Oct 282019
 

Board Member & Chair of Audit & Risk Committee - West Kent Housing Association

Location: Sevenoaks, Kent
Date Posted: 24/10/2019
Closing Date: 18/11/2019

We are an independent organisation with a proud history and an enviable reputation for excellent customer service, which is underpinned by our values. Our vision is to be the leading community provider of affordable homes in Kent. We believe that a good home is a foundation for getting on in life and our reason for being is to meet the housing need in Kent. We help the many people for whom a good home is too expensive.

You will be joining us at an exciting time, at the start of our fourth decade. We own and manage over 7,300 homes in Kent and Medway. We have a new Chief Executive and ambitious plans for growth.

As a member of the Board you will provide strategic leadership, ensure the necessary resources are in place and that we deliver on our promises. As a member of Audit, Finance and Risk Committee you will have a thorough understanding of Finance, Risk and Audit systems and procedures and be experienced in chairing meetings.

If you are a senior leader with a close connection to Kent and Medway, who cares about housing and communities in our area, and can put our residents first, then we want to hear from you.

Role Profile:

Board Member & Chair of Audit, Finance & Risk Committee

£6,400 paid in twelve equal instalments as a board member
An additional £1,288 is paid to the Chair of Audit, Finance, and Risk making a total fee of £7,688.

The Board provides strategic leadership of the Association and subsidiary businesses. It sets the strategic vision and ensures that the necessary financial and other resources are in place for the its aims and objectives and reviews performance. It upholds the values and standards and ensures that legal and regulatory obligations are understood and met.

Audit, Finance and Risk is an important Board sub-committee and the Chair is responsible for ensuring the committee carries out its duties in line with the terms of reference, Code of Governance and sector good practice.

Key responsibilities

  • Work with the Chair of the Board and other Board members to ensure strong and effective governance arrangements that deliver the aims, objectives and intended outcomes of West Kent.
  • Advise the Board on compliance with all relevant legal, regulatory and governance requirements.
  • Ensure West Kent has an effective, robust and prudent business planning, risk and control framework.
  • Provide professional advice and challenge within the finance, audit and risk functions.
  • Provide assurance to the Board on the integrity of financial information.
  • Enable the Board to approve business plans, budgets and the annual financial statements.
  • Oversee the effectiveness of frameworks of delegation and systems of internal control.
  • Oversee the effectiveness of the risk management framework, ensuring that the Board is involved in considerations of risk appetite, risk assessment and relevant mitigation plans.
  • Lead on the selection of external and internal auditors.
  • Produce a Chair’s Report for the Board from each Committee meeting and an annual report of the Committee’s activities.
  • Work with the Executive team and finance function outside of formal Board meetings to fully understand the activities of the business.

Other Board responsibilities

  • Work with the Executive Team on the values, vision, mission and strategic objectives of West Kent to ensure its long-term success.
  • Familiarise yourself with all matters relevant to the work undertaken by the Board, including any relevant regulatory and statutory requirements.
  • Ensure West Kent is compliant with all its legal and regulatory obligations including social housing standards, the National Housing Federation Code of Governance and recognised good practice.
  • Comply with West Kent’s Code of Conduct, Standing Orders, rules and other internal policies and procedures, as set and amended by the Board.
  • Act in accordance with West Kent’s values including its commitment to equality and diversity and avoiding doing anything which brings the Association into disrepute.
  • Prepare for, attend and contribute to all meetings of the Board, and all Committees of which you are a member, and share responsibility for decisions made by the Board and/or Committee.
  • Participate in induction, training and performance review sessions including an annual appraisal of your performance and undertake any action agreed in that review.
  • Continue to develop your skills as a board member and knowledge of the sector, taking responsibility for own learning.
  • Contribute effectively at meetings through constructive challenge, debate and subsequent decision-making.
  • Be an ambassador for West Kent when representing the Association externally.
  • Act as a role model West Kent’s values.

Person details:

Board Member & Chair of Audit Committee
Experience, knowledge and skills

  • Senior leadership experience in a business context, involving financial and business planning, budgeting and performance monitoring.
  • Experience on a non-executive audit and risk committee, including working effectively with external and internal auditors.
  • Experience of operating in a non-executive capacity, ideally in a regulated sector.
  • Understanding of governance in a regulated sector involving compliance monitoring, risk management and Board assurance.
  • Experience in treasury management.
  • Good understanding of information technology and/or the digital environment.
  • Recognised financial qualifications
  • Understanding of the need for non-executive independence and integrity.
  • Able to assimilate and interrogate significant amounts of information in order to contribute to debates.
  • High level strategic management experience.
  • Strong interpersonal and communication skills with the ability to challenge constructively to get the right outcome, but without crossing the line into operational management.
  • Able to create an environment that helps colleagues contribute and be heard.
  • Able to act with the best interest of residents and the Association.
  • Able to use expertise collaboratively to help others improve and develop and to support delivery of results.
  • Ability to assimilate complex issues and make rational and independent judgments, whilst recognising the need to reach consensus decisions.
  • A recognition and appreciation of the role of housing associations.

non-executive director

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