JOIN OUR TEAM! We are recruiting for a Treasurer of the Board of Trustees. Do you have previous board, governance, and/or strategic experience? Do you approach challenges with a positive and 'can-do' outlook?
As well as fulfilling the basic requirements of a trustee, which can be found here, the role of Treasurer requires additional skills outlined below.
If this sounds like a role for you, then find out more information below. To apply, please send your CV and cover letter to:
Applications close on Sunday 21st February 2021.
ROLE DESCRIPTION ________________________
Role Title: Treasurer of the Board of Trustees
Location: This role can be conducted remotely. Quarterly meetings in London where possible.
Reporting to: Chair of the Board of Trustees.
Time Commitment: Four - six board meetings per year, an annual strategy day as well as other activities between meetings as required by the role. The Treasurer is also expected to have regular contact with the Chief Executive.
Duration: Probation period 3 months, including attendance at a board meeting. Minimum commitment 2 years, maximum 5 years.
Remuneration: The role of Treasurer is not accompanied by any financial remuneration, although expenses for travel may be claimed.
General Trustee Role: Below outlines the specific role of the Treasurer. It is essential that you also read the Advisor to the Board of Trustees role profile here which outlines your general responsibilities as a trustee.
OVERVIEW OF THE ROLE
The treasurer will monitor the financial standing of the charity and reports to the Board and CEO regarding cash-flow forecasting, income streams, outgoing expenses, and the overarching strategic management of the organisation’s financial resources. They oversee the charity’s financial risk-management process and report financial health to the board of trustees at regular intervals. The treasurer also ensures that annual accounts are submitted to all relevant regulators in a timely fashion and liaises with external auditors where needed. They also ensure that the organisation's finances are responsibly managed for the betterment of the organisation’s work and for the beneficiaries it serves.
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.
Ensure a high standard of management accounting is maintained.
Liaise with the Chief Executive and trustees to prepare and produce management accounts regularly.
Effectively partner, support, and act as strategic 'critical friend' to the CEO on matters of financial planning, strategy, systems, and risk.
Desirable: taking on some or all day to day financial duties, such as book-keeping, budgeting, and preparation of reports.
Statutory Financial Reporting
Board level liaison with external auditors on specific issues in the auditing process and related board representations.
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 and Senior Leadership Team.
Maintain updated reserves policy and safeguard the organisation’s finances.
Keep the board informed of free reserves position regularly and advise to cope with changing circumstances.
Establish and build a strong, effective and constructive working relationship with the Chief Executive, maintaining regular contact.
Lead the Board’s duty to ensure proper accounting records are kept, financial resources are controlled and economically spent in line with governance, legal and regulatory requirements.
Chair finance meetings and report findings/developments back to the Board of trustees.
Advice on the financial implications of the charity’s strategic plans and oversee the charity’s financial risk-management process.
Keep the Board focused on the realities of small charities and their limited resources (financial and human resources).
Lead in the development and implementation of financial reserves and cost management.
Stay up to date with Charity Commission guidelines and requirements.
Work within any agreed policies adopted by the Charity and ensures we are operating in line with the Charity’s constitution.
The above list is indicative only and not exhaustive. The treasurer may be expected to perform all such additional duties as are reasonably commensurate with the role.
The charity’s Treasurer (and board members) will serve a minimum two-year term, maximum five-year term. The Treasurer has the right to attend any working groups or sub-committees.
In addition to the qualities required of a Trustee of the Charity, the Secretary must also meet the following requirements:
Experience in managing finances within a charity.
Experience in leading a team or advising others on financial, accounting, and other operational issues.
KNOWLEDGE AND SKILLS
Qualified accountant with demonstrated knowledge and experience of finance practices.
Financial management expertise and a broad understanding of charity finance issues.
Knowledge of charity SORP.
Competent use of IT skills.
Proven ability to clearly communicate and explain financial information to members of the Board, Senior Leadership Team, and other stakeholders where relevant.
Analytical and evaluation skills, demonstrating good judgement.
Desired: knowledge and experience of charity fundraising.
The Honorary Treasurers Forum offers support and networking for those who take the role of Treasurer on nonprofit boards. They publish the free Honorary Treasurer's Handbook. The Forum also run regular meetings, provide updates and briefings, carry out research and produce other helpful publications.
Indigo Volunteers are committed to upholding an equal and fair working environment free from discrimination on the grounds of gender, marital status, race, ethnic origin, nationality, disability, sexual orientation, mental health, religion, or age. We recognise that having a diversity of experiences and perspectives is crucial to growing and improving as an organisation and encourage applications from people who are similarly motivated by these values.