Role Profile
Role title:
Chair of the Investment Committee
Responsible to:
Chair of the Board
Overview
Purpose of Role
Serve as a member of the Board and act as chair of Investment Committee. Providing leadership to the Committee by working with all Members to fulfil the Committee’s delegated responsibilities as defined in the Terms of Reference and Standing Orders.
Ensure the Committee provides oversight and assurance to Board on development, sales and asset management strategies, approval of annual planned maintenance plans in line with the approved capital budget.
Maintain an effective committee through good governance and strategic planning, enabling scrutiny and oversight over the business, so that Board gains the required level of assurance to fulfil their duties and responsibilities.
Accountability
Providing confident leadership for the business on all areas defined within the Terms of Reference, engaging with the Board and Leadership to create an open and effective governance environment for Community Housing.
Maintain dialogue, outside of formal meetings, with a range of colleagues including Chair, Vice-Chair, Board Members, Committee Chairs, Chief Executive, the Executive Team, Leadership Team, the Company Secretary and the Governance Team.
Report concerns to the Board and ensure external agencies are informed when appropriate.
Main Duties and Responsibilities [additional to Board Membership]
These essential functions of the Chair of Investment Committee are in addition to the functions of all Board members:
- Leading the Committee, ensuring it has a clear strategic direction, vision and is effective and efficient in all aspects of its role.
- Direct and uphold Community Housing’s mission and values, acting within and in accordance with the governing documents across the organisation.
- Ensure that Community Housing complies with statutory and regulatory requirements including the Regulatory Frameworks within which Community Housing operates.
- Ensure that Community Housing complies with the adopted Code of Governance, Code of Conduct, Standing Orders, Financial Regulations, Scheme of Delegation and any organisational policies.
- Ensure compliance with the Terms of Reference of the Committee and any delegated authority approved by the Board.
- Consider the Committee’s effectiveness annually and agree activities for continuous improvement.
- Ensure that all Members are given the opportunity to express views and to allow sufficient time at meetings to discuss agenda items to the required depth within the allocated time.
- Facilitate the effective administration of the Committee, working with Officers to set the agenda, approve the minutes, track actions, prepare papers and review the meeting.
- Ensuring effective communication between the Committee and the Board, including regular Chairs reports to the Board and alerting the Chair and Chief Executive to matters of significance as they arise between formal meetings.
- Provide an appropriate level of oversight, scrutiny and challenge to the performance of the business and the Executive Leadership Team as it seeks to deliver its Corporate Plan.
Person Specification
Chair of the Investment Committee
SELECTION CRITERIA
E = ESSENTIAL or D = DESIRABLE for applicants to meet relevant standard
Applicants will be asked to demonstrate how they meet the criteria which will be assessed through their CV, cover letter and interview.
| Criteria | Essential | Desirable |
|---|---|---|
| Leadership | ||
| Commitment to the purpose of Community Housing and of the social housing sector | ✓ | |
| Demonstrable understanding of Community Housing’s values, including equality and diversity, openness, honesty and accountability | ✓ | |
| Ability to work with and lead a team. | ✓ | |
| Strong understanding of governance and regulated sectors | ✓ | |
| Effective and experienced at chairing and managing meetings to achieve clear outcomes. | ✓ | |
| Ability to exercise independent judgement and provide appropriate challenge and support to senior staff | ✓ | |
| High level of integrity and awareness of personal impact on others | ✓ | |
| Personal resilience and the ability to help others through challenges and setbacks | ✓ | |
| Skills and Knowledge | ||
| Evidence of strong business acumen and strategic vision | ✓ | |
| Aware of and keeps up to date with internal and external operating environment, within the social housing sector and of wider economic, social and political policy. | ✓ | |
| Flexible mind-set, willing to adapt to plans in response to changes affecting the business. | ✓ | |
| Focused on results and quality outcomes for the organisation and its customers. | ✓ | |
| Ability to assimilate and interpret complex information, including internal and external audit reports | ✓ | |
| Understanding of strategic asset management and development within the social housing sector | ✓ | |
| Financially literate with the ability to accurately and critically interpret and analyse financial business plans, accounts, budgetary information and business cases. | ✓ | |
| Skilled in risk management with the ability to identify and critically assess risks to strategic objectives and identify suitable mitigation actions. | ✓ | |
| Business sector knowledge of Wyre Forest or Worcestershire | ✓ | |
| Communication and Interpersonal Skills | ||
| Accomplished people and communication skills to facilitate engagement with a range of audiences on complex subject matters | ✓ | |
| Inclusive approach with the ability to bring out the best in others. | ✓ | |
| Experience of being an ambassador for an organisation and evidence of effective public speaking | ✓ | |
| Experience | ||
| Previous Non-Executive Board position or Executive experience in the social housing sector | ✓ | |
| A track record in providing effective leadership and management in an organisation of a similar size Community Housing | ✓ | |
| Understanding of and commitment to tenant involvement | ✓ | |
| Previous experience of chairing an investment or Development Committee | ✓ | |
| Previous executive experience in Assets, Property or Development disciplines | ✓ | |