Non-Executive Director
The Manx Development Corporation has been operating since September 2021 as a limited liability company that is 100% owned by the Treasury. Whilst the Company is accountable to the Treasury as the shareholder, it operates at arm’s length from the Isle of Man Government.
The company’s objectives are as follows:
- Purpose: To be a catalyst for the positive transformation of brownfield sites to improve the Island’s urban landscape for the benefit of all Manx Citizens
- Vision: That the Island’s urban landscape will be perceived by its residents as vibrant, safe, of high design quality and environmentally efficient, and a key contributor to increase inward investment and recognition as a top International Business Centre
Criteria and role requirements
Treasury, acting as the shareholder, is seeking a Non-Executive Director with substantial financial experience to support the Board and the Company with the strategic and operational development of the Manx Development Corporation.
As the appointed Non-Executive Director with expertise in finance, you will be responsible for oversight of financial governance and reporting, internal control, audit and risk, including chairing the Audit and Risk Committee.
You will need strong business strategy skills and possess the ability to successfully understand and interpret financial and management information to determine commercial performance and improvement.
You will have a track record of success in a significant senior financial/audit role, with experience of assurance, risk management and audit committees.
You will demonstrate recent senior board level experience gained in a non-executive capacity, ideally have experience in a similar public interest organisation and have an understanding of finance and commercial operations in construction.
You will have a broad understanding of the Island, Isle of Man Government and its political environment.
You will need to demonstrate a commitment and ability to maintain independence of judgement and to avoid conflicts of interest.
You will also be expected to respond to requests from Tynwald to appear and give evidence to committees and engage with politicians and the media as appropriate.
Commitment and remuneration
The expected time commitment in respect of this position will be approximately 30 days per annum and involves regular attendance at board meetings (quarterly) and other commitments as they arise.
The remuneration for the role of Non-Executive Director and Chair of the Audit and Risk Committee is up to £21,000, depending on experience.
Selection
Applicants should submit a CV along with information demonstrating their suitability for the appointment.
All applications received will be reviewed against the required criteria by a Treasury selection panel and short-listed applicants will be invited to attend an interview. It is anticipated that interviews will be held soon after short-listing.
It is the intention that appointments will be made to commence from 1 July 2025
For further information on the please contact Chief Financial Officer: Caldric Randall, caldric.randall@gov.im, +44 1624 686433
Applications can be submitted either via email to rachele.quayle2@gov.im or by post to:
Rachele Quayle
Financial Governance Division
Treasury
Government Office
Bucks Road, Douglas
Isle of Man
IM1 3PU
The closing date for receipt of applications is Sunday 15th June at 11:59pm.
Please note any applications received after this time will not be accepted.
