The NJBIZ CFO of the Year awards program celebrates New Jersey’s financial executives at all levels who contribute to the success of the state’s economic growth and stability. David Huber, CFO of Horizon Blue Cross Blue Shield of New Jersey, was honored as the best CFO for a private company generating revenue of over $50 million.
Huber noted the importance of the CFO role in today’s business world. Where it was once largely a record-keeping rule, he said, “Today the CFO is expected to be a business partner to the CEO and senior management team. The CFO must be able to understand the business from the frame of reference of constituents, including customers, employees, board members, rating agencies, regulators, etc. I spend most of my time looking forward.”
The value of a good CFO cannot be underestimated, in fact, some say the CFO may be even more important than a CEO. A CFO needs a wide variety of skills and experiences in the ever-changing market structure of today’s world. The person in this essential role is often called upon to weigh in on strategic decisions involving the organization, including everything from transactions to providing assessments of emerging markets and analyses that go way beyond looking at the books and figuring out whether or not there is enough cash available to support an investment.
With a business’ success or failure often hinging on the talents of the CFO, it’s essential to find just the right person to fill that role. You’ll want to find a CFO service that can locate the top talent available to perform tasks that are vital to the company.
You may want to find a CFO service that is able to provide an Outsourced CFO to help manage your financial operations as an excellent cost savings solution. An increasing number of small to midsize business owners have discovered that they can afford a seasoned CFO by utilizing CFO services, relieving the big burden of managing the company’s financing, while allowing them to focus on what they do best.
If this sounds like good business sense to you, to find a CFO service that can provide your company with the best talent available while eliminating the need to pay the high costs associated with hiring an employee like payroll taxes and health benefits, look to GoodAccountants.com who can deliver the most qualified CFO candidates to choose from at no cost or obligation.