Create a more engaged and collaborative team environment in your finance organization.
The Finance Team Leadership Program (FTLP) is a company-tailored development program available to individuals or entire teams. After an assessment and plan of action, each of your leaders will create Individual Leadership Development Plans (ILDPs) that chart a path for their development opportunities. Each leader will also be assigned a coach to support their ILDP creation and development journey.
The program is based on our Ten Pillars of Finance framework, developed by CFOs from organizations of varying size, complexity, and industry. The Ten Pillars are applicable in any company setting, focusing on the common threads among finance organizations.
The FTLP will fit you and your company whether you're an individual, a team of 5, or a team of 500. Building and maintaining a strong finance team is one of the principal responsibilities of the CFO. When done correctly, the finance team becomes a more synchronous unit, employee retention is optimized, and individuals feel highly accomplished and appreciated.
As your business is establishing it's footprint in the market, the FTLP can benefit your growing team by giving them a foundation for financial leadership development that will serve them through upcoming challenges. Your leaders will have a development path laid in front of them that gives them clear direction within the organization. Your team members will feel a sense of continuous accomplishment as they progress through their ILDP.
For established organizations looking to invest in their people, the FTLP will support your upskilling efforts and increase employee retention. Our program is designed specifically for finance professionals, enhancing your existing development efforts with a finance specialty. Your team members will better understand how their role contributes to the company's mission.
The FTLP is also designed for individuals, charting a development journey within the organization, and providing guidance on achieving higher level roles. Individuals will better understand how to work with their teams as a leader and contributor.
Global finance has many cross-functional and cross-cultural dynamics that require a finance team prepared to operate in a complex technical and behavioral environment. The FTLP is designed to support each professional in their technical development as a finance leader as well as their behavioral development. The FTLP will prepare your finance team for collaborative efforts with others inside and outside of your organization.
The FTLP is designed for companies and their people to see both immediate and long-term recurring benefits from the program.
The Finance Team Leadership Program process begins with an understanding of the company’s business strategy and how the finance structure (processes, systems, people) can best support the organization’s objectives.
Implementing a Finance Team Leadership Program includes individual and team involvement. Through a well-designed program, each team member is introduced to the framework that underpins the office of the CFO. Every team member gains an understanding of the role they play in supporting the finance function. Each individual’s leadership development is best accomplished in a team orientation to support relationships and team synergy.
One focus of the FTLP is promoting effective communication throughout the team and company. Communicating clearly and concisely to stakeholders is imperative for successful risk management. Your team will break down any communication barriers, facilitating the flow of information and potential risks. Participants will also train their decision-making skills in a risk-aware context, promoting early risk detection and impact assessment.
Employees are most likely to stay with companies that invest in their people. The FTLP provides professionals with an opportunity for growth that increases job satisfaction and employee loyalty. Programs like the FTLP show employees that the company culture is positive and growth-oriented. The program supports relationship building amongst team members, reinforcing company values and supporting a sense of camaraderie within your team.
Another primary focus of the FTLP is supporting collaboration among team members and cross-functionally within the organization. Through effective communication, collaboration is a tool for out-of-the-box thinking that leads to innovative ideas supporting the company. This type of creative environment is crucial for any organization looking to future-proof itself in preparation for the uncertainty ahead and the competitive advantages and increased efficiencies that innovation brings in the short term.
McCracken is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
The first part of the Finance Team Leadership Program lasts a year from the start date. The rest of the program is designed to be ongoing, maintaining a semi-annual coaching relationship with each participant.
The Finance Team Leadership Program is designed for both individual professionals as well as large teams. When working with teams of 30 or more, we recommend breaking sessions down into smaller groups for group sessions, facilitating a more active discussion among participants.
In the first year of the program:
In subsequent years of the program:
*All of our assigned coaches are accomplished finance executives with leadership coaching expertise.
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