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Board Treasurer Role Description

Position Title: Treasurer

 

Reports To: Board Chair/President

 

Term of Office: Three Years, Renewable

 

Role Overview:

The Treasurer is a vital member of the Board of Directors of VISION Inc. and plays a crucial role in the financial oversight and management of the organization. This role ensures fiscal responsibility, transparency, and accountability in pursuing the organization's mission and goals.

 

Key Responsibilities:

1. Financial Oversight:

  • Review and provide input on the organization's annual budget, financial plans, and policies.

  • Monitor the organization's financial health, including regularly reviewing financial statements, reports, and financial performance indicators.

  • Work collaboratively with the Finance Committee, Executive Director, and other board members to ensure sound financial management.

2. Financial Reporting:**

  • Prepare and present financial reports, including income statements, balance sheets, cash flow statements, and financial forecasts, to the board at regular meetings.

  • Ensure that accurate financial records are maintained and made available for audit as required.

3. Budget Management:

  • Participate in the annual budget development, working closely with staff and other board members.

  • Monitor budget performance throughout the year, identifying and addressing any significant variances.

4. Financial Policy and Compliance:

  • Assist in developing and maintaining financial policies and procedures, ensuring compliance with applicable laws and regulations.

  • Keep the board informed about changes in financial regulations and reporting requirements.

 

 

5. Banking and Investments:

  • Oversee the organization's banking relationships, including managing bank accounts and investments.

  • Ensure that investment policies align with the organization's financial goals and risk tolerance.

 

6. Fundraising and Grant Management:

  • Collaborate with the Development Committee and Executive Director in financial aspects of fundraising, grant applications, and reporting to donors and grantors.

  • Maintain accurate records of restricted funds and ensure they are used per donor restrictions.

 

7. Audit and Compliance:

  • Liaise with external auditors and assist in preparing audited financial statements and tax returns.

  • Ensure that the organization complies with all tax and regulatory requirements.

 

Qualifications:

  • Demonstrated financial expertise and a strong understanding of nonprofit finance and accounting.

  • Knowledge of financial regulations and compliance requirements for nonprofits.

  • Strong analytical and problem-solving skills.

  •  Excellent communication and presentation skills.

  • Ability to work collaboratively with fellow board members and staff.

  • Commitment to the mission and values of [Name of Nonprofit Organization].

 

Time Commitment:

The Treasurer is expected to dedicate approximately [insert hours per month] to board meetings, committee meetings, and other related responsibilities. This role may require additional time during budget planning and audit periods.

 

Application Process: 

Interested individuals should submit our Board of Directors Interest Form. Candidates may be interviewed by a board nominating committee, and final selections are made by a vote of the existing board members.

 

VISION Inc. is an equal opportunity organization and encourages individuals of all backgrounds and experiences to apply.

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