UK Export Finance seeks new Non-Executive Director (Governance & Audit experience welcomed)
UK Export Finance (UKEF) is the operating name of the Export Credits Guarantee Department. The main role of this Non-Executive Director is to bring an external, independent, perspective to UKEF’s operations based on private sector experience and expertise in key areas, including:
- Trade and export finance;
- Experience of working with SMEs; and
- Supporting the delivery of departmental strategic priorities;
In addition to membership of the main Board of UK Export Finance, the candidate will also be expected to be a member of the Audit Committee and the Remuneration and Nominations Committee. The Audit Committee advises on financial reporting (including the production of annual Resource Accounts), governance, internal control, and associated assurance. The Remuneration and Nominations Committee advises on the performance management and pay of members of the Senior Civil Service and on succession planning.
UK Export Finance (UKEF) is at the heart of the Government’s Export Strategy, helping British businesses succeed overseas, driving sustainable growth and prosperity. Founded in 1919 as the world’s first export credit agency, we have been innovating for 100 years.
We provide, guarantees, loans and insurance to help UK companies win overseas sales, fulfil export contracts, and make sure they get paid. We exist to complement the private sector, and work with over 100 private credit insurers and lenders.
In 2020-21, we provided £12.3 billion worth of support for exports in 77 countries. 549 companies were able to export with our support, indirectly benefiting many more companies in supply chains. 79% of the companies we provided with finance and insurance were small to medium enterprises (SMEs).
The board seeks to add a NED who can bring skills, qualities and experience, including a strong understanding of both SMEs and digital transformation.
This is an exciting time to join UKEF, and to play a key part in supporting the UK’s international trade goals and objectives.
- A strong understanding of Small and Medium Sized Enterprises (SMEs), their needs and the challenges they face in accessing international markets;
- A strong network of relationships with SME stakeholders that UKEF could bring to bear as it continues to develop its SME-focused lending products;
- Financially literate, with a knowledge of international trade;
- A strong understanding of digital transformation of internal processes and the interface with customers;
- Good communication skills, both as an ambassador for the organisation and to mentor executive members of the Board; and
- A focus on implementation and achieving results
- Strong environmental credentials including understanding of the UK’s ‘green’ supply chains;
- An understanding of marketing;
- Experience of addressing ethical issues in a corporate context;
- Relevant Audit Committee expertise, including experience of internal and external audits;
- Knowledge of working in a public sector environment and understanding of the role and working of parliament, including engaging on a proactive basis with Government Departments and Ministers;
- An understanding of project finance;
- An understanding of UKEF’s priorities, objectives and challenges;
- Successful board-level experience, preferably including in a non-executive capacity; and
- A strong understanding of Board and organisational governance.
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