Interim Group Finance Director

Discipline: Finance

Sector: Local Government

Location: South West

Type: Temporary

Date posted: 11/07/2022

Start: ASAP

Duration: 9 months

Salary: £850 - £950 per day


In 2019 the client decided that, through its council owned holding company to support the Shareholder in managing its current and future interests in its companies more effectively.

They  established to drive greater effectiveness of the Council companies as a group, so their vision is rightly concerned with the Group, rather than just the holding company.

As part of the Council’s decarbonisation strategy, they are in the process of preparing their energy company and a key priority for the post holder will be to support the sale process whilst protecting the interests of the Holding Company as immediate owners.

Following the sale there will be two subsidiaries in the group and the Council as Shareholder has determined to revise the remit of the Holding Company – providing independent commercial view of company business planning, performance and assurance for the Shareholder, in addition to normal operations (eg.acting as a tax efficient group structure). Some of these functions will be provided on behalf of the remaining subsidiaries

They require a technically sound and commercially experienced Group Finance Director to support them during the transition to new arrangements and lead on the effective sale of the energy company– ensuring they have residual structural and financial arrangements in place to ensure resilience and flexibility to grow if new opportunities arise. That may mean from a business perspective being ready to take on additional work from either the Council or subsidiaries.

The Group FD, reporting directly to the Executive Chair, will not only be a qualified accountant and hands-on with company finances but will also be commercially aware, advising being able to advise the Shareholder on issues such as risks and opportunities, as well as corporate governance issues.


  • Assist in formulating the company’s future direction
  • Monitor and direct the implementation of strategic business plans
  • Develop financial and tax strategies across the group
  • Manage the capital request and budgeting processes between council and subsidiaries
  • Develop performance measures that support the company’s strategic direction


  • Participate in key decisions as a member of the executive management team
  • Maintain in-depth relations with all members of the subsidiary and holding company management team
  • Manage the finance, investor relations, CoSec, tax, payroll and the IT department functions
  • Oversee the financial operations of subsidiary companies
  • Oversee the company’s transaction processing systems
  • Oversee the implementation of operational best practices across the group

Financial Information

  • Oversee the issuance of financial information across the group
  • Responsible for internal reporting to the Board and external reporting to the Shareholder

Risk Management

  • Understand and mitigate key elements of the company’s risk profile
  • Monitor all open legal issues involving the company,
  • Construct and monitor reliable control systems
  • Oversee appropriate insurance coverage
  • Oversee that the company complies with all legal and regulatory requirements
  • Maintain relations with external auditors and investigate their findings and recommendations


  • Monitor cash balances and cash forecasts across the group
  • Support subsidiary FDs in arranging for debt and equity financing

Third Parties

  • Maintain banking relationships
  • Represent the company with city analysts and investors


  • Significant knowledge of commercial sector finance and operating at board level.
  • Ideally good knowledge of public sector finance and social value;
  • Ideally experience of working with commercial Boards and ARCs
  • Any experience working within energy, waste or housing sector a real bonus, but not essential.
  • Significant knowledge of commercial business governance and delivery
  • An accomplished leader with industry gravitas and authority.
  • Excellent understanding of customer service and its impact on business performance.

The role will be full time for the first 4 months and drop to part-time there-after with occasional visits to the client for board/shareholder meetings

Register Interest

33 King Street, St. James’s,
London, SW1Y 6RJ

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