Getting Ahead in Finance Careers

Essential Skills in Getting Ahead in Finance Careers

The finance industry is notorious to be THE industry which is well-paying, but demanding. Rightfully so, for the demands of an internal auditor or financial analyst, is high and to be in this industry, one must have tenacity. Long hours during Chinese New Year (also known as the peak period) for external auditors from Big Four, are also "character building". How will I know? Well, having gone through this "character building" exercise, here are some qualities, which are essential to getting ahead in the professional trends in this fast evolving industry.

1) Communication Skills
Finance professionals are expected to communicate with many different departments within an organisation, and even external (such as handling external auditors during the financial year end). It is essential that one communicates and conveys complex financial information to non- financial audiences in a succient and palatable manner. Leveraging on interpersonal skills, to win over the hearts of audiences when making strategic recommendations are essential. All too often, a finance professional focuses on the statistics and forget to weave a story together as a package to the audience.

2) Technology Expertise
I did not realise the importance of upgrading my technological skills, until I joined the commercial world. The use of Micorsoft Access to generate query database, and pivot tables in Microsoft Excel are basics which one should know. If you need to learn how to make the best use of a new system or application, consider taking a software course or attend seminars to leverage on technology. Especially with the emphasis on Fraud Detection, your technology expertise is your selling point.

3) Global Perspective
The world's borders are increasingly blurry and as many functions become outsourced, it is imperative that we continue to demonstrate the need and understanding of accounting principles in other countries. Many countries are ramping up on Transfer pricing, and having a good mind on how the tax authorities are putting things together is a value-adding capbility.

There is so much one can do, in the finance industry. If your are keen to find out what opportunities are out there and seeking career advancements, here is the perfect opportunity- Getting ahead in finance careers.