Being a chief financial officer in 2012 can be a daunting task.
In an economy that is making a slow climb to recovery, obstacles and difficult decisions are everywhere. How to keep an organization stable, let alone thriving, can be a daunting task.
Creative, forward-thinking solutions – especially those that are low in cost and high in efficiency – are required.
For South Kingstown Finance Director Alan R. Lord, this creative thinking meant banding together with other towns to get a favorable rate for medical-insurance administrative fees – which will save the community $400,000 over the long haul.
Over at UnitedHealthcare of New England, Lauren Conway is blurring the lines between her role as CFO and other functions by becoming genuinely invested in the overall business, boosting collaboration whenever possible and building her professional value. She leads new initiatives and projects outside of her area of responsibility to help United remain successful.
And for the Lifetime Achievement Award winner, Anthony H. Bliss, it’s all about making the numbers add up to support his big-hearted organization. Bliss is the CFO of Family Service of Rhode Island, and he has spent his professional life in the nonprofit world. Since coming to Rhode Island five years ago, he has had to navigate the most difficult financial environment.
The results of his efforts are obvious as well as significant. He turned a $1 million deficit into a $300,000 surplus by last year, all the while keeping in mind the mission of the nonprofit to help children and families in need.
Of course, all the honorees in this issue know how to handle the numbers. It’s just their extra effort, especially in the state’s prolonged slump, that has shone a light on these high achievers.
Join us in applauding the state’s top CFOs.
Mark S. Murray