As an interim Chief Financial Officer or Finance Director, it will be mostly to maintain the existing quality of finance function. However, it also an opportunity for organisations to take on new perspectives around their commercial and financial metrics. Equally this can move into a new perspective in their processes. So often starting out as maintaining a function, you will have the opportunity to instigate valuable insights.
These opportunities will range and vary from hospitals, aged care providers through healthcare providers in diagnostics and day surgery. Apart from business as usual functions we may see interim roles be brought on for specific projects. By way of example this might include helping in a new ERP upgrade or transition or assisting on key commercial initiatives whether it be acquisitions or improved reporting implementation. Some internationally linked organisations will require a strong knowledge of IFRS rules and relevant GAAP accounting standards. This will be to support an existing financial accounting function.
For some of the smaller organisations they may really need help having a clear perspective on strategic decisions, which are less complex in nature but gives the organisation an opportunity to learn from an interim finance professional. The area of focus is often management reporting/accounting focused.
Most of these roles are local to your city or area of residence and unless it is specific skills required, we rarely see these roles involve travel. There are some exceptions if the local market is lighter in talent.
Such contracts typically range in length anywhere from 1 month to 12 month periods with flexibility by agreement to shorten or lengthen and as often as not leading to permanent placements.