Chair of Investment Committee

Trustee
Application deadline: 
Friday, 9 August, 2019 - 17:00
Organisation: 
Millfield House Foundation

The Millfield House Foundation (MHF) is seeking to recruit a new trustee to replace our retiring Chair of the Investment Committee. The successful candidate will join the Trustee Board as soon as possible. All trustees are volunteers.

MHF is an endowed grant-making body. It funds only in the North East of England and focuses exclusively on policy work to address poverty and inequality.  Its origins lie in Quaker family tradition. Although it is no longer a Quaker trust it retains the values of its founding family.

The trustees meet three times a year and their Investment Committee twice a year. Trustees are not generally expected to attend other events between meetings, but some do. There are also opportunities to meet with our grant-holders.

The Investment Committee is a sub-committee of the Trustee Board, consisting of at least four trustees.

Overview of the role

The Chair of the Investment Committee is an appointed officer of the Board of Trustees. Our current Chair of the Investment Committee, David Handyside, is standing down and so we are seeking to co-opt someone to join the Board in 2019.

Trustees are individually and collectively responsible for ensuring we fulfil our charitable purposes for public benefit, deliver our strategy and that we are solvent, well run and meeting our legal and regulatory requirements.

The Chair of our Investment Committee provides expertise to fellow trustees around the finance and endowment assets of the Foundation. The Investment Committee oversees the performance of, and receives reports from, our investment managers – currently Rathbone Greenbank.

The person we are looking for

The following skills, knowledge and experience will be essential:

  • An accountancy or financial planning qualification
  • Strong communication skills with the ability to translate investment information and financial data, making it comprehensible to a lay audience
  • Understanding of investments and their professional management
  • Senior experience working in a financial environment e.g. accountancy, wealth management, investments, pensions etc.
  • Experience of chairing committees effectively
  • Good, independent judgement and ability to constructively challenge professional advisors.
  • Ability to work in a non-executive capacity supporting senior executive staff
  • Commitment to the aims and values of Millfield House Foundation

Expressions of interest

In the first instance, we are inviting expressions of interest by email to Cullagh Warnock, Trust Manager (cullagh@mhfdn.org.uk), or by letter to her at Millfield House Foundation, 7 Lesbury Road, Heaton, Newcastle upon Tyne NE6 5LB.

You should briefly explain why you are interested in the role, and how your skills, knowledge and experience meet our requirements. It would be helpful to include an outline of your current paid and voluntary interests, and any significant previous roles.

Please send your expression of interest by 9th August 2019. Shortlisted candidates will then be invited to meet with trustees in early September, after which an appointment will be made.

Further information

More information about the Foundation is on our website www.mhfdn.org.uk If you would like to know more about the Foundation’s work, please email the Trust Manager (see details above) to arrange an informal chat. She can also put you in touch with our current Investment Committee Chair for a more detailed discussion about the role.