Ilume

Author: Kraus-Anderson Insurance

Welcome to Ilume, a podcast for bright minds on risk, brought to you by Kraus-Anderson Insurance. Listen and learn about current strategic business risks from industry experts and insight leaders as we strive to meet your greatest risk challenges with innovation and depth of knowledge. Our co-hosts, Seth Hausman and Heather Burmeister are looking forward to bringing you insightful conversations and practical ideas, in a light, friendly, and fun format.
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Language: en

Genres: Business, Entrepreneurship, Management

Contact email: Get it

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Does your CFO know she is also the chief risk officer?
Episode 32
Monday, 17 February, 2025

Who is responsible for the function of managing risk in your business? If the answer is your risk manager or your insurance agent (or maybe nobody), then this episode is for you. Risk managers and insurance agents play an important role in defining processes and procedures for managing risk and providing options including insurance for business decisions that come with risk. However, when it comes to recognizing risk, opportunities, and making those decisions, the business leaders are often in the best position to lead and within that leadership team, it is often the CFO who is best positioned to see all the risks that exist, understand the impact, and help prioritize governance and controls. Companies that stay informed of their risks, and use that information in their decision making, have the best opportunity to grow profitabily. Rick Nordvold, the founder and CEO of Growth Operators joins us for this episode to discuss the key role that the CFO plays in the function of risk management and how, even a fractional CFO can improve risk based decision making and decrease costs.