CFO Peer Audit: What soft skills are becoming more relevant to the CFO role?

Core Insights - The evolving role of CFOs emphasizes the importance of soft skills alongside technical expertise, particularly in communication and empathy [4][5][10] - Adaptability is crucial for CFOs in navigating changes driven by technology, AI, and geopolitical factors [3][9] - CFOs are increasingly seen as "chief translators of uncertainty," needing to align various stakeholders with differing perspectives and information [9][10] Group 1: Importance of Soft Skills - Empathy and emotional intelligence are highlighted as essential skills for CFOs to foster engaged teams and manage change effectively [5][7] - Communication is critical for CFOs to convey financial narratives and align teams, requiring an understanding of diverse audience backgrounds [10][11] - Collaboration across departments is necessary for achieving organizational goals, emphasizing the need for compromise and understanding [6][7] Group 2: Adaptability and Technology - The rapid advancement of technology, including AI and automation, necessitates that CFOs remain adaptable and continuously learn [3][4] - CFOs must explain the implications of new technologies to employees, ensuring clarity on how these changes affect their roles [4][8] - The demand for CFOs to be adaptable is underscored by the need to respond to external pressures and internal changes [3][9] Group 3: Navigating Uncertainty - CFOs are tasked with translating complex financial data into understandable narratives for various stakeholders [10][12] - The ability to maintain composure and focus during challenging times is essential for effective leadership [14] - Building trust and maintaining open communication are vital for keeping teams aligned and motivated during periods of uncertainty [14]