Financial Savvy
“Tell me about a time when your knowledge of finance and business operations made a difference in the company’s profits.”
- “The key staff members of the last company I worked for
all agreed and were committed to a goal of increasing profits
20 percent by the end of the fiscal year. As the CFO I met with
the executive team, and we set very specific goals to accomplish
this. I was able to get the commitment of individual team members,
and we agreed they would receive a percentage of profits at
the end of the year if things went as planned. I personally
was committed and held accountable to the board of directors.
We worked as a team to achieve a very successful campaign rollout.
The key was to keep our specific goals in mind and to also keep
in continuous communication with one another on the progress
of our projects. As it turned out, we exceeded our goal, and
every one of us benefited from the team effort.”
- “One of the projects that I was most proud of at my last
company was the streamlining and enhancing of the corporate
budgeting process. I was able to analyze the company’s needs
and processes and to benchmark activities. The realigning made
the process the cornerstone of the way the company’s operations
are currently measured.”
- “When I joined my current company, all the accounting and
payroll functions were outsourced. This was not only cumbersome
to manage, but also very expensive. By developing and implementing
appropriate internal policies and procedures, I was able to
convince management to bring the functions back in-house. The
overall savings was over 40 percent of what had been spent in
a six-month period.”
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