CFO Test

When looking to fill a CFO position, it's important to make sure that the candidate has the skills necessary to do the job. A CFO skills test can help ensure that the candidate is a good fit for the position.

  • What is a CFO skills test?

    A CFO (chief financial officer) is in charge of the finances of a company, including reporting, accounting, tax management and treasury.

    A CFO test is part of the recruitment process to ensure the best candidate is hired. It uses a range of targeted questions focused on data analysis and situational awareness.

    As most CFOs will have extensive experience, it can often be difficult to identify the strongest candidate from CVs and interviews. The CFO test offers comparable data that can be used to determine who would be the most ideal candidate.

Jump to a section on this page:

  1. What is a CFO skills test?
  2. What are the benefits of using the CFO skills test for pre-screening?
  3. How our test measures CFO skills
  4. CFO Test FAQs

Identify the best candidates and hire faster

Our pre-employment tests let you drill down to the best candidates at the click of a button.

  • Find those candidates who will excel in the role.

    Select the assessments that match the skills or behaviours for the position. You can test for software or coding competency, soft skills like teamwork, or personality traits, to be sure those who pass have high potential.

  • Reduce costs and time.

    No more laborious sifting of resumes or cover letters. Pick your ideal assessment mix, invite your applicants to take them, see the results in your dashboard. Get to the interview stage fast.

  • Eliminate bias.

    All your candidates take the assessments on a level playing field. Only their results determine whether they get shortlisted.

  • What are the benefits of using the CFO skills test for pre-screening?

    One of the benefits of using the CFO skills test for pre-screening is that it measures the specific skill set needed while disregarding personal characteristics which could lead to hiring bias.

    Using the tests also saves the company money as candidates can complete them at home, prior to attending either a face-to-face interview or online.

    The questions focus on skills relevant to being a CFO. This includes hard skills, such as numerical reasoning, data analytics and organization, as well as soft skills, such as adaptability, project management and teamwork.

    In addition to this, the skills test focuses on up-to-date software which is important in the role, such as Microsoft Excel. The questions are presented as multiple-choice.

    Applicants are compared to one another, producing data-driven evidence on who should progress to the next round of the hiring process.

    The CFO skills test could be used for a range of jobs including accountant, business manager, CEO and finance officer. Any job that has a focus on finances or numerical data could use the CFO skills test.

More Job Skills Tests

How our test measures CFO skills

Test questions are designed to assess industry-specific technical skills, soft skills, aptitude and suitable personality dimensions. Our data-driven approach provides results that enable you to determine how suited is a candidate for the role.

Depending on the type of question, the format of the test may vary. Multiple-choice questions are used to measure aptitude, technical skills and soft skills, while agreement on a Likert scale assesses suitable personality dimensions. Skills tests ensure that candidates are being evaluated in a precise and impartial manner, their results demonstrating the true knowledge and potential of each test taker.

The characteristics required to become a CFO were determined by looking at the skills and abilities listed in the US Department of Labor’s O*NET database, which collects data from professionals in various fields.

O*NET is the largest database of its kind, providing detailed information about occupations and the requirements for each role.

Our team of I/O psychologists and psychometrics worked closely with subject-matter experts to create an extensive question bank that can be used to test multiple candidates. We also conducted rigorous field testing with a representative sample of candidates to ensure that the questions were reliable and valid.

Test scores are averaged together to give an overall score. The average score is compared to other candidates' scores to ensure there is no bias toward certain candidates.

Our CFO test is constantly updated and optimized to ensure the best experience and results.

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Validated

Predictor of job success

Picked provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).

  • Assessments

    A full suite of assessments

    Our platform comes with 12 tests across both foundation and advanced levels so they’re suitable for everyone. Including aptitude, behavioural and personality tests, you’ll have a full range of tests to help you find the candidates you’re seeking.

  • Analytics

    An array of candidate metrics

    For each of your candidates, you’ll be given a comprehensive report. Included will be all the metrics you need to build a detailed picture of each candidate and ensure you’re making the right hiring decisions.

“The platform is so simple to use. I had used competitor providers for over six years and will never go back. Fast, efficient and friendly!”
Greg Chambers, HR Business Partner, Littlefish Ltd
Greg Chambers, HR Business Partner, Littlefish Ltd

CFO Test FAQs

What kind of previous work experience should a potential CFO have?

You usually need a degree in a maths-related topic, such as accounting or finance, as well as experience working in one of these fields. Past work experience should demonstrate the ability to understand and analyze data. The amount of experience is subjective to the company, but the average is 8 years.

What are the most important skills needed by a CFO?

Numerical reasoning and data analysis are essential mathematical skills that a CFO should have. In addition to mathematical skills, it is crucial that a CFO has strong leadership skills and problem solving abilities. These skills are necessary to lead a team and manage the company’s finances efficiently.

Can I see what the test is like?

Yes, of course. You can try the test for free by signing up for a free trial.

Are these tests available in my plan?

We have a range of plans available. The difference between the plans is the number of test attempts permitted, not the type of tests. All our plans include our full test suite comprising all tests and all levels.

“An unbeatable service, impressive platform and fantastic value for money.”
Laurence Fishman, Partner, NLPCA
Laurence Fishman, Partner, NLPCA

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