A Finance Manager is an executive tasked with ensuring the profitability and financial wellbeing of an organization. Therefore, they gather financial data from all company departments and compile and present them to top executives. This information assists top management to make proper corporate decisions. Successful Finance Managers are very well paid, so it is a great aspiration if you want to become one.
This article will explain the top qualities possessed by all successful finance managers.
Successful Finance Managers Genuinely Enjoy Problem Solving
Firstly, if you want to excel in financial management you should enjoy solving problems. This is because financial managers are required to make complex decisions on a daily basis. Making the wrong decision could cost your company millions of dollars in revenue.
Having a natural talent for solving problems will work in your favor. All skills can be learned but your job will be less stressful if you actually enjoy solving problems.
Another skill you will need as a financial manager is leadership skills. This is the ability to influence others to support your goals for the organization. Without leadership skills, it is hard for the manager to achieve their set objectives. Their role requires collecting and disseminating information from all departments in the company.
Analytical Skills Are A Must For A Finance Manager
Analytical skills involve the collection and investigation of data to produce useful conclusions and reports that help improve a company’s performance. Financial Managers that are great at their job are able to collect the most useful data from inside and outside the organization and then they evaluate this information to find patterns that can help their business grow.
Emotional Intelligence Helps You Succeed As A Finance Manager
Financial Management is a stressful job with a low happiness rating. Therefore, to be happy and successful as a financial manager you need to have a high level of self-awareness. This involves the ability to manage negative emotions like stress and anger as soon as they emerge within you. Successful managers also know how to manage other people’s emotions. They ensure that situations at the office do not get out of hand due to unmanaged reactions.
Finance Managers Require Great Communication Skills
Finally, communication skills are a requirement in all careers and financial management is not an exception. This role requires the candidate to communicate with and get information and support from all departments within the organization. A successful finance manager will, therefore, be able to effectively communicate with direct reports as well as top management. They may even be called upon to communicate with the press and public. Other than verbal communication, financial managers must have impeccable writing skills. This is because they have to produce financial reports that make sense to those not conversant with financial data.
Did I leave anything out? What qualities do you think Financial Managers must possess? Let us know in the comments.