Interim CFO Delivers Strategic Financial Guidance and Sustains Organisational Growth at Leading Health Foundation
The Brief
The GM of People and Culture contacted the Interim Executive team to identify an Interim Chief Financial Officer while the incumbent was on personal leave for three months.
The organisation was seeking someone capable of running the finance function and working collaboratively with the Executive Team to develop a longer-term financial strategy to grow revenue and build financial sustainability to support the organisation’s program of work, including investments, external funding, partnerships, and commercialisation.
Increase in General Management Skills
According to the American Management Association, only 14% of businesses consider themselves “well prepared” to handle a sudden loss in senior management. Add to that the fact that it takes at least four months to fill an executive role, and an Interim Executive experienced in operations makes a lot of sense!
Increase in Customer Experience Skills
These days experience is everything. What truly makes for a good experience? Speed. Convenience. Consistency. Friendliness. And human touch. Our Interim Executives deliver a great experience while improving your customer experience!
Increase in People & Culture Skills
Organisations are constantly changing as they respond to internal and external pressures. Continual process improvement can enable team engagement and lead to growth. Interim Executives bring fresh eyes and effective industry best practice to the execution.
Increase in Data Analytics
Complex challenges require critical thinking and in the age of information-overwhelm it is imperative to have analytical minds at the table. These skills range across finance, data science, systems and more. An Interim Executive can be the right person to optimise your inputs to maximise your output.
The Process
The Interim Executive team presented candidates to the client within 72 hours.
The successful candidate was a senior executive with over 25 years of experience in strategic and commercial management across a range of industries and organisations. She had a strong track record of enabling alignment of strategy, operations, people, and processes through the use of technology for commercial success.
Emerging Capabilities
Managerial Finance
Expertise in managing an organisation's financial operations, including budgeting, forecasting, financial planning, and overseeing financial performance to support strategic decision-making and ensure financial sustainability.
Accounting Standards
Proficiency in applying and adhering to established accounting principles and standards, ensuring that financial reporting is accurate, consistent, and compliant with regulatory requirements.
Financial Statements
Skilled in preparing, analysing, and interpreting financial statements, including balance sheets, income statements, and cash flow statements, to provide a clear and accurate picture of an organisation’s financial health.
Quantitative Finance
Ability to apply mathematical models and statistical techniques to financial problems, including risk management, pricing of financial instruments, and investment analysis, to support data-driven decision-making in finance.
Certified Public Accounting
Holding a professional accounting designation that demonstrates expertise in financial reporting, auditing, taxation, and regulatory compliance, ensuring that an organisation’s financial practices meet the highest standards of accuracy and integrity.
The Outcome
The interim CFO commenced in the role for a period of three months and received very positive feedback for her contribution.
Three months after finishing her first engagement, and due to an organisational restructure, she was re-engaged with the organisation for a six-month assignment as Interim Finance Director until the end of 2022.
