Pushing Boundaries Board of Directors: Treasurer
The Treasurer is a member of the Board of Directors and supports the financial operations and fiscal health of the organization. Requires a strong understanding of financial management, budgeting, and compliance with relevant laws and regulations.
Date Posted
April 19, 2024
Type
Board Seat
Location
Redmond, WA, WA
Treasurer
Position Title: Treasurer Organization: Pushing Boundaries Reports to: President of the Board of Directors
Overview: The Treasurer is a key member of the Board of Directors and plays a vital role in overseeing the financial operations and fiscal health of the organization. This position requires a strong understanding of financial management, budgeting, and compliance with relevant laws and regulations.
Responsibilities: 1. Financial Oversight: - Manage and oversee the organization’s financial activities, including budgeting, accounting, and reporting. - Work closely with the finance committee to develop financial policies and procedures. - Ensure compliance with all financial regulations, laws, and reporting requirements. 2. Budgeting and Forecasting: - Work in conjunction with the President and the Executive Director in the development of the annual budget in collaboration with the Executive Director and other board members. - Monitor financial performance against budget and provide regular reports to the Board of Directors. - Provide financial forecasts and recommendations to support strategic planning and decision-making. 3. Financial Reporting: - Prepare and present financial reports for board meetings, including income statements, balance sheets, and cash flow statements. - Ensure accurate and timely financial reporting to stakeholders, funders, and regulatory agencies. 4. Cash Management: - In conjunction with the ED, the President, monitor cash flow planning and ensure the organization has sufficient funds to meet its operational needs. - Monitor banking activities and manage relationships with financial institutions. - Implement effective internal controls to safeguard organizational assets. 5. Audit and Compliance: - Coordinate annual audits or reviews of the organization’s financial statements. - Ensure compliance with all relevant accounting standards and regulatory requirements. - Address any audit findings and implement corrective actions as needed. 6. Fundraising Support: - Collaborate with the fundraising committee to develop fundraising strategies and financial projections. - Provide financial information and analysis to support grant applications and donor stewardship efforts.
Qualifications: - Bachelor’s degree in accounting, finance, or a related field (advanced degree or CPA preferred). - Previous experience in financial management, preferably in a non-profit or community-based organization. - Strong knowledge of accounting principles, budgeting, and financial reporting. - Excellent analytical and problem-solving skills. - Ability to communicate financial information effectively to diverse stakeholders. - Experience working with boards of directors and committees. - Commitment to the mission and values of the organization.
Time Commitment: The Treasurer position typically requires a commitment of approximately 12 hours per month, including attendance at board meetings and committee meetings as necessary. During budget season and 990 review season, this will increase to approximately 18-20 hours/month.
Term of Office The term of office for the Treasurer is typically 2 years, relative to the election date, with the possibility of renewal.
Note: This job description is intended to provide a general overview of the responsibilities and qualifications for the Treasurer position. Specific duties and requirements may vary depending on the needs of the organization and the size of the board.