If you’re a small business ready to grow, you’ve probably looked into hiring a CFO.
Maybe you can’t bring one on full-time, but for a specific project. You can hire a CFO advisor to suit your needs. You might still be wondering what exactly a CFO advisor does and what skills they need.
What Does a CFO Advisor do?
The job of a CFO Advisor is to provide strategic recommendations to the owner of a business, or their management team. They analyze the financial data. Then, they use that data to determine the best course of action for the company. Or your advisor will look at all the data and give you a solution to your project.
What Skills Does a CFO Need?
If your hiring for a specific project or outcome, your CFO should be a specialist in that field or set of operations. Otherwise, the general skills needed are:
- Cash Management, Financial Accounting, and Corporate Competence
- Problem Solving Abilities
- Be a True Business Partner
- Leadership Skills
- Decision-Making and Adaptability
- Strategic Vision – Big Picture Thinking
- Reliability and a Strong Work Ethic
What Does a CFO do Daily?
A CFO spends their day overseeing the financial operations of an organization. They manage all aspects of a company’s financials and decision-making. They direct an organization’s financial goals, objectives, and budgets. A CFO Advisor does this for many companies. They become like a member of your team to ensure that they understand your business’s goals to make the best decision for you.
If you’re thinking about making a big change to your organization, a CFO Advisor on your side is a major benefit. Reconciled offers CFO services for a specific project or just some advising in general. Contact them to learn how it could help your business!