United Kingdom Accounting Standards Endorsement Board (UKEB), Chair

Body: Department for Business, Energy and Industrial Strategy
Appointing Department: Department of Business, Energy and Industrial Strategy
Sector: Business, Finance & Skills
Location: Virtual for the foreseeable future
Skills required: Accountancy
Number of Vacancies: 1
Remuneration: £76,000 - £80,000 per annum
Time Requirements: 2 days per week

Campaign Timeline

  • Competition Launched

    15/12/2021

  • Closed for Applications

    23/01/2022

  • Panel Sift

    11/02/2022

  • Final Interview Date

    11/03/2022

  • Announcement

    TBC

 

Assessment Panel

Vacancy Description

The United Kingdom Accounting Standards Endorsement Board (UKEB) influences, endorses and adopts new or amended international accounting standards issued by the International Accounting Standards Board (IASB) for use by UK companies.

In May, the UKEB was delegated the powers to influence, endorse and adopt new or amended international accounting standards issued by the International Accounting Standards Board (IASB) for use by UK companies. It is accountable to the Secretary of State on technical matters and to the FRC Board on its adherence to governance and due process procedures. Reports on both will be made annually to Parliament. The UKEB consults publicly with stakeholders that have an interest in financial reporting in the UK so that it can develop and represent evidence-based UK views with the aim of acting as the UK voice on IFRS financial reporting.

Further information about the UKEB can be found here: https://www.endorsement-board.uk/

Person Specification

The Chair is responsible for determining and implementing the UKEB’s strategy and work agenda. The position of Chairperson is responsible for all executive responsibilities of the management of the Secretariat.

The UKEB Chairperson will not be a member of the FRC Board.

Key accountabilities are: 

  • Maintaining the independence of the UKEB, both from within the FRC and from external stakeholders.
  • Acting as the lead contact for the relationship with the Secretary of State for BEIS and the CEO of the FRC.
  • Leading the UKEB in determining its strategic direction and work agenda.
  • Leading the UKEB by facilitating a thorough debate, with all members contributing to the debate and ensuring the UKEB remains independent in its decision-making.
  • Ensuring that due process is followed, with wide-ranging consultation to obtain appropriate information to make objective, informed decisions.
  • Ensuring the UKEB is run effectively and with the resources to enable that.
  • Establishing and maintaining the profile and reputation of the UKEB by representing the UKEB at technical fora and other events and establishing and maintaining key high-level relationships; Encouraging members and staff to do likewise.
  • Promoting the UK’s views on financial reporting.
  • Working with the FRC Board and being accountable to it for the UKEB’s governance and due process.
  • Working with the Secretary of State for BEIS and being accountable to them for the UKEB’s technical decisions.
  • Directing and managing the organisation’s activities and ensuring they are transparent and operate in the public interest. This will include chairing Board meetings in public, with expert observers and members of the public present.
  • Setting the culture of the organisation that follows the guiding principles of transparency, accountability, independence and thought leadership.

Essential Criteria

  • A credible contribution in areas relevant to financial reporting accounting and the operation of financial markets.
  • An effective leader able to represent the UK’s views with credibility and integrity.
  • The ability to develop an effective Board and provide leadership through periods of significant change.
  • Proven track record of influencing and communication skills, including the ability to encourage debate and challenge, and resolve conflict in a constructive manner.
  • Strong analytical skills and the ability to clearly articulate the rationale for decisions to a wide range of stakeholders.

How to Apply

The closing date for applications is 11pm on 23 January 2022. Late or incomplete applications will not be accepted.

To apply, please:

  • Complete the online application form by clicking here.
  • Submit your cover letter and CV to publicappointments@beis.gov.uk with ‘URN328 UKEB Chair application’ in the subject heading.

You should submit one document combining a two-page statement of suitability and two-page CV (no more than four sides of A4 in total). You should save the document as ‘Surname, Initial – URN328 UKEB’.

Attachments
BEIS-Public-Appointments-Privacy-Notice-1
UKEB Chair - Candidate Pack - December 2021

This post is NOT regulated by The Commissioner for Public Appointments.

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