Treasurer for the Board of Directors - Executive Volunteering Opportunity

ACCESS INDEPENDENT LIVING SERVICES; Toronto; On-site; CAD 50,000 - 70,000; Full time

Job summary

A not-for-profit organization in Toronto is seeking a Treasurer to oversee financial performance and assist in budget preparation. This role requires strong accounting skills and an understanding of the not-for-profit sector. The ideal candidate will ensure compliance with financial reporting practices and guide the Organization towards meeting its strategic objectives.

Qualifications

• Experience in the not-for-profit sector, including knowledge of funding models essential.
• Strong financial management and reporting practices required.
• Time commitment to fulfill responsibilities must be ensured.

Responsibilities

• Guide the Executive Director on fiscal planning and oversight.
• Support preparation and presentation of the annual budget.
• Audit financial statements monthly and quarterly.

Skills

Understanding of not-for-profit sector

Solid accounting skills

Knowledge of financial management

Ability to commit time

Education

Professional accounting designation

Job description

Overview

The Board Treasurer is an executive and voting member of the Board of Directors of Access Independent Living Services, and appointed in a manner consistent with the bylaws. As Treasurer, you will lend your financial expertise to Access Independent Living Services to oversee and monitor the Organization’s financial performance, supervise its financial condition, and report on it to the Board. You will contribute to policy development, setting priorities in programming and services, and ensuring that the organization meets its strategic objectives. As Treasurer, you will be accountable to the Board of Directors for the fulfillment of the duties and responsibilities outlined below.

Responsibilities

• Offer guidance to the Executive Director and financial consultant to ensure good fiscal planning, decision-making, and oversight at a governance level.
• Provide support in the preparation, development, and presentation of the annual budget to the Board for review.
• Audit financial statements on a monthly and quarterly basis and present them to the Board for review.
• Ensure that the Organization maintains accurate and legal accounting records and practices, as required by applicable laws.
• Ensure that systems of internal controls are observed by the Organization.
• Ensure that payroll and other liabilities are settled in a timely manner.
• Ensure that excess funds and reserves are properly held and invested.
• Meet with the external auditor annually, or as needed, to identify any financial control and record-keeping deficiencies, and oversee action by Executive Director and / or finance consultant to resolve them.
• Contribute to the development and enforcement of financial policies.
• Analyze financial results and performance of the Organization.
• Provide input into the Organization’s strategic plan.
• Approve expenditures exceeding the defined limit.
• Serve as a signing authority and do not unreasonably withhold such authority.
• Participate in fundraising activities.
• Perform other duties as may, from time to time, be assigned by the Board of Directors.
• Educate other Board Members about how to read and understand financial information.

Qualifications

• Good understanding and knowledge of the not-for-profit sector, including funding models.
• Solid accounting skills with a good understanding of financial management and reporting practices.
• Ability to commit to the time required to fulfill the responsibilities as described.
• A professional accounting designation is an asset.
• Previous experience working within an Independent Living Philosophy model is an asset.