Connecting...

Role

Treasurer

Job Title: Treasurer
Location: Romford
Industry:
Salary: 0 - 0
Reference: Treasurer
Contact Name: Lee Giles
Contact Email: leegiles@thehabbitfactory.org
Job Published: March 03, 2021 13:34

Job Description

Reporting to - The Chair and the board of trustees.

Experience needed - Finance, Strategy and Governance, Legal, Risk.

Role Summary

Overseeing, approving, and presenting budgets, accounts, and other financial statements. Ensuring that the charity has an appropriate reserves policy.

The preparation and presentation of the financial statements to the board. Ensuring that appropriate accounting procedures and controls are in place. Liaising with the CEO on a regular basis.

Responsible for ensuring that the charity complies with all relevant legislation.

Ensure that the accounts are prepared in the form required by the relevant statutory bodies. Make a formal presentation of the accounts at the AGM.

Monitor the financial standing of the charity and report to the Board regarding cash-flow, income streams, out-going expenses and 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.

Oversee the introduction of Quickbooks

Main responsibilities of the Treasurer

In relation to finance

Budgeting and strategic financial planning

  • Ensure all strategic plans are financially appraised and budgets are aligned to both short-term and long-term objectives each year.
  • Oversee planning/budgeting processes in participation with the Board and constructively challenge where required.
  • Suggest alternative scenarios while evaluating strategic plans as a part of the risk management process and as a part of performance and reporting scenarios.
  • Create greater transparency and accountability to improve resource allocation and charity’s image by adding specific measures as per SORP guidelines.

Management Reporting

  • Ensure a high standard of management accounting is maintained in order to safeguard assets.
  • Liaise with CEO and trustees to prepare and produce management accounts regularly.

Statutory Financial Reporting

  • Guide and advise fellow trustees to formally approve the annual report and audited accounts.
  • Explain technicalities of accounts in plain language which is fully understood by the trustees.

Reserves Policy

  • Develop reserves policy and safeguard the organisation’s finances.
  • Keep the board informed of free reserves position regularly and advise to cope with changing circumstances.

In relation to Governance

  • 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.
  • Advising on the financial implications of the charity’s strategic plans and overseeing the charity’s financial risk-management process.
  • Lead in the development and implementation of financial reserves, cost management and investment policies.

Qualities of a Treasurer

Essential

  • Qualified accountant with demonstrated commercial awareness and knowledge.
  • Knowledge of charity SORP and impending changes.
  • Competent use of IT skills.
  • 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

Desirable

  • Demonstrated knowledge and experience of charity fundraising and finance practices.
  • Dedicated to the organisation’s cause and objectives and willing to act as the charity’s ambassador to external bodies, charities and companies.
  • Skills and experience in one or more areas of non-executive governance and management. e.g. Strategic, planning, business management, financial/accountancy, understanding of HR issues, experience of Trusts or other grant giving bodies particularly fundraising and legal knowledge.
  • A team-oriented approach to problem solving and to management.

Time commitment and location

  • Attend 3 Board Meetings a year.
  • Attend the annual AGM.
  • Attendance at annual performances (2 a year) is expected
  • It is important that the Treasurer attends any necessary adhoc meeting outside of the yearly trustee meeting
  • In addition to board meetings, other contact – usually electronic or by telephone – may be necessary.
  • This position will be held for a maximum of 3 years with a further 3-year extension if duly elected after the initial term in office.

Get similar jobs like these by email

By submitting your details you agree to our T&C's