Independent Director and Audit Committee Chair for a Private Growth Company

Reporting and finance capability

1. Lead committee review of financial statements, significant estimates and the quality of management reporting.

2. Challenge finance capacity, closing processes and controls over cash, commitments and key accounting entries.

Independent assurance and board communication

You will oversee the audit relationship and ensure material findings receive timely and evidenced responses. You will review the reporting implications of acquisitions, financing and changes in group structure.

You will maintain appropriate private access to auditors and finance leadership and report committee conclusions clearly to the board.

The chair leads the audit committee under its approved charter and reports its conclusions to the board. Finance management prepares the accounts and operates the controls; independent auditors conduct the audit.

First cycle and first year

• First reporting cycle: assess audit coverage, financial reporting readiness and the major control gaps.
• Within six months: establish a realistic control improvement plan and a regular committee calendar.
• Within twelve months: evaluate reporting reliability, audit effectiveness and progress on material remediation.

Chair credentials

The role requires verified senior accounting qualification and substantial CFO experience; prior audit committee or equivalent governance experience sufficient to chair effectively.

Additional useful experience includes experience professionalising founder-led or investor-backed groups and familiarity with the proposed appointment jurisdiction.

Annual commitment

An initial three-year term is envisaged, with approximately twenty-five to thirty-five days annually and additional availability around reporting periods or major transactions. Start date, remuneration, travel and on-site attendance will be agreed for the appointment.