Part-Time Head of Finance
A Head of Finance is a leadership executive responsible for overseeing, managing, and controlling a company’s financial activities and strategies. They may also be responsible for maintaining the company’s budget and auditing its financial statements. A Head of Finance will take a proactive approach to growing their company’s revenue.
At FD Capital, we work with candidates and companies on both sides of the recruitment process for the role of Head of Finance. Whether you’re recruiting a part-time Head of Finance or looking for a new opportunity as a Head of Finance, our team is here to help. We specialise in recruiting for part-time roles for executive and C-suite financial roles, including that of Head of Finance. Our guide below covers everything you need to know about the role of a part-time Head of Finance.
Are you looking for a new role as a part-time Head of Finance? Contact our team at recruitment@fdcapital.co.uk or call us on 020 3287 9501. Find Head of Finance roles at www.fdcapital.co.uk.
Do you need a Part-Time Head of Finance for a strategic, commercial and financial management role? If so then reach out to us today.
We have lots of acquisition, disposal, profit improvement, systems and cash flow management experience, both in private/family owned limited companies and groups.
What is a Head of Finance?
The role of Head of Finance is comparable to that of a CFO or Finance Director. However, a company may differentiate the roles according to their needs and leadership hierarchy. A Head of Finance is responsible for ensuring that the company is profitable by working in partnership with its executives to develop a proactive financial strategy.
They’ll ensure the company maximises its revenue with lucrative opportunities and sound investments. A Head of Finance will work with other financial professionals, including the Financial Controller, to ensure that the company complies with regulatory measures and government requirements. They’re also accountable for the company filing accurate financial reports.
A Head of Finance will collaborate with other executives to maximise value creation and incorporate consumer research and market trends into the company’s financial strategy. They need to have a commercial mindset, alongside analytical forecasting skills. The difference between a Head of Finance and a Financial Controller is that they are responsible for risk management and identifying new revenue opportunities.
What Does a Part-Time Head of Finance Do?
A part-time Head of Finance is responsible for ensuring the company’s profitability through risk management and investment opportunities. The day-to-day responsibilities of a part-time Head of Finance are comparable to those of their full-time counterparts. They are usually hired by start-ups and SMEs who don’t have the workload or financial capability to recruit a full-time Head of Finance.
The role of Head of Finance will vary depending on whether the company operates in the public or private sector. Responsibilities include:
- Budgeting for the company, on an overall and departmental level, including making appropriate cost reduction recommendations.
- Developing and implementing strategies to maximise value creation, increase revenue, and reduce operating costs.
- Commercial decision-making, including pricing, tender, and margin analysis.
- Ensuring the company maintains sufficient cash flow.
- Preparing the company’s business activity reports and financial statements to present to the board and stakeholders.
- Risk management analysis and implementing appropriate systems.
- Managing the auditing process, including working with external auditors if necessary.
- Overseeing the company’s accounting and budgeting, including collections, and taxation information.
- Overseeing the company’s taxation filing and making appropriate recommendations.
- Overseeing development, recruiting, mentoring, and training for employees in the company’s financial department.
- Investment appraisals and analyses, including proposing opportunities to grow the company through appropriate investments.
Part-Time Head of Finance vs. Chief Financial Officer (CFO)
It’s easy to confuse the role of Head of Finance with that of CFO. Large companies may have both a Head of Finance and a CFO. However, in smaller companies, a Head of Finance may take on many of the responsibilities of a CFO and vice versa.
There are differences between a Head of Finance vs. a CFO. A CFO becomes the face of the company’s financial activity and focuses on developing long-term strategies, prioritising ROI, forecasting, and growth. They’ll build relationships with financial institutions, potential investors, and stakeholders.
By comparison, a Head of Finance is responsible for the company’s day-to-day financial management and oversees the financial department. Smaller companies may merge the two roles and use the terms Head of Finance and CFO interchangeably. If companies have both a Head of Finance and CFO, they’ll work closely together with the CFO focusing on the wider commercial picture and taking a wider leadership role.
The Benefits of Hiring a Part-Time Head of Finance
Here are just some of the benefits
Acquisitions and disposals specialist plus turnaround situations.
The Benefits of Hiring a Part-Time Head of Finance
If you’re a start-up or SME with a limited budget, you might decide to recruit a part-time Head of Finance as an alternative to a CFO. Whether you want to do a trial run of the role or have a limited budget, a part-time Head of Finance can scale your business to the next level. Your company will get all the same benefits of a full-time Head of Finance without the financial pressure of a full-time role.
A part-time Head of Finance is an investment into the future of your company, helping you make sound investments and identify opportunities to increase your revenue.
While a full-time Head of Finance works for one company, a part-time Head of Finance works on a more flexible basis and may work with more than one company. You can recruit a part-time Head of Finance on a basis that works for your company’s needs, from a few hours a week to four days a week on a remote, hybrid, or in-house basis.
Every company has a skill gap – especially in financial strategy. A part-time Head of Finance can oversee your company’s day-to-day financial operations, including budgeting and implementing value creation strategies.
Hiring a part-time Head of Finance means you have a senior executive who can ensure regulatory compliance, implement risk management, and support commercial decision-making. A Head of Finance will work closely with the CEO, CFO, and other C-suite executives. They will bring a fresh perspective to the company as an objective advisor who can bring industry-specific insights.
Recruit a Part-Time Head of Finance with FD Capital
FD Capital is the UK’s leading financial recruitment agency with an extensive talent pool of financial professionals, available to hire for the role of Head of Finance on a part-time, full-time, and interim basis, both in-house and remotely. Start the process of recruiting a part-time Head of Finance by contacting our team at recruitment@fdcapital.co.uk or 020 3287 9501 for a no-obligation consultation.
Part-Time roles are becoming more popular
FD Capital started out in 2018 focussing solely on Part-Time roles so unlike some of our competitors we are really focussed on this niche, and have a large number of part-time professionals available in our network, over the years we have also built up an extensive database of candidates so we quickly find you the ideal candidate. Speak to our team today and let us show you what we can do.
Reach out to FD Capital Recruitment today
If you are considering a Part-Time Head of Finance, why not reach out today to our team for a no obligation initial discussion. We are based in Great Portland Street, London, with an office in the Shropshire area servicing the West Midlands and a network of Head of Finance around most of the UK.
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