Overview
The treasurer will offer guidance to the Executive Board in ensuring good fiscal planning, decision-making and oversight at a governance level.
Responsibilities
- Oversee the development of high level financial policies and their review by the board
- Assist in the preparation of the annual budget and its presentation to the board for review
- Ensure that the appropriate monthly or quarterly financial statements are reviewed by the board
- Ensure that the board regularly monitors the organization’s financial performance and alerts it to any important discrepancies between planned and actual figures
- Ensure that the organization maintains the appropriate financial books and records and that these are accurate and up-to-date
- Ensure that government tax filings and remittances are submitted on a timely basis
- Ensure that liabilities are settled in a timely manner
- Serve as a co-signer of cheques with at least one another signing officer
- Verify that donations are handled appropriately and that grants and service delivery contracts are accounted for in accordance with the requirements of funders
- Meet with the external auditor annually, to identify any financial control and record keeping problems or deficiencies and oversee action by the Executive Board and financial officer to address them
- Recommend to the board the need for a review or renewal of the auditing services provided
- Present or co-present the organization’s financial report and recommend appointment or reappointment of auditor at the Annual General Meeting
- Helps, along with the Executive Director, keep the board informed of important financial events, trends, and issues relevant to the organization
Recommended Skillset or Skills You Would Learn
- A commitment of time
- Openness to learning
- Strong organization and detail-oriented skills
- An efficient and patient communicator
- Sound judgment and discreetness where appropriate
- A understanding of, and experience with, good financial management and reporting
- practices
- A professional accounting designation may be required
- An appreciation of the kind and level of financial information needed at a board level to
- support decision making
- Passion for the Community
- Positive Attitude
