Chair of the Audit Committee

  • Job Reference: 619273737-2
  • Date posted: 9 June 2022
  • Recruiter: CEME
  • Location: London
  • Salary: £500 Per Day
  • Sector: Art, Culture & Heritage, Children & Young People, Community Care & Hospices, Corporate
  • Job type: Permanent

Job description

A rare opportunity has become available to join CEME as our Chair of the Audit Committee and Non-Executive Director (NED).

As our Chair of the Audit Committee and Non-Executive Director, you will possess the ability to form positive and productive relationships with key stakeholders including external auditors, the Chief Executive, the Executive Director of Finance and Resources, the Chair of the Board and other trustees.

CEME exists to bring prosperity to local communities through jobs and skills growth in areas that are at risk of being left behind. We create powerfully configured commercial hubs through collaborative public/private sector partnerships and aspire to deliver our successful model with like-minded partners where the opportunity arises.

If you are an experienced board member, who possesses strong financial literacy skills, has a passion for economic regeneration and creating social value for communities that face disadvantage, we encourage you to apply.

You and your new role

The Chair of the Audit Committee leads the Audit Committee in all aspects of its work and is responsible for the effective management of the affairs of the Audit Committee and ensuring that it is properly organised and functions efficiently.

We are looking for someone who has a financial qualification and experience in Audit positions or significant relevant experience for leading an Audit Committee. You will also have excellent working knowledge of audit committee practices and risk management frameworks.

As part or the role, you will be Chairing meetings so will need to be experienced in this and have a good understanding of how to prepare, manage an agenda and run a successful meeting.

Chair of Audit Committee key duties will include, but not limited to;

Establish procedures to govern the Audit Committee's work and ensure the Audit Committee fully discharges its duties
Ensure that there is an effective relationship between management and the members of the Audit Committee
Report to the Board on the matters reviewed by, and on any decisions or recommendations of, the Audit Committee at the next meeting of the Board following any meeting of the Audit Committee
Ensure the proper flow of information to the Audit Committee
Prepare the Audit Committee meeting agendas, chair meetings of the Audit Committee and encourage a free and open discussion at the meetings
Review the annual assessment of the Audit Committee and take the measures to correct the weaknesses underlined by the assessment
Carry out any special assignments or any functions as requested by the Board. Additional Statutory Trustee Duties
The Chair of Audit Committee will also be the Senior Independent Director
Non Executive Director attributes will include, but not limited to;

Demonstrate a track record of achievements working at a senior level within similar business
Having a good understanding of a trustee/NED, corporate governance and the difference between the executive and non-executive roles
Proven track record of working effectively at board level and as part of a team
Be able to use sound judgement for making informed, commercial decision arising from complex policies, proposals and information
Committed to diversity and inclusion and the strategic objectives of CEME to drive our role as a catalyst for economic regeneration and prosperity
Have exposure to working with a multiplicity of partners, both public and private, reflecting your agility to consider commercial opportunities that deliver social value

What you will get in return

You will receive £500 per day for the Chair of the Audit Committee role.

The Non-Executive Director (NED) role will be unpaid however expenses will be paid.

You will be required to attend four board meetings per year (2.5 hours) plus a strategy day and four Audit Committee meetings per year.

These will take place in London so you will need to be able to commute to the office

What to do next
If interested in this position, please apply now with your CV and short covering statement saying why you are interested and the relevant skills and experience you would bring to the role.

Clover HR will be in contact with you to discuss your experience and the role with you.

Location: London
Contract Type: Permanent
Hours: Part time

You may also have experience in the following: Trustee, NED, Non-Executive Director, Trustees, Board Member, Chairperson, Third Sector, NFP, Director, Chair, CEO, Chief Executive Officer, Charity, etc.

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