About the team we are recruiting to

This is NOT an employed Coventry City Council position.

Coventry City Council has a number of commercial interests in wholly owned and joint venture entities.  In November 2021, the Council took a decision to create Coventry Municipal Holdings Limited (CMH), a holding company for its wholly owned investments. 

The CMH group includes the following companies:

• Tom White Waste Limited (TWW) and subsidiaries: A&M Metals, TW(LACo) (the Teckal company)
• Coombe Abbey Park Limited (CAPL) and subsidiaries: No Ordinary Hospitality Management (NOHM), Coombe Abbey Park (LACo) (the Teckal company)
• Coventry Technical Resources Limited (CTR)
• Coventry Regeneration Limited (CR)
• No Ordinary Hotels Limited (effectively a dormant company).

What is the job role?

The vision for Coventry Municipal Holdings (CMH) for 2022/23 and beyond are: 

• To provide excellent governance across its own activities and those of its subsidiaries in accordance with the Group Governance Agreement 
• To derive value from commercial activity in line with the strategic corporate objectives that may be used to off-set budget pressures and enhance services delivered by Coventry City Council 
• To have a positive social and environmental impact through its undertakings and activities 
• To grow the portfolio of activity of CMH and its subsidiaries in a risk balanced manner through organic growth, further acquisition and investment in business process and infrastructure 
• To provide a vehicle for investment  

This role will be at the heart of each of these strands working closely with the subsidiaries to support and challenge the management team and finance functions with commercial decision making through business case development, financial analysis, sound financial management and reporting and challenge the projections and outturn being presented each month to the Board of Directors. 

The role will report directly to the Management Director for CMH and working alongside the Commercial Director for CMH as well as the management teams for the subsidiary organisations in the group.  

The role has no direct line management but requires close working with the Financial Controllers and Finance teams for the subsidiaries.

This post is exempted under the Rehabilitation of Offenders Act 1974 and as such appointment to this post will be conditional upon the receipt of a satisfactory response to a check of police records via Disclosure and Barring Service (DBS).
 

Who are we looking for?

A positive, self-starting individual will thrive in this role. Measured by the success of the delivery of outcomes to support the strategic objectives (2022/23) which are listed below:

• Deliver positive social impacts for the residents of Coventry in the context of both CMH’s direct activities, and by delivering ‘profit for purpose’, off-setting budget pressures with income and dividends derived from CMH and its subsidiaries’ activities
• Drive commercial growth through all subsidiaries and through CMH led initiatives, exploring opportunities for business acquisition, development of new businesses and investment in business process, resource and infrastructure
• Support the delivery of the business plans of the subsidiaries with resource capability and capacity and investment as appropriate
• Focus the activity of CMH within the environment and leisure sectors
  • Environment sector, with the intention of supporting the Council’s climate change strategy with commercial activity that contributes to mitigating climate change, expanding on the activity of Tom White
  • Leisure sector , that supports growth of business in the leisure sector to increase resilience of the existing investment in the sector at Coombe Abbey, and benefit from the growth in the UK leisure sector
• Explore the ability to set up an investment fund that is capable of supporting investment in the existing subsidiaries and further initiatives that will deliver this business plan.

We are looking for dynamic Finance Director to fulfil the above role.

To apply please complete the online application form demonstrating how you meet the specific requirements in the job description and person specification.

Please also provide a formal supporting letter explaining why you want this role and why you would be the best candidate.

For an informal conversation about this role, please contact Andrew Walster - Director Streetscene and Regulatory Services: email: andrew.walster@coventry.gov.uk who will be happy to arrange a convenient time to discuss this position with you.

Interview date: 1st June 2022

If you are applying for this position via WMJobs - please click apply for the Job Description and Person Specification details.

Coventry City Council