Interim treasurers are generally employed for a fixed period of time, typically between one and six months or longer.
Their role will often be project based, covering sickness or possibly maternity leaves with the responsibilities more operationally focused, driven by day to day needs and demands. They are usually paid on a pro rata basis directly by the employer.
The flexibility, choice and variety of experience an interim employee can offer an organization means that this method of recruitment is increasingly popular amongst Treasury departments.
Companies also look to hire interim treasurers to cover while recruiting a permanent member of staff or with a view to taking the temp on permanently, during busy periods of the year or to assist with special projects.
Generally, the notice period between either party will be agreed by the client.
Who becomes an Interim Treasury Employee and what is their background?
Often, they will be a treasury professional who has finished permanent employment but who is seeking a demanding role with flexible working patterns. This will often be a new role or a role working alongside other senior finance professionals where they are likely to be working on a specific strategic project basis i.e. setting up capital structures or reviewing treasury operations.
Roles are generally more project based and conversion to a permanent role is less frequent.
Generally, the notice period between either party will be agreed by the client, anywhere between one to 3 months is usual.