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4. Review Their Work Experience and Achievements
Analyze candidates’ work histories for relevant achievements and experience in your industry or businesses with similar complexity using their CVs and resumes. The role of a financial manager varies, so look into the specific expertise you want for your company.
For example, if you need assistance with investment analysis and management, ensure that the candidate has sufficient experience with portfolio and asset management. Similarly, if you require financial reporting and analysis, search for candidates with experience in financial analysis and report generation.
Recruiting individuals with specialized industry expertise like financial leadership skills, reporting expertise, and risk management skills can offer valuable insights and customized solutions that align with your company’s specific needs.
In today’s digital era, mastery of accounting software and various technologies is the gateway to achievement. To accelerate your company’s growth, hire candidates with proficiency in Mint, Xero, Quicken, FreshBooks.
Therefore, compile a list of candidates who possess pertinent experience, qualifications, and technical expertise.
5. Conduct In-Depth Interviews
Don’t stick to the usual questions during interviews with your shortlisted candidates. Tailor your interview questions for financial managers to assess their financial expertise and leadership skills, technical skills, problem-solving abilities, and how they handle difficult situations.
Ask about experiences related to their responsibilities, how they managed the finances of past organizations, and their approach to workplace discrepancies.
Inquire about their approach to developing and executing financial strategies; assess their experience in leading finance teams and fostering collaboration.
Evaluate their ability to analyze financial challenges, make informed decisions, and ensure that they are proficient in financial software and data analysis.
Ask for work samples like financial strategies, budgets, and reports they have worked on to determine if they are the perfect match for your company.
In all, look out for candidates who can handle financial concepts and issues in your company in a professional manner.
6. Background Checks and References
After interviews, conduct thorough background checks before picking a candidate. Contact provided references to gain insights into candidates’ work ethics and professionalism. Verify their educational credentials and certifications for accuracy because 40% of applicants admit to lying on their resume.
Here are some questions we recommend you ask:
- How would you rate the candidate’s financial management skills and ability to handle complex financial tasks?
- Did the candidate successfully lead or contribute to any significant financial projects or initiatives during their tenure?
- How well did the candidate work within a team or manage a financial team, if applicable?
- Was the candidate responsible for budget planning and management?
- Can you provide examples of how the candidate handled financial challenges or crises during their time with your organization?