Chief Finance Officer

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Today’s Chief Officer (CFO) is a lot more complex than it used to be. Their job is to do more under greater scrutiny while doing it with fewer resources. An average day for someone in a CFO role might include budget meetings, planning, evaluating risk, cultivating strategic partnerships, managing talent, and possibly even working on new acquisitions. Their roles can vary depending on the size of the company and industry they work for but generally they are the advisor, the leader, and the strategist of the company.

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Market Demand

Competition in this work field is very competitive. Every business that wants to take advantage of their full profitability potential will need to hire a CFO. Malaysia’s financial advisory industry will see a big leap in growth this year, with the number of licensed FINANCIAL advisers expected to double from the less than 400 at present. The Association of Financial Advisers (AFA) President Alfred Sek said conservatively, he projected the number to surpass 1,000 within three years, and 10,000 within the decade.

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Education

Experience and a good postgraduate education are the main requirements to qualify as a CFO. Some companies require their CFOs to be certified public accountants and some often look for CFOs who have prior experience in the same sector. Most CFOs hold master’s degrees in accounting.

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