Added by: val stokes
Added 2018-08-09 11:17:04
- knowledge of governance
Job Title: voluntary Treasurer to Board of Trustees
Shine Treasurer Job Description
Job Title: Treasurer
The Treasurer will take the lead at board level on financial matters whilst ensuring that the collective responsibility of the Board of Trustees for the financial governance is maintained.
The statutory duties of all trustees are:
● To ensure that the organisation complies with its governing document, charity law, company law and any other relevant legislation or regulations.
● To ensure that the organisation pursues its objects as defined in its governing document.
● To ensure the organisation uses its resources exclusively in pursuance of its objects: the organisation must not spend money on activities which are not included in its own objects, no matter how worthwhile or charitable those activities are.
● To contribute actively to the board of trustees’ role in giving firm strategic direction to the organisation, setting overall policy, defining goals and setting targets and evaluating performance against agreed targets.
● To safeguard the good name and values of the organisation.
● To ensure the effective and efficient administration of the organisation.
● To ensure the financial stability of the organisation .
● To protect and manage the property of the charity and to ensure the proper investment of the charity’s funds.
● To appoint the chief executive officer and monitor his/her performance
In addition to the above statutory duties, the Treasurer should use any specific skills, knowledge or experience they have to help the board of trustees reach sound decisions. This may involve:
● Promoting the interests of the charity at all opportunities
● Focusing on key issues
● Providing guidance on new initiatives
● Other issues in which the trustee has special expertise
Main Responsibilities of the Treasurer
In relation to the Board
● monitor the financial administration of the charity and report to the board of trustees, in compliance with the governing document;
● oversee the charity’s financial risk-management process;
● board-level liaison with the external auditors on specific issues such as the Auditors’ Management Letter and the related board representations.
● overseeing the production and presentation of budgets, internal management accounts and annual financial statements to the board of trustees;
● ensuring that proper accounting records are kept, financial resources are properly invested and economically spent;
● liaising with relevant members of staff;
● monitoring and advising on the financial viability of the charity;
● overseeing the implementation of and monitoring financial systems;
● advising on the financial implications of the charity’s strategic plan;
In relation to the Director of Finance and Operations
● Consult with Director of Finance and Operations on matters of financial strategy and financial governance.
● Receive regular progress reports of the financial performance through the Director of Finance and Operations.
Essential for all Trustees
● Understanding and acceptance of the legal duties, responsibilities and liabilities of Trusteeship and adhering to Nolan’s seven principles of public life: selflessness, integrity, objectivity, accountability, openness, honesty and leadership.
● Commitment to the charity’s objects, aims and values and willingness to devote time to carry out responsibilities.
● Strategic and forward looking vision in relation to the charity’s objects and aims.
● Good, independent judgement, political impartiality and the ability to think creatively in the context of the organisation and external environment.
● Good communication and interpersonal skills and the ability to respect the confidences of colleagues.
● Balancing tact and diplomacy with willingness to challenge and constructively criticise.
Essential for Treasurer
● Qualified and experienced finance professional
● Charity accounting experience or understanding
Desirable for all Trustees
● Prior experience of committee/trustee work.
● Direct experience of spina bifida and/or hydrocephalus and understanding of the impact the condition has on people’s lives.
● Knowledge of the type of work undertaken by the charity.
● A wider involvement with the voluntary sector.
● Experience of chairing meetings, committee work
● Leadership skills exercised through a period change.
● The Board meets at least 4 times a year, with other meetings of the Board or sub-committees as required.
● In addition a monthly phone call or meeting with the Director of Finance and Operations will be required as a minimum.