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Role

Non-Executive Director / Chair of the Finance sub-Committee

Job Title: Non-Executive Director / Chair of the Finance sub-Committee
Location: Lincolnshire
Industry:
Salary: 0 - 0
Reference: The Priory Federation of Academies Trust
Contact Name: Academy Ambassadors
Contact Email: academyambassadors@newschoolsnetwork.org
Job Published: March 10, 2020 13:17

Job Description

The Priory Federation of Academies Trust

The Priory Federation of Academies Trust seeks to recruit two new board members both to build upon existing progress and further develop the trust. Whilst one of the non-executive directors will have general business skills, the other will possess financial acumen in order to chair the finance sub-committee. Board meetings are held at The Priory City of Lincoln Academy, close to Lincoln city centre.

About the trust

The trust has approximately 7,000 pupils and around 1,000 employees across nine academies in Lincolnshire, and one in Leicestershire. The trust attributes its growth and development to a consistent, collaborative approach throughout its academies.

The Priory Federation of Academies Trust was formed in 2008; the Local Authority and the Department for Education invited the trust to unite three academies. In 2010, the trust was expanded further by adding two secondary schools in Grantham. In 2012, the trust opened a sixth-form boarding house on the campus of one of its existing academies. In 2015, the trust opened the Keyworth Centre, which is the focal point for the training programme that incorporates apprenticeship training, post-16 vocational programmes, a Teaching School and SCITT (School-Centred Initial Teacher Training). In 2017-18, the trust experienced further growth with the addition of five schools.

At present, the trust consists of 10 academies, comprising five secondary academies, four primary academies and one all-through academy, which caters for students from the age of two to 18. A primary academy and a special needs academy are set to join the trust in the near future. The growth experienced since 2008 is set to continue as the trust anticipates expansion to approximately 15 academies over the next three years.

Role summary

Number of positions advertised:

2

Trustees – or non-executive directors - are both charity trustees and company directors of the academy trust; the role is to hold to account the executive and senior leadership team. The board of trustees manages the business of the academy trust and may exercise all the powers of the trust, either through its Articles of Association or Scheme of Delegated Authority. The trustees ensure compliance with the trust’s charitable objects and with company and charity law.

 

Non-executive directors will be responsible for maintaining stability and the management of a dynamic structure. The role also includes contributing to financial planning for sustainability and potential growth, and holding the CEO/CFO to account.

Role 1 – Trustee/Non-Executive Director

Person specification

The competencies required for this role include:

Essential

  • CEO/General Management
  • Growth Management

Desirable

  • Real estate/ Property
  • Risk
  • IT/ Technology
  • Non-executive director/Trustee

 

Experience at non-executive director level is required in order to oversee strategic vision, educational performance, governance and compliance. Adherence to the Nolan Principles of Public Life is essential.

Time commitment

The trust board meets four times per year and meetings are held on Monday evenings at 17:00 and run for up to two hours. It is likely that the successful candidate will be invited to join a sub-committee. Sub-committees meet four to five times per year, although days may vary according the sub-committee membership. Trustees will be expected to commit to some routine training and overall may be required to commit to an average of around four to five hours per month, including preparation and follow-up for meetings. 

Role 2 – Trustee/Non-Executive Director (to chair the Finance Sub-committee)

Person specification

The competencies required for this role include:

Essential

  • Chair
  • CFO/ Finance
  • Growth Management

Desirable

  • Change Management
  • CEO/ General Management
  • Corporate Governance

The role will involve providing support to the board and chair in setting the strategic direction of the trust, bringing experience and influence to the trust and chairing [finance] sub-committee meetings effectively.

This individual must have sufficient skills and experience to guide the board and its constituent academies on overall [finance] operations, policies and programmes.

The trust seeks a qualified accountant capable of offering scrutiny and challenge to the Chief Finance Officer and the rest of the executive leadership team. The trustees on the Finance Committee have oversight of the trust's accounting processes and major spending decisions. The appointee will possess demonstrable experience of financial management. Adherence to the Nolan Principles of Public Life is essential.

Time commitment

The trust board meets four times per year and meetings are held on Monday evenings at 17:00 and run for up to two hours. The successful candidate will be asked to chair the finance sub-committee which meets additionally four to five times per year. As the new chair, you will be able to work with your committee to determine a suitable time slot for meetings. All trustees will be expected to commit to some routine training and overall may be required to commit to an average of around four to five hours per month, including preparation and follow-up for meetings. 

Location of board meetings and trust website

Board meetings are held at The Priory City of Lincoln Academy, Skellingthorpe Road, Lincoln, LN6 0EP.