Part-Time Finance Director (FD)

Seeking to boost your business growth but hesitant about the costs of a full-time finance director? A Part-time Finance Director could be your ideal solution. 

Offering expertise and flexibility without the full-time commitment, they provide strategic guidance and financial acumen tailored to your business needs. 

Discover how this choice could be a pivotal step in your company’s financial journey.

Why Choose a Part-time Finance Director?

A Part-time Finance Director provides companies that don’t need, can’t afford, or don’t want a full-time director with access to the talent, experience, and skills they do need to achieve business growth. 

Rather than make a major financial commitment and take the time to recruit a full-time director, a Part-time Finance Director can make an immediate impact by sharing strategic knowledge and insights.

A part-time director can help a business set and implement a financial strategy by working with managers in just one day a week or a few days a month.

What Does a Part-time Finance Director Do? 

part-time finance director

A Part-time Finance Director offers a wide range of services based on your company’s unique needs. A Part-time Finance Director typically works to:

  • Future-proof and digitise your business
  • Navigate the challenges of mergers and acquisitions
  • Build relationships with bankers and financiers 
  • Solve compliance, tax planning, and legal issues
  • Outsourcing talent and labour
  • Create business plans
  • Craft exit plans
  • Help businesses restructure and pivot
  • Maximise profit and reduce costs
  • Increase efficiency and productivity
  • Create business forecasts
  • Define clear KPIs and provide clear analytics

How Can a Part-time Finance Director Help Grow My Business?

A Part-time Finance Director can help your business get access to decades of financial experience when you need it. Your business will have access to a highly qualified professional with proven success, as well as their resources, talent, and years of experience.

A Part-time Finance Director is a low-risk investment for small and medium-sized enterprise (SME) businesses to solve serious financial challenges and create ROI. There’s no substantial time commitment necessary, and your Part-time Finance Director can help your existing financial team expand its skillset and grow through working together.

How Does a Part-time Finance Director Differ from a Full-time Finance Director?

When you consider a Full-time Finance Director for your business, you’re looking at someone deeply involved in your daily financial operations.

A Full-time Finance Director manages everything from day-to-day accounting processes to overseeing your finance team’s activities. In contrast, if you opt for a Part-time Finance Director, they typically won’t engage in these daily operational aspects.

Their role is more strategically oriented, focusing on high-level financial planning, analysis, and decision-making. While a Full-time Finance Director is immersed in the operational fabric of your company, a Part-time Finance Director provides guidance from a broader, often external perspective.

Role and Involvement in Daily Operations

If you hire a Full-time Finance Director, they become an integral part of your business’s daily operations. They handle the specifics of your financial activities, ensuring smooth day-to-day management. However, if you choose a Part-time Finance Director, they typically step back from these everyday tasks. Their focus lies more on strategic planning and high-level financial decisions, providing you with broader, often external insights and guidance.

Strategic Focus and Decision Making

One of the key differences you’ll notice with a Part-time Finance Director is their strategic involvement. When you bring them on board, it’s primarily for their ability to develop key financial strategies, make major financial decisions, and offer insights based on their extensive experience and industry knowledge. This could include advice on mergers and acquisitions, financial restructuring, or shaping long-term investment strategies.

In contrast, a Full-time Finance Director in your company, while also strategically involved, often has to juggle these responsibilities with day-to-day financial management.

Flexibility and Adaptability

The flexibility offered by a Part-time Finance Director is a significant advantage for your business. You can engage these professionals based on your current needs, avoiding the long-term commitment that comes with a full-time position. This adaptability is particularly beneficial if your business is in a phase of transition, such as during scaling up or restructuring, as it allows you to access necessary financial expertise without the overhead of a full-time executive.

Cost and Resource Allocation

From a financial standpoint, opting for a Part-time Finance Director can be more economical for your business, especially if you are smaller or have variable financial advisory needs. The costs associated with a full-time position, including salary, benefits, and other expenses, can be significant.

In contrast, a Part-time Finance Director offers a more flexible and often more manageable financial commitment. Despite the cost savings, you don’t sacrifice expertise; Part-time Finance Directors typically bring a wealth of experience from working in various sectors and types of businesses.

Why Choose a Part-time Finance Director from Boardroom Advisors?

Part-Time Finance Directors form Boardroom Advisors

A Full-time Finance Director can be an extremely expensive hire. Many ambitious, fast-growing businesses, especially those with high overhead or cash flow issues, simply cannot make a major financial commitment, nor do they necessarily have the funds to hire someone to serve in this role on a full-time basis. 

When you appoint a Part-time Financial Director from Boardroom Advisors, you don’t get a junior money manager or an overpaid consultant who only talks in industry buzzwords and jargon. You will be adding to your team a proven worker who has shown that they can get results. Part-time financial advisors know your industry, understand the unique challenges your business is facing and can help you start solving your problems from day one. 

Boardroom Advisors will provide you with a Part-time Finance Director who offers the right combination of skills and experience for you – this is not a “one size fits all” solution. With flexible contracts, you can change your time commitment as required by your business in order to achieve your financial goals.

For many businesses, working with a Part-time Finance Director approximately four days a month, for example, makes it easy and affordable to keep the momentum going, put new financial plans into effect, and make an impact on operations.

How It Works

1. Share Your Business Challenges

Businesses all over the world struggle with common challenges. These can include hitting major milestones, getting access to financing, or even navigating financial crises, to name just a few. If you are struggling to grow or in need of critical financial advice to scale up and achieve positive cash flow, we’re ready to help.

2. Meet a Regional Director

You will have an initial discussion with your local Regional Director, who will get to know more about your business, the issues you’re facing, and what needs to change in order to solve them. At this time, Boardroom Advisors can answer questions about the process, potential team members, timelines, costs, and anything else you may need to know more about.

3. Get Matched To a Proven Part-time Finance Director

Boardroom Advisors will help you appoint a Part-time Finance Director not just with the right skills and history, but also the proper chemistry. You will meet one or more potential Financial Directors and make the final decision as to who you will add to your team.

4. Solve Your Financial Problems and Grow Your Business

Your Part-time Finance Director will use a proven framework to identify problem areas within your business and review your company’s finances. This helps to eliminate cash flow problems, find ways to save money and develop strategies to improve profits. They can help you find funding, create plans for national and international expansion, and develop strategies to attract investors and buyers, to name just a few of the services offered.

Additionally, your Part-time Finance Director can partner with other Boardroom Advisors as needed, providing you with extensive experience, knowledge, and connections in critical times.

Would you like an exploratory discussion with a Regional Director?

No cost and no obligation

Request a call back

Frequently Asked Questions (FAQ)

How can I recruit a part-time Finance Director (FD) for my business?

You can seek the services of a specialist firm such as Boardroom Advisors, that provides outsourced finance directors, or you can directly recruit a part-time finance director through networking, recruitment agencies, or online job platforms.

What are the typical responsibilities of a Part-Time Finance Director (FD)?

A Part-time Finance Director (FD) will work a set number of days a week or month to assist with financial planning, budgeting, reporting, and ensuring the company’s financial processes are in line with its strategic goals.

What are the key qualifications and experience to look for in a Part-Time Finance Director (FD) candidate?

You should seek an experienced finance professional, preferably with qualifications such as ICAEW, and a background in financial management, fund raising, and strategic financial planning.

Can a part-time Finance Director (FD) assist with fund raising for my business?

Yes, an experienced finance director can provide invaluable assistance in fund raising, connecting with venture capitalists, private equity firms, and guiding your company through the fund raising stage.

Is it possible to employ a Part-Time Finance Director (FD) for a portfolio of companies?

Yes, many Part-time Finance Directors (FDs) work with multiple companies, bringing their expertise to each organization while managing their time effectively across various portfolios.

…invaluable strategic business advice in many areas…

Ian Gosden, Managing Director, Higos Insurance

…valuable assistance in setting objectives and arranging strategy plans…

John Freshwater, Managing Director, Permaframe

…no hesitation in recommending him as a Non-Executive Director…

Colin Flaherty, Chairman, Academy of Business Strategy

…I was delighted to hear what a fantastic fit Boardroom Advisors were for my client…

Chris Budd, Founder, The Eternal Business

…he was a real asset in supporting us through rapid expansion…

Adam Ellis, Managing Director, Five Rivers

…he has had a significant impact on our approach to how we work as an agency…

Christian Harris, Managing Director, Sticky