"Turpentine Finance" with Sasha Orloff | Startup Finance, Leadership, CFO Strategy

E22: Evolution of the CFO Role, Compensation, and Interview Success with Chris Sands of the F Suite

Sep 5, 2024

Chris Sands, the Head of Jobs at The F Suite, dives into the evolving landscape of finance leadership. He discusses the shifting role of CFOs, highlighting the necessity for adaptability and strong networking skills. Sands also covers effective interview strategies for aspiring CFOs and the importance of cultural fit. He sheds light on the booming CFO compensation market, providing negotiation tips for securing better packages. Plus, he emphasizes storytelling and soft skills as key differentiators for exceptional finance leaders.

55:48

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Episode guests

Chris Sands

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Episode notes

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Quick takeaways

The evolving role of CFOs now requires a blend of analytical and soft skills while expanding their influence in strategic operations.

Proactive job searching and continuous networking are vital for finance professionals to stay competitive and seize opportunities in a fluctuating market.

Compensation for CFOs has significantly increased in 2024, with median salaries reaching $345,000 and competitive bonuses reflecting market dynamics.

Deep dives

Continuous Job Search

The job search should be an ongoing process, encouraging individuals to proactively engage with companies, regardless of their contentment in their current roles. This approach ensures that professionals stay attuned to hiring trends and positions themselves advantageously in their careers. It's crucial to leverage and expand one's network continuously, as opportunities often arise in waves rather than being constant. By being active in job search activities, individuals can better navigate the fluctuating job market and seize ideal opportunities when they present themselves.

Intro

3min

Navigating the CFO Landscape

20min

Navigating the CFO Interview Process: Strategies for Success

2min

Navigating CFO Recruitment and Integration

3min

Distinguishing Great CFOs: The Importance of Storytelling and Soft Skills

2min

The Evolving CFO Landscape

16min

Revolutionizing Executive Recruiting and Professional Networks

4min

In this episode, Sasha Orloff is joined by Chris Sands, Head of Jobs at The F Suite, to discuss the landscape of finance leadership and career advancement in 2024. Sands unpacks the changing role of CFOs and how to navigate compensation from the vantage point of CFOs (and the CEOs hiring for the role). This episode offers invaluable insights on how to stay relevant, adaptable, and ahead of the curve in your finance career.

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SPONSORS:

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LINKS:

http://fsuite.co

https://www.fsuite.co/compensation-survey

http://lsuite.co

http://www.thesuite.com

X/SOCIAL:

@sashaorloff

@chris_sands_

TIMESTAMPS:

(00:00) Episode preview

(01:16) Intro

(01:40) Meet Chris Sands: Head of Jobs at The F Suite

(03:06) Evolving role of the CFO

(09:11) Strategies for aspiring CFOs

(12:29) Candidate-first approach in recruitment

(13:56) Then vs Now: Hiring CFOs

(19:14) Preparing candidate for interviews

(22:53) Sponsors: Netsuite | Metaview

(24:40) Best practices in recruiting finance teams

(26:19) Role of CFO in the hiring process

(27:28) Advice for recruiting CFOs

(29:28) Sponsors: Brave | Omneky

(30:56) Key traits of a great CFO

(32:52) Evolution of CFO roles

(34:10) Misconceptions on job search

(37:56) CFO compensation insights

(44:49) Negotiation strategies for CFOs

(48:04) Non-negotiable compensation offers

(48:59) F Suite: Building a community for CFOs

(52:39) Wrap

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