Hire a fractional CFO in Greece and Cyprus

A fractional CFO leads finance on a fixed rhythm of days each month: the same ownership of the numbers as a full-time CFO, without the full-time seat. For many scale-ups and SMEs in Greece and Cyprus it is the honest answer when:

The accountant is no longer enough, and a full-time CFO would be too much
Investors now expect board reporting the company has never produced
A raise or a sale is a year or two away
Cash surprises the owner every month

The fractional CFOs on Hellenic Talent are elite professionals from Big 4 firms, top consultancies and senior industry finance roles. They know Greek and Cypriot filing obligations, how banks and auditors here work and what investors in this market expect to see.

How a fractional CFO differs from an interim CFO

Fractional CFO

Senior finance leadership, a few days a week

Interim CFO

A full-time CFO, for a defined period

Time

Part-time, typically one to three days a week

Full-time in the CFO seat

Duration

Ongoing, for months or years, alongside the company's growth

Fixed term, typically six to twelve months, until the situation is resolved or a permanent CFO starts

Fees

Monthly retainer that scales with the workload

Monthly salary or day rate, typically at a markup on what a permanent CFO earns

Best for

A company that needs the CFO level, not the full-time seat, for example:

an SME that cannot justify the cost of a qualified full-time CFO
a scale-up after its first institutional round
a family business preparing a bank loan, a succession or a sale

A specific situation that needs a full-time CFO now, for example:

a sudden CFO departure, until the successor starts
an acquisition, a sale or an integration
a turnaround or a restructuring with the banks

Read more in our guide: What is a fractional CFO? A guide for Greece and Cyprus

What does a fractional CFO actually do?

Set the finance calendar: closes, reviews and board packs on fixed dates
Build budgets, forecasts and cash discipline the business actually uses
Produce board and investor reporting that stands up to questioning
Direct the accountant between visits, and the small finance team around them
Handle the banks and auditors alongside the tax advisor
Get the numbers ready for a raise, an audit or a sale

How to choose the right fractional CFO

What to test in the first conversation, whoever you end up hiring.

The monthly calendar
Can show the monthly calendar they run for a client: which days, which close dates and which board pack.
Directs your accountant
Explains how they keep an external accountant and a bookkeeper working to their standards between visits.
Built a first board pack
Has turned an accountant's statutory books into the first monthly pack an investor or a bank accepted.

How Hellenic Talent helps you find the right fractional CFO

In Greece and Cyprus there is no association, no benchmark and no habit of buying finance leadership a few days a week, so most companies start and end with their own network. Hellenic Talent closes that gap in three steps:

We know every member personally. Each has passed our rigorous interview process, and we know them well: they are not just a number in a database.
2
We match you with the fractional CFO who fits best, or an interim CFO if that suits the situation better, on:
- budget and rates
- working style
- specialisation, such as loan restructuring or an ERP roll-out
We help you choose. We come back with a shortlist, set up the conversations, and help you make the right choice.

Our network

Fractional CFOs and finance specialists in our network

Fractional CFO
25+years in finance
Former partner at a Big Four firm
Steps in as interim CFO at short notice and reorganises the finance teams of family businesses.
Athens
Open to travelOpen to remote work
Fractional CFO
25+years in finance
Former CFO and general manager at multinationals
Builds reporting, budgets and approval procedures, then readies companies for a sale or a bank loan.
Athens
Open to travelOpen to remote work
Groups of companies
15+years in finance
Former group CFO and founder of an advisory firm
Sets up group reporting, budgets and cash control for owners of multi-company businesses.
Athens
Open to travelOpen to remote work
Business plans and funding
15+years in finance
Corporate finance adviser, formerly in investment banking
Builds the business plans, models and pitch material that banks and investors ask for.
Greece
Open to travelOpen to remote work
Energy and renewables
20+years in finance
Former CFO of a group of companies
Builds business plans and valuations for solar and wind projects, and the bank financing behind them.
Athens
Open to travelOpen to remote work
ERP and reporting
8+years in finance
Former head of FP&A, now a fractional CFO
Leads ERP roll-outs and automates the reporting that owners and boards rely on.
Cyprus
Open to travelOpen to remote work
Restructuring
25+years in finance
Former group CFO, now an interim and part-time CFO
Has led corporate debt restructurings and refinanced credit lines with the banks.
Athens
Open to travelOpen to remote work
Foreign-owned companies
15+years in finance
Former finance director at international groups in Cyprus
Handles group reporting, consolidation and bank refinancing for cross-border holding structures.
Cyprus
Open to travelOpen to remote work
Start-ups and SMEs
10+years in finance
Former financial controller at international companies
Sets up the structure, budgets and funding plans of start-ups and young SMEs.
Athens
Open to travelOpen to remote work