CXO recruiter discusses modern CFO skills

In today’s evolving business landscape, the role of the Chief Financial Officer (CFO) has transformed significantly.

Brian Cabral, Executive Director – Search Practice at ABC Consultants, shares his insights on the expectations and key qualities of a modern CFO:

1. Strategic Thinking: Modern CFOs must seamlessly manage both operations and strategic initiatives. This involves transitioning from day-to-day operational tasks to long-term planning and Blue Sky Thinking.
2. Leadership Presence: Brian emphasizes the need for a strong leadership presence, or “gravitas,” when working with investors, private equity funds, regulators, clients, the board, and internal teams.
3. Communication Skills: Excellent communication is essential for a CFO, including clear and confident expression of ideas both internally and externally.
4. Strategic Business Impact: CFOs should focus on the impact of their decisions on enterprise customers and business growth. This includes managing assets and ensuring the business is set up for success in terms of revenue and client growth.
5. Global Vision: CFOs must operate with a global perspective, understanding international markets and managing global subsidiaries and relationships.
6. Financial Milestone Planning: In established organizations, CFOs should prepare for the next financial milestone. In startups, the focus is on advancing the company through different growth phases.
7. Bottom Line Focus: CFOs must effectively use and raise funds while keeping an eye on profitability, especially in startups where agility is key.
8. Brand Presence and Networking: Building a strong personal and company brand is crucial. Brian suggests engaging in pro bono initiatives, industry forums, and networking with peers and CXOs.
9. Continuous Learning and Development: Investing in education and professional development is essential for a modern CFO. Brian recommends pursuing relevant courses and MBAs.
10. Curiosity and Insight: Staying ahead of industry trends and maintaining awareness of competitors’ strategies is crucial. CFOs must continuously pursue knowledge and update their skills.

In summary, Brian Cabral highlights the dynamic, multifaceted role of the modern CFO, blending financial expertise with strategic vision, leadership, and continuous development to drive organizational success.

Video edited by: Lakshay Gupta and Thumbnail created by: Harmanjit Sahota