Treasurer Duties:
One of the main responsibilities of any nonprofit treasurer is to provide board members with timely reports about the organization’s financial status. The role of a treasurer focuses on bookkeeping and accounting, along with overseeing a financial advisor to the organization understanding the nonprofit treasurer job description and the treasurer duties in a nonprofit organization will help you decide if this is a role you’re ready to take and how to prepare for it.
Tasks:
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Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes;
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Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments;
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Develop and maintain relationships with banking, insurance, and non-organizational accounting personnel to facilitate financial activities;
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Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards;
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Monitor financial activities and details such as reserve levels to ensure that all legal and regulatory requirements are met;
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Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns;
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Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies;
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Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
Hours:
Approximately 2 hours per month. Biweekly Board of Director Meeting is held on even months and lasts an average of 1.5 hours on top of regular duties.
Qualifications and requirements:
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A bachelor’s degree or equivalent;
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Ability to identify complex problems and review related information to develop and evaluate options and implement solutions;
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Ability to use logic and reason to identify the strengths and weaknesses of alternative solutions;
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Ability to consider the relative costs and benefits of potential actions to choose the most appropriate one.
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Efficient in QuickBooks
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Experience in Board of Directors preferred
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Experience with Financial Career preferred
Competencies:
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Integrity — Job requires being honest and ethical.
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Cooperation — Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
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Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems.
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Attention to Detail — Job requires being careful about detail and thorough in completing tasks.
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Dependability — Job requires being reliable, responsible, and dependable in fulfilling obligations.
