Finance roles are now seeing a transformation brought about by artificial intelligence, moving from being mere transactional into being strategic.
According to Mitt Mehta, a Forbes Councils member, the technological advancement is allowing CFOs with more time for strategic planning, making room for augmentation of analytical abilities.
It should be noted, however, that the success of AI implementation in organisations requires new expertise, as human validation of outputs remain crucial. Not to mention how data quality is also a significant challenge.
Finance professionals therefore are in need to be able to understand model limitations and translate insights, creating a skills gap and emphasising the finance business partner role, which demands stronger communication skills.
With this change comes new roles for FP&A professionals:
- Digital Twin Guardian: Ensures digital twin integrity
- Intelligent Tool Integrator: Bridges AI and enterprise systems
- Agent Manager: Oversees autonomous AI
- Responsible AI Steward: Ensures ethical AI (bias, transparency)
- FP&A Data Scientist: Bridges finance/data science
- Finance Citizen Developer: Builds automations via low code
Mehta says these roles pave the path for hybrid finance and AI literacy, as autonomous agents raise governance challenges, so companies will need to have ethical frameworks and human oversight in place.
