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Finance Committee Members - King’s College London

Employer
King's College London
Location
London (Greater) (GB)
Salary
Unremunerated
Closing date
16 Aug 2021

View more

Sector
Education
Responsibilities
Finance, Strategy
Position/Level
Senior Management
Contract Type
Permanent

King’s College London

Finance Committee Members

The vision of King’s is to make the world a better place.  Since its foundation in 1829, students and staff of King’s have dedicated themselves in the service of society.  King’s College London is one of the top 10 UK universities in the world (QS World University Rankings, 2018/19), the fourth oldest university in England and is research-led and based in the heart of London.  It has over 31,000 students (including more than 12,800 postgraduates) from some 150 countries and over 8,500 members of staff.  King’s is in the top seven UK universities for research earnings and has an overall annual income of just over £778m.

Rising to meet the challenges brought on by the global pandemic, King’s is now focused on the opportunities that lie ahead and is strengthened in its resolve to build upon its history of making a full contribution to society.  Playing an increasingly proactive role in a more interconnected, complex world, King’s will continue to adapt and innovate to deliver world-leading education and research. 

The Council of King’s College London seeks to appoint two independent co-opted members of the Finance Committee.  This will be a stimulating, challenging and rewarding time to join a major committee of the Council, and will offer the opportunity to help secure the College’s position as one of the world’s finest universities, acting in the service of society.

The Finance Committee, chaired by the Honorary Treasurer, is the committee of the Council responsible for formulating policies for and overseeing the effective management and control of the financial affairs of the College.  Candidates will demonstrate proficiency in many if not all the following core competences and qualities:

  • Collaboration – able to work positively with others, offering challenge whilst maintaining a constructive atmosphere and recognising and respecting the complementary skills and experiences of colleagues.
  • Influencing – able to express complex strategic ideas and financial plans and concepts in a clear manner and to listen actively to other views.
  • Strategic perspective – able to develop a broad-based view of strategic and operational issues and events and perceive their long-term impact.
  • Intellectual ability – able to absorb high volumes of complex information and offer constructive advice appropriately; able to think laterally and arrive at pragmatic solutions.
  • Technical ability – expertise in a field of relevance to the oversight of the affairs of the College with a relevant professional qualification valuable but not essential.

Alongside the core skills described above, the following areas of professional expertise have been identified as being able to add immediate value to the Finance Committee:

  • Board level experience with meaningful understanding of pensions, gained in an accounting, consulting or actuarial firm, in an insurance or investment management firm, being a trustee of a reasonable-sized pension fund, or a regulator.
  • Property finance experience gained as a CFO or senior finance professional in a business with a substantial property portfolio.

We seek candidates with gravitas, who are collegiate, straight-talking and engaged.  Individuals with a strong intellect, commercial nous and good judgement, who can challenge and probe pragmatically, whilst striving to achieve consensus.  Candidates will demonstrate a sound understanding of the main trends and challenges facing a university such as King’s and the ability to deploy core strategic abilities to the benefit of the College.

All members of the Finance Committee who do not serve ex-officio shall normally serve a maximum of two consecutive three-year terms, with the possibility of extension for a further single three-year term (up to a maximum of nine years) in exceptional circumstances.  Service on the Finance Committee is not remunerated.  However, members will be reimbursed for expenses incurred in carrying out their responsibilities.

The Finance Committee meets three times a year, (once a term) and in addition twice a year jointly with the Estates Strategy Committee.

King’s College London is committed to equality, diversity and inclusion and through this appointment process it is the Council’s clear stated aim to develop candidate pools that include applicants from all backgrounds and communities.  The University particularly welcomes applications from women, people from black and minority ethnic communities, the LGBTQ+ community and from disabled people.

For further information, including details of how to apply, please visit www.odgers.com/83204.

Closing date: Monday 16th August 2021

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