Board Treasurer Position Description

 
ACCOUNTABILITY
The board treasurer is an executive and voting member of the Board of Directors of the Centre for Entrepreneurship Education & Development Incorporated and is appointed in a manner consistent with the Articles of Association. He/she is accountable to the Board for the fulfillment of the duties and responsibilities outlined below:
 
AUTHORITY
The Treasurer, as other board members, has no authority to direct staff or take independent action on matters outside of the duties outlined unless given such authority by the Board.
 
TIME COMMITMENT

Two hours per month (board meetings, meetings with the CEO, committee meetings).
 
TERM OF OFFICE
Two years with the possibility of renewal for a second term.

ROLES AND RESPONSIBILITIES

The Treasurer will offer guidance to the CEO and Senior Manager, Finance and Administration in ensuring good fiscal planning, decision-making and oversight at a governance level.
His/her principle duties are to: 

  • oversee the development of high-level financial policies and their review by the Board;
  • ensure that the Board reviews the appropriate monthly or quarterly financial statements;
  • ensure that the Board regularly monitors the organization’s financial performance and alerts it to any important discrepancies between planned and actual figures;
  • ensure that the organization maintains the appropriate financial books and records and that these are accurate and up-to-date;
  • ensure that government tax filings and remittances are submitted on a timely basis;
  • ensure that payroll and other liabilities are settled in a timely manner;
  • serve as a co-signer of cheques with at least one other signing officer;
  • ensure that excess funds and reserves are properly held and invested;
  • verify that grants and service delivery contracts are accounted for in accordance with the requirements of funders;  meet with the external auditor annually or more often if needed, to identify any financial control and record-keeping problems or deficiencies and oversee action by the CEO and Senior Manager, Finance and Administration to address them;
  • recommend to the Board the need for a review or renewal of the auditing services provided.;
  • assist the CEO and Board Chair with the development and presentation of the annual report;
  • present or co-present the organization’s financial report and recommend appointment or reappointment of auditor at the Annual General Meeting;
  • help, along with the CEO, to keep the board informed of important financial events, trends, and issues relevant to the organization.
     


COMMITTEE MEMBERSHIP

The Treasurer is automatically a member of the Executive Committee, and normally chairs the Finance and Audit Committee.
 
QUALIFICATIONS
Commitment to the organization’s mission and strategic directions
An understanding of, and experience with, good financial management and reporting practices. A professional accounting designation is required.
An appreciation of the kind and level of financial information needed at a Board level to support decisionmaking.
An ability to commit the time required to fulfill the responsibilities described.
 
INTERESTED?
Please send a copy of your resume to Kathleen Mitchell, Board Chair at kathleen.mitchell@mnp.ca