The Head of Finance Transformation is a strategic finance leadership role responsible for driving and delivering significant improvements to the organisation's financial processes, systems and capabilities. This role bridges the gap between finance and technology, ensuring the finance function is agile, efficient and aligned with the organisation's strategic goals. The head of finance transformation leads major change initiatives, leveraging technology and process optimisation to enhance financial performance and decision-making.Other job titles related to a Head of finance transformation include: Director of Finance Transformation, Finance Systems Manager and Chief Finance Transformation Officer.
Head of Finance Transformation role and responsibilities
The core responsibilities of the Head of Finance Transformation include:Strategic transformation leadership: Developing and executing a comprehensive finance transformation strategy aligned with the organisation's overall objectives.Process optimisation and automation: Identifying and implementing opportunities to streamline financial processes through automation and technology solutions.Financial system implementation and management: Lead the adoption of advanced tools likeERP systems (e.g., Oracle, SAP),RPA, andAI-driven analyticsto automate workflows and improve data accuracyChange management: Leading organisational change initiatives related to finance transformation, ensuring smooth transitions and effective adoption of new processes and systems.Project management: Managing complex finance transformation projects, ensuring they are delivered on time, within budget, and to the required quality standards.Stakeholder management: Collaborate with CFOs, IT, and business units to bridge gaps between finance and technologyData analytics and reporting: Driving the use of data analytics to improve financial insights and reporting capabilities.Risk management and compliance: Ensure financial systems meet regulatory standards (e.g., GAAP, SEC) while mitigating risks through robust controlsTeam leadership and development: Leading and mentoring a team of finance transformation professionals, fostering a culture of continuous improvement.Vendor relationship management: Managing relationships with external vendors and consultants involved in finance transformation projects.
Head of Finance Transformation job qualifications, skills and experience
A successful Head of Finance Transformation possesses a blend of strategic leadership, financial expertise, and technological acumen. Key qualifications and skills include:Professional accounting qualification: Holding a recognised accounting qualification (e.g., CIMA, ACA, ACCA).Extensive experience in finance transformation: Demonstrable experience in leading and delivering large-scale finance transformation projects.ERP system expertise: In-depth knowledge of ERP systems and other financial technologies.Strategic thinking and planning: Ability to develop and execute strategic plans aligned with organisational goals.Change management expertise: Proven ability to lead and manage organisational change initiatives.Project management skills: Strong project management skills, including experience managing complex projects.Leadership and communication skills: Excellent leadership, communication, and stakeholder management skills.Data analytics and reporting skills: Experience using data analytics to drive financial insights and improve reporting.Risk management and compliance knowledge: Understanding of risk management and compliance requirements related to finance.Strong problem-solving and decision-making skills: Ability to analyse complex problems and make sound decisions.Bachelor's degree in accounting, finance, business administration or a related field.
Head of Transformation career progression
For career progression, this role often leads to CFO or Transformation Director positions.
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