Trustee, Foothold – The Institution of Engineering and Technology Benevolent Fund
Foothold exists to ensure that no engineer or their family needs to face life’s challenges alone.
In 1890 a group of engineers decided that their Institution should do something for fellow engineers in need. In the almost 130 years since, they have continued to develop services which support over 1,300 engineers and family members a year, from across the globe.
Foothold’s recently appointed CEO, Jane Petit, joined to implement the next phase of strategic planning and development to ensure that the organisation can respond to the ever-changing needs of their community. One of Jane’s first actions was to commission a piece of research into current and future issues facing engineers, and a review to inform the strategy for 2019-2022 with the ambition of increasing the wellbeing of engineers and their families worldwide and supporting 3,000 people a year by 2022.
At this important time in their journey, Foothold are seeking a Trustee with specific financial expertise who will bring new talent to their Board to help the organisation achieve its plans for growth and ensure that it continues to extend its reach, influence and impact.
Foothold are particularly interested in people with experience in financial planning and charity accountancy. As honorary treasurer this role will also chair the Audit and Investment Committee.
Why Foothold’s help is important
Foothold’s recent research showed that their community serve have three main areas of need:
• Work and employment;
• Health and wellbeing;
• Financial and legal problems.
Foothold’s new strategy focuses on activities which support an increase in wellbeing, intended to empower their community by providing tools to help them help themselves.
Then, if engineers and their families experience life events and moments of transition such as getting sick, experiencing bereavement, redundancy or relationship breakdown (all common triggers for poverty) not only can they offer practical assistance with finances or legal matters, they have also increased their likelihood of coping.
As a member of the Board of Trustees and Audit and Risk Committee, the Trustee will have the expertise to ensure the strategic oversight of the charity’s finances and to support appropriate decisions and good governance by the Board. This includes:
• Providing the lead in the stewardship of the financial assets of Foothold;
• Providing advice and information to the Trustees on their financial responsibilities;
• Acting as the link between the Trustees and the management on financial matters;
• Keeping under review the effectiveness of all internal control systems, including financial operational and compliance controls;
• Liaising through the Audit and Risk Committee with finance staff, including CEO and Finance Manager and with the charity’s independent auditor.
The main responsibilities of all Trustees are:
- To abide by the Trustees’ Code of Conduct and to declare as appropriate their business interests;
- To set and maintain vision, mission and values;
- To ensure that Foothold always complies with its governing document, charity law, company law and any other relevant legislation or regulations;
- To ensure that Foothold pursues its objects as defined in its governing document;
- To maintain proper financial control and ensure that Foothold applies its resources exclusively in pursuance of its objectives;
- To develop strategy and provide strategic leadership, setting overall policy, defining goals and setting targets, as well as evaluating performance against agreed targets;
- To ensure accountability.
- To support the operational management of the organisation;
- To agree the content and implementation of mandatory internal policies, which must include equality and diversity, health and safety policies and grievance and disciplinary procedures;
- To ensure that risk assessments for all aspects of the business are carried out;
- To safeguard the good name and values of Foothold;
- To maintain effective Board performance and ensure the effective and efficient administration of the charity including funding, insurance and premises;
- To promote Foothold and act in the best interests of the charity, never in the interests of yourself or another organisation.
Knowledge and experience
- Financial and audit/risk experience (with a recognised financial qualification) and strong knowledge of SORP, charity and company law and UK GAAP;
- Senior strategic level experience, or experience as a charity Trustee/Non-Executive of a complex organisation;
- Outstanding record of professional achievement in their field, with a commensurate personal reputation for excellence, with a focus on strategic finance, audit and risk, planning and performance;
- Strong understanding and acceptance of the legal duties, responsibilities and liabilities of Trusteeship;
- Appreciation of the nature of risk management at Board level.
Skills and abilities
- Ability to distil complex information and bring a pragmatic approach to its application;
- Highly effective communication and interpersonal skills;
- Ability to galvanise external relationships and build support for Foothold;
- Strong ambassadorial and influencing skills, inspiring trust and confidence quickly;
- Independent, strategic and creative thinker;
- Driven and self-managing, with sharp commercial acumen;
- Collaborative team player;
- Sound judgement and political sense;
- Committed to the values of Foothold, leading by example in upholding these values and demonstrating the utmost integrity.
- A detailed and up-to-date CV ;
- A supporting statement that addresses all criteria in the person specification and outlines your motivation for applying;
- Details of your availability on the dates provided in the indicative timetable.
- Equalities Monitoring Form, downloadable below.
To upload your completed documents online, please click the Apply Now button at the top of this page.
Alternatively, please submit applications via email to Patrick Reihill, Head of Talent at WIG – [email protected]
The closing date for applications Midday on Monday 20 January 2020.
Shortlisted candidates will have the opportunity to meet the Chief Executive and/or Finance Manager during the week commencing 10 February 2020.
Interviews will be held on Thursday 27 February 2020 in London.
If you have any queries about any aspect of the appointment process, need additional information or wish to have an informal and confidential discussion, please contact Patrick Reihill, Head of Talent at WIG on 0207 222 1166 or [email protected]
A more detailed recruitment pack is available below.Foothold Trustee Recruitment Pack November 2019.pdf WIG Equalities Monitoring Form.docx WIG Foothold Trustee November 2019.pdf