Our Chapter is periodically contacted by human resource staff and others seeking CFEs for recruitment to both in-house staff and management positions. I took the opportunity afforded by one such call this last week to query the caller about what her ideal CFE candidate would look like. What attributes came to mind when she pictured the experienced CFE she was seeking? Technical ability? Investigative knowledge? Attention to detail?
All of those were certainly important, she said, but since this position would supervise others and deal directly with clients, she mentioned what she called ‘success skills’ (sometimes termed soft skills) as of over-riding importance. I asked her what she meant by success skills specifically and she said that for her and for many other human resource professionals, the culture of the organization she is recruiting for and the professional’s interpersonal behaviors and critical reasoning and judgment can frequently heavily outweigh technical skills and relevant experience. After I referred her to several folks who had furnished our Chapter with resumes for just this kind of enquiry, my caller pointed me to several sources where I could obtain information on the types of skills to which she was referring.
My somewhat cursory research revealed that some of the most common success skills employers look for and which they use to assess experienced employment candidate CFEs today include:
1. A strong work ethic — are they motivated and dedicated to getting the job done, no matter what? Will they be conscientious and do their best work?
2. A positive attitude — are they optimistic and upbeat? Will they generate good energy and good will especially with subordinates and clients?
3. Good communication skills — are they verbally articulate and good listeners? Can they make their case and express their needs in a way that builds bridges with colleagues, clients and team members?
4. Time management abilities – does the CFE candidate know how to prioritize tasks and work on a number of different projects at once? Will they use their time on the job wisely?
5. Problem-solving skills — are they resourceful and able to creatively solve problems that will inevitably arise during challenging investigations? Will they take ownership of problems or leave them for someone else?
6. Being a team player — will they work well in groups and teams? Will they be cooperative and take a leadership role when appropriate?
7. Self-confidence — do they truly believe they can do the job? Will they project a sense of calm and inspire confidence in others during investigative assignments? Will they have the courage to ask the questions that need to be asked and to freely contribute their ideas?
8. Ability to accept and learn from criticism — will they be able to handle criticism? Are they coachable and open to learning and growing as a person and as a professional no matter their present experience and authority level?
9. Flexibility/adaptability — are they able to adapt to new situations and challenges? Will they embrace change and be open to innovative ideas and investigative approaches?
10. Working well under pressure — can they handle the stress that accompanies investigative and reporting deadlines and crises? Will they be able to do their best work and come through for the employer in a pinch?
Armed with this information, I got back in touch with my caller and asked a few more questions; she was very forthcoming. It turns out that there is a wide range of questions interviewers can ask when trying to gauge the soft skills of a potential CFE hire. When it comes to interpersonal skills, my interviewee told me they may ask candidates to describe an unusual person they know and why the person may be different. Communication skills can be determined by having candidates relate their experiences with an angry or frustrated corporate counsel, client, coworker or interviewee. A popular question that is often asked to measure the ability of a candidate to work on a team is centered on the discussion of an investigative project that was not successful and how it was handled. The question of solutions to problems may also deal with negative situations and how they were overcome. Therefore, questions used to assess success skills often have an individual addressing the how and why, rather than what, where or who.
The next question I had for my respondent was regarding her opinion as to how a candidate CFE could go about acquiring and strengthening these skills since they really don’t involve the type of technical matters typically focused on in the everyday business school training curriculum. She replied that working with people who exhibit strong soft skills is an effective way of learning those skills. Many professional organizations like the ACFE run internal mentoring programs so that senior practitioners can pass on their knowledge and experience to newer professionals. Training events of local chapters of associations such as the ACFE are another good place to meet with experienced professionals who can assist with mentoring and soft skills.
It seems to me that success skill communication especially under-pin all aspects of the CFEs work. I can remember very early on in my auditing career reading that communication is not easy because something said doesn’t mean it was said correctly; something said correctly doesn’t
mean it has been heard; something heard doesn’t mean it was understood; something understood doesn’t mean it has been agreed upon; something agreed upon doesn’t mean it has been applied; something applied doesn’t mean it has been continually practiced. Communicating anything effectively as a professional is, therefore, an on-going continuous process that is almost never complete and seldom perfect.
The desire to grow professionally and develop a successful career is evident in most CFEs, as in all other professionals, and while the opportunity to be on the forefront of this challenge exists, it is not emphasized enough, hence what recruiters and human resource professionals have identified as the success skills gap. Critical success skills, such as interpersonal behavior, communication, report writing and presentation skills, that augment technical skills are important in developing a successful career. However, to the disadvantage of employees, especially young professionals, these skills are seldom even emphasized let alone actively taught in the typical workplace. Similarly, employees do not recognize the lack of or need for such skills and miss valuable opportunities to improve them.
In an increasingly information- and technology-driven society, success skills increasingly shape the structure of the workplace. This fact is found to be especially evident in the audit, investigative and information systems environments. Assurance professionals need to interact seamlessly with customers/clients, work in teams, communicate technical details and build relationships.
Managers hiring new and experienced CFEs will always ask: Is the candidate able to lead a team successfully, communicate effectively, make presentations or write an investigative report to management? These are key skills that determine promotions, raises and job success.
In summary, CFE job applicants are always weighed on their technical ability and, increasingly today, on their success skills. Employers often ask whether job candidates are the best fit for the organization or whether candidates will align well with the organization’s culture. Furthermore, as a number of headhunters have told me, employers can easily teach the technical skills. The success skills that make up a candidate’s character and demeanor are not so easily taught yet can have an enormous impact on whether a candidate eventually gets his or her dream job or the top-floor corner office. So, a mix of both cognitive and noncognitive skills, the latter such as motivation, self-esteem and perseverance, determine many life outcomes, including education, health and even involvement in crime.
To benefit from strong success skills and develop a long-term career, the foremost step for young professionals as for any other professional, is to own their career. The ability to direct and fill roles in opportunity areas highly depends on career ownership and effective personal management. Success skills are increasingly becoming the often-unrecognized element for career mastery; as recruiters tell me, the bottom line is that a full professional success depends on their mastery.