West Vancouver’s Abeir Haddad Shares the Skills You Will Need in the Field of Finance

Interpersonal Skills

An outdated perception exists that paints all people in finance as number-crunchers who spend their days in a cubicle. Today, the reality is that these professionals need to have excellent interpersonal skills to relate to clients and coworkers alike.

Communication Skills

One of the most crucial skills professionals must share is explaining technical data in simple terms. Translating the industry terms to concepts that clients and people from other departments can understand is highly valuable. Both oral and written skills are important and interact using virtual meetings and in-person interactions.

Education and Training

In many industries, talent and experience are enough to help candidates get a job, but in this industry, more is required. A successful candidate has completed specialized training and certifications. A university degree is required for most entry-level positions.

Marketing and Sales Knowledge

Finance professionals need to know how to market their skills and knowledge. They need to be able to promote themselves to clients and show how their special abilities will help the company preserve its capital and save money on expenses.

Mathematical Ability

Industry professionals should have solid knowledge not only in the application of proper accounting procedures but also general mathematical savvy. They need to be able to analyze complex situations using advanced math solutions.

Analytical Ability

Companies want employees who can analyze different financial scenarios and produce accurate conclusions. As the field moves more toward analysis and strategy, skills including manipulating big data, understanding information technology, engaging in strategic thinking, and participating in collaboration are required.

Reporting Skills

Every analyst needs to be able to demonstrate proficiency in reporting. This is the process of documenting a company’s financial information, communicating its status to the government, investors, and management. These reports can be the company’s lifeblood when it comes to responding to regulatory requirements and obtaining funding.

Problem-Solving Skills

Similar to members of many fields, successful candidates have excellent problem-solving skills. A simple knowledge of the field is not enough to surmount daily challenges and ensure that the company is moving forward.

Management Experience

Going beyond entry-level jobs, supervisors often look for people with management experience. Managing teams is a highly valuable skill, and it can lead to future career advancement.

Information Technology Knowledge

Successful candidates need to know the programs and protocols that are used to store and analyze data. Professionals who do not have superior computer skills are often left scrambling to catch up with their peers. Knowing SAP accounting software and Oracle is a minimum requirement for most jobs. Candidates may also want to educate themselves on automated systems that involve artificial intelligence, machine learning, and predictive analytics.

Business Skills

Finance does not exist in a vacuum. Successful candidates should have experience in the business world as a whole, and they should understand how a company’s fiscal behaviour fits into its place in the market. Understanding how data drives a company’s inner operations is a major factor in the candidate’s development.

Ability to Innovate

Creating new processes and ways of doing business can be highly valuable to a finance department. Abeir Haddad notes that the amount of time to produce accurate and timely results could be the difference between success and failure.

Becoming a Finance Professional

Abeir Haddad encourages talented students and people who want to change careers to look into finance. There are significant opportunities for a prosperous life and also for professional growth, development, and advancement.

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Abeir Haddad

Abeir Haddad

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Abeir Haddad is an esteemed Entrepreneur & Investor from Vancouver, BC. He is the President and Founder of Tryton Financial Corporation.