Fractional Chief Finance Officer
Employing a fractional Chief Financial Officer (CFO) offers a multitude of benefits, especially for small to medium-sized businesses seeking expert financial guidance without the full-time cost. This flexible arrangement allows companies to access high-level financial expertise and strategic insight, typically reserved for larger corporations at a fraction of the cost.
A fractional CFO is a finance professional offering part-time CFO services and is responsible for making crucial financial decisions, offering financial guidance and insights and leveraging financial strategies for the growth and stability of the company. They’re typically retained on a contract basis, synchronising financial management and advice with the firm’s operational strategies and goals.
Fractional CFOs have pivotal roles which involve managing financial risks, planning budgeting, tracking cash flow and financial planning. They also offer advice on long-term business planning including capital raising, mergers and acquisitions. These professionals have an interesting role as they bring an external perspective to the business, free from internal biases.
An interim chief financial officer typically reports to the CEO or the business owner. They may also have a responsibility to report to the board of directors or shareholders in some instances. Their decisions and strategies align to the visions of the CEO or business owner, ensuring that their role integrates seamlessly within an existing team.
Fractional CFO skills required
To be a successful fractional CFO, you need a strong foundation in accounting and finance. Solid understanding of financial forecasting, corporate finance, scenario analysis, cost accounting and the ability to analyse financial data to steer business recommendations is crucial. You should also possess sound knowledge of legal procedures related to finance and accounting.
Strong leadership skills are vital, as is the ability to direct and supervise your team to achieve business goals. You must have strong communication skills to explain complex financial information in an understandable manner to other members of the team.
In the rapidly evolving business environment, being proficient in financial technology is a must. Familiarity with financial management software, spreadsheets and data visualisation tools would serve you well.
Fractional Chief Finance Officer Jobs in Surrey
Located in the South East of England, Surrey shares borders with Kent, East and West Sussex, Hampshire and Berkshire, as well as Greater London, making it one of the Home Counties.
There are many large towns and villages in Surrey - such as Woking, Guildford, Ewell, Epsom and Redhill - making it a suitable choice for those seeking Fractional Chief Finance Officer opportunities. What's more, with much of the county being considered part of the London commuter belt, it's also a good location for those who want to work in the capital but live away from the city.
For much of Surrey's modern history, the region has been known for paper manufacturing and gunpowder. However, these were in steep decline by the early 20th century and new industries took over, such as bicycle and car manufacture.
The McLaren Group, one of the best-known names in automotives, is based here. It has manufacturing and administration facilities in Woking and has also opened a technology centre for research and development.
Some of the region's other top employers include engineering firm WS Atkins, Philips Electronics, Colgate-Palmolive and Ericsson. There's also a large Alexander Dennis factory in the area, which manufactures chassis for buses and fire engines.
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Fractional CFO jobs at Cast UK
Have you carved out a niche as an accomplished interim chief financial officer and are looking for your next role? It’s a task where experience and understanding of diverse corporate environments is helpful, so if this sounds like you, we want to hear from you. Please register with us so we can forward your name to interested employers.
If your business is lacking a CFO and you like the idea of bringing in top talent on a temporary basis, there’s a wealth of experience to help when you work with Cast UK for your recruitment. Please call us on 0333 121 3345 or contact us here for more information.
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