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- Tasks: Manage finances and support local youth through budgeting and reporting.
- Company: Hitchin Youth Trust is a charity dedicated to empowering young people.
- Benefits: Gain valuable experience in finance while making a positive impact on the community.
- Why this job: Join a passionate team and help shape the future for local youth.
- Qualifications: No specific qualifications required, just a passion for finance and youth support.
- Other info: Opportunity to work closely with an Investment Committee and develop financial skills.
The predicted salary is between 36000 - 60000 £ per year.
Hitchin Youth Trust is looking for a Treasurer to work with our paid Administrator to manage payments to support local young people.
Detailed Description
- Maintain adequate financial records in accordance with any financial controls imposed upon us.
- Ensure regular reporting of Income and Expenditure to fellow Trustees.
- Introduce any budgetary controls that may be necessary.
- Produce annual statement of accounts in association with the external auditors, which are required by any governing body (e.g., Charity Commission).
- Ensure that in the Treasurer’s absence, a deputy is available to continue to maintain the accounts on a regular basis.
- Ensure all Banking and associated Custody procedures are adequate.
- Ensure sufficient funds are available to enable all invoices and grants to be paid promptly.
- Communicate with our Investors (currently UBS) so money is invested and drawn down in a prompt manner as and when required.
- Ensure adequate controls are in place for any financial transactions that are transacted on behalf of the Hitchin Youth Trust.
- Any risk identified will be reported to the Chairman.
- Ensure that any employee of the Hitchin Youth Trust is promptly paid and all appropriate records maintained.
- Ensure that any committees of the Hitchin Youth Trust are given adequate financial information/reports that are needed by them to perform their function.
- The Hon Treasurer should also be a member of the Investment Committee and work closely with him/her to provide the necessary information to propose budgets to the main board.
- To liaise with the Investment Committee Chairman to make sure the correct reports and information are received by our Investment Managers and given to the Trustees as appropriate.
- Maintain a Risk Register to highlight potential risks to the Trust and log and review them on the Risk Register (Investment Section).
Hitchin Youth Trust is a Registered Charity whose aim is to support activities for young people up to the age of 26.
Honorary Treasurer employer: DeedMob B.V
Contact Detail:
DeedMob B.V Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Honorary Treasurer
✨Tip Number 1
Familiarise yourself with the financial regulations and reporting requirements specific to charities in the UK. Understanding these will not only help you in the role but also demonstrate your commitment and knowledge during any discussions.
✨Tip Number 2
Network with current or former treasurers of similar organisations. They can provide valuable insights into the role and may even offer advice on how to approach your application and interview.
✨Tip Number 3
Prepare to discuss your experience with budgeting and financial management in detail. Be ready to share specific examples of how you've successfully managed finances in previous roles, as this will be crucial for the position.
✨Tip Number 4
Show your passion for supporting young people in your conversations. The Hitchin Youth Trust is focused on community impact, so expressing your enthusiasm for their mission can set you apart from other candidates.
We think you need these skills to ace Honorary Treasurer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Honorary Treasurer position. Familiarise yourself with financial management practices relevant to charities and how they apply to the Hitchin Youth Trust.
Tailor Your CV: Highlight your financial expertise and any relevant experience in managing budgets or accounts. Be specific about your previous roles and how they relate to the tasks outlined in the job description.
Craft a Compelling Cover Letter: In your cover letter, express your passion for supporting young people and your commitment to the values of Hitchin Youth Trust. Mention specific examples of how your skills can contribute to their financial management and reporting.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial for a Treasurer role.
How to prepare for a job interview at DeedMob B.V
✨Know Your Numbers
As an Honorary Treasurer, you'll need to demonstrate a solid understanding of financial records and reporting. Brush up on your knowledge of income and expenditure statements, budgeting controls, and how to maintain accurate financial records.
✨Familiarise Yourself with the Charity Sector
Understanding the unique challenges and regulations of the charity sector is crucial. Research Hitchin Youth Trust and similar organisations to show your commitment and insight into their operations and financial responsibilities.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in financial management. Prepare examples of how you've handled financial discrepancies or implemented budgetary controls in previous roles.
✨Highlight Your Communication Skills
As the Treasurer, you'll need to communicate effectively with Trustees and external auditors. Be ready to discuss how you’ve successfully communicated complex financial information to non-financial stakeholders in the past.
