TreasurerThe Watchdog Of All Aspects Of Financial Management
A treasurer is the information and reference point for the management committee members. Dedication, sincerity and financial expertise are the keys to succeed in this elevated position. Skills, qualifications and the current dynamics of an organisation determine the job activities of a treasurer.
Responsibilities
Financial Oversight ďƒź Overseeing and presenting accounts, financial statements and budgets to the committee ďƒź Liaising with designated team for financial matters ďƒź Ensuring adherence to appropriate legislation
Funding, Fundraising & Sales
Advising on the company’s fundraising strategy Making sure the use of funds conforms to the set conditions Ensuring that fundraising and sales follow relevant legal guidelines
Reporting To The Board ďƒź Explaining any major divergence between the budgeted and actual expenditure ďƒź Discussing alternative courses of action to balance the discrepancy This is the most challenging duty of a treasurer. Excellent power of judgment makes the difference.
Duties Involve
Financial planning, budgeting and reporting Controlling company’s assets and stocks Banking Book-keeping and record-keeping
The safe-keeping
of a company’s funds is totally dependent on
the treasurer.
You have a big and a very crucial to play when you hold the position of a treasurer.
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