WHAT DOES AN INTERIM FINANCE MANAGER DO?

Updated: Nov 10, 2025 - The Interim Finance Manager oversees financial statement preparation, consolidation, and revenue reporting with reconciliations across multiple systems. This role ensures accurate balance sheet controls, variance analysis of divisional overheads, and effective management of staff through training and support. The manager also delivers budgeting and forecasting of revenues and cash flows while providing strategic support to senior leadership and cross-departmental collaboration.

A Review of Professional Skills and Functions for Interim Finance Manager

1. Interim Finance Manager Duties

  • Month-End: Own, drive, develop and deliver the month-end process including monthly management pack reporting and business partnering
  • Result Management: Manage month-end results (both balance sheet and profit and loss) for completeness, accuracy, ensuring it is reconciled, timely, robust and delivered on time and to the relevant accounting standards
  • Variance Analysis: Complete analysis and commentary on all variances to the budget and preparation of the monthly pack for the Board
  • Team Supervision: Supervise and review the management accountant (purchase ledger and bank control) and the credit controller in preparation of the month-end, cash management, processes and controls, ensuring accurate and robust
  • Staff Management: Manage Shipping and Admin Assistant, ensuring products are delivered to customers on time
  • Budget Tracking: Setting up budget trackers and processes, e.g., marketing, R&D, sales and others
  • Budget Forecasting: Support on budgeting and forecasting processes in these areas
  • Asset Control: Complete responsibility for managing Fixed Asset register/depreciation and stock/margin accounting and analysis, liaising closely with business owners including overseeing stock take
  • Report Preparation: Analyse and prepare reports for the monthly pack, e.g., sales, unit cost and stock reports
  • Cost Savings: Identify cost savings opportunities and process/control improvements
  • Cashflow Analysis: Responsible for collation of budgets, forecasts and cashflow analysis
  • Ad Hoc: Support the MD in any ad hoc analysis and projects including other divisions
  • Process Improvement: Develop more efficient processes and reporting including any system developments
  • Ledger Management: Manage the nominal ledger structure, e.g., ensuring correct usage of codes, new account set up, renaming, etc.
  • Audit Support: Liaison with the auditors and tax experts for audit and R&D claims

2. Interim Finance Manager Details

  • Record Keeping: Maintain the company's financial records and ledgers and assist in the production of the monthly management accounts
  • Trial Balance: Produce and finalise monthly trial balances, including posting all supplier invoices, preparation and posting of journals
  • Transaction Control: Ensure that all financial transactions are properly recorded in the accounting system and all main balances are reconciled monthly
  • Payment Process: Manage the invoicing, credit control and creditor payment processes (managing approval and signatory process)
  • Cashflow Management: Manage company bank accounts, monitor the cash flow of the companies and prepare bank reconciliations
  • Client Invoicing: Prepare sales invoices to clients in accordance with the requests from Project Managers, fee proposals or agreements
  • VAT Compliance: Prepare quarterly VAT returns to ensure timely submission and ensure compliance with regulations
  • System Maintenance: Maintain Coretime (timesheet and project management software)
  • Project Accuracy: Ensuring project information is up to date and accurate
  • Director Support: Provide administrative support to the Finance Director and financial support to the wider team
  • File Management: Develop and maintain clean and organised file structures
  • Process Improvement: Identify and assist in implementing process and system improvements
  • Office Support: Provide office management support such as answering general emails and calls, ordering office supplies, arranging travel and accommodation and general administrative support
  • Safety Management: Manage health and safety in the office, including maintaining policies and procedures
  • Insurance Oversight: Manage office insurance renewals
  • HR Support: Assist in managing HR policies and procedures, such as onboarding and offboarding employees

3. Interim Finance Manager Responsibilities

  • Report Review: Reviewing existing management reporting to identify a suite of reports that are fit for the future, to help drive the financial performance
  • Report Building: Lead on building these reports using functionality from the new system, including data retrieval formulae and QuickViews
  • Report Creation: Look for opportunities to create new reporting, unlocking the value of the new structure of accounts called the Chart of Accounts (CoA)
  • Project Leadership: Working closely with the Finance Manager, leading on the Transformation project to deliver the "dry run" processes in quarter one of the financial year for the submission of the main month-end deliverables to the FP&A team
  • Variance Upload: Uploading the (already created) monthly variance reports and monthly re-forecast into the new system, and will run alongside the existing Excel-based submissions
  • Team Training: Supporting the Manager for Finance Transformation in up-skilling the wider Business Partnering team in how to use the system, so they are ready to adopt the processes on a BAU basis from Go Live
  • System Integration: Through co-operation with Accounting and Reporting teams, ensure that period-end reporting can be completed from go-live with a fit-for-purpose solution using the new chart of accounts
  • Process Automation: Look for wider opportunities across the team to adopt the new Chart of Accounts automated data to support reporting and models
  • Reporting Streamline: Look for wider opportunities across the team to streamline and automate existing reporting

4. Interim Finance Manager Job Summary

  • Management Reporting: Delivering Monthly management reporting, KPIs, annual budget and monthly forecasting
  • Cashflow Forecasting: Delivering robust cashflow forecasts, ensuring accuracy of monthly partner and adviser pay, including quarterly bonus and tax calculations, and accuracy of partner accounts
  • Intercompany Charges: Responsibility for inter-company charges
  • Balance Reconciliation: Oversee balance sheet and bank account reconciliations
  • VAT Management: Manage VAT returns and the financial year-end
  • Tax Reporting: Manage partner tax returns and profit share
  • Charity Reporting: Providing accurate reporting for a charitable foundation, including forecasts
  • Data Integrity: Ensuring the integrity of financial data and that financial controls are followed
  • Process Improvement: Identifying opportunities for process improvement and supporting implementation
  • System Migration: Supporting the finance team and the wider business in the migration to the new CRM system

5. Interim Finance Manager Accountabilities

  • Budget Planning: Oversee annual budgeting and develop annual fundraising plans
  • Cashflow Forecasting: Prepare financial forecasts and monthly cash-flow forecasts
  • Payroll Processing: Prepare and process the payroll
  • Purchase Management: Manage the organisation's purchases and receipts
  • Bank Management: Manage the bank accounts and petty cash
  • Procurement Oversight: Oversee the organisation's procurement processes
  • Financial Reporting: Produce regular financial monitoring reports, including reports to Trustees and the CEO on income and expenditure
  • Grant Management: Manage grant funding and the gift aid claim process
  • Statutory Accounts: Oversee the preparation of the statutory accounts
  • Contract Management: Contract management and management of the organisational licences
  • Meeting Contribution: Contribute fully during management and wider meetings

6. Interim Finance Manager Functions

  • Process Management: Manage the reporting, forecasting, budgeting, and analysis process
  • Stakeholder Partnering: Partnering with internal stakeholders to help them maximise performance and prepare them for presentations to clients and senior management
  • Cost Analysis: Driving costs and value including benchmarking costs and making recommendations for improvements
  • Audit Oversight: Annual statutory accounts and audit process
  • Invoice Management: Overseeing the invoices and accruals process
  • Board Reporting: Prepare Monthly Management and Board Reports
  • Budget Support: Support the Business partner to make sure the budget/forecast is correct
  • Audit Support: Assist with internal and external audits
  • Statutory Reporting: Prepare statutory Financial Statements
  • Group Reporting: Prepare the monthly Group Reporting pack for the Group
  • Management Reporting: Prepare a monthly management report
  • Year-End Forecasting: Monthly analysis including re-forecasting of year-end position

7. Interim Finance Manager Job Description

  • KPI Support: Supporting process owners in their daily work in defining and reporting KPIs
  • Process Coordination: Coordinating the work of the accounting processes owners located in various countries of Central and Eastern Europe
  • Outsourcing Management: Cooperating with an external outsourcing company in process migration and coordination of cooperation with an external SSC
  • Goal Communication: Communicating the company’s goals and objectives into manageable tasks for the team
  • Project Support: Participating in project rollouts, training and supporting SSC in new process improvements
  • KPI Development: Developing Key Performance Indicators and Service Level Agreements within SSC
  • Compliance Control: Ensuring control and compliance requirements of processes are met
  • Process Optimization: Optimizing, identifying and implementing the designed framework, finance processes, as well as operational finance processes within SSC
  • Employee Coaching: Coaching, developing and managing subordinate employees
  • Procedure Compliance: Making sure that procedures are up to date and fully complied with

8. Interim Finance Manager Overview

  • Team Relations: Develop effective relationships with other International finance teams, the CEO, and the CFO, Owners/Directors and the Leadership team, working across time zones
  • Account Preparation: Prepare and analyze all management and statutory accounts
  • Regional Insight: Providing key insights on all regional matters to the GM and preparing quarterly packs for the Global HQ
  • Commercial Insight: Bring commercial insight to the business such as Local and Global KPIs, monthly Sales Dashboards, etc.
  • Team Education: Leading the education of Operational teams to broaden their understanding of the financial impacts of the decisions they make
  • Cashflow Reports: Provide weekly cash flow forecast reports
  • Banking Oversight: Oversee all banking and debt activities
  • Payroll Management: Coordinate and process the monthly payroll
  • Staff Development: Develop and manage the Finance Assistant
  • Financial Analysis: Provide financial analysis, research, financial insight, and business acumen
  • Market Support: Support the General Manager to grow and expand the regional markets
  • Budget Coordination: Coordinate the annual budget process and all forecasting processes
  • Audit Support: Deal with day-to-day matters regarding the audit, tax and financial reporting matters
  • Project Management: Participate and/or lead key business projects using effective and efficient project management skills

9. Interim Finance Manager Details and Accountabilities

  • Statement Consolidation: Preparation and consolidation of divisional financial statements and reporting to key stakeholders
  • System Management: Manage various operating systems and consolidate reporting into the accounts system
  • Revenue Reporting: Reporting revenue including the consolidation of reporting into the accounts system
  • Revenue Reconciliation: Reporting revenue including reconciliation to multiple systems and reporting of metrics
  • Balance Reconciliation: Oversight balance sheet reconciliations, including bank reconciliations
  • Variance Analysis: Review divisional overheads and variance analysis
  • Staff Management: Manage divisional staff, including training and support
  • Controller Support: Provide support to the Financial Controller and Senior Board members
  • Budget Forecasting: Forecasting/Budgeting of revenues and cash flows
  • Cross Communication: Support and communicate across departments

10. Interim Finance Manager Tasks

  • Team Management: Managing a small finance team, responsibilities include
  • Business Support: Provide financial and managerial support to the business
  • Management Accounts: Produce monthly management accounts and MI packs
  • KPI Analysis: KPI analysis, cost-budget review, and variance reporting
  • Group Reporting: Produce consolidated group management accounts and board pack
  • Bank Oversight: Oversight and management of bank reconciliations and accounts payable
  • Process Improvement: Improve processes and systems within Finance
  • Business Partnering: Operate as a business partner to the CEO, Head of Operations and the senior team, supporting both financial and business development opportunities
  • Account Production: Produce monthly management accounts
  • Financial Reporting: Provision of financial reports, cash flow, and forecasting models
  • Tender Support: Support and provide input to tender responses
  • Cost Reduction: Conduct and implement potential cost-reducing opportunities
  • Data Provision: Provide financial data to enable strategic business decisions
  • Board Reporting: Continually provide financial data to the board every month
  • Staff Supervision: Supervision and management of 1 team member who maintains the accounting ledgers and payroll
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