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- Tasks: Monitor charity finances, oversee budgeting, and report to the Board.
- Company: A dedicated charity focused on making a positive impact.
- Benefits: Gain valuable experience in finance and governance while supporting a good cause.
- Other info: Voluntary role with flexible commitment and opportunities for personal growth.
- Why this job: Make a real difference by managing finances for a charity you believe in.
- Qualifications: Qualified accountant with strong communication and analytical skills.
Role Summary
Monitor the financial standing of the charity and report to the Board and CEO regarding cash-flow forecasting, income streams, out-going expenses and the overarching strategic management of the organisation’s financial resources. Oversee the charity’s financial risk-management process and report financial health to the board of trustees at regular intervals. Act as a counter signatory on cheques and applications to funders and ensure that annual accounts are submitted to all relevant regulators in a timely fashion. Liaise with external auditors on financial issues and ensure that the organisation's finances are responsibly managed/invested for the betterment of the organisation’s work and for the beneficiaries it serves. Understand this is a voluntary post.
Main Responsibilities of the Treasurer
- In relation to Finance
- Budgeting and strategic financial planning: Ensure all strategic plans are financially appraised and budgets are aligned to both short-term and long-term objectives each year. Oversee planning/budgeting processes in participation with the Board and constructively challenge where required. Suggest alternative scenarios while evaluating strategic plans as a part of the risk management process and as a part of performance and reporting scenarios.
- Management Reporting: Ensure a high standard of management accounting is maintained in order to safeguard assets.
- Statutory Financial Reporting: Board level liaison with external auditors on specific issues in the auditing process and related board representations. Guide and advise fellow trustees to formally approve the annual report and audited accounts. Explain technicalities of accounts in plain language which is fully understood by the trustees.
- Reserves Policy: Develop reserves policy and safeguard the organisation’s finances. Keep the board informed of free reserves position regularly and advise to cope with changing circumstances.
- Lead the Board’s duty to ensure proper accounting records are kept, financial resources are controlled, invested and economically spent in line with governance, legal and regulatory requirements. Chair finance committees in line with standing orders and terms of reference and report findings/developments back to the Board of trustees. Advise on the financial implications of the charity’s strategic plans and oversee the charity’s financial risk-management process. Lead in the development and implementation of financial reserves, cost management and investment policies.
Person Specification
- Essential
- Qualified accountant with demonstrated commercial awareness and knowledge.
- Competent use of IT skills.
- Proven ability to communicate and explain financial information to members of the Board and other stakeholders.
- Analytical and evaluation skills, demonstrating good judgement.
- Understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship.
- Good communication and leadership skills.
- Demonstrated knowledge and experience of charity fundraising and finance practices.
- Dedicated to the organisation’s cause and objectives and willing to act as the charity’s ambassador to external bodies, charities and companies.
- Skills and experience in one or more areas of non-executive governance and management e.g. strategic planning, business management, financial/accountancy, understanding of HR issues, experience of Trusts or other grant-giving bodies particularly fundraising and legal problem-solving team-oriented approach to problem-solving and to management.
Time Commitment
The Board meets at least 4 times a year and the finance trustee is expected to be available at least 3 times in a year. If unable to attend they must make arrangements. You will be a member of a sub-committee which will meet 2 times in a year. Attendance at award meetings or fundraising meetings is optional.
Finance Trustee in Leeds employer: Strength Restored
Contact Detail:
Strength Restored Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Trustee in Leeds
✨Tip Number 1
Network like a pro! Reach out to your connections in the charity sector and let them know you're on the lookout for a Finance Trustee role. You never know who might have the inside scoop on opportunities or can put in a good word for you.
✨Tip Number 2
Get involved in local charity events or workshops. This not only boosts your visibility but also shows your commitment to the cause. Plus, it’s a great way to meet potential board members and other trustees who can help you land that role.
✨Tip Number 3
Don’t underestimate the power of social media! Follow charities you’re interested in and engage with their posts. This can help you stay updated on their needs and show your enthusiasm for their mission, making you a more attractive candidate.
✨Tip Number 4
Apply through our website! We’ve got a dedicated section for volunteer roles, including Finance Trustee positions. It’s the best way to ensure your application gets seen by the right people and shows you’re serious about joining the team.
We think you need these skills to ace Finance Trustee in Leeds
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your application to highlight how your skills and experience align with the role of Finance Trustee. We want to see how you can contribute to our financial oversight and strategic planning!
Showcase Your Financial Savvy: Don’t hold back on demonstrating your financial expertise! Use clear examples from your past experiences that showcase your ability to manage finances, communicate complex information, and lead financial discussions.
Keep It Clear and Concise: We appreciate clarity! Make your application easy to read by using straightforward language and avoiding jargon. Remember, we want to understand your qualifications without getting lost in technical terms.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity to make a difference!
How to prepare for a job interview at Strength Restored
✨Know Your Numbers
As a Finance Trustee, you’ll need to demonstrate your financial acumen. Brush up on key financial metrics relevant to charities, such as cash-flow forecasting and income streams. Be ready to discuss how you would approach budgeting and strategic financial planning.
✨Communicate Clearly
You’ll be explaining complex financial information to the Board and other stakeholders. Practice breaking down technical jargon into plain language. This will show that you can make financial concepts accessible to everyone, which is crucial for effective governance.
✨Show Your Strategic Thinking
Prepare examples of how you've previously evaluated strategic plans or managed financial risks. Think about alternative scenarios you might suggest in a budgeting process. This will highlight your analytical skills and ability to challenge constructively.
✨Demonstrate Your Commitment
Since this is a voluntary position, it’s important to convey your dedication to the charity’s cause. Share any relevant experiences that showcase your passion for charitable work and how you can act as an ambassador for the organisation.