Non-Executive Director Chair of Finance, Audit, Investment & Risk Committee

ABOUT THE INSTITUTE

The Royal Australian Institute of Architects Ltd (Institute) is the peak body for the architectural profession in Australia, representing approximately 14,500 members. The Institute works to improve our built environment by promoting quality, responsible and sustainable design, promoting the architectural profession and being the public voice for architecture.

The Institute works on behalf of its members and in the public interest to advocate for the value of the architectural profession and for architecture’s contribution to a better built environment and quality of life. Our work engages with members, stakeholders, community, and government around a range of important public concerns, including:

1. Fostering thriving cities and regions
2. Housing a diverse and inclusive community
3. Improving building regulation
4. Addressing climate change
5. Capitalising on creativity
6. Supporting Australian skills and trade

We Value:

• One Community – embracing diversity and open communication
• Innovation – demonstrating leadership with courage and creativity
• Accountability – acting with integrity, responsibility, and sustainability
• Respect – relating with empathy and recognition for effort
• Collaboration – working together, with trust and transparency

The Institute owns 100% of IBL Limited and 50% of Architecture Media Pty Ltd.  IBL Limited provides insurance broking services, is an insurance agent/underwriter and also provides risk management services, to clients operating in the built environment sector. Architecture Media is an online and print publisher and events company with its focus on the built environment – practitioners, clients, suppliers and the wider community.

ABOUT THE BOARD

The Institute is a public company limited by guarantee and is governed by an eight-member Board of Directors. The Board composition is:

• five Directors each of whom are elected by the Institute’s National Council from National Council (National Council is an advisory body to the Board of Directors comprised of approximately 20 Members most of whom are elected by Institute Members from the Institute’s membership); and 
• three Independent Directors (who are not Institute Members or eligible to be Institute Members) appointed by the Board in consultation with National Council. 

The Institute’s Board meets at least six times, with three Board meetings held virtually and three board meetings held in person nationally. In addition, directors are expected to attend at least one National Council meeting in person and any ad hoc meetings of the Board that may arise from time to time. Attendance at additional Institute meetings (including National Council meetings) may arise from time to time. 

INDEPENDENT DIRECTOR VACANCY

The Board are seeking to appoint an independent director (who constitutionally may not be an Institute member or eligible to be Institute Member) to Chair the Board’s Finance, Audit, Investment and Risk (FAIR) Committee. 

Essential Experience:

• Finance specialist with a relevant tertiary qualification, audit experience, CPA, CA (or equivalent) and significant years partner / executive experience. 
• Graduate of the AICD Company Directors Course or equivalent.
• Knowledge of risk and compliance frameworks.
• Previous board experience essential, including experience as a Chair of board Risk and Audit Committee.

Desirable:

• Knowledge / expertise in the insurance or property industry would be valued but not essential.
• Knowledge / expertise in the Digital, Data & Technology or Cyber Security industry would be valued but not essential. 

All applicants must demonstrate alignment with Institute values and purpose.

This role can be based in any capital city, with a commitment from the incumbent to travel from time to time. 

REMUNERATION

The position is remunerated. Remuneration will be discussed in the interview process with shortlisted candidates.

PROCESS

The successful applicant is to be appointed with a commencement date of 11 May, immediately following the 2024 AGM, with interviews and due diligence to be completed in March and April 2024.

HOW TO APPLY

Please provide a brief cover letter (no more than 2 pages) expressing your interest in the role, together with a CV (no more than 3 pages), and send to the Company Secretary by midnight on Sunday 3 March 2024 at *****@architecture.com.au

Please note these application requirements will be strictly adhered to.