Are You a CFO, or is Your Goal to Become a CFO? – Get a Mentor or Coach!
“You wouldn’t advise the CEO to proceed without a strategic plan, why should you?”
~ Stuart Pasternak, Toronto Regional Director, CFOLC
In the competitive world of C-Suit talent and high-value positions, it’s a different game. The average tenure of a Chief Finance Officer (CFO) is 3-4 years and the role is continually changing.
Any career or job transition requires a creative, well-thought-out plan that leverages your strengths, gets you noticed and is flawlessly executed. You’ve worked hard to get to where you are in your career, does it make sense to leave the CFO position or your next career move to chance?
You wouldn’t advise the CEO to proceed without a strategic plan, why should you?
To be a world-class CFO, you need more than generic answers and a quick fix. You need a mentor who takes your success as seriously as you do and will help you develop a plan with the integrity, confidentiality, and excellent service that is a part of your daily world. Someone who understands the CFO world and can work with you to achieve sustainable success.
Focusing on the successful performance of CFO’s, your mentor should walk the journey with you to develop programs to generate world-class performance and create your unique roadmap. They will enable you to develop tools to think strategically about your career and develop solutions to ultimately grow in ways they would not otherwise experience.
The Aim of a Mentor is to:
- Improve your professional growth to impact performance
- Create higher CFO effectiveness
- Improve your problem-solving skills
- Improve communication skills with peers, direct reports, superiors & Board of Directors
- Establish trusted relationships with other leaders
- Build your brand
As a CFO or if a CFO Position is Your Career Goal, Consider these Six Questions:
- Are you seeking to resolve conflicts, communication or succession issues?
- Are you confident and supported in your leadership role, and able to lead others?
- Are you seeking the expertise and support to help you move your career and organization forward?
- Do you aspire to make decisions that create, align and inspire a Work Class Team?
- Are you trying to align your peers, shareholders and your Board of Directors?
- Do you want to influence change and strategic direction of your organization?
If you answered yes to any of these questions, you should join the CFO Leadership Council Mentor Program!
About Stuart Pasternak, Toronto Regional Director, CFO Leadership Council
Stuart is the Toronto Regional Director of The CFO Leadership Council, the premier networking and educational forum for senior financial executives – built by CFOs for CFOs with 23 chapters across North America and growing. Stuart and the Toronto team manage membership, sponsorship, events and growth of the Toronto Chapter. Stuart is also Principal at PSI which provides entrepreneurs and small-medium organizations with growth and value strategies. They advise and guide the progress of Strategic Planning, Performance Management, Accounting and Financial Management, Treasury & Cash Management, Project/Critical Event Management and Human Capital to ensure that the actions taken are realistic, achievable, foster long-term development and mitigate risks. Stuart is Vice Chair of the Board of Directors for the Alzheimer Society for York Region and a Certified CPA Mentor.
About The CFO Leadership Council
The CFO Leadership Council offers both live & online programs that feature expert panels and interactive sessions that drive meaningful conversation and leadership development among our membership. Our collection of leadership development resources similar to this article contain pragmatic insights and advice sourced directly from our members and industry experts. Recordings of CFOLC webcasts are made available to our current CFOLC Premium & Virtual members. CPEs are now offered for our webcasts to current CFOLC members only. To learn about our membership and connecting with our growing CFOLC community, visit www.cfolc.com.
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