Part time FD

man juggling fruitWe believe growing companies need the specialist expertise and experience of an accomplished Finance Director or Chief Financial Officer, just as much as well established corporations, but for many cost sensitive SMEs the funds will simply not stretch as far as a full time FD but what about  a part time FD?

Most companies have a finance controller or finance manager to ensure the basic financial jobs get done but the more complex financial tasks, vital for a business to prosper, simply don’t happen or get left to the MD or CEO to try and deal with. 

There are no hard or fast rules to identify exactly when an FD is required but here are a few indicators, if the company is:

  • going through rapid expansion;
  • in decline;
  • looking for investment;
  • thinking about entering new markets;
  • introducing new products;
  • preparing for sale, acquisition or a merger;

then now is the right time to take on an FD.

At Isosceles we understand how crucial this role is. We pride ourselves on being able to provide our clients with a part time FD  who has the commercial and business acumen relevant to the client’s industry sector AND also the stage of the company’s life cycle .  Not only can their part time FD fulfil this strategic role but they are  flexible enough to do so on a part time basis – once a month, once a week, twice a week – whatever the business dictates and can afford.  

Related articles of interest

Part time FD – when half is better than a whole

Any MBA or business studies course will point out the importance of having a properly controlled and well disciplined accounting function. There have been many catalogued disasters where lack of this vital process has resulted in the ultimate demise or the largest of organisations let alone the new startup. But is employing a full time Finance Director the answer?  Perhaps a part time FD would be better?

What is the role of the Finance Director?

Without doubt the role of the modern FD has changed, no longer are they expected to simply just ‘count beans’ or be a ‘safe pair of hands’.