The chief financial officer (CFO) plays a critical role in any major organization. The specific duties of a CFO can vary somewhat from one company to the next. However, in general, a CFO is tasked primarily with ensuring an organization remains financially strong.

It’s also worth noting that the nature of a CFO’s role within a company is changing throughout various industries. Across many companies, CFOs are becoming involved in duties and aspects of the organization where they traditionally have not had influence. If you own a company, it’s important to understand precisely how these changes are coming about. You’ll want to know which qualities to prioritize when hiring a new CFO. Even if your company ultimately decides to outsource its CFO, you will still want to make sure that whoever you work with is solid in the three categories listed below.

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