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WORK LIFE - YOUR NEXT MOVE?

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Kathryn Godfrey looks at the post of head of treasury services at Kingston upon Thames LBC ...
Kathryn Godfrey looks at the post of head of treasury services at Kingston upon Thames LBC

Kingston upon Thames LBC is looking for a head of treasury services to join its financial team.

One of five divisional heads reporting to the director of finance, the post's major responsibility is the management of the council's borrowing and investment activities.

Large sums of money are involved. The council has an external loan debt of around£130m and has£75m invested externally.

Jeremy Randall, head of financial services, says: 'This is a key role. With the amount of money involved, the impact of a better rate - even a tenth of a percent - makes a difference to our spending.'

The role encompasses management of the council's pension fund activities. This involves the investment arrangements for the fund including management of external fund managers. The value of pension fund investments stands at around£220m.

In addition, the post covers the management of the council's insurance arrangements.

Applicants for this post are likely to have a local government or public sector background, a professional qualification, and preferably experience in treasury management.

'This is a technical job in financial terms,' Mr Randall says. 'But we are also looking for someone who is able to communicate effectively with borrowers, lenders, brokers and fund managers.'

The head of treasury services manages a team of around 20 people. The post also has a strategic role. As a result it needs someone with the ability to see how the treasury service fits into the council's overall business activity, and who can contribute to the strategic corporate management.

Three years ago, Kingston's treasury management department scored a three-star rating from Audit Commission inspectors in a best value review. But the job still presents a challenge.

Mr Randall says: 'There will be a requirement to continue to perform at the current level while at the same time adapting to the changes in local government.'

Another challenge is that the council is a low spending and high tax borough and has to maintain good quality services while keeping the tax rate down.

Kingston is an 'excellent' rated authority with three-star education and social care services.

Located in south-west London, there is easy train access to central London. House prices are relatively cheap compared to adjoining Richmond, but more expensive than nearby Sutton.

Population 147,273

Males 71,987

Females 75,286

Aged 0 to 15 18.9%

Aged 16 to 74 74.1%

Aged 75 and over 7%

Born in the UK 80.3%

Born in EU (inc Rep Ireland) 4.9%

Born elsewhere 14.8%

Work

Percentage of people aged 16-74 . . .

Employed55.5%

Self-employed 9.7%

Unemployed 2.5%

Student 11%

Retired 9.8%

Looking after home/family 6.4%

Permanently sick/disabled 2.5%

Other 2.6%

Health

People with limiting long-term illness 13%

People whose health is good73.9%

People whose health is fairly good19.8%

People whose health is not good6.3%

Ethnic groups

White British75.9%

White non-British8.5%

Mixed race2.3%

Asian or Asian British7.8%

Black or black British1.6%

Other ethnic group3.9%

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