The University of Portsmouth — Governor (Audit / Finance)

This is a time of significant change for higher education and the University of Portsmouth is seeking a new Governor to join its Board. The new Governor will bring scrutiny, advice and act as a critical friend to the Board of Governors and Executive team on various auditing and financial matters. They will have leadership experience at an accounting firm, or in senior positions within a finance / audit function. (Deadline: 1 January)

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About

The University of Portsmouth is proud to be bold, not old. A top three modern university for research power, it has embraced change to create a new breed of university, where collaboration and partnership underpin the way in which it works. It is based in the centre of Portsmouth, a bustling and diverse city with a strong maritime tradition and an equally strong sense of place and community. In 1992, after a decade as one of the largest and best performing polytechnics in the UK, it out-grew its old name and received university status. With 4,000 staff and 28,000 students including 5,700 international students from around 150 countries, the University has a vibrant community. The University's international profile, presence and reputation is growing all the time and has a network of regional offices in 78 countries, and academic partnerships across Europe, America, Asia, the Middle East and Australia. The University comprises five faculties, each with their own schools and departments: the Faculty of Business and Law, the Faculty of Creative and Cultural Industries, the Faculty of Humanities and Social Sciences, the Faculty of Science and Health and the Faculty of Technology.

Across the last decade and a half, the University has been investing in all areas, improving its campus and services along the way. It has invested £400m in its estate masterplan and recently completed its new £57m Ravelin Sports Centre, which has been awarded an ‘Outstanding’ rating from BREEAM UK, the world’s leading sustainability assessment for buildings. In 2017, it opened a new £12m Future Technology Centre (FTC) and in 2014 a new wing of the Eldon Building officially opened after a £14m investment, bringing new facilities for the creative arts – including a 200-seat cinema-quality screening room and creative studios. The 2022 National Student Survey of final year undergraduates put it in the top 40 for students’ satisfaction with their university experience. It also offers bursaries and hardship funds for students who need financial support to get the best from their university experience and offered £4.3m in student financial support in 2021 / 2022.

The University of Portsmouth is one of only four universities in the South East of England to have achieved a Gold rating in the Teaching Excellence Framework. As part of its many accolades, the University has been ranked a top 3 university in the UK for research power, which measures the quality and quantity of research submitted into the exercise. QS World University Rankings gave the University 5 stars for teaching, employability, internationalisation, facilities, arts and culture, and inclusiveness. In addition, the Times Higher Education Young University Rankings recognised it as one of the UK’s best universities established during the last 50 years.

One of the University's strategic priorities is to become one of the UK's leading universities in environmental sustainability and it's aiming to become a climate-positive university by 2030. With many projects such as Revolution Plastics and the Centre for Enzyme Innovation as well as the Centre for Blue Governance, the University is leading the path in terms of research in environmental sustainability. As it looks forward, the University of Portsmouth's ambition is to grow its profile as a truly global institution with a diverse international community, and a track record of worldwide collaboration in research, teaching and innovation. It's an incredibly exciting time for the University, as it works towards its strategic aim to be the top modern university in the UK and one of the top 100 young universities in the world by 2030.


Role specification

Structure and Organisation of the University

University Governance:

The Chair of the Board of Governors is David Willan. The Board of Governors has up to 21 members and meets at least five times each year. In addition there is a strategy day once a year and this meeting follows an informal structure.

The Board of Governors has established the following committees:

  • Audit Committee
  • Infrastructure and Finance Committee
  • People, Culture and Engagement Committee
  • Nominations Committee
  • Remuneration Committees

Responsibilities:

  • The Board of Governors is responsible for setting the educational character, mission and strategic vision of the University. Governors work with the Vice Chancellor and Executive to ensure the University’s success in a rapidly changing and competitive higher education environment.
  • The Board monitors performance against core objectives and oversees the effective and efficient use of resources by providing appropriate support, guidance and constructive challenge to the Vice Chancellor and the Executive.
  • Governors are expected to represent and promote the University externally with key stakeholders. The role is voluntary and unpaid, but Governors can reclaim travel and subsistence at University rates.

Person specification

This is a time of significant change for higher education and the University of Portsmouth is seeking a new Governor to join its Board at this exciting time. The new Governor will bring scrutiny, advice and act as a critical friend to the Board of Governors and Executive team on various auditing and financial matters. 

Due to rotation on the Board and end of tenure, the University of Portsmouth is looking for a new Governor with senior experience in auditing. Candidates may have gained this through leadership experience at an accounting firm, or in senior positions within a finance / audit function. They will have an in-depth understanding of how adequate financial controls are put in place, and bring prior exposure either to internal audit or the selection and assessment of external auditors. Individuals will have operated in organisations of similar sizes (or larger) and complexity. An audit qualification and / or an accountancy qualification is desirable, not essential. They will bring excellent interpersonal and communication skills. This is a great opportunity for a high achieving and committed individual who would like to take on a first Board position. 

Above all, Governors are expected to have a strong personal commitment to education and the aims and objectives of the University. They will be aligned to the values of the University: to be ambitious, open and responsible. 

Diversity:The University of Portsmouth is focused on building an inclusive culture: different voices, one community that makes a positive difference to the lives and experiences of its students and staff. As an equal opportunities employer, the University of Portsmouth welcomes applications from all suitably qualified persons and all appointments will be made on merit. The University would particularly welcome applications from women and those from under-represented minority groups to ensure the Board reflects its community.


Board composition

To find out more about the Board of Governors, please see here


Terms of appointment

There are five Board meetings per year and it is expected that Governors will become a member of at least one Committee which typically have two to six Sub-Committee meetings (depending on the Committee you join) per year. The Audit Committee has four meetings per year. There will be one to two annual strategy days along with ad hoc engagement and events. All new Governors are offered the option of a three or four year term of office when they join the Board and Governors can serve for two terms to the maximum total length of service of eight years. There is an expectation that a Governor would serve at least one term of office. The Board meetings will be held in person. The Audit Committee, Infrastructure and Finance Committee and the People Culture and Engagement Committee are all in person meetings, although occasionally Governors can dial into these meetings virtually. The Nominations and the Remuneration Committees meetings are held virtually. Membership of the Governing Body is not remunerated, but Governors can reclaim travel and subsistence at University rates if they wish.

Location: The University is open to where individuals are based as long as they are in the UK and can come to meetings in person. 


Location

The University is open to where individuals are based as long as they are in the UK and can come to meetings in person.


The deadline for consideration is 1 January 2024.

If you would like to register your initial interest in this role, please fill in the form below.

Please note that registering your interest via this microsite does not constitute a formal application for the role. If it would be worth submitting an application, a member of the Nurole team will be directly in touch ahead of the deadline to let you know and invite you to apply through the Nurole platform.