Member - Finance and Audit Committee

Do you want to be an important part of the Energy Institute, an organisation that works with the energy industry to meet society’s energy needs and tackle climate change? Become an EI volunteer and help create a better energy future.

We are seeking volunteers to join as a member of our Finance & Audit Committee. Our committees provide critical expertise, guidance, and governance in supporting delivery of the EI’s purpose and strategy. Volunteering can help you demonstrate personal commitment to your field of work, as well as further your professional development. We welcome interest from members working in finance in the energy sector and are seeking stronger representation across gender, geography and career stage.

The Council of the Energy Institute has delegated to the Finance and Audit Committee responsibility for regulating and monitoring all financial issues in the management and reporting of the Institute's activities and governance, effecting both internal and external accountability.

The committee meets four times a year around March, May, September, and November

Finance & Audit Committee Remit

Approve and monitor financial business policy, delegations of authority, investments, banking, and treasury
Monitor operational and capital budgets and forecasts, making recommendations for Council approval
Establish procedures to monitor actual performance against budgets and forecasts
Approve management accounts for presentation to Council
Responsible for the selection of specialist advisers, including external auditors, taxation, pensions, investment/fund managers.
Review and approve for recommendation to Council as appropriate all principal external financial reports, including the Annual Report and Accounts and Charity Commission Return.
Monitor pension plan(s) management
Skills required

Management and Business operations
CFO/FD or other senior level experience
Company accounting
Investments, Cash, and liquidity
Strategy development
Risk Management
Skills – desirable (not essential)

Charity accounting
Legal/Regulatory
International business
Corporate governance
Charity governance
DB Pensions
DC Pensions