Your Impact
As a Trustee, you’ll play a pivotal role in driving strategic initiatives that promote the transformative power of arts-business collaboration. Your insights and expertise will guide our efforts to foster meaningful connections between businesses, artists, and cultural organisations, leading to greater social impact and sustainable growth.
Key benefits of Board membership
This board is a unique cross-section of the corporate and cultural worlds, and benefits include networking opportunities, a sense of purpose and social impact, professional development, and unique experiences through exclusive behind-the-scenes access and arts activity.
Key Responsibilities (for this role in a CLG)
Financial Oversight and Reporting
Ensure accurate and timely preparation and presentation of financial statements and reports to the Board.
Monitor the financial health of the company by regularly reviewing financial statements and key performance indicators.
Oversee the development and implementation of financial policies and procedures.
Budgeting and Financial Planning
Lead the annual budgeting process in collaboration with the CEO, financial controller/bookkeeper, and executive management.
Provide financial analysis and guidance on strategic planning initiatives and funding options.
Ensure that financial strategies and budgets align with the company’s goals and objectives.
Internal Controls and Compliance
Ensure that appropriate internal controls are in place to safeguard the company’s assets.
Ensure compliance with all relevant financial regulations, standards, and best practices.
Oversee the preparation and submission of statutory financial returns and reports.
Audit and Risk Management
Coordinate the annual audit process, working with the external auditors to ensure a smooth and efficient audit.
Review and monitor the implementation of audit recommendations.
Identify and manage financial risks, ensuring appropriate mitigation strategies are in place.
Board Engagement and Communication
Present financial reports and updates at Board meetings, providing clear explanations and insights.
Advise the Board on financial matters, including investments, funding strategies, and risk management.
Liaise with the Governance, Finance & Audit committee and other board committees as necessary.
Support and Mentorship
Provide guidance and support to the CEO and Executive team involved in financial matters, ensuring their professional development and capacity building.
Mentor other Board members on financial matters to enhance their understanding and involvement in financial oversight.
Qualifications and Experience
Educational Background: A degree in finance, accounting, business administration, or a related field. A professional accounting qualification (e.g., CPA, ACCA, CIMA) is highly desirable.
Experience: Significant experience in a senior financial management role, ideally within the not-for-profit or corporate sector. Previous not-for-profit board experience is an advantage.
Skills and Competencies
Strong understanding of financial management, accounting principles, and practices.
Excellent analytical and problem‑solving skills.
Proficiency in financial software and tools.
Strong communication and presentation skills, with the ability to explain complex financial information to non-financial stakeholders.
High ethical standards and a commitment to integrity and transparency.
Personal Attributes
Leadership: Ability to lead and inspire confidence in the financial management of the company.
Collaboration: Strong team player with the ability to work effectively with the board, finance team, and other stakeholders.
Attention to Detail: Meticulous attention to detail to ensure accuracy in financial reporting and compliance.
Judgment: Sound judgment and the ability to make well-informed financial decisions.
Commitment
Time Commitment: The role requires a significant time commitment, including preparation for and attendance at board meetings, finance committee meetings, and other relevant events.
Availability: Must be available to respond to financial matters on an as-needed basis.
Business to Arts is committed to fostering diversity, equity, and inclusion and welcomes applications from individuals of all backgrounds and experiences. Our board composition maintains a healthy 50/50 gender ratio.
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