TREASURER JOB DESCRIPTION
- The main duties of the Treasurer are to oversee the financial administration of the organisation, review procedures and financial reporting, advise the board on financial strategy, and advise on fundraising.
- Treasurer is to keep up-to-date records as well as an audit trail for all transactions (consider setting up an audit committee and appointing an external auditor)
- Protect the organisation against fraud and theft, ensuring safe custody of money, and prompt banking
- Make sure the board understands its financial obligations
- Make sure the organisation complies with tax regulations, such as payroll tax and fringe benefits tax
Specifically you will need to understand the policies and procedures to protect the organisation and its people. These will include:
- Review all internal processes and reporting methods at least annually.
- Controls on expenditure, such as who can authorise spending, upper limits before board approval is needed, and who can sign cheques.
- How much your organisation owns.
- How much money you can easily access.
- Your main sources of income.
- What you are spending money on aware of any risks that may arise.
- Chair Board meetings ensuring:
- There is adequate time for discussions and time keeping is adhered to
- Business is dealt with and decisions made
- Decisions, actions and deliberations are adequately minuted
- The implementation of decisions is clearly assigned and monitored
- Plan and prepare the Board meetings papers and submit prior to the board meetings.
- Ensure that a successor is found before the term of office finishes.
- Adhere to Board standards
- A willingness to learn have financial skills to lead the organisations finances.
- Possess knowledge of Mums In Need and domestic abuse issues
- Possess effective communication skills.