Financial Management (FM) magazine

Clare Haynes, an organisational psychology specialist and leadership coach, explains why there is a disconnection between teams and leadership, and suggests some ways leaders can get meaningful feedback from their teams. 

Haynes also identifies some qualities and traits that can help leaders grow in their roles, and why it’s important for leaders to “have a sounding board” during times of stress and increased pressure. 

What you’ll learn from this episode: 

§  Why teams and management are becoming more disconnected from each other.

§  The relationship between new working environments and skill loss.

§  Two ways leaders can elicit constructive feedback from their teams.

§  Notable traits and qualities that inspire better leadership.

§  Tactics to reduce stress and minimise burnout risks for leaders.

This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the February digital edition of the magazine.

The discussion summarises articles on developing executive presence, more effective people leadership, and the right way to share and analyse data.

Rowe explains how members can access the most recent edition of the online magazine as well as the issue library.

What you’ll learn from this episode:

·         Strategies for building executive presence, including the advice that not all the skills are must-haves.

·         A summary of an article on ensuring that DEI initiatives enhance business outcomes.

·         How finance business partners can optimise so-called “democratised” data.

·         Details about the cover story on managing people.

 Zach Rattner, co-founder of global software development company Yembo, says that when it comes to artificial intelligence, organisations are eager to get started with AI but wary of the pitfalls. “Every group is figuring out what does it mean for them, and the rules of how it is going to end up are still being decided,” he said on this episode of the FM podcast, recorded at UK & Ireland ENGAGE.

Rattner explains beneficial ways to explore those tools to help professionals and leaders work better with them, what interpersonal skills professionals could sharpen as organisations become more driven by technology, and why it’s counterproductive to resist experimenting with technology. 

What you’ll learn from this episode: 

§  Where finance professionals can expand their thinking around the possibilities of AI.

§  How to avoid “losing your seat at the table” for AI conversations.

§  Platforms that can help professionals upskill and enhance AI literacy.

§  The essential interpersonal skills to develop for the digital era.

§  Why fear of failure is a roadblock to AI proficiency.

Former CIMA President Sarah Ghosh, FCMA, CGMA, discusses the ways the finance function is evolving and the skills finance professionals will need to develop to lead their organisations on that journey. 

Ghosh explains the value of continous learning, some of the “power skills” management accountants and finance professionals can adopt to drive value for their organisations as business partners, and what finance professionals need to start thinking about as their roles broaden. 

What you’ll learn from this episode: 

§  Three themes to think about as the finance profession evolves.

§  The interplay between data storytelling and technology.

§  What “power skills” are critical to navigating the profession in the future.

§  Key skills for becoming a better business partner.

§  The career development opportunities that emanate from expanding your role.

Financial trainer, speaker, and author Andi Lonnen discusses the skills finance professionals need to develop to move into a finance business partner role. Lonnen’s formula for success sets out the ways finance professionals can upskill to move into the role with knowledge, creativity, and confidence. 

She also discusses the importance of speaking the language of other departments, where a background in finance can be advantageous to the role, and how professionals looking to make the transition can develop a deeper understanding of their organisation’s goals and challenges. 

What you’ll learn from this episode:

§  Nine skills finance professionals need to be effective business partners.

§  Ways to demonstrate and translate finance skills into business language.

§  The importance of getting “personal” when forming connections across departments.

§  How finance professionals can add value to their organisations in a business partner role.

§  Why remembering to be human is fundamental to success.

This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the December digital edition of the magazine.

The discussion summarises articles on topics that include skills development beyond core finance, using Excel modelling to avoid costly mistakes, and capital investment decision-making.

Rowe explains how members can access the most recent edition of the online magazine as well as the issue library.

Previous podcast episodes focusing on 2024 digital editions:

• February
• April
• June
• August
• October

What you’ll learn from this episode:

• Coverage of the AICPA & CIMA leadership transition.
• Skills that CGMA designation holders have developed to advance their careers.
• A summary of an article on balancing in-office work and at-home work.
• Highlights of an article about Excel modelling and how it can minimise mistakes.

Career coach Devya Athwal, ACMA, CGMA, discusses positive beliefs and steps that can help professional accountants become more confident in their roles. 

Athwal, a speaker at UK & Ireland ENGAGE in October in London, also explains why transformation starts from within and how letting go of day-to-day fears can help professionals better accomplish their goals.

What you’ll learn from this episode: 

§  Why Athwal believes that transformation starts with looking inward.

§  How accountants can overcome their own limiting beliefs.

§  Practical ways to channel a growth mindset.

§  Steps to building confidence in challenging environments.

§  The link between collaboration, knowledge sharing, and career development.

Naomi Dake, a wellbeing, leadership, and organisation development specialist, explains how to use stress as a tool to develop professionally, induce curiousity, and improve performance at work. 

Dake also discusses the relationship between stress and mindset and the nonfinancial ways leaders and managers can invest in teams and employees to prioritise growth and wellbeing. 

What you’ll learn from this episode:

§  The core attributes of a wellbeing culture.

§  The distiguishing factors between a healthy and unhealthy work environment.

§  Leadership practices that can inform a healthy work enviornment.

§  Psychological traits and tools that can help us work better under stress.

§  Why role-modelling is key to building a culture of growth and safety.

Persistence has paid off for Ameena Ziauddin, FCMA, CGMA, president and managing director of Norfolk Foods in Sri Lanka,
who sees value in the power of connection, whether on LinkedIn or over a cup of coffee.

What you’ll learn from this episode:

• Why memories such as being “on the roof” stand out to Ziauddin.
• The ways that Norfolk Foods emphasises and values innovation.
• How Ziauddin’s exposure to several industries has helped improve efficiencies and implement cost-saving initiatives.
• The value of having “a simple chat over a cup of coffee”.
• Ziauddin’s advice for the next generation of finance professionals.