At a Glance
- Tasks: Lead a finance transformation project to improve operations and reporting.
- Company: Established business seeking to enhance its finance function.
- Benefits: Opportunity to make a significant impact in a short-term role.
- Other info: Six-month assignment with clear objectives and full responsibility.
- Why this job: Take ownership of financial recovery and leave a lasting legacy.
- Qualifications: Proven experience in finance transformation and leadership.
The predicted salary is between 59400 - 72600 £ per year.
Interim Finance Director – Finance Transformation & Operational Recovery – 6 Month Assignment
Cheadle
We are recruiting an experienced Interim Finance Director for an established business that requires significant improvement across its finance operation.
This is a genuine transformation and recovery assignment.
The business has reached a point where its existing finance function is not operating effectively.
Financial processes, reporting, controls, and overall accountability require a comprehensive review and, where necessary, fundamental change.
The shareholders and senior leadership recognise that the current operation is not delivering the financial information, visibility or control required to run the business effectively.
They are therefore seeking an accomplished Interim Finance Director who can take immediate ownership of the situation, establish the underlying issues, and implement a structured programme of improvement.
This is not a business-as-usual Finance Director role.
The successful individual will be appointed specifically to identify what is wrong, fix it and leave behind a finance operation that works.
The Assignment
Reporting directly to the shareholders/Managing Director, you will have responsibility for reviewing, stabilising and transforming the finance function over an initial six-month period.
Your priorities will include
- Undertake a comprehensive review of the existing finance operation.
- Identify weaknesses in financial reporting, controls, systems, processes and team performance.
- Assess the reliability and accuracy of existing financial information.
- Establish the root causes of operational inefficiencies and reporting failures.
- Present a clear assessment of the issues and an immediate recovery plan.
- Restore confidence in the accuracy of the company's financial information.
- Review and improve management accounts, month-end processes and balance sheet reconciliations.
- Establish appropriate financial controls, accountability and approval processes.
- Improve reporting timelines, consistency and financial visibility.
- Introduce meaningful management information and performance reporting.
- 3. Cash Flow & Working Capital
- Review the company's current cash position and working capital processes.
- Establish reliable cash-flow forecasting and monitoring.
- Review debtor management, creditor controls and payment processes.
- Identify opportunities to improve cash conversion and financial efficiency.
- Ensure senior leadership has accurate visibility of current and future cash requirements.
- 4. Finance Team Assessment & Development
- Review the existing finance team structure, responsibilities and capabilities.
- Identify gaps in knowledge, performance, leadership and accountability.
- Implement clear responsibilities, reporting lines and performance expectations.
- Recommend restructuring or additional recruitment where required.
- Coach and develop the team to ensure improvements are sustainable.
- 5. Systems, Processes & Operational Improvement
- Assess the suitability and effectiveness of existing accounting systems.
- Identify duplicated work, manual processes and unnecessary complexity.
- Improve financial workflows, controls and reporting procedures.
- Introduce automation and process improvements where commercially appropriate.
- Ensure the finance function is structured to support future business growth.
- 6. Commercial Finance & Business Support
- Improve the quality of financial information available to operational management.
- Review profitability, margins, cost control and financial performance.
- Introduce more effective budgeting, forecasting and variance analysis.
- Support shareholders in making informed commercial decisions.
- Establish a finance function that actively contributes to business performance rather than simply processing transactions.
We are looking for an experienced, commercially minded Interim Finance Director who has successfully completed similar finance transformation or recovery assignments.
At the end of the six-month assignment, the business should have
- Reliable, accurate and timely financial reporting.
- Robust financial controls and documented procedures.
- Improved cash-flow visibility and working capital management.
- A finance team with clear responsibilities and accountability.
- Efficient and consistent month-end reporting.
- Appropriate systems and processes supporting the business.
- Greater financial visibility for shareholders and senior leadership.
- A clear, sustainable finance operating model with an agreed handover plan.
Six months. A clear mandate. Full ownership of improving the finance operation.
Interim Finance Director in Cheadle Hulme employer: Platinum Recruitment Group Ltd
Platinum Recruitment Group Ltd is an excellent employer, offering a supportive and collaborative work culture in the heart of Altrincham. With a focus on employee growth, you will have opportunities to develop your skills while managing a diverse client portfolio, all within a friendly team environment that values your contributions and promotes work-life balance.
Contact Details:
Platinum Recruitment Group Ltd Recruitment Team
