Finance Director
Role Title: Finance Director
Role Type: Non-Executive Director
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Term of Office: 2 Years
Company: Committees: Scottish Association of Local Sports Councils Board of Directors (SALSC) Admin Sub Group Tenure: 2 years
Max Tenure: 6 Years
ROLE PURPOSE
To oversee all financial aspects of company strategy and is responsible for the flow of financial information to the Board and, where necessary, external parties such as investors or financial institutions. To ensure that the Board fulfils its governance and leadership responsibilities and to assist staff to achieve overall strategic and company objectives.
ORGANISATIONAL STRUCTURE The Finance Director is an Officer of the Board and a Executive Director, elected in accordance with the Articles of Association and with direct responsibility for all finances of the Scottish Association of Local Sports Councils.
KEY RESPONSIBILITIES
Overall control of the company's accounting function Financial planning and related ongoing advice for staff and the board Formulating financial targets and budgets in accordance with the strategy determined by the board Overall control of all financial transactions and accountancy matters, including audit systems Managing company policies regarding capital requirements, debt & taxation Equity and acquisitions, as appropriate Preparing up to date account reports for each Admin Sub Group and Board Meeting, plus prepare annual accounts and present these at the Annual General Meeting Ensuring that the regulatory requirements of all statutory bodies are met regarding all the company's financial affairs Forging partnerships with relevant agencies – including the Accountancy firm appointed to prepare the annual accounts Supporting the governance of SALSC to ensure it is efficient, effective and fit-for-purpose Constructively challenge and help develop proposals on strategy Scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting of performance Ensure the integrity of financial information and that financial controls and systems of risk management are robust and defensible SALSC is supported by
Finance Director
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Continually seek to establish and maintain confidence in the conduct of SALSC Continually seek to develop and refresh financial knowledge and skills to ensure that their contribution to the Board remains informed and relevant Understand the views of the membership directly and through fellow directors and staff Completing any additional projects as requested by the Chair
AUTHORITIES AND LIMITATIONS
As outlined fully in the SALSC Directors Duties, Code of Conduct for Directors and Working Group Members and other policies and procedures approved by the SALSC Board of Directors and published on the company’s website.
TERM OF OFFICE All directors, excluding the Chair, are elected for 2 year terms. At the end of each term they must be re-elected to the Board, albeit with the possibility to stand for a different role. Directors may only serve a maximum of 3 consecutive terms (6 years) on the Board regardless of how many different roles they have held during this time. Only if a director is elected as Chair may they serve longer than 6 consecutive years on the Board.
REGULAR ANNUAL COMMITMENTS 4-6 evening meetings of the Board of Directors 4-6 evening meetings of the Admin Sub Group 1 weekend for the SALSC National Seminar & AGM
EXPENSES The position of Director of Finance, as with all other Non-Executive Directors, is unpaid. All reasonable out-of-pocket expense incurred on SALSC business will be reimbursed accoding to SALSC’s policies and procedures.
MAIN ROLE REQUIREMENTS Knowledge & Experience:
Experience of governance at either Board or executive level Experience of, or empathy with companies working in the Voluntary Sector Corporate and political networking and relationship building
Skills:
Ability to participate in the governance of the company and the Board of Directors Ability to provide direction, leadership and a strategic vision in a way that inspires confidence and commitment from others Ability to negotiate, influence and convince through personal credibility An understanding and acceptance of the legal duties, responsibilities and to respect confidences SALSC is supported by
Finance Director
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A relevant accounting qualification Working knowledge of financial systems for recording and reporting Working knowledge of SAGE Accounting Package Qualified member of an accountancy body or holder of an equivalent qualification A minimum of five years' experience in finance, with at least two years in senior management
Personal Qualities:
Uphold the highest standards of integrity and probity Support other Directors in their leadership of SALSC while monitoring their own conduct Question intelligently, debate constructively, challenge rigorously and decide dispassionately Listen sensitively to the views of others Promote the highest standards of corporate governance and seek compliance wherever possible
SALSC is supported by