The following technical skills are becoming essential for finance professionals looking to excel in today’s market:

1. Data Analytics and Visualisation

The ability to analyse and interpret data is at the core of modern finance roles. Professionals are now expected to use advanced data analytics tools to make informed decisions and predict future trends.

• Tools: Proficiency in tools like Microsoft Power BI, Tableau, and Excel’s advanced features is essential for finance professionals to present data in an easily digestible format.
• Skills: Data interpretation, trend analysis, and reporting are key skills that help finance professionals derive meaningful insights from large datasets, empowering businesses to make data-driven decisions.

2. Cloud-Based Finance Solutions

The shift towards cloud computing has revolutionised how businesses manage financial data. Cloud-based platforms such as Oracle NetSuite, SAP S/4HANA, and QuickBooks Online are becoming the standard, allowing businesses to manage finances remotely and securely.

• Skills: Professionals must be able to navigate these platforms, implement integrations, and ensure that financial data is securely stored and accessible across various devices and locations.

3. Programming and Automation

The rise of robotic process automation (RPA) in finance means that professionals who can code and automate repetitive tasks are in high demand.

• Skills: Programming languages like Python, SQL, and R are increasingly used in finance to automate financial reporting, tax calculations, and auditing tasks. Those who can develop automation scripts or tools will be highly valued, as they help businesses increase efficiency and reduce manual errors.

4. Blockchain and Cryptocurrencies

Blockchain technology is transforming how financial transactions are processed and recorded. Finance professionals with a working knowledge of blockchain systems and cryptocurrencies are well-positioned to take advantage of new opportunities in sectors like investment, auditing, and payments.

• Skills: Understanding blockchain protocols, digital wallets, and cryptocurrency exchanges is becoming an important part of financial education, particularly for professionals working in investment banking, asset management, and financial advisory roles.

5. Cybersecurity Awareness

With the increasing reliance on digital platforms comes the heightened risk of cyber threats. As financial data is often a prime target for cybercriminals, finance professionals need to be aware of the latest cybersecurity best practices to protect sensitive information.

• Skills: Familiarity with data encryption, multi-factor authentication, and regulatory requirements such as GDPR is crucial for those working with financial data.