Non-Executive Finance Director

Location
England, remote/hybrid option available.
Salary
Pro-bono position, domestic travel expenses will be reimbursed (hybrid options available)
Posted
27 Jul 2022
Closes
10 Aug 2022
Job role
NED/Trustee
Contract type
Contract
Hours
Part time

Public Practice is looking to appoint a Non-Executive Finance Director who is asked to commit a minimum of 60 hours per year, to help provide financial advice and direction as we grow. The organisation is scaling its services and operations, and the support and role of the Board of Directors in the coming years will be critical to Public Practice’s ongoing success.

Visit our website for more details: www.publicpractice.org.uk/ned-finance

Public Practice is managed day-to-day by an executive team of eight paid employees. The staff have a large amount of delegated responsibilities but report regularly to the Board of Directors who are legally responsible for the organisation’s work. All Directors are required to:
— Direct Public Practice’s strategy.
— Ensure legal and contractual requirements are met.
— Ensure the organisation’s financial health is maintained.
— Support the ongoing governance of the organisation.
— Recruit and induct new board members.
— Be sufficiently independent to provide objective criticism.
— Ensure the team is performing, by checking that objectives are being met and key information is being reported properly and on time.
— Support the setting of staff remuneration budget and oversee the appointment of senior executives and succession planning.
— Support the continued development of senior staff members and monitor and stretch the quality and depth of work produced by the team.
— Ensure the organisation appropriately monitors and manages its risk

PERSON SPECIFICATION
Finance is currently managed by the Chief Operating Officer and Operations Manager who maintain day-to-day book-keeping via XERO, and with support from external accountants who advise on tax and financial planning issues, as well as submit VAT and annual returns on behalf of the company.

We are looking to recruit a Non-Executive Finance Director who would:
— Provide Financial Management Support: The applicant is expected to demonstrate relevant qualifications and experience as this role will involve maintaining an overview of the financial affairs at an exciting time of the expansion of the organisation nationally. The Finance Director will support the Company in ensuring effective financial controls are in place commensurate with risk, and to oversee sound budgeting, monitoring and reporting of the financial health of the
Company.
— Oversee Financial Planning: the Non-Executive Finance Director is expected to be able to advise the company on financial planning. For example, helping to review financial projections and modelling for the organisation beyond the day-to-day operations. The applicant should demonstrate an understanding of the needs of a small not-for-profit company and having income from a variety of revenues, government grants or donations.
— Be a key member of the Finance sub-committee: The Non-Executive Finance Director would be expected to participate in regular Finance sub-committee meetings, to include another Non-Executive Director and the senior executive team.
— Provide clear communications: The Non-Executive Finance Director would be expected to be able to bridge different levels of knowledge and understanding of Finance through clear communications for eg. the accountants, the team and the Board, ensuring different stakeholders have the right level of information and detail to be able to make effective financial and strategic decisions.

Candidates are not expected to have prior experience as a Financial Director, but we are looking for someone who is familiar working with SMEs and ideally those with a mix of revenue, donation and grant income. We are looking for individuals who are:
— Committed to our values (in particular relevance to this role is EEDI, openness, transparency and excellence)
— Interested in the services Public Practice offers
— Able to use individual skills, perspective and experience to be a critical friend, enhancing our work and impact.
— Enthusiastic and have the time available to commit to the role.

Applicants should submit a CV and short (maximum one page) covering letter setting out why you are applying for this role, your motivations for joining Public Practice and the relevant experience that you will bring. All applications should be submitted at practice-public.workable.com. (We do not accept applications outside of this system. If you require any access support to submit your application contact us to discuss how we can support you by calling 020 3858 7477).

TIMELINE FOR RECRUITMENT
10 August 2pm Deadline for applications
15 August 10am-1pm Selected applicants attending an online interview
29 August Confirmation of appointments to be made
7 September New Director required to attend our September board meeting (as an Observer in the first instance)

ADDITIONAL INFORMATION
Visit our website for more details: www.publicpractice.org.uk/ned-finance. For any queries please contact info@publicpractice.org.uk or 020 3858 7477.