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Role

Treasurer

Job Title: Treasurer
Location: Unknown
Industry:
Reference: J57630
Job Published: March 28, 2018 14:56

Job Description

Reach Volunteering are working with the Hodan Somali Community in the recruitment of a Treasurer to join their Board. The successful candidate will play a crucial role in ensuring the organisation’s finances are managed correctly.

The Hodan Somali Community is a community organisation that came together following a period of sustained demand from the local Somali community in West London. The organisation targets the most vulnerable groups in the community particularly the elderly, people with disabilities, people with mental health problems, single mothers and their children. Their services are heavily used and attract twenty-five to thirty service users each week and this demand is consistent.

Role Summary

In addition to overseeing the organisation’s finances, the role will have a significant impact on the community’s ability to continue providing the invaluable support to their beneficiaries. By joining the board at Hodan Somali Community you will be part of a friendly and collaborative organisation that provides wonderful support to the Somali Community and beyond.

The Treasurer will be required to:

  • Monitor the financial standing of the charity and reports to the Board and CEO regarding cash-flow forecasting, income streams, out-going expenses and the overarching strategic management of the organisation’s financial resources.
  • Oversee the charity’s financial risk-management process and report financial health to the board of trustees at regular intervals.
  • Acts as a counter signatory on cheques and applications to funders and ensure that annual accounts are submitted to all relevant regulators in a timely fashion.
  • Liaising with external auditors on financial issues and ensuring that the organsiation’s finances are responsibly managed/invested for the betterment of the organisation’s work and for the beneficiaries it serves.
  • Lead the Board’s duty to ensure proper accounting records are kept; financial resources are controlled, invested and economically spent in line with governance, legal and regulatory requirements.
  • Lead in the development and implementation of financial reserves, cost management and investment policies.

Person Specification

Essential

  • Financial skills and experience, ideally in a third sector environment.
  • Knowledge of charity SORP and impending changes.
  • Proven ability to communicate and explain financial information to members of the Board and other stakeholders.
  • Analytical and evaluation skills, demonstrating good judgement.
  • Understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship.
  • Good communication and leadership skills.
  • A team-oriented approach to problem solving and to management.
  • Dedicated to the organisation’s cause and objectives.

Desirable

  • Demonstrated knowledge and experience of charity fundraising and finance practices.
  • Knowledge of charity SORP and impending changes.
  • Knowledge of BME organisations

Time Commitment

The board currently meets on a quarterly basis.

Location

Board meetings are held at the organisation’s premises: Hodan Somali Community, Canalside House, 383 Ladbroke Grove, London W10 5AA

How To Apply

Applications must be made via Reach in the first instance. To apply please submit your CV along with a covering letter stating why you wish to join the organisation, how your skills would add value to the board and any other relevant information.

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