Free Guide to FD and CFO Recruitment
Free Guide to FD and CFO Recruitment
Our clients are always asking us for advice and guidance so it made sense for us to create a range of guides that we can share with prospective and regular clients alike, the first of which is our guide to Finance Director and Chief Financial officer recruitment.
We are pleased with the look and feel of it, and are already working on the next one in the series which will be a guide for Part-Time Finance Directors, both from the persepective of the candidate and from the client. More guides are planned for the future our brainstorming board is full or ideas already!
Once you have read it make sure to give us a call and feedback so we can continue to improve it ahead of the next edition.
The guide covers all the topics you might expect:-
Why Hire an FD or CFO?
What Can an FD or CFO do for me?
What is the typical salary for an FD in London and the West Midlands?
What Responsibilities should an FD have?
What to look for during the recruitment process?
Hiring an FD or CFO means that you can have a dedicated person on your team to deal with the financial side of your business. Not everyone who starts a business comes f rom within the industry or has the knowledge to do things like forecasting or troubleshooting. With an FD, you get to take advantage of their skills and experience to get your business back on track or smash your growth goals. The role of FD or CFO is as much about strategy and planning as it is about monitoring the company’s cash flow. For any company to implement a new strategy, you need to have someone on your team with the specialist skills and knowledge to access your current systems and implement alternatives. Our guide shares our experience and more
Why hire an FD?
Bringing an FD on board is a major decision that you want to get right. Our guide is designed to help you make the right decision for you and your business.
You might decide it’s time to recruit a CFO or FD if you want help with fundraising through government programs or private investors. If you have a merger or acquisition on the horizon, a CFO can ensure the transition is streamlined and runs smoothly. One reason companies choose to recruit an FD is that they are planning to enter a new niche or want to expand their market share in an existing one.
Most SMEs choose to bring an FD on board as they don’t have a finance department. In this scenario, having a CFO or FD can streamline the processes within your business. Whether it’s making the accounting process easier or implementing systems, your FD can help you save time or money daily.The manner of their job means that CFO or FDs can have difficult conversations on your behalf, whether it’s a contractor failing to pay on time or a difficult customer. One of their primary responsibilities is to help you manage your cash flow.When you have a CFO or FD, they should be one of the most senior employees within your company. As they oversee your finances, you can involve them in the everyday decision-making process to help you manage your funds while hitting your goals. If you have ambitious goals for your company’s future, having an FD on board can help you implement the strategies you need to achieve them.
How to find an FD
Any CFO or FD has big shoes to fill, meaning it can be difficult to find the person who is the right fit. You want someone who will be able to analyse your financial data and interpret it in a way that allows them to develop a strategic plan to meet your business growth or expansion goals. An FD has to be able to continually interpret information and make accurate forecasts to facilitate decision-making within the organization.An FD should be able to understand the changes that are ongoing within the global environment – including economic, political, and technological change. They should understand shifts in consumer behavior and the growing trend of ‘activist’ investors who wreak havoc on the stock market with a social-justice mission.You’re going to rely on your FD to use their interpersonal skills to communicate their findings and predictions to everyone from key stakeholders to employees in the organization.
It is the responsibility of the FD to ensure that their company is trading within its financial means and not spending more money than it has in the bank. The FD or CFO will typically oversee the procurement of everything f rom office space to equipment and laptops.Any financial activity comes with a legal risk analysis and a cash flow risk. An FD has to be aware of the legal issues around mergers, acquisitions, and types of fundraising and investing.
Any contracts that are written by the company for third parties, such as supply contracts, will usually be looked over by the FD to ensure everything is correct. It’s not usual to see the CEO hand over management of the legal department to a CFO or FD, as they often naturally cross over with each other.It’s not just number crunching that an FD does every day. Customer service plays a key role in their daily job and is one task that they usually pick up f rom the CEO. It might be spotting a potential sale opportunity with a third-party company or handling a difficult client who is refusing to pay on time.
How to find an FD or CFO?
Of course the answer to that is to reach our to FD Capital Recruitment, we offer the full range of Financial Director services, including ; Part-Time, Interim and Full Time roles. Reach our to our team today on our main London number 020 3287 9501, most of our FD’s are ICAEW qualified.
Hiring an FD or CFO can be a game-changer for your business. You want to make sure you have mapped out the timeline for the recruitment process and that this is clear for both you and the candidates. It’s a good idea to incorporate hard deadlines for when you want to review CVs or have chosen your candidate by. When you have an FD or CFO, they can give you the tools you need to expand or grow your business to meet your short and long-term goals.
Download your copy of our FD and CFO recruitment guide today.
Please visit our guides page and complete the form at the bottom of the page and we’ll email your copy to you.