Interim CFO: have you ever thought about it?
Interim management in finance: which functions and which scope?
Across all industries, companies are regularly faced with complex financial challenges. To address them, it is essential to rely on high-level financial expertise. In this context, MOMEN, a firm specialized in interim management, supports you in managing your finance function.
We provide you with access to a pool of interim finance managers. They have diverse backgrounds and therefore cover a wide range of roles across financial and accounting functions.
Immediately operational, our interim Chief Financial Officers support your executive management either in the operational steering of your business or in transformation projects.
Our interim finance managers operate regardless of the size of your company and can take on roles such as the following:
- Chief Financial Officer (interim CFO / DAF de transition) : The CFO is the conductor of the company’s finance department. Beyond defining the company’s financial strategy, they oversee budgeting, supervise accounting, and manage cash flow. They therefore hold a central role within the organization and represent the majority of interim management requests in finance.
- Finance and Administrative Manager (interim RAF) : The interim RAF works closely with your company’s CFO in managing administrative and financial matters. As a true right-hand support, they also represent a key role that is highly in demand in interim financial management.
- Accounting Director, Consolidation Director
- Management Control Director
- Industrial Management Controller
- Multisite Financial Controller : this role is also particularly well-suited to interim finance management. The interim manager ensures the harmonization of accounting and financial practices across your different sites or subsidiaries, and coordinates their financial activities.
- Group Treasury Director, Cash Management Director
- Trade Finance Manager
- Tax Manager, Tax Expert, international standards and M&A : interim financial management regularly calls upon this type of expert profile to address complex tax issues, particularly in merger and acquisition contexts. The role of the interim tax manager is to advise the client company in optimizing the taxation of its strategic projects.
- Operational Risk Director, Credit Risk Director
- Audit and Internal Control Director
An interim finance manager can intervene in many situations. Most of the time, they carry out a mission of:
- Management “relay” : in this case, the interim finance director replaces your CFO or finance manager, who has suddenly become unavailable. They take over interim management of the finance department to ensure business continuity within the company.
- Finance and accounting team reinforcement: in the context of increased business activity, some companies may need to hire additional resources for a defined period. Interim management is therefore a perfectly suitable solution.
- Management of transformation projects: the interim finance director can take charge of reorganizing the company’s finance department, managing IT system projects such as ERP implementations, handling crisis situations, or managing a P&L increase, among other responsibilities.
- Change management with the implementation of new processes: the interim finance manager is an expert in these topics and can lead improvement projects, automation initiatives, digitalization, and more.
More generally, the interim CFO very often manages teams, builds the company’s budgets and financing plan, oversees cash flow, and prepares and ensures the accuracy of annual financial statements, in compliance with local or international tax regulations.
Thus, the interim finance director always operates within the client company with one objective: to improve its P&L and overall efficiency.
Why engage an interim CFO with MOMEN?
Our interim CFOs provide concrete and immediate solutions to your financial and accounting challenges. They analyse the current situation, establish an action plan, and then implement it under the supervision of your executive management.
In a constantly evolving world, your performance and business models are regularly put to the test. To ensure the sustainability of your company and the profitability of your activities, MOMEN provides you with high-level financial expertise through a flexible, responsive, and cost-efficient recruitment model.
Indeed, unlike traditional recruitment, which can take several months, interim management allows you to engage a highly qualified executive immediately, for a predefined period of time.
Interim management in finance is particularly sought after by companies to address the many challenges of these roles. However, this type of recruitment also applies to other departments within the organization. If you are looking for an interim manager for another function, please consult our dedicated pages:
- Hiring an interim HR manager
- Hiring an interim logistics manager
- Hiring an interim Chief Executive Officer