The Jewish Chronicle - - TRAVEL -

AN OR­GAN­I­SA­TION RE­CRUIT­ING for a se­nior fi­nance posi t i on of t e n s e e k s e x t e r nal ad­vice from spe­cial­ists. This i s the case with the Lubav­itch Foun­da­tion. Hav­ing re­cently un­der­taken a full strate­gic re­view of its head of­fice func­tions, con­ducted by James Shillito from Bolt Part­ners, a spe­cial­ist turn­around con­sul­tancy, one of the rec­om­men­da­tions was to in­stall new sys­tems, pro­cesses and con­trols across the Foun­da­tion.

In a rel­a­tively short pe­riod of time, this process has started, lead­ing to an im­me­di­ate im­prove­ment in the way the Foun­da­tion op­er­ates. By in­vest­ing in a new ac­count­ing sys­tem and ini­ti­at­ing the im­ple­men­ta­tion of new ac­count­ing prac­tices and con­trols, the Foun­da­tion has found it­self mov­ing into a pe­riod of sta­bil­ity.

One of the rec­om­men­da­tions of the re­view is to re­cruit a new chief fi­nance and ad­min­is­tra­tion of­fi­cer. The Foun­da­tions’ au­di­tor, Raffin­gers Stu­art, rec­om­mended Paul Gladstone from re­cruit­ment spe­cial­ist Fi­nan­cial Staffing So­lu­tions. Gary Inglis, a part­ner from Raffin­gers Stu­art, says: “hav­ing worked with Paul on a num­ber of pre­vi­ous oc­ca­sions, we were very happy to rec­om­mend him and his com­pany to as­sist the Foun­da­tion in re­cruit­ing a new chief fi­nance and ad­min­is­tra­tion of­fi­cer. Paul has al­ways taken the time to un­der­stand the client’s needs and pro­vide a suit­able short­list of can­di­dates.”

Paul ex­plains, “It is an ex­cit­ing time for the Lubav­itch. Hav­ing started the process of change, they now re­quire a chief fi­nance and ad­min­is­tra­tion of- fi­cer to sup­port the chief ex­ec­u­tive and the board of the Foun­da­tion, not only from a fi­nance per­spec­tive, but also to take con­trol of the ad­min­is­tra­tion and as­sist in some of the op­er­a­tional is­sues. Hav­ing ad­ver­tised in the Jewish Chron­i­cle, a num­ber of spe­cial­ist ac­count­ing job boards and net­work­ing through the com­mu­nity, it is im­por­tant for us to present a con­cise short list of po­ten­tial can­di­dates who are not only tech­ni­cally qual­i­fied for the role, but pos­sess the softer qual­i­ties to un­der­stand how the Foun­da­tion op­er­ates and how they can con­tinue im­ple­ment­ing the rec­om­men­da­tions made in the strate­gic re­view.”

James from Bolt Part­ners ex­plains, “When I was ap­pointed as in­terim chief fi­nan­cial of­fi­cer in Oc­to­ber 2007, the Lubav­itch Foun­da­tion was in con­sid­er­able dis­tress. There was ex­tremely poor liq­uid­ity and as a re­sult teach­ers, the In­land Rev­enue and sup­pli­ers had not been paid for many months. The fi­nan­cial con­trols were very weak, with out­dated sys­tems, an over­stretched fi­nance func­tion and no reg­u­lar fi- nan­cial re­port­ing. The sit­u­a­tion is now very dif­fer­ent. Emer­gency funds have been raised from key pa­trons and Bar­clays Bank has pro­vided breath­ing space for at least the next 12 months. New fi­nan­cial sys­tems have been im­ple­mented and monthly fi­nan­cial re­ports are pre­sented on a timely ba­sis. There is a clear re­cov­ery plan in place which is be­ing driven through by the se­nior man­age­ment team.

“My job, to sup­port the or­gan­i­sa­tion through this chal­leng­ing pe­riod, is near­ing com­ple­tion and it is time to hand over to a per­ma­nent suc­ces­sor who will build upon the achieve­ments to date. This will be a very ex­cit­ing and re­ward­ing op­por­tu­nity for the suc­cess­ful can­di­date to work with a very ded­i­cated team and won­der­ful or­gan­i­sa­tion.” For fur­ther in­for­ma­tion re­gard­ing the re­cruit­ment for the chief fi­nance and ad­min­is­tra­tion of­fi­cer for the Lubav­itch Foun­da­tion, con­tact Paul Gladstone from Fi­nan­cial Staffing So­lu­tions on 020 8532 2644 or paul@staffin­g­so­lu­

Lubav­itch Foun­da­tion is seek­ing a chief fi­nance of­fi­cer; could it be you?

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