The Company
Industry: Legal Services
Entity Type: Non-Profit
Operating Region: East Coast
Size: $75M
The PROBLEM
Amid significant organizational growth, the organization’s finance team faced capacity issues, with the department’s leader overly involved in day-to-day operations. The organization required an interim CFO to assess and restructure the finance department to improve efficiency and support future growth.
The Solution
McDermott + Bull Interim Leaders placed an experienced interim CFO with a strong background in non-profit financial management. They assessed the operational landscape and presented a comprehensive strategic plan. This plan led to a reorganization of the finance department, redistributing responsibilities and introducing new roles to enhance productivity and operational effectiveness.
The RESULT
The interim CFO’s leadership resulted in the successful restructuring of the finance department, with an expansion of the team’s responsibilities to address new financial opportunities. They introduced several operational improvements, streamlined reporting processes, and created a more efficient workflow.
Secured Employee Retention Credit (ERC)
Collaborated with a third-party firm, securing a substantial refund related to employee payroll taxes.
Timely Year-End Closings
Achieved on-time year-end closings and completed audits ahead of schedule, eliminating the delays experienced in prior years.
Financial Infrastructure Strengthened
Developed a vendor contracting policy and led the transition to a new pension provider, reinforcing the organization’s financial framework.
Julie Francis
Managing Director, McDermott + Bull Interim Leaders
jfrancis@mbexec.com
Julie Francis serves as a Managing Director for McDermott + Bull Interim Leaders, where she identifies and secures highly skilled executives to address client companies’ critical business challenges, provide interim leadership, and oversee special projects. She works with executive leadership at middle-market and enterprise-level companies as well as with investment banks and private equity groups to improve operational and financial performance.