GC Business Finance is the finance arm of The Growth Company and operates as a FCA regulated not for profit Alternative Lender providing, business loans, early stage equity and 3rd Party loan administration and collection services. GCBF lends both from its own balance sheet and from managed publicly backed funds to growth and start up SMEs directly in the North West of England and indirectly across the UK. With lending already in excess of £220m the business has a strategic growth plan to further extend its economic impact throughout the North West and UK. This will require the development of both new products and of the business infrastructure to support growth in a tightly regulated market.
As members of the board, all Directors are required to:
- Set the organisation's vision, values and standards.
- Set the organisation's strategic aims, ensure that the necessary resources are in place for the organisation to meet its objectives, and review management performance.
- Provide entrepreneurial leadership of the organisation within a framework of prudent and effective controls which enable risk to be assessed and managed.
- Constructively challenge Board decision making from a neutral and independent perspective
In addition to these requirements the role of Independent Non-Executive Director has the following key elements:
- Strategy Directors should help develop proposals on strategy.
- Performance Directors should scrutinise the performance of the Executive Director in meeting agreed goals and objectives and monitor the reporting of performance.
- Risk Directors should satisfy themselves on the integrity of financial information and feel comfortable that financial controls and systems of risk management are robust and defensible.
- People Directors have a role in appointing, and where necessary removing, Directors and in succession planning.
Directors should constantly seek to establish and maintain confidence in the conduct of the organisation. They should be independent in judgement and have an enquiring mind. To be effective, Directors need to build recognition by staff of their contribution in order to promote openness and trust.
To be effective, Directors need to be well-informed about the organisation and the external environment in which it operates, with a strong command of issues relevant to the organisation. Specific induction will be to successful candidates.
- Commitment to GC Business Finance and its objectives.
- Previous board level experience or operated at a senior level within a large corporate.
- The ability to contribute to the growth and development of the company through both traditional and new financial service models/opportunities.
- The skill to represent and promote GC Business Finance to external stakeholders.
- Experience in at least one of the following areas:
- Business and commercial bank lending.
- Knowledge of early stage equity and Angel investment fund structures
- Experience of introducing relevant/new financial technology solutions to aid business growth.
- Able to attend meetings, primarily in Manchester and represent GC Business Finance at occasional events as appropriate (maximum of 6 meetings per annum.
- Management and strategic leadership skills in a relevant sector.
- Knowledge of structures, controls and business finance policy.
- Experience of organisational development and entering new markets.
- Knowledge of alternative finance models and engaging with third sector providers.
- Knowledge of regulated loan administration and arrears management outsourcing services.
The Board of Directors normally meets up to four times each year. Independent Non-Executive Directors may be appointed for a maximum of two terms of four years. Directors may serve on or lead other GC Business Finance working groups as identified.
This is a voluntary position which is not remunerated other than for the reimbursement of travel expenses to attend board meetings and events.
To apply for this role, please click apply online and upload an updated copy of your CV.