Treasurer
The role of the Treasurer in It Shouldn’t Be Risky is vital in managing financial resources, ensuring financial stability, and providing oversight of financial activities. The Treasurer plays a key role in supporting our financial health and accountability.
Term Length: 3 Years
Current Status: Open
Key Responsibilities:
Financial Management: The Treasurer oversees the organization's financial activities, including budgeting, financial planning, and financial reporting. They work closely with the board, staff, and relevant committees to develop and monitor the organization's financial strategies, ensuring prudent and responsible financial management.
Budget Development and Monitoring: The Treasurer collaborates with key stakeholders to develop the organization's annual budget. They analyze financial data, project income and expenses, and make recommendations to ensure the organization's financial sustainability. The Treasurer monitors budget performance throughout the year and provides regular financial updates to the board.
Financial Reporting: The Treasurer is responsible for preparing accurate and timely financial reports, including income statements, balance sheets, and cash flow statements. They present financial reports to the board, ensuring transparency and facilitating informed decision-making. The Treasurer also ensures compliance with applicable financial reporting regulations.
Financial Policies and Procedures: The Treasurer contributes to the development and implementation of financial policies and procedures to ensure effective internal controls and proper financial governance. They establish guidelines for financial transactions, expense reimbursements, and cash management, promoting transparency and accountability.
Cash Flow Management: The Treasurer oversees the organization's cash flow, including cash inflows and outflows. They monitor banking activities, maintain banking relationships, and ensure proper cash handling and reconciliation procedures. The Treasurer works closely with the board to ensure sufficient funds are available to support the organization's programs and initiatives.
Compliance and Auditing: The Treasurer ensures compliance with relevant financial regulations and requirements. They coordinate and facilitate the annual financial audit or review process, working closely with external auditors. The Treasurer provides necessary financial documentation and assists in addressing audit findings or recommendations.
Financial Planning and Forecasting: The Treasurer contributes to long-term financial planning and forecasting, assisting in strategic decision-making. They analyze financial trends, assess potential risks, and provide recommendations to the board on financial strategies and resource allocation.
Board Engagement: The Treasurer actively engages with the board, providing financial expertise and guidance. They participate in board meetings, reporting on financial matters, answering questions, and providing insights into the organization's financial performance.
The Treasurer role requires strong financial acumen, attention to detail, and a commitment to financial transparency and accountability. By fulfilling these responsibilities, the Treasurer plays a critical role in ensuring the organization's financial stability, integrity, and long-term sustainability.
Other Notes:
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