At a Glance
- Tasks: Oversee financial health, manage accounts, and present reports to the committee.
- Company: Join the Friends of Watford Museum, a vibrant community passionate about local history.
- Benefits: Gain valuable experience in financial management and community engagement.
- Other info: Flexible commitment of 2-4 hours per week with opportunities for growth.
- Why this job: Make a real impact on preserving Watford's history while developing your financial skills.
- Qualifications: Numerical skills, bookkeeping experience, and a collaborative spirit are essential.
The predicted salary is between 32833 - 38000 £ per year.
This is a vital role to ensure financial sustainability, transparency and compliance overseeing the financial affairs of the Friends.
Key Responsibilities
- General Financial Oversight: Monitor the financial health of the Friends, including income, expenditure, and assets.
- Banking and Cash Handling: Manage the bank account, including paying in money promptly (ideally within one week of receipt), managing online banking, and overseeing floats for events.
- Book-keeping and Records: Maintain accurate, up-to-date records of all transactions, keeping receipts, invoices, and bank statements for at least 6 years.
- Financial Reporting: Present financial reports to the committee at regular meetings and prepare the annual report for the Annual General Meeting (AGM).
- Budgeting and Planning: Collaborate with the committee to create an annual budget and assist with fundraising strategies.
- Regulatory Compliance: Arrange independent examination/audit of accounts.
- Asset Management: Ensure proper records of assets and adequate insurance coverage.
Skills & Experience
- Good numerical and literacy skills.
- Experience with bookkeeping and financial spreadsheets (i.e. Excel).
- Understanding of financial management and budgeting.
Attributes
- Trustworthy, honest, and reliable, with a high level of integrity.
- Organised and methodical with strong attention to detail.
- Confident in presenting financial data to a non-financial audience.
- A collaborative spirit to work closely with the committee.
Commitment
- Time: Approximately 2‑4 hours per week.
- Attendance at regular committee meetings.
- Ad Hoc: Availability for ad hoc tasks such as paying invoices or counting cash after events.
Role Specifics
- Includes acting as an officer, depending on the constitution.
- Requires close collaboration with other committee members.
Best Practice
- Dual Authorisation: Ensure at least two unrelated signatories are required for bank transfers or cheque payments.
- Cash Handling: Do not keep large amounts of cash at home; bank it promptly, ideally within one week.
- Independence: Have the accounts independently examined each year by someone not involved in the day‑to‑day finances.
Key Relationships
- Chair: Close working relationship to provide support and acting as deputy in their absence.
- Secretary: Working closely to ensure proper administration.
- Committee: Supporting fellow committee members.
Terms of Office
- Typically, the role is for a fixed term (3 years), often with the option for re-election to ensure continuity while encouraging fresh input.
The Friends of Watford Museum was set up in 1998 and their aims are: Being a vibrant, diverse community for people particularly interested in Watford’s history, and the associated themes covered by the Museum’s collection, to socialise and feel part of a group and the Museum. Advocates for the Museum within the community. Fundraising for the Museum to assist with the acquisitions, events, paid work experience placements etc. Hosting talks on topics related to the collections' areas of the Museum. The Friends of Watford Museum is run independently by a committee elected at an annual meeting. The cost of running the Friends is met by subscriptions and donations.
Treasurer in Watford employer: DeedMob B.V
The Friends of Watford Museum is an exceptional employer, offering a unique opportunity to contribute to the preservation and promotion of local history while fostering a vibrant community spirit. With a commitment to transparency and collaboration, employees can expect a supportive work culture that values integrity and encourages personal growth through active participation in committee activities. This role not only provides meaningful engagement with the community but also offers flexible hours, making it ideal for those seeking a rewarding volunteer experience in a culturally rich environment.
StudySmarter Expert Advice🤫
We think this is how you could land Treasurer in Watford
✨Connect with Local Charities
Reach out to local charities or non-profits that deal with financial literacy or economic empowerment. Many of these organisations look for volunteers with a banking background, and it’s a great way to get hands-on experience while giving back to your community.
✨Get Involved in Financial Services Events
Keep an eye out for financial seminars, workshops, or meetups in your area. These events often welcome volunteers and are a fantastic way to network with industry professionals. Plus, you might just learn something new while you’re at it!
✨Leverage School Resources
If you're still studying, tap into your university's career services. They often have partnerships with banks and financial institutions for volunteer opportunities, and can guide you to volunteer roles that complement your studies.
✨Showcase Your Commitment
When you’re volunteering, treat it like a mini-internship! Network with those in the industry, ask questions, and highlight your volunteer experience on platforms like LinkedIn. This not only enhances your profile but shows potential employers that you’re proactive and committed. And don’t forget: check out our website and apply directly for any volunteer roles that pop up at DeedMob B.V!
We think you need these skills to ace Treasurer in Watford
Some tips for your application 🫡
Show Your Passion for Finance!:When applying for a volunteer role in banking and financial services, it’s key to express your enthusiasm for the industry in your cover letter. Highlight any relevant coursework, personal projects, or community involvement that showcases your interest and dedication to finance.
Quantify Your Experience:Even if you don’t have formal work experience, think about any finance-related activities you've participated in. Use concrete figures or examples of your successes, like organising a fundraising event or managing a budget for a school project. This is a great way to demonstrate your financial skills.
Tailor Your CV for the Role:Make sure to tailor your CV for the banking sector. Include any relevant courses, finance competitions, or certifications you’ve completed. Emphasise skills like analytical thinking and attention to detail, which are super important in this field.
Keep It Short and Sweet:Volunteering roles generally receive a lot of applications, so keep your application concise. Highlight your most relevant experiences and motivations in a clear manner. If you’re applying through our website, follow the instructions carefully to make sure you stand out from the crowd!
How to prepare for a job interview at DeedMob B.V
✨Brush Up on Financial Regulations
Given that you're looking at a role in banking and financial services, it's super important to have a solid understanding of the key regulations and compliance issues in the industry. Make sure you’re familiar with terms like AML (Anti-Money Laundering) and KYC (Know Your Customer) as they often come up in volunteer positions.
✨Show Your Enthusiasm and Eagerness to Learn
Since this is a volunteer role, they’ll be keen on your motivation. Be ready to convey your passion for finance and how you’re eager to learn from experienced professionals at DeedMob B.V. Share any relevant projects or coursework that demonstrate your initiative in this field.
✨Prepare for Scenario Questions
Expect some practical questions where they'll assess your critical thinking and problem-solving skills. They might present you with a hypothetical situation regarding customer financial issues and ask how you'd handle it – be ready to think on your feet!
✨Bring Evidence of Your Skills
Even though it's a volunteer position, don’t shy away from discussing any relevant experience that showcases your financial acumen, like coursework, projects, or even certifications. Prepare a brief portfolio to illustrate your competencies and how you can contribute to DeedMob B.V.
