best practices program


SAMPLE JOB DESCRIPTION FOR
TREASURER

As an officer of the NPC, the treasurer must have in-depth knowledge of the mission and programs of the organization as well as its financial condition.  The treasurer bears special responsibility for ensuring that the organization is financially sound and that its assets are being used effectively to meet its tax exempt purpose.  The treasurer also must ensure that the board as a whole fulfills its fiduciary responsibilities.

In addition, the treasurer must:

  • Have an understanding of financial accounting for nonprofit organizations.

  • Serve as the officer of the organization most directly responsible for its financial affairs and accounting as well as its internal and external financial reporting.

  • Chair the finance committee.

  • Manage fulfillment of the board's financial responsibilities.

  • Ensure that appropriate financial reports (i.e., IRS Form 990, audit and annual report to VA) are filed and available to the board in a timely manner.

  • Review with the executive director and/or chief financial officer projected income and expenses and assist with preparing and presenting the annual operational budget for full board review and approval.

  • Review with the executive director and chief financial officer all financial policies and procedures (including internal controls and investments) and ensure their compliance with federal, state, local, and VA requirements.

  • Review the annual audit and ensure that board members' questions are addressed; ensure that any adverse audit findings are addressed promptly.

  • With the executive director, bring to the attention of the full board financial issues in need of resolution.

  • Have candid conversations with the executive director and auditors regarding any potential problems or areas of deficiencies.

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last updated: 01/04/10

 

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