APPOINTMENT OF DEPUTY CFO APPOINTMENT …...Data within your CV (although this can be included in...

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APPOINTMENT OF DEPUTY CFO APPOINTMENT BRIEF APRIL 2020

Transcript of APPOINTMENT OF DEPUTY CFO APPOINTMENT …...Data within your CV (although this can be included in...

Page 1: APPOINTMENT OF DEPUTY CFO APPOINTMENT …...Data within your CV (although this can be included in your covering letter if you wish to do so), remembering also not to include contact

APPOINTMENT OF DEPUTY CFO APPOINTMENT BRIEF APRIL 2020

Page 2: APPOINTMENT OF DEPUTY CFO APPOINTMENT …...Data within your CV (although this can be included in your covering letter if you wish to do so), remembering also not to include contact

AN INTRODUCTION Newable’s purpose is to help companies working at the heart of the UK economy to thrive. We achieve this by delivering financial support, advisory services and premises for business use. Newable has nearly forty years’ experience helping to generate inclusive economic growth by helping Britain’s businessmen and women start, sustain and scale their businesses. Newable’s strategy is to continue to evolve and develop a unique platform of products and services for businesses across Money, Advice and Workspace that is quite unmatched in the UK.

PRODUCTS AND SERVICES Newable helps companies to thrive by providing the essential resources they need to take the next step with their business. We operate a flexible business model. Most of our products and services are wholly owned by us, and we also work in partnership with other leading companies. Finally, we also deliver products and services on behalf of others; for example, we are a leading delivery partner of the Department for International Trade, providing exporting advice to UK businesses. Our products and services centre around:

Money Whether that is patient capital to get help get ideas to scale. Or financing to help with the peaks and troughs of trading, to hire new staff and operationalise growth plans.

Advice No one can do everything on their own. Many need external support to get trading overseas or develop new management capability.

Workspace Flexible workspaces and commercial developments to call home and from which to grow. Our website and Products & Services brochure provides further information.

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MONEY Money is the lifeblood of British business.

Newable Business Finance provides secured and unsecured loans between £26,000 and £150,000, while Newable Commercial Finance delivers brokered finance solutions, with a particular focus on Property Finance. In addition, Newable’s recent acquisition, Synergy, provides vehicle leasing brokerage services.

Newable Private Investing is focussed on EIS patient equity capital and Angel investing in early stage technology focused businesses.

Newable Capital enables investment for SME succession through Funding for Buys Outs.

For more information, see our Money page.

ADVICE British businesses need guidance and advice.

Newable delivers export advice in London and the South East for the Department for International Trade, and expert help setting up in the US via America Made Easy, a JV with Avitus.

We work with Innovate UK, the government’s innovation agency to help companies commercialise business ideas and our Social Impact programmes recognise business is a vital part of wider society.

For more information, see our Advice page.

WORKSPACE Different types of businesses need different types of space to call home. That’s why we offer flexible office space and long-term commercial space.

Newflex, incorporating Citibase (founded in 1993 and part of the Newable family since late 2018), EasyHub, Serendipity Labs, Bold and Officio manages 40+ business centres nationwide, and its Property Management offering enables clients to monetise underused property. Its unique model provides SME customers with access to office space on flexible terms.

And Newable has three light industrial parks in development – transforming neglected brownfield land into economically productive sites.

For more information, see our Workspace page.

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STRUCTURE AND VALUES A company limited by guarantee, Newable is non-profit distributing and so reinvests all profits and resources back into its business. As a values-driven business, our values were defined as a result of a company-wide engagement process. The five values are: Dream Big, Get Going, Grow Together, Always Improve, Pass it On. Together the values help foster a culture that generates business confidence.

Newable has a Board of Directors, Executive Directors and an Executive Committee of business Leaders. The Chair of the Board is Guy Nicholson. Executive Directors are Chris Manson, CEO; Mike Walsh, CFO; Monica Whitfield, CPO and Mashudul Karim, CIO.

Newable supports a workplace culture where our people can grow and contribute to the achievement of Newable’s objectives and where work is stimulating and rewarding in a diverse, inclusive, creative and innovative environment.

SIZE AND SCALE Founded in 1982, Newable’s net assets are around £62m. EBITDA is circa £5m and we have c 480 staff across the Group.

Newable has:

• issued £20m of Responsible Finance loans through Newable Business Finance; • delivered over150 events developing business building capabilities; • 37 NewFlex Business Centres providing affordable flexible offices, from Aberdeen to Brighton; • supported 757 companies in delivering plans for innovation; • facilitated 50 early stage equity investments raising £65m; • provided a networking platform for over 22,000 companies annually; • assisted nearly 2,200 companies to start exporting for the first time; and • assisted 9,000 companies to increase their exports by c£2.5 billion.

Our mission is to grow three times in five years (3X5Y), meaning we will be able to engage with even more SMEs, providing support to help them grow and transform. What we do, supporting SMEs by providing money, advice and workspace, is as important to us as how we do it. To see our impact report, click here. For a further overview, read our little book of Newable here.

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THE ROLE – DEPUTY CFO PURPOSE OF POST Newable is an organisation going through a period of exciting, ambitious and rapid transformation and growth, aiming to triple in size over a five year period. The finance function has a crucial and demanding role to play in facilitating this growth, from bedding in its recent and varied acquisitions to planning an IPO process which will likely happen next year. The Deputy CFO role is a varied, challenging and wide-reaching one, and candidates will need to match the organisation’s ambitions. An eventual potential successor to the current CFO, Mike Walsh, this person will be empowered to own and lead the finance platform, leading a high-quality finance team and supporting M&A activity, acquisition integrations and the IPO. Candidates will be strong financial and commercial leaders with compelling experience of leading through change, ideally at group level.

KEY ACCOUNTABILITIES The main objectives of the role are as follows:

• Own Newable’s financial platform, developing and leading financial strategy • Integrate new acquisitions into the group • Ensure that timely, accurate and informative financial and non-financial information and reports

are produced; develop best practice in this area and uphold and support Newable’s strong governance standards including playing a leading role in the production of Group Board and Committee papers.

• Interpret financial and non-financial information for the Board to inform Newable’s strategies and business decisions

• Develop budgets, forecasts and strategic plans • Manage cash, treasury and tax matters

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• Ensure that appropriate financial controls are maintained and that Newable’s assets are protected • Liaise with the auditors and the audit committee • Lead and develop a team of c.8 people with dotted line responsibility for a further c.25 people in

Newable’s satellite companies • Support the CFO on key strategic financial issues, including the delivery of the IPO and M&A

activity, including financial due diligence, execution and negotiation, and potentially target identification

• If appropriate, take over the compliance and risk functions from the CFO • Prepare / own the Group Board and Committee papers process

PERSON SPECIFICATION BACKGROUND AND EXPERIENCE Candidates will be:

• qualified accountants (chartered, management or certified) with at least ten years’ post qualification experience; and

• at the level of deputy CFO, director of finance, group financial controller, divisional finance director or equivalent.

They will bring:

• a demonstrably successful track record, including evidence of progression and impact within organisations;

• the profile of a go-to financial leader, capable of being an eventual potential successor to the CFO, • strong people management experience, with excellent communication skills and a proven

capability to lead through change and growth; • experience of working in a highly commercial P&L-driven environment; • multi-sector experience – whether at a large or smaller stage – ideally at group level, in order to

understand group drivers and working with business units in a dynamic and constantly changing environment;

• experience of working within an organisation with strong principles of governance; • ideally some experience in M&A; and • ideally system/process enhancement experience.

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SKILLS AND PERSONAL QUALITIES The role calls for the following:

• highly commercial outlook • ability to drive change • ability to communicate persuasively at Board level • negotiating skills • a blend of technical and detail competence on the one hand with strategic skills on the other • leadership skills to get the best out of the whole team

Essential personal qualities include:

• dynamism • self-confidence • team player • high degree of emotional intelligence • personal maturity • intellectual curiosity • ability to develop effective relationships at all levels • strong oral and written communication skills

TERMS OF APPOINTMENT The role will be based in London. It is likely that homeworking will become a more significant component of the working week post the Coronavirus crisis.

Salary will reflect the seniority of the role and will depend on skills and experience.

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HOW TO APPLY Saxton Bampfylde Ltd is acting as an employment agency advisor to Newable on this appointment. Candidates should apply for this role through our website at www.saxbam.com/appointments, using code FAKADA. Click on the ‘apply’ button and follow the instructions to upload a CV and cover letter. The closing date for applications is noon on Wednesday 13 May 2020. GDPR personal data notice According to GDPR guidelines, we are only able to process your Sensitive Personal Data (racial or ethnic origin, political opinions, religious or philosophical beliefs, trade union membership, genetic data, biometric data, health, sex life, or sexual orientation) with your express consent. You will be asked to complete a consent form when you apply and please do not include any Sensitive Personal Data within your CV (although this can be included in your covering letter if you wish to do so), remembering also not to include contact details for referees without their prior agreement. The equal opportunities monitoring online form will not be shared with anyone involved in assessing your application. Please complete as part of the application process.

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