Hire a Fractional Finance Manager

A Financial Manager is responsible for overseeing and advising on the key financial operations of an organization, from devising budgets and financial plans, to making accurate reports to C-suite executives that reflect the ongoing progress towards the business’ defined goals.

Financial Managers typically work alongside a business’ accounts department and CFO to ensure that correct processes are followed, and provide overflow on company cashflow and areas of potential waste. The role of our part-time Financial Managers typically includes financial analysis, strategic thinking, and a keen understanding of bookkeeping and accounts.

Fractional Finance Managers’ working hours tend to vary, based on their availability and also the needs of the business seeking to hire them. Many of the interim and part-time Financial Managers we place tend to work one or two days per week for an organization. However, they may be able to work more, or fewer hours based on the contract that is agreed by both parties.

When seeking a Fractional Finance Manager, it’s often helpful to go into your talent search with a ballpark figure of how many hours or days a week you would prefer them to work. Many interim financial management professionals are also willing to be flexible with their working hours, so this is often something that can be discussed further during the hiring process.

A Fractional Finance Manager must attain the same level of qualification as a full-time finance manager, meaning that they are typically expected to hold at least one bachelor-level degree (or equivalent) in a finance-related subject. Whilst there are no minimum legal requirements, the industry-standard is that they will hold at least a Bachelor’s degree, or higher.

Interim and part time Finance Managers are also expected to have several years of experience in the field. Most candidates will also have many years of full-time experience in financial services. This means they can be relied upon to prioritize their workload and fulfill their role efficiently enough that they can meet all of their responsibilities on a part-time basis.

The main difference between a Fractional Finance Manager and a Fractional Director is typically in their experience, and specialist skillset. Whereas a part-time Finance Manager is expected to be well-practiced in skills such as analysis, budget creation and reporting, a Finance Director tends to possess more operational expertise. For instance, they may have experience in managing large finance teams and departments, have stronger expertise in financial strategy and long-term planning, or in-depth experience with corporate audits or tax matters.

Although Fractional Finance Managers are experienced professionals, Fractional FDs may provide certain specialist knowledge and experience that could further benefit an organization.