Position Description
The Policy & Finance Chair is required to:
- Provide leadership of the Policy & Finance Committee
- Chair Policy & Finance meetings and report to Council members at the Council and Annual General Meetings
- Provide oversight of financial planning, reporting, internal controls to ensure ongoing financial health of the FRC
- Ensure maintenance of accurate and complete financial records, including the review of financial statements, monitoring of cash flow, safeguarding of assets and maintenance of financial stability
- Ensure annual budgets align with FRC goals, and that budget performance is measured. Recommend adjustments where required.
- Oversee the creation and enforcement of internal controls, policies – financial and operational, risk management and compliance with legal obligations including staff policies and employment law
- Responsible for authorisation in excess of limits determined in the Financial Policy & Procedures Manual on a monthly and ad hoc basis. These authorisations may relate to invoices, credit card expenses, payroll etc. (this list is not exhaustive)
- Interpret the financial implications of strategic plans, including insurance coverage, employee compensation, incentive plans and longer-term financial goals such as reserve funds
- Responsible for training a successor, reviewing the committee chair’s role and responsibilities description to ensure continuity and effective governance
- Oversee recruitment and appointment of staff including review of salary scales, pensions and rewards
- Chair appeal hearings in relation to staff disciplinary or grievance cases in accordance with the FRC’s policies and procedures and ensuring impartiality and fairness at all times
The Policy & Finance Chair will work with Registrar/senior staff to:
- Ensure the FRC continues to deliver confidently, consistently and to a high standard
- Maintain a productive and supportive working environment
- Be an ambassador for the FRC
