Do you have what it takes? The best approach on how to become a CFO.

This post was originally written on the Chargebee blog.

As finance professionals often do, you aspire to become a CFO one day. And you wonder what it would take to bag the role of your dreams. Today, you get your answers.

It’s an exciting time to be working in finance. CFOs are re-inventing themselves, trying to master automation and spearhead business strategy. CFOs are juggling their new responsibilities and this means that future finance talent will have to develop a unique skill set; inquisitiveness and interpersonal skills will be as crucial as number-crunching and tax filing.

According to a Mckinsey report, CFOs spend 41% of their time on non-finance activities. As we step into 2022, that number might well be higher. It’s crucial to be aware of the changing landscape and set sail according to the new tides.

As aspiring Chief Financial Officers, your next career jump shouldn’t be a leap of faith but a sure-footed step of conviction. In this blog, you’ll learn the roles and responsibilities of a CFO and how you can climb the next rung of the corporate ladder and grab the promotion that you deserve.

Roles and Responsibilities: A Day in the Life of a CFO

CFOs work closely with other C-suite leaders and report to the Chief Executive Officer (CEO). The CFO holds in their hands the financial well-being of the entire company. Their days are long and hard, and their responsibilities are constantly evolving.

Here are the key responsibilities of a CFO:

1. Balancing budgets and expenses
2. Overseeing financial planning & analysis (FP&A)
3. Heading tax & compliance
4. Raising capital and pitching strategic M&A
5. Minimizing financial risks and losses
6. Managing investor relations
7. Championing automation

For complete article, please visit Chargebee blog.