HIRE INTERIM
CFOs FOR YOUR CONSTRUCTION & ENGINEERING BUSINESS
Meet proven leaders ready to step into your construction & engineering company’s vacant finance and accounting C-suite role.
“I’ve always been so impressed by your network, deep firsthand understanding of what ‘great’ looks like for PE and your ability to run down trusted back channels from trusted sponsors and that all came to bear here in such a meaningful way.”
PE Firm Managing Director, Talent
TRUSTED BY HUNDREDS OF PRIVATE EQUITY FIRMS AND THOUSANDS OF PROACTIVE CONSTRUCTION & ENGINEERING BUSINESSES
Why Trust BluWave for your Temporary Construction & Engineering CFO?
You need an interim CFO fast, and BluWave already knows the best candidates. We’ll connect you with a short list of temporary chief financial officers within 24 hours of reaching out to our team of research consultants. Get matched by industry, company size, revenue models and other specific variables with the pre-vetted executives in our exclusive network.
800+ Interim CFOs
40+ Industries
<24 H Get connected
Advantages
Expedient hiring process
Proven candidates
CFOs in your area
Extensive network
Project-specific vetting
Simple, consultative process
Expedient hiring process
Interim CFO Recruitment with BluWave
Lightning-fast interview process
Double-verified recommendations
Available CFOs who are local to you
Robust bench of experts
Tailored hires for specific projects
BluWave’s hands-on, white-glove service
Connect with best-fit, pre-vetted resources
Generalist Interim CFO firms
Lengthy 5-6 month hiring process
Commitments to unproven candidates
Remote CFOs who need to relocate
Limited word-of-mouth references
Non-specialized & generalist candidates
Self-serve platform to learn and navigate
Hassles of traditional hiring evaluations
Temporary CFOs who understand the challenges your Construction & Engineering business faces
Interim CFOs for Construction, Engineering Companies
Pain Points of Not Having a CFO
Financial Oversight and Compliance
Without a CFO, you face challenges in maintaining the critical financial oversight necessary in the construction and engineering industry, where project-based accounting, compliance with industry regulations and managing large-scale contracts are essential. This gap can lead to financial inaccuracies and compliance risks, jeopardizing your projects and client trust.
Cash Flow and Project Financing
Construction and engineering companies often deal with cash flow complexities due to the cyclical nature of projects, delayed payments from clients and the need to fund ongoing operations and materials upfront. Without a CFO, you struggle to effectively manage these financial flows, which can impact your ability to keep projects on schedule and within budget.
Budgeting and Cost Control
Your ability to accurately budget and control costs across multiple projects is hindered without the strategic guidance of a CFO. This can result in cost overruns, resource shortages or underfunded projects, all of which can negatively affect your profitability and reputation in the industry.
Stakeholder and Investor Communication
Your CFO typically plays a pivotal role in communicating financial performance, project progress and strategic direction to stakeholders and investors. Without this leadership, you may find it difficult to provide the level of detailed financial reporting and transparency that your stakeholders demand, potentially leading to diminished confidence in your company’s financial stability.
Challenges of Finding a Replacement for Your CFO
Lengthy Hiring Process
The search for a qualified CFO in the construction and engineering industry can be lengthy and challenging. The competitive job market makes it difficult to find candidates who possess the specialized knowledge of project accounting, cost management and who align with your company’s culture and operational needs.
Risk of a Poor Hire
Hiring the wrong CFO can be costly, particularly in a project-driven industry like construction and engineering. A poor fit can disrupt financial operations, lead to project delays and negatively impact client relationships, making it essential to choose a candidate who can immediately contribute to your company’s success.
Pressure from Clients and Investors
Your clients, partners and investors expect the CFO position to be filled quickly, but the urgency to hire must be balanced with the need to select a candidate who is truly capable of managing the complex financial demands of a construction or engineering firm.
Benefits of Hiring Your Interim CFO with BluWave
Immediate Financial Stabilization
A temporary CFO can quickly bring stability to your construction or engineering firm’s financial operations. BluWave connects you with a curated list of top candidates within 24 hours, allowing them to step in and manage critical financial tasks, ensuring your projects continue smoothly during the transition period.
Industry-Specific Financial Expertise
Our interim CFOs have extensive experience in the construction and engineering sectors, with deep knowledge of project-based accounting, cost control and contract management. They are equipped to navigate the unique financial challenges of your industry, from managing cash flow variability to optimizing financial reporting across multiple projects.
Clear, Objective Insights
Clear, Objective Insights: Bringing in a temporary CFO offers a fresh, objective perspective on your financial processes, helping you identify inefficiencies in project budgeting, resource allocation or cost management and providing actionable strategies to enhance profitability and project efficiency.
Strategic Flexibility
Engaging a temporary CFO provides the flexibility to continue your search for a permanent financial leader without compromising the quality of your financial management. Our candidates are adept at maintaining strong financial oversight during this period and many are often retained in permanent roles due to their proven value.
Cost-Effective Financial Leadership
BluWave ensures that the interim CFOs we place deliver quick and impactful results, minimizing the financial and operational risks associated with a long-term commitment. This allows you to maintain robust financial leadership, keeping your construction or engineering projects on track without the pressure of making an immediate permanent hire.
Client Testimonials
Why Business Leaders Use BluWave
The interim executive you selected for us did great work. We would rate her as great overall.
CEO, Portfolio Company
Effective communicator, strong orientation towards metrics and hyperfocused on the ‘big rocks.’ Pleasure to work with as always! Responsive, timely and thoughtful.
Vice President, PE Firm
Your resource was very attentive and understood the requirements very quickly. They devised a plan, provided it in writing and dealt with both internal staff and external parties on our behalf very professionally.
Executive, Portfolio Company
TEMPORARY CFO SERVICES
WHEN TO HIRE AN INTERIM CFO
Your full-time CFO abruptly left or was dismissed
You recently acquired a new company and need an experienced finance leader
You’re preparing to sell a company
You want to evaluate a candidate as a potential full-time hire
“In the construction and engineering industry, an interim CFO is essential for maintaining financial stability during leadership transitions. They oversee project financing, optimize resource allocation and ensure compliance with industry regulations while the company secures a permanent CFO.”
Keenan Kolinsky
Managing Director, Head of Research & Operations
Client Success Stories
Strategic Interim CFO Leadership for a High-Growth Private Equity Firm
Enhanced Financial Leadership and Preparedness for Acquisition
With the interim CFO in place, the private equity firm was better equipped to handle the financial intricacies of its upcoming acquisitions. The executive’s expertise in financial management and strategic planning was instrumental in positioning the firm to successfully expand and manage its investment portfolio, thereby achieving its goal of preserving and growing client capital efficiently.
Interim CFO Crucially Needed for Portco Carveout
Strategic Leadership Ushering in Financial Revitalization
A principal at a PE firm came to us with a critical need for an interim CFO to lead the carveout of a construction & engineering company that they had just signed on. With closing occurring in 60 days and a 12-month TSA that would then begin, the firm urgently needed an interim CFO that could be dedicated to the carveout infrastructure.
Interim CFO with Expertise in Commodities, Hedging for Construction & Engineering
PortCo
Securing a Competitive Advantage with Expert Analysis
With the interim CFO on board, the company maintained seamless financial operations, ensuring that their hedging strategies were effectively managed and that their financial reporting remained accurate. The temporary executive’s expertise allowed the CEO to focus on other critical aspects of the business, confident that their financial operations were in capable hands.
Private Equity Interim CFO: Resources
Interim CFO To Revolutionize Financial Forecasting for Construction Portco
The interim CFO’s introduction facilitated a smooth transition to an effective 13-week cash flow model, custom-designed for the client’s business framework. This strategic move significantly improved the company’s ability to manage borrowing needs and effectively handle its considerable add-on pipeline, leading to more streamlined financial operations and paving the way for successful growth and integrations.
Interim CFO To Customize BI&A for Commercial Roofing Company
Under the interim executive’s leadership, the commercial roofing platform successfully built out KPI dashboards and business intelligence tools that seamlessly integrated with their IT systems. The comprehensive solutions provided unparalleled financial visibility, empowering the platform to make informed decisions and optimize their sales and marketing machine.
Interim CFO Consulting for Your Portfolio Company
Private equity firms that need to find the right interim chief financial officer for their portfolio companies face a difficult task. The stakes are high, time is short, and experienced financial leadership is crucial.
Key Considerations when Hiring an Interim CFO
Identifying an interim chief financial officer can be tedious, if not expensive. Companies that don’t know what they’re looking for when they begin their search could spend large sums of money on headhunters and recruiting firms. BluWave has a better way.
Interim CFO for a Financial Crisis
When a company faces a financial crisis, an interim chief financial officer can make all the difference in a successful turnaround. Whether going through a restructuring, facing bankruptcy or other challenging financial situations, an experienced financial leader is essential.