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Patrick Ibarra Patrick Ibarra The Mejorando Group The Mejorando Group Role of the Finance Director in Role of the Finance Director in Today’s New Reality Today’s New Reality CSMFO 2010 Annual Conference

Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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Page 1: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

Patrick IbarraPatrick IbarraThe Mejorando GroupThe Mejorando Group

Role of the Finance Role of the Finance Director in Director in

Today’s New RealityToday’s New Reality

CSMFO 2010 Annual Conference

Page 2: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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““We can’t solve We can’t solve problems by using problems by using the same kind of the same kind of thinking we used thinking we used when we created when we created

them them – – Albert EinsteinAlbert Einstein

Page 3: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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Finance Director

Role

Finance Director

Role

EconomyEconomy

Service Delivery

Service Delivery

Staff TurnoverStaff TurnoverFinance Profession

Finance Profession

Legislation & Legal

Legislation & Legal

MediaMedia

Elected Officials

Elected Officials

Change Factors…

Technology

Page 4: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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Changing Role…Changing Role…

Transactional to ConsultativeTransactional to Consultative Compliance centric to results Compliance centric to results

orientedoriented Functional to PartnershipFunctional to Partnership Staffing to Talent ManagerStaffing to Talent Manager Updates to ForecastUpdates to Forecast

Page 5: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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Change in Change in Focus/ChallengesFocus/Challenges

Shifting terrain= fluidityShifting terrain= fluidity Transactions much more Transactions much more

complexcomplex Public expectations for Public expectations for

outcomes, not inputsoutcomes, not inputs Decentralized decision makingDecentralized decision making Information requirementsInformation requirements

Page 6: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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Challenges Challenges Continue…Continue…

Resource limitationsResource limitations Exploding technologyExploding technology Uncertain economyUncertain economy Expectations – citizen, elected Expectations – citizen, elected

officials, etc.officials, etc. E-commerce and M-commerceE-commerce and M-commerce Workforce DemographicsWorkforce Demographics RegulationsRegulations

Page 7: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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Role of the CFO: Leader & StewardRole of the CFO: Leader & Steward

CFO

CFO CFO Organization Organization ManagementManagement

Stakeholder Management

Management Advice &

Performance ManagementPlanning &

Resource Management

Financial Accounting &

ReportingRisk

Management & Control

Policy Development

Leadership

Stewardship

Public Sector CFO MANAGEMENT FRAMEWORKTM

Source: Deloitte & Touche, LLP

Page 8: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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Keys to New Role Keys to New Role Establish clear Establish clear

governance/accountabilitygovernance/accountability Attract and retain top performersAttract and retain top performers Fortify relationships Fortify relationships Integrate processes and services with Integrate processes and services with

operational improvementsoperational improvements Develop a Performance Dashboard.Develop a Performance Dashboard. More reports don’t always equate to More reports don’t always equate to

better communicationbetter communication Develop technology master planDevelop technology master plan

Page 9: Patrick Ibarra The Mejorando Group Role of the Finance Director in Today’s New Reality CSMFO 2010 Annual Conference

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Who are we?Who are we? A Consulting PracticeA Consulting Practice What do we do?What do we do? Partner with organizations and Partner with organizations and

implement solutions to improve organizational implement solutions to improve organizational performance.performance.

How do we do that?How do we do that? We provide expertise in:We provide expertise in:Organizational Effectiveness StrategiesOrganizational Effectiveness StrategiesChange ManagementChange ManagementSuccession/Workforce PlanningSuccession/Workforce PlanningTeam BuildingTeam BuildingLeadership and Management Skills TrainingLeadership and Management Skills Training

How do you contact us?How do you contact us? Patrick Ibarra, 925-518-0187 or Patrick Ibarra, 925-518-0187 or [email protected] [email protected]

Web addressWeb address:: www.gettingbetterallthetime.com www.gettingbetterallthetime.com

Our mission is to help organizations and Our mission is to help organizations and their members “get better all the time”their members “get better all the time”

The Mejorando Group The Mejorando Group