Graxlar
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Post by Graxlar on Aug 16, 2021 7:11:23 GMT
Hey all,
I recently turned 36 and I have been thinking about the next step of my career. For the few of you in the finance department, what do I need to focus on to go from management accountant to financial controller?
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Post by dominalien on Aug 16, 2021 7:14:29 GMT
...
Control?
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Post by ibenam on Aug 17, 2021 8:28:27 GMT
Hey all, I recently turned 36 and I have been thinking about the next step of my career. For the few of you in the finance department, what do I need to focus on to go from management accountant to financial controller? Usually there's a step in between...Finance Manager. It's rare anyone would go from accountant to controller. To be a finance manager skills you would need to demonstrate are capability to manage staff, organisation skills, delegation, leadership and mentoring.
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Graxlar
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Post by Graxlar on Aug 17, 2021 8:32:40 GMT
Good to know thanks.
I haven’t worked in a company with a finance manager before but will look at jobs in that area now.
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Post by snackplissken on Aug 17, 2021 8:35:38 GMT
Why don't you go on onlyfans?
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Gl3n
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Post by Gl3n on Sept 25, 2021 6:31:07 GMT
Any tips for imposter syndrome then? After striving the last years I finally got to where I want to be with a new job offer, right before the birth of our first kid in a few months.
I'm elated. Also, quite intimidated.
I've 5 weeks until starting the new gig, we've got a short holiday beforehand which will be a godsend. How do you guys tend to prepare before starting a new thing? I'm under-qualified in some respects so will be spending a chunk of the time upskilling.
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Post by Dougs on Sept 25, 2021 6:37:10 GMT
Everyone blags it, don't they? First 6-12 months are spent blagging it, next 12-18 months knowing what you're doing, next year a bit bored, wanting a new challenge.
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Tomo
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Post by Tomo on Sept 25, 2021 7:11:56 GMT
Everyone blags it, don't they? First 6-12 months are spent blagging it, next 12-18 months knowing what you're doing, next year a bit bored, wanting a new challenge. Yeah this. I'm starting a new job in 4 weeks as well. Newly created department, with an inexperienced manager at the helm, compared to department of 50+ and long-established line manager in my previous role. My new boss has mentioned assigning me one task I'm mildly terrified about. But they employed me for good reason and I'm sure once I've got a hang of the rhythm of group and my head around some of the new technical aspects, it'll be all good.
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Tomo
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Post by Tomo on Sept 25, 2021 7:12:34 GMT
Gl3nWhat are you specifically getting imposter syndrome over?
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Gl3n
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Post by Gl3n on Sept 25, 2021 7:15:26 GMT
Congrats Tomo. I think if you're trying to be aspirational in your career feeling under qualified at the start is the right place to be. As shit as it feels! For me, there are a lot of new elements that are combining to freak me out somewhat. Never worked in software before, its quite a senior role, its quite a strong company with high standards, not much experience in this industry. Leading people who are experts at what they do.
I presented and interviewed well with good answers, but to be honest most of it spoke to theory rather than solid experience.
The culture fit seemed perfect for both parties though. Fake it till you make it I suppose!
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Tomo
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Post by Tomo on Sept 25, 2021 7:25:33 GMT
Ha. I'm moving more into software too, albeit I'm one below managerial level I guess, which similarly scares me for some of the reasons you outline. Perhaps you can go first and report back in 2-3 years when I need to make the same leap I think I've come to learn that mix of queasiness and some excitement at starting a new role is the right feeling. Pushing out of your comfort zone is so rewarding. I remember starting my last job and thinking I was so much less capable than most of the department. They seemed like geniuses and I thought they employed me out of desperation at lack of candidates in my field. Fast forward to a few weeks ago and the look on my boss's face when I said I'm off will haunt me, and the reaction of lots of colleagues has told me I ended up quite a key member of the group. Hoping the butterflies go away in the next few months of my new job and I learn a whole load of new cool stuff. Sure you will smash it too.
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Reviewer
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Post by Reviewer on Sept 25, 2021 7:26:22 GMT
At 40 my only career aspirations now are to work a few more years and then go into contracting for double the money. I’ve done it before but needed to stay local for my family.
I’ve already got more work responsibility than I ever needed or wanted as single point of expertise on stuff at my work. Getting bigger up is just more hassle.
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dmukgr
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Post by dmukgr on Sept 25, 2021 9:30:20 GMT
Congrats Tomo. I think if you're trying to be aspirational in your career feeling under qualified at the start is the right place to be. As shit as it feels! For me, there are a lot of new elements that are combining to freak me out somewhat. Never worked in software before, its quite a senior role, its quite a strong company with high standards, not much experience in this industry. Leading people who are experts at what they do.
I presented and interviewed well with good answers, but to be honest most of it spoke to theory rather than solid experience.
The culture fit seemed perfect for both parties though. Fake it till you make it I suppose! That sounds ideal. I'm a Senior Director of SW for a company that is small but significant in its sector, and you describe me and I've climbed the ladder by having loads of people to lead who really know their shit - I don't. Show then respect and use your naivieity to ask interesting questions to help them solutionise, makes for a happy team with you doing a lot of shit they don't want to as well (HR, admin etc.) I'm sure you will love it.
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dmukgr
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Post by dmukgr on Sept 25, 2021 9:33:08 GMT
Oh yeah, and if you are responsible for things, make sure you are always flexible and have a plan b but most of all, make sure its not always the same people doing the most interesting work or critical work- try to uplift the more quiet people and spread responsibility.
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zagibu
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Post by zagibu on Sept 25, 2021 10:02:30 GMT
Don't worry, manager dudes, we software devs are going to hate you anyway, no matter how exactly your inept attempts at pretending you are useful actually turn out.
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MolarAm🔵
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Post by MolarAm🔵 on Sept 25, 2021 10:10:42 GMT
I'm super happy in my career (libraries + international development), I think partly because I took the time to figure out what my passions were and where I could apply them. I know that's often a luxury that people don't have, though.
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Reviewer
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Post by Reviewer on Sept 25, 2021 10:22:21 GMT
Oh yeah, and if you are responsible for things, make sure you are always flexible and have a plan b but most of all, make sure its not always the same people doing the most interesting work or critical work- try to uplift the more quiet people and spread responsibility. I’d love to do that but my team is currently one person who is a waste of space, a grad and a new starter without a lot of experience. At the moment all our projects need a huge amount of knowledge of what we already do and I’m 250% loaded because I’m the only one that can do it all with no time to train anyone or give them smaller projects to learn on. We have no succession plans in place as we can’t recruit additional people, the new starter is was only because someone with 35 years experience retired.
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dmukgr
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Post by dmukgr on Sept 25, 2021 10:28:45 GMT
Oh yeah, and if you are responsible for things, make sure you are always flexible and have a plan b but most of all, make sure its not always the same people doing the most interesting work or critical work- try to uplift the more quiet people and spread responsibility. I’d love to do that but my team is currently one person who is a waste of space, a grad and a new starter without a lot of experience. At the moment all our projects need a huge amount of knowledge of what we already do and I’m 250% loaded because I’m the only one that can do it all with no time to train anyone or give them smaller projects to learn on. We have no succession plans in place as we can’t recruit additional people, the new starter is was only because someone with 35 years experience retired. That sucks and is obviously the fault of whoever is above you. They really should be getting rid of the waste of space but of course, you already know this.
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Post by Zomoniac on Sept 25, 2021 10:34:10 GMT
I need career advice. This seems like a good place.
I’ve been in my current job 18 years (I’m 36). Became part owner, and two years ago it was sold to an investment group. On the whole I did very well out of it, the sale proceeds got us the deposit on a house, and the rest is in investment accounts so we’re well set for retirement.
Problem 1 is I don’t like what it’s turned into. We’ve gone from a small team to a small branch of a big group where everything is a branching network of bollocks, nobody has any idea what’s going on. I asked for a contract amendment before Christmas, was told it would be fine, have asked every week since and just been told it’ll get sorted. It’s been 9 months. I also don’t like the product at all (never have). Even though I made most of it, I’ve had almost no creative input. Our old MD who likes to control everything “retired” a few months ago and I thought that would improve things, but he’s now back as a contractor doing the same job with no sign of going away.
Problem 2 is my contract. I have a six month notice period and I’m not some kind of big exec where that might be common, so getting a job offer before handing in my notice would be very hard. Also there are loads of clauses about not having additional incomes so I can’t start my own thing on the side to see how I get on. I do want to start my own thing but I have the social skills of a disturbed badger so am worried about selling myself. Also I work in a super niche field, job opportunities are rare.
On the one hand, it’s a well paid job and I am thinking maybe it’s a case of better the devil you know. On the other, I’ve been at this job literally half my life and feel totally unfulfilled. We can’t get by easily without me having an income (could manage a year but would mean taking out of retirement investments which would rather not do), but getting a job with my notice period will be hard and I feel a bit trapped.
I’m aware I haven’t actually asked a question. Just looking for some advice if anyone’s been in a similar situation?
Tldr: I don’t like my job and can’t afford to risk leaving it because of contract obligations. What should I do?
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zagibu
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Post by zagibu on Sept 25, 2021 11:54:58 GMT
Jesus, dude, if someone who is "well set for retirement" doesn't even dare quit out of fear of not finding a new job, what are the rest of us poor schmocks going to do?
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mrharvest
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Post by mrharvest on Sept 25, 2021 12:22:51 GMT
Zomoniac, cast out feelers to businesses you might be interested in that aren't in competition with your current gig. If you have 18 years experience in a business that you've literally grown from zero chances are some subset of your skills are in demand. You sign a tentative contract with the new company, hand in your resignation, coast along for six months and move to your new gig.
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Tomo
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Post by Tomo on Sept 25, 2021 13:10:38 GMT
Congrats Tomo. I think if you're trying to be aspirational in your career feeling under qualified at the start is the right place to be. As shit as it feels! For me, there are a lot of new elements that are combining to freak me out somewhat. Never worked in software before, its quite a senior role, its quite a strong company with high standards, not much experience in this industry. Leading people who are experts at what they do.
I presented and interviewed well with good answers, but to be honest most of it spoke to theory rather than solid experience.
The culture fit seemed perfect for both parties though. Fake it till you make it I suppose! That sounds ideal. I'm a Senior Director of SW for a company that is small but significant in its sector, and you describe me and I've climbed the ladder by having loads of people to lead who really know their shit - I don't. Show then respect and use your naivieity to ask interesting questions to help them solutionise, makes for a happy team with you doing a lot of shit they don't want to as well (HR, admin etc.) I'm sure you will love it. This and following post sounds like great advice.
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Reviewer
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Post by Reviewer on Sept 25, 2021 13:35:48 GMT
The six month notice period isn’t enforceable as far as I know, no matter what the contract says.
Six months is also ridiculous.
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dmukgr
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Post by dmukgr on Sept 25, 2021 13:58:15 GMT
Zomoniac, cast out feelers to businesses you might be interested in that aren't in competition with your current gig. If you have 18 years experience in a business that you've literally grown from zero chances are some subset of your skills are in demand. You sign a tentative contract with the new company, hand in your resignation, coast along for six months and move to your new gig. Yeah this, or go for something completely different and use the six months to train up and risk getting a job at the end. Your savings are then a safety net that hopefully you won't have to use. Alternatively, start your own business with no new income for the first six months whilst 'winding down' on your notice period and still getting paid.
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Post by Dougs on Sept 25, 2021 14:17:14 GMT
How on earth are they going to prove whether you have a side business that earns. Especially if it's in a different sector and you keep things very separate, no LinkedIn promotion etc.
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Post by Trowel 🏴 on Sept 25, 2021 14:44:27 GMT
I need career advice. This seems like a good place. I’ve been in my current job 18 years (I’m 36). Became part owner, and two years ago it was sold to an investment group. On the whole I did very well out of it, the sale proceeds got us the deposit on a house, and the rest is in investment accounts so we’re well set for retirement. Problem 1 is I don’t like what it’s turned into. We’ve gone from a small team to a small branch of a big group where everything is a branching network of bollocks, nobody has any idea what’s going on. I asked for a contract amendment before Christmas, was told it would be fine, have asked every week since and just been told it’ll get sorted. It’s been 9 months. I also don’t like the product at all (never have). Even though I made most of it, I’ve had almost no creative input. Our old MD who likes to control everything “retired” a few months ago and I thought that would improve things, but he’s now back as a contractor doing the same job with no sign of going away. Problem 2 is my contract. I have a six month notice period and I’m not some kind of big exec where that might be common, so getting a job offer before handing in my notice would be very hard. Also there are loads of clauses about not having additional incomes so I can’t start my own thing on the side to see how I get on. I do want to start my own thing but I have the social skills of a disturbed badger so am worried about selling myself. Also I work in a super niche field, job opportunities are rare. On the one hand, it’s a well paid job and I am thinking maybe it’s a case of better the devil you know. On the other, I’ve been at this job literally half my life and feel totally unfulfilled. We can’t get by easily without me having an income (could manage a year but would mean taking out of retirement investments which would rather not do), but getting a job with my notice period will be hard and I feel a bit trapped. I’m aware I haven’t actually asked a question. Just looking for some advice if anyone’s been in a similar situation? Tldr: I don’t like my job and can’t afford to risk leaving it because of contract obligations. What should I do? I was in an almost identical position a couple of years back - 18 years in the same company, senior management, financially comfortable, six month notice period, small company getting bought by a multi-national. I got out through redundancy, which was a huge shock at the time, but has proven to be a great career reset. I'm now working as a contractor, which gives me the flexibility to choose the work I find interesting at the rate I want. Appreciate redundancy and contract work might not be an option for you.
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Gl3n
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Post by Gl3n on Sept 26, 2021 7:39:20 GMT
That sounds ideal. I'm a Senior Director of SW for a company that is small but significant in its sector, and you describe me and I've climbed the ladder by having loads of people to lead who really know their shit - I don't. Show then respect and use your naivieity to ask interesting questions to help them solutionise, makes for a happy team with you doing a lot of shit they don't want to as well (HR, admin etc.) I'm sure you will love it. This and following post sounds like great advice. Yeah this is great, thanks! Its a program management role basically, I'm not supposed to be technical, I'm supposed to lead others and herd cats. Its settled in a bit more over the last 24 hours. Really excited to get going.
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Post by Zomoniac on Sept 26, 2021 7:51:31 GMT
Jesus, dude, if someone who is "well set for retirement" doesn't even dare quit out of fear of not finding a new job, what are the rest of us poor schmocks going to do? I wasn’t looking for sympathy! I know I’m very fortunate and privileged, I just feel unfulfilled and like something’s missing. And yes, I do feel very guilty about being unhappy in a situation that a lot of people would kill for. First world problems and that. Thanks for the pointers everyone, I’ll put out some feelers and have a look at what the contracting opportunities might be, that could well be the way to go.
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Post by Zomoniac on Sept 26, 2021 7:52:21 GMT
How on earth are they going to prove whether you have a side business that earns. Especially if it's in a different sector and you keep things very separate, no LinkedIn promotion etc. I’d want to do it as a limited company for protection so would come up on Companies House.
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Post by Dougs on Sept 26, 2021 8:45:09 GMT
Depends on the wording in the contract I guess - any new venture won't turn a profit straight away...
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