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Finance Recruitment

How to Hire a Chief Financial Officer in the UK (2026)

Board-level financial leadership and strategy. Hiring a CFO.
By Mark Wilkinson, Managing Director of Coburg Banks
Mark has over 30 years in recruitment, placing finance and accountancy professionals from Accounts Assistant to Finance Director across the UK.
Mark's Linkedin Profile

A CFO leads finance at the top table - strategy, funding, investor relations and the finance team - as well as the numbers. It's a hire that shapes the direction and fundability of the business, so it warrants a considered, board-led process.

⚡ In short

A UK CFO typically earns £110k-£180k plus bonus and often equity. Expect a search of 10-16 weeks. Coburg Banks supports CFO hires with no fee until placement and a 12-week guarantee.

£110k-£180k

Typical base salary

10-16 weeks

Time to hire

48 hrs

To first shortlist

12 wks

Replacement guarantee

What to look for in a Chief Financial Officer

1

Strategic and funding-savvy

Ask about funding rounds, deals or transformations they led, not just reporting.

2

Board and investor credibility

They'll face investors and non-execs. Look for someone who holds that room.

3

Right stage

A CFO who scaled a large group may not fit an early-stage business, and vice versa.

How to run the hire

1. Agree the mandate with the board
Decide what the CFO must deliver - funding, exit, scale - and the success measures.

2. Match the stage and sector
Target people who've operated at your size and funding model.

3. Source through networks
Senior finance leaders come from introductions and headhunting.

4. Use a strategy presentation
Have the shortlist present a finance plan for your business.

5. Reference deeply
Speak to former chairs and investors about judgement and delivery.

Frequently asked questions

How much does it cost to hire a CFO?

At executive level, fees generally run 25-30% of first-year salary, and searches are often retained.

We agree the structure upfront, with nothing due until your hire starts.

How long does it take to hire a CFO?

Expect 10-16 weeks for a board-level role.

Board alignment on the mandate is the biggest factor in keeping it on track.

What does a CFO do?

A CFO is the most senior finance leader - owning financial strategy, funding, investor relations, controls and the finance team.

They sit on the board and shape the direction and financial health of the business, not just report on it.

Do I need a CFO or a Finance Director?

If you need strategic finance leadership, funding and investor management, a CFO fits. If the need is strong operational finance ownership, an FD may be right.

Many SMEs over-title here, so we'll advise honestly.

What should I ask a CFO at interview?

Try: Tell me about a funding round or deal you led.
How do you work with a board and investors?
Tell me about a financial decision you got wrong. and What's your first-100-days plan for us?

Do you advise on CFO packages and equity?

Yes. We help structure competitive packages including bonus and equity, and manage the negotiation, since the best CFOs have options.

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Ready to hire your next Chief Financial Officer?

Tell us about your role and a specialist finance recruiter will call you. No fee until your hire starts.