Stress Testing Masterclass Manchester
or how best to support difficult decision making in challenging times…
Stress testing has become second nature to associations. Not only because of the assurance the Regulator takes from it, but also because it has become a critical tool for building long-term financial resilience and creating confidence in Boards, investors and other stakeholders that strategic ambitions are deliverable.
Today organisations are working to prepare the forecasts that will support the June 2023 Financial Forecast Return, whilst experiencing a perfect storm of political and economic turmoil. Rents are capped whilst cost and wage inflation are high, interest rates have risen, the housing market is wobbling, stock investment requirements keep increasing and residents are facing unprecedented cost-of-living pressures. Indeed the Regulator has regraded over 50 associations from V1 to V2 where it feels the challenges will be hardest felt, and the credit rating agencies are demonstrating increasing concerns for similar reasons.
Join Campbell Tickell experts and guest speakers for a timely half-day workshop that will help you to support your Board to make the necessary difficult decisions and resourcing trade-offs, armed with the best possible understanding of consequences, risks and mitigations.
What will we cover?
- We will draw on our expertise and learning from reviewing over 100 stress tests, highlighting best practice, traps to avoid and covering:
- Bringing the ‘what-if’ analysis alive and keeping it relevant;
- Fully engaging Boards with early involvement and clarity of reporting;
- Linking to performance reporting, golden rules and risk registers;
- Moving beyond the wizardry of financial modelling to build collaborative mitigation plans and practical triggers;
- Making best use of Brixx;
- Good (and not-so-good) use of the Bank of England stress test; and
- Keeping ahead of rising regulatory expectations.
Who should attend?
- Chairs
- Board Members
- Chief Executives and Executive team members
- Those with business planning and treasury responsibilities.
Delegate tickets can be purchased using a debit or credit card below. Please contact events@campbelltickell.com if you require any assistance booking places.
Speakers
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Helen RoutledgeDirector, Campbell TickellHelen is a senior finance professional with over 20 years’ experience in housing association finance. She has worked extensively with Campbell Tickell as a Senior Associate Consultant since 2017, and in 2021 was appointed as a Director.
Example projects:
• Built, quality assured and validated Brixx models at Christian Action Housing, Industrial Dwellings Society, Riverside Group, Beyond Housing, and Yorkshire Coast Homes including assessment of stress testing compliance with Regulatory, requirements, expectations and best practice.
• Options appraisal on the sheltered stock and heritage assets at two organisations.
• Reviews of organisations finances including assessing the long term viability as part of merger discussions and financial due diligence.
• Ensure compliance with the Regulator of Social Housing’s Rent Standard including: reviews of rent policy, determining compliance with the regulatory and legal framework, calculation of the rectification and remediation, and providing assurance to the organisation.
• Supported regulatory In-Depth Assessments rehearsals for a number of organisations Helen is a Fellow of the Institute of Chartered Accountants in England and Wales.
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Kathryn PriceExecutive Director of Finance, LHPKathryn has worked in in the sector since 2004, after a post qualification career in financial services, and has held a number of roles in housing associations with of varying size, and led on challenges such as mergers, transformations and team integrations.
LHP is Kathryn’s 9th HA and joining in September 2020 just before the second lockdown, she didn’t meet most colleagues face to face until July 2021.
With accountability for risk and assurance as well as finance she is well placed to ensure that the link between risk, stress testing and mitigation plans is understood at the strategic level.
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Mike GerrardExecutive Director of Finance, OnwardMike joined Onward from The Barnet Group, a housing and care group in North London, where he was the Group Director of Resources. Prior to this, he began his career as an auditor for Arthur Andersen and gained experience with AstraZeneca and PwC Consulting before moving into housing with the Riverside Group as a project director in 2003. Since then he has worked as Finance Director at Willow Park Housing Trust and undertaken senior finance and project roles with a range of housing providers.
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Scott MartinExecutive Director of Resources, Karbon HomesScott Martin joined Karbon Homes in 2020 as Executive Director of Resources with responsibility for finance, treasury, ICT/ digital transformation and people and organisational development.
A chartered accountant by training, Scott spent eight years with KPMG before enjoying a 14-year career in senior finance and general management roles within the housebuilding sector (Persimmon, Barratt, Story).
Scott is also a member of the NHF’s SORP working party and an audit committee member of Prosper Procurement Limited, a strategic business consultancy delivering procurement solutions to the social housing sector.
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Sue HarveyDirector, Campbell TickellSue is a Director at Campbell Tickell, where she leads for the practice on finance and risk. She is an economist and a specialist in corporate finance, risk and assurance, regulation and governance. She has more than 20 years’ experience in social housing, as well as a background in forecasting, business modelling and pensions.