Independent Board Member

1 month ago

London, United Kingdom HM Treasury Full time

Job summary

HM Treasury invites applications for an independent member to join the Financial Reporting Advisory Board (FRAB). is an independent statutory body that makes key decisions and provides advice to HM Treasury and Parliament on the direction of financial reporting policy in the public sector.

Commitment

The expected time commitment of the role is to attend 3 regular meetings per year (in March, June and November and usually the third Thursday of each month) plus any additional occasional meetings as needed. Members are also expected to contribute to occasional out of meeting communications on an ad hoc basis throughout the year.

Job description

Each FRAB member is expected to contribute to the overall success and effective and efficient operation of the FRAB in the following ways:

Draw on your knowledge, skill set and expertise, to play a full part in the Board�s deliberations on issues of financial reporting practice and principle, and in the process formulate advice to the Relevant Authorities on financial reporting in the public sectorBy regular attendance at Board meetings (typically 3 meetings per year) and work together with other members to ensure the consistency of Board performanceContribute to discussion during meetings and out of meeting discussions and papersBe objective when considering accounting issues and points of accounting principleSupport the delivery of the strategic priorities of the Board and contribute to developing and deciding long-term strategies using skills, experience and judgementEnsure that for issues under debate by the Board, express opinions clearly, supported by reasoned analysisAdhere to the Board membership Code of Conduct and declare any personal conflicts of interest related to issues considered by the Board, or subject to the provision of its advice.

Person specification

It is essential in your supporting statement and at interview that you provide evidence and proven examples against each of the selection criteria of how you meet the requirements of the post. The criteria will be used to assess whether candidates have the required qualities, skills and experience listed below.

We would like you to demonstrate the following essential criteria:

Evidence of relevant accounting or other public financial management and reporting experience at a senior executive level.Evidence of providing effective leadership in an advisory or senior management role, and the ability to participate in the formation of policies and strategies within a large organisation.Ability to challenge constructively and influence decision making within a board setting, andEvidence that you are a qualified accountant (CCAB or equivalent), with evidence of strong International Financial Reporting Standards knowledge and application.

Desirable:

An understanding of the UK public spending and reporting environment and the role of the Board.�

Personal qualities:

Committed and goal focused with the ability to set clear priorities and to contribute meaningfully to Board discussions, andExcellent interpersonal skills that generate trust and confidence in others.

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