Treasurer

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”