Government Finance Function’s Post

What does the CFO want from the Financial Controller (by Abdul Khaliq)? The CFO has high expectations from the financial controller, which may seem like a challenging task to fulfill. Unless you have a clear roadmap and understanding of what is expected of you. From leading and developing teams to establishing a financial governance framework to managing financial operations. Additionally, you are expected to have abilities to manage compliance and assurance. Then, you put leveraging technology and automation into the equation. If that's not enough, you must be on top of managing day-to-day tasks and improving processes to enhance efficiency and optimize costs. If this feels overwhelming, there is no pressure! Here's "what the CFO wants from the financial controller" to help you understand and ace the role. These are the five areas you are expected to excel in: 1- Leadership 2- Managing Expectations 3- Finance Operations 4- Compliance and Governance 5- Processes and Technology

What criteria define "substantial control" over a company? https://lnkd.in/gdHc6CiP Senior Officer Role: Individuals in key executive positions like CEO or CFO are considered to have substantial control. Decision-Making Authority: Individuals who have the power to make significant operational, financial, or strategic decisions or to appoint or remove key officers or directors. Other Forms of Influence: Individuals who exert substantial control through other means such as contractual agreements or economic dependencies. Continue reading: https://lnkd.in/gdHc6CiP #SubstantialControl #BeneficialOwnership #FinCENCompliance #BusinessTransparency #CorporateAccountability #ExecutiveAuthority #StrategicDecisionMaking #CorporateInfluence #OwnershipInterest #KeyExecutives #FinancialControl #OperationalControl #StrategicControl #CorporateGovernance #CompanyLeadership #MajorDecisions #FinancialOversight #SeniorOfficers #BusinessDecisions #CompanyControl #CTA #CorporateTransparencyAct #BOI #BOIR #AML #FinCEN #BeneficialOwnership

What does the CFO want from the Financial Controller? The CFO has high expectations from the financial controller, which may seem like a challenging task to fulfill. Unless you have a clear roadmap and understanding of what is expected of you. From leading and developing teams to establishing a financial governance framework to managing financial operations. Additionally, you are expected to have abilities to manage compliance and assurance. Then, you put leveraging technology and automation into the equation. If that's not enough, you must be on top of managing day-to-day tasks and improving processes to enhance efficiency and optimize costs. If this feels overwhelming, there is no pressure! Here's "what the CFO wants from the financial controller" to help you understand and ace the role. These are the five areas you are expected to excel in: 1- Leadership 2- Managing Expectations 3- Finance Operations 4- Compliance and Governance 5- Processes and Technology Take these five areas and plan your journey to manage the CFO's expectations. Abdul Khaliq

CFO or CPO ↳People ↳Finance Every people person cringes when they see a People function reporting into a CFO. The divide can often feel focused on a few key issues: • Focus on minimising spend vs maximising investment. • One speaks numbers vs the other speaking behaviours. • Short term cost control vs long term optimisation. Done well, People teams are responsible for the largest cost of the business. It begs the question—why haven't we see Finance functions report into the Chief People Officer? They can make or break the biggest investment a business makes (its people). What is stopping Finance reporting into People functions? Let me know below 👇

To the #Financial leaders in my network, are you interested in joining CRS and making a lasting impact? See the post below for more info. #CFO #charity #remote

Senior level move - ISG chief executive and finance director exit ISG chief executive Matt Blowers and finance director Karen Booth are exiting the business in an on-going leadership shake-up. Blowers and Booth step down amid other director departures Company veteran Blowers steps down with immediate effect after 26 years at ISG, and the last two years serving as chief executive. He will be followed out of the door by finance director Karen Booth, who has also been with the firm for 5 years, and will step down in March. The top-level shake-up at the £2.2bn turnover contractor will see chief operations officer Zoe Price become new chief executive, with Andrew Page brought in as interim chief financial officer. Price’s 12-year career at ISG includes other previous roles as group director for public sector frameworks and COO for UK Construction. She said: “I’d like to pay tribute to the contribution that both Matt and Karen have made to the ISG business. “We have not been immune to the challenging landscape of the construction industry over the past few years, but our focus on collaboration and quality delivery, alongside our investment in our people have characterised this period. “Looking forward, I’m determined to build on this legacy, but also seek to more fundamentally reset how our business, and the wider industry responds to the growing challenges to our sector.” The top-level departures come as several other directors are understood to be in the process of leaving ISG. https://lnkd.in/eWuwBgYC

How do you retain a great #FinancialController? When I talk to some of the best FDs and CFOs I know, one of the commonalities is how much they value their FC. Having a skilled Controller at the helm, who owns operational finance and takes responsibility for day-to-day team management enables them to focus on strategy and business partnering. And make those decisions based on accurate and reliable data. A good FC is taking away so much ‘drag’ from a focused No1. And that value continues right across the business too. But given the fact they’re so great at operational finance, they can sometimes get pinned down into that remit, limiting exposure to new skills to one day become an FD themselves. It’s the main reason FCs and Head of Finance candidates contact me. Not because they hate their role, or are frustrated with pay, but because there’s not enough room for two FDs or CFOs in the business and the way tasks are split doesn’t promote their own progression. So if you’re sat there feeling fortunate that you’ve got an incredible FC that you can rely on, my advice is to really think about what’s going to retain them. Often it’s as simple as shadowing more of your role and delegating a bit more of theirs. And that delegation is future proofing your finance team by closing the gap between the FC role and its successor too. Drop me a DM if it’s something you’re thinking about right now. More than happy to brainstorm together. #retention #financedirector #cfo #core3 Leo Hewett Cally-Marie Burgess Louis Cordice Richard Bailey Bex Hall Micâ Postans Lewis Bittle Harrison Robertson

Facing Cash Flow Challenges in your Business??? Apply this.... #cashflow #management #leadership #accounting #cfo #advisory #virtualcfo #virtualcfoservice #strategy #finance

When you think of a good finance leader, the first things that may come to mind may be: 🧠 Technically minded 💼 Strong experience 📚 Great education All of which are important, but it definitely doesn’t stop there. To be a finance leader, your responsibility would be to not just ensure things run smoothly in the finance department, but you’d be making the most crucial financial decisions. Here are 5 things that we believe make a good finance leader 👇

Good morning LinkedIn, If you are a qualified finance professional within senior leadership or management whether your job search is heating up or you are simply wanting to dip your toe into the market as a preliminary search. Please do reach out for a confidential conversation around how I can support with this. elliot.matthews@hays.com