QUALIFICATIONS
May have to undergo a background check and/or credit check in order to be given access to financial accounts.
Financial Literacy: Basic understanding of financial statements, budgeting, and bookkeeping.
Attention to Detail: Ability to manage finances accurately and notice discrepancies.
Integrity and Trustworthiness: Handling funds responsibly and ethically is crucial.
Organizational Skills: Managing financial records and meeting deadlines.
Communication Skills: Explaining financial concepts and reports to the board and stakeholders.
Familiarity with Non-Profit Finance: Understanding the specific financial needs and regulations of non-profits.
Experience with Financial Software: Proficiency in accounting software used by the organization.
Time Commitment: Willingness to devote the necessary time to fulfill the role effectively.
Problem-Solving Skills: Addressing financial challenges and finding solutions.
DUTIES
Financial Oversight: Overseeing the organization’s financial affairs, ensuring they are legal, constitutional, and within accepted accounting practice.
Budgeting: Preparing and presenting budgets for new or ongoing work and proposing revisions to the budget as necessary.
Financial Reporting: Regularly reporting on the organization’s financial status to the board of directors. This may include income, expenditure, and any variations from the budget.
Banking and Record Keeping: Managing bank accounts, ensuring all transactions are recorded accurately. This may involve working closely with a bookkeeper or accountant.
Financial Strategy and Planning: Developing and overseeing financial plans and strategies to ensure the financial health of the organization.
Fundraising Support: Assisting in the development of fundraising strategies and overseeing the financial aspects of fundraising events and initiatives.
Compliance and Legal Requirements: Ensuring that all financial matters of the non-profit comply with legal requirements, including filing any necessary forms or reports.
Liaising with Auditors or Financial Consultants: If the organization undergoes audits or requires financial consultation, the treasurer would be the primary point of contact.
Expense Monitoring and Approval: Overseeing expenditure and authorizing large expenses or purchases.
Educating the Board: Providing guidance to the board members about their financial responsibilities and the overall financial health of the organization.
Risk Management: Identifying and addressing financial risks and liabilities.
Kat “MsKittyKat”