A typical Week for a Portfolio Finance Director

Well to start this blog post off, one of the attractions of being an Portfolio FD is the sheer variety of the work. To give you a flavour of it though here is my week so you can get the idea.

Monday – Driving for an hour to my client South of Birmingham – Its bank holiday week so I expected the traffic to be lighter than normal, that said I know better than to risk it so I leave the usual time 6.45am arrive at 8.30 due to an accident and road works on the M5!

Client is a few weeks out of a Management buyout, they need to put in place a finance function as their previous one was supplied by their former parent in Austria. Busy setting up budget, Management Accounts, and a covenant compliance matrix. It’s a steep learning curve, I’ve only been with this client for a week and the deadline for stats, Management Accounts and private Equity information pack is 1st March. I work for this client two days a week at the moment, so a lot to do in in the next 3 working days.

Tuesday – With my public sector client, they have setup a solar farm and need management accounts for it, they dont have a limited company as it is part of their general assets, so I need to extract the relevant information and turn it into a commercial set of accounts, Public sector accounting is different from standard UKGAAP so this needs some thought and digging around.

Wednesday – its Half term this week so I take the kids out for the day and do some shopping in Bham while I am at it. Great to have free time like this, ordinarily mid week is my day for networking, chasing up leads and developing my leads from prior weeks but make the most of quality time.

Thursday – Supporting a Ecommerce business in Shrewsbury, this is a great client near to home and with a very interesting proposition. I ran my own Search marketing business so I have a lot of knowledge to share, I present January Management Accounts to the Board and we talk about issues they are having with their website, I spend about 45 mins sharing my views, they listen intently. Doesn’t even feel like work this client.

Friday – back in with my client South of Bham, focussed all day with hardly a moment to spare, working up a Cash Flow Available for Debt Service (CFADS) model to support their pack to their private equity backers. I am on target to get everything done ready for the deadline next week, but not much time to spare, probably will have to use some of Wednesday next week to make sure I get it all done. I don’t charge for extra hours like this as I prefer to get the job done and done well. I may need to do more days as this is important and time pressured for all concerned.

Hopefully that gives you a flavour, it is certainly varied, busy, demanding but enjoyable!


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