If you are looking to move to the C-Suite, having P&L responsibility listed on your career documents can dramatically increase your chances of winning new opportunities. Profit and loss responsibilities at an organization often includes overseeing cash flow and advising on budget allocations for either a department or the organization as a whole.

Having these experiences show recruiters you are a leader in your current organization with strong financial acumen needed to excel at the next level. But, it is also very competitive as few are given these financial duties and as organizations and consumers alike are more focused on responsible spending by corporations. If you are looking to take on P&L responsibilities in your organization, here are 5 important traits to develop in order to excel.