Standard Life CFO on how she made it to top finance role
Jackie Hunt, chief financial officer of Standard Life
IDG News Service - Few people will tell you frankly -- and many would struggle to even acknowledge - their regrets, weaknesses or strengths, especially those sitting on the executive boards of the UK's top companies. But then Jackie Hunt, chief financial officer of FTSE 100 insurer Standard Life, is an exception in many senses.
One of her professional regrets she candidly tells CFO World is that she never gained experience outside the finance function. For a women who is one of only nine female CFOs in the FTSE 100 it's hard to reconcile that a lack of a stint in operations or marketing has held her back, but she so firmly believes in the experience that it forms a critical part of the company's talent development programme for finance staff launched 18 months ago.
"I didn't go it and regret it. I actively transfer people out of finance and second them," Hunt says.
Her resolve on this point is explicit. One of the failings she recognises in those in finance is their distance from customers. As a business that prides itself on customer service and staff development Hunt says it's vital for Standard Life to ensure finance teams gain some experience in customer-facing functions.
"It's so easy for the finance function to never come into contact with customers," she says.
Another reason for encouraging secondments outside of the finance department is to broaden individual's horizons not just professionally but personally as well. "Finance people are genuinely nice people but the flip side of that is that they don't like confrontation." Again, Hunt doesn't strike you as someone who's afraid of confrontation.
As a foreigner on these shores -- she's South African -- the finance chief also promotes the benefits of overseas experience and actively encourages a foreign secondment among her 1,300-strong global finance team. And the earlier the better she says.
"We encourage people to get experiences in new markets and new geographies early in their career. It's important to learn cultural sensitivities and self-awareness. And an ability to realise that there are other points of view.
"We say early for pragmatic reasons because as people get older their work life balance is more difficult and they have more commitments," she adds.
As for her strengths, she is happy to promote them and urges women to do the same. Explaining the lack of female CFOs among FTSE companies, Hunt says it's down to her willingness to take risks where others may have been more cautious. And her decision to highlight her strengths -- something she learnt the value of early in her career.
- Google I/O 2013's Coolest Products and Services
- 10 Star Trek Technologies That are Almost Here
- 19 Generations of Computer Programmers
- 25 Must-Have Technologies for SMBs
- A walking tour: 33 questions to ask about your company's security
- 15 social media scams
- The 7 elements of a successful security awareness program
Can the financial services industry prevent some of these disasters through better quality software? I believe the answer is yes!
- IT Certification Study Tips
- Register for this Computerworld Insider Study Tip guide and gain access to hundreds of premium content articles, cheat sheets, product reviews and more.
- Case Study: Hospital Turns to Email Archiving Solution to Ensure Regulatory Compliances
- Read this case study to learn how a cloud-based email archiving solution enabled the hospital to meet government mandates and helps avoid thousands...
- Case Study: In-the-Cloud Email Service Replaces Three Point Products
- Read this case study for more information on a comprehensive in-the-cloud email service to help replace three point products.
- Case Study: Simplifying the Transition to Exchange 2010 with Email Management Solutions
- Read this case study to learn how a cloud-based email management solution greatly simplified the company's transition to Exchange 2010.
- What does it take to deliver Security, Privacy and Trust at Mimecast?
- This whitepaper explains the process and controls that Mimecast put in place to deliver a secure, private and trusted SaaS platform for your...
- The Total Cost of Email
- In this white paper, we'll explore the true costs of fragmented email management and uncover how to reduce those costs with a cloud-based... All Financial IT White Papers
- 3 Reasons Why Sepaton is the World's Fastest Backup Solution
- Leading analyst, Storage Switzerland learns how Sepaton backs up and deduplicates massive data volumes while maintaining the industry's fastest performance - all in...
- Enterprise File Sharing: All You Need to Know
- Security. Scalability. Control. These are just some of the many benefits of enterprise cloud file-sharing that you'll discover in this KnowledgeVault, packed with...
- Bridging HTTP and FTP with FileXpress Internet Server
- What if you could take an FTP server on your internal network, and allow external users (partners or customers) to securely access it...
- MFT and FileXpress - An Overview
- Business users and applications exchange files on a regular basis. File transfer is a core part of the flow of business activity.
- Content Analytics: Big Data Conquered, Customer Service Elevated
- For organizations looking to start a content analytics program or improve their existing capabilities, Aberdeen Group and IBM will lay out several recommendations... All Financial IT Webcasts
