Here's how you can distinguish successful financial managers based on key leadership qualities.

Sure, here are some key leadership qualities that distinguish successful financial managers: Strategic Vision: Financial Acumen: Risk Management Skills: Communication Skills: Team Leadership: Adaptability: Ethical Integrity: Integrity is non-negotiable for financial managers. They must adhere to high ethical standards and act in the best interests of the company and its stakeholders at all times. This involves maintaining transparency, honesty, and accountability in their financial practices. By embodying these key leadership qualities, successful financial managers can drive sustainable growth, mitigate risks, and create long-term value for their organizations.

An example: a financial manager should oversee cross over of innovations from different fields and identify macro micro matrices. In near future, space explorations and role of digital unregulated currency will identify large scale digital era human ai interactions. Events translation in terms of ROI, NPV, PE through NYSE standards.

Being a visionary shows the long term aspect of being a Finance Manager. It needs a special toolbox and skills to be able to be a specialist and still lead the team in the right direction.

The most successful Finance Managers are able to identify both macro and micro strategies by leveraging a company's profitability to maximize re-investing vack into the company. Visionaries are good at identifying trends to create new solutions and sustain and minimize industry challenges. Integrators are good at finding new ways to grow and are able to create or enhance current processes to optimize efficiency and productivity. Someone who is both a Visionary and an Integrator is who companies should want in leadership roles, especially in Finance. But the Finance industry is typically tunnel-visioned on only finding the rainmakers and not the Integrators.

Strategy is key when managing a team. In finance, the business acumen and strategic thinking will separate the specialist from the leader. Strategy can be for example putting the right team together or thinking 2-3 steps ahead when it comes to the decision making for the future off the business.

An example of this is one I have recently given to a bank who has not tapped in to the potential of Correspondent Lending yet. The bank is fairly new to Mortgage Lending and currently only looks at providing Lending to customers they also want to service. While this has the highest long-term profitability ratio, it makes it tough for them to maintain liquidity. Correspondent Lending and selling loans in a secondary market could increase short-term revenues while still maintaining a healthy level of risk and liquidity. These short term revenues would allow them to increase their servicing portfolio which will in turn increase their long term profitability. I hope their Board agrees with this too.

Having data and analysing it is one thing, but being able to make the right decision with the right data converted to a tool for the business is very different. The ability to implement plays a huge role in the success of a business.

I totally agree with this. Some of the most effective traits of good leadership in the Finance Industry are Transparency, Accountability, Integrity, Honor, Prpblem Solving, and Ethical Decision Making. Unfortunately, many Finance Managers are standing out in the media for not having the best moral compass these days. It seems that many become greedy and look to find loopholes within a company's infrastructure that can benefit them personally. This has especially become true in mortgage lending where fraud is becoming more rampant. Successful Finance managers must strive to maintain high ethical standards if they want a lasting career in this niche.

A great leader can communicate very well, and not only in good times. Also when times a difficult, the communication needs to be transparent, effective and comprehensible.

Driving consensus among stakeholders and being able to clearly communicate SMART goals and trends are key traits of the most successful leaders in any industry. Other must-have's are being able to actively listen to others and caring enough about your team's morale and concerns to foster a cohesive collaborative environment where transparent authenticity is at the pinnacle of the department heads.

Many years ago, it was deemed of high importance for Leaders to have a high IQ. Now in a world of technology and information at our fingertips, plus the excessive use of social media, having a high EQ has become much more important to be an effective leader. The most successful financial leaders will have both a high EQ and a high IQ and be able to be a calming influence in stressful situations who also have an open door policy and are approachable to their subordinates. Be someone that everyone wants to work with, not for.