience will only contribute 20%. Unless you are a star performer with groundbreaking business contributions, even 5-7 years is possible.

Visibility and networking will bring you further than paper qualification. Sadly, politics and some luck also plays a part : being in the right role, at the right time, under the right boss

Focus on showing leadership qualities early in your career by being vocal and someone who is a self starter. When you have the chance, show your bosses your capability to lead and coach others.
Results is important, but it is more important for the management to notice your results and contributions, or you will just end up as a work horse in the eyes of your management.

This post has been edited by juvaan: Dec 9 2022, 04:21 PM
mezanny
post Dec 12 2022, 08:04 AM

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QUOTE(wawasan2200 @ Dec 8 2022, 08:29 PM)
i am a senior costing executive,  i have a CIMA cert and have five years experience in costing

my current goal is to be a head of finance after 10 years

i plan to enter other fields which will cover credit control, treasury, risk management

but those job in other fields require for experienced candidiate

i managed to get junior executive offer which offer lower/similar/slightly higher salary...

should i consider accelting those junior executive job?

many thanks
*
I also have the same regret as u do.

I have reached the high level that I can't convert to other accounting fields.

When I just came out of audit, I was a Consolidation accountant, I quit that early to do a field that I later regretted.

So I am too specialized now.

I try to be head of finance but lack experience.

THe best line u can stick to, to become head of finance is a consolidation accountant then move to finance manager for operations and reporting then to CFO. Reporting and accounting operations is the key for path to CFO.
OlgaC4
post Dec 12 2022, 10:46 AM

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Head of finance is where you think how to make money for the company and little bit of mgt.

 

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