CEO Insights Magazine

In the dynamic world of finance, having a skilled and strategic leader at the helm is crucial for a company's success. The Head of Finance plays a central role in steering an organization towards financial stability and growth. From formulating longterm financial plans to ensuring operational efficiency, they are the architects of a company's financial wellbeing. In Myanmar's thriving microfinance sector, Aye Thet Phyu, the CFO of Microfinance Delta International Company, exemplifies this pivotal role. Her financial acumen and strategic foresight have been part of instrumental in propelling Microfinance Delta towards remarkable financial sustainability despite of challenges.

In this interview, Aye Thet Phyu walks us through her journey into the finance world and highlights key trends in the industry.

Could you share about your professional journey?

I have over 15 years of experience in finance and accounting, gained across various industries. I've been fortunate to work in different sectors, including trading and financial services, which has provided me with invaluable insights into different cultures and work environments, especially within international companies.

I began my career in a trading company and have since transitioned to Microfinance Delta International Company, a subsidiary owned by a Japanese firm. At Microfinance Delta, we specialize in offering loans and savings products to micro and small-medium business owners.

Throughout my career, I've always sought roles that challenge me and align with my career goals. I believe that facing challenges head-on and committing to excellence in every step of my journey has been instrumental in my growth. I've learned that embracing challenges and consistently striving for excellence opens doors to new opportunities. I firmly believe that dedication and timely action are key to seizing these opportunities.

Given the dynamic nature of the CFO role today, could you discuss how you understand and implement best practices to add value to the business as a CFO?

The role of the CFO has evolved significantly. In modern times, CFOs are deeply involved not only in innovative financial strategics but also in digital transformation. They also play a crucial role in strategic planning, data-driven decision making, proactive in managing risk, fundraising and cross-functional collaboration in preparing of financial projection fundraising. Collaborating with CEO and other departments, such as resources allocation and set up KPIs are key to successful projects. Moreover, considering the country's economic situation and regulation, which can change rapidly, CFOs must adapt plans accordingly. Anticipating these changes and adopting a flexible approach is essential for a CFO to add value and contribute to the organization's success.

How has your role evolved into a key driver of decision-making processes, and how do you influence these decisions?

As a modern CFO, my role has evolved into a part of key driver of the decision-making processes within the organization. I focus on effectively allocating resources and aligning them with our strategic goals. This involves using performance metrics and KPIs to track our progress, which I find particularly interesting.

To ensure the company's financial health remains strong, I prioritize cost management, increasing productivity levels, and controlling cash flow. These are crucial tools in maintaining our financial stability and achieving our long-term objectives.

In managing financial risks, I employ a proactive approach. This includes tracking financial ratios, analyzing long-term issues with lenders, assessing the Asset liability mismatch, and conducting credit assessments. Additionally, regular budget and performance analyses, along with annual audits, help us to keep track of our accounts and mitigate any negative impacts on our budget. This comprehensive approach allows us to identify and manage financial risks effectively, ensuring the company's reputation remains intact.

Could you talk about your leadership approach?

In my role as CFO, I ensured that all tracks and ratios were closely monitored and analyzed. I actively engaged in strategic planning with the management team to enhance our overall performance.

When it comes to managing a team and collaborating with other departments, I value diversity. I strive to promote fair treatment and full participation of all team members, encouraging input from various perspectives. I believe in providing opportunities for growth and career advancement, promoting team members based on their readiness and capabilities.

As a leader, I prioritize listening to my team members and addressing any issues that may arise. I am proactive in making decisions and providing solutions when needed. Overall, I am deeply committed to actively engaging with my team, fostering a collaborative and inclusive work environment where everyone has the opportunity to growth.

What are your future aspirations and where do you plan to invest your time going forward?

For the past four years, I've found immense purpose in working within the microfinance sector. It's incredibly rewarding to serve my community by providing financial services that can empower individuals and families. This dedication to financial inclusion has been a driving force in my career.

However, I believe in continuous learning and growth. To further hone my skills and broaden my impact, I'm planning to pursue additional studies. While I've always valued collaborative planning, I'm also open to exploring diverse opportunities that align with my future goals. While the specifics of my next destination remain undecided, I'm confident that my passion for financial empowerment will continue to guide my path. 

Aye Thet Phyu, CFO, Microfinance Delta International Company

Aye Thet Phyu is the CFO at Microfinance Delta International. She holds a Master's degree in Banking and Finance and has completed the ACCA applied skills level. Aye Thet Phyu has worked as an Accountant, Executive Accountant, and Chief Accountant, progressing step by step with the mantra 'never give up and try your best.' In MIFIDA, she was promoted from AGM (Finance) to Deputy CFO and then to CFO in December 2022, reflecting the recognition of her performance and leadership in the financial role.