Hiring the right finance professional can be a game-changer for your business. Finance roles require a unique combination of skills and attributes to manage complex financial data, drive strategic decision-making, and maintain financial stability. Whether you’re hiring for a financial analyst, accountant, or CFO position, here are five key qualities to look for in a finance professional.

1. Analytical Thinking

Finance professionals deal with vast amounts of data daily. They need to analyse financial information, identify trends, and provide actionable insights that drive business decisions. Strong analytical thinking enables them to break down complex data, spot inconsistencies, and offer strategic recommendations.

When assessing candidates, look for those who can demonstrate their ability to interpret financial reports, perform data analysis, and make sound judgements based on their findings. Candidates who have experience in financial modelling, budgeting, and forecasting are likely to possess strong analytical skills.

Tip: During the interview, present candidates with a hypothetical financial scenario and ask them to analyse the situation and suggest solutions. This can give you insights into their analytical thought process and problem-solving abilities.

2. Attention to Detail

Accuracy is paramount in finance. Even a small error in financial calculations or reporting can have significant consequences for a business. Finance professionals must be meticulous in their work, ensuring that every figure, formula, and document is correct. This attention to detail is crucial for tasks such as preparing financial statements, conducting audits, and managing budgets.

Look for candidates who can provide examples of their accuracy and precision in previous roles, such as identifying discrepancies in financial data or improving financial reporting processes. Additionally, certifications like ACCA (Association of Chartered Certified Accountants) or CIMA (Chartered Institute of Management Accountants) can indicate a high level of expertise and commitment to accuracy in the field.

Tip: To gauge a candidate's attention to detail, consider including a financial task or exercise as part of the recruitment process to see how they handle complex data and ensure accuracy.

3. Integrity and Ethical Judgement

Integrity is a non-negotiable quality in finance professionals. They are responsible for managing sensitive financial information, complying with regulations, and ensuring that financial practices are ethical and transparent. An individual with strong ethical judgement will make decisions that prioritise the company's long-term interests and reputation over short-term gains.

During the hiring process, ask candidates about situations where they faced ethical dilemmas in their previous roles and how they handled them. This can give you insights into their decision-making process and whether they align with your company's values.

Tip: Seek candidates with a background in working within regulated environments or with experience in compliance. These candidates are more likely to be familiar with maintaining ethical standards and adhering to financial regulations.

4. Strong Communication Skills

While technical skills are crucial, finance professionals must also be able to communicate their findings effectively. They often need to present complex financial data to non-finance stakeholders, such as managers, clients, or board members. The ability to explain financial concepts in simple, clear language and provide strategic advice is essential for influencing decision-making within an organisation.

Look for candidates who have a track record of working cross-functionally, preparing financial reports, and delivering presentations. Strong communication skills also include active listening, as finance professionals must understand the needs and concerns of various departments to provide relevant financial support.

Tip: During the interview, ask candidates to explain a complex financial concept or walk you through a financial report they’ve worked on. This will give you a sense of their ability to convey technical information in an accessible manner.

5. Adaptability and Willingness to Learn

The finance industry is continuously evolving due to technological advancements, regulatory changes, and shifting market dynamics. Finance professionals must be adaptable and open to learning new tools, systems, and regulations. Candidates who show a willingness to embrace change and enhance their skill set can bring valuable insights and innovations to your business.

When evaluating candidates, look for evidence of continuous professional development, such as pursuing certifications, attending industry seminars, or learning new software like financial modelling tools, data analytics platforms, or accounting systems. This demonstrates their commitment to staying current in the field and their ability to adapt to new challenges.

Tip: Ask candidates about recent industry trends or regulatory changes they have been following. Their response can reveal their level of engagement with the industry and willingness to keep learning.

Final Thoughts

Finding the right finance professional involves looking beyond just technical skills and qualifications. Analytical thinking, attention to detail, integrity, communication skills, and adaptability are essential qualities that contribute to success in a finance role. By focusing on these key attributes during the recruitment process, you can identify candidates who will not only excel in managing financial data but also contribute strategically to your business's growth.

A finance professional with the right mix of skills and qualities can become a valuable asset, providing insights that drive informed decision-making and help steer your business towards its financial goals.