At a Glance
- Tasks: Oversee financial management and ensure transparency for a charity making a difference.
- Company: Compass Advocacy Network Ltd, dedicated to impactful advocacy work.
- Benefits: Gain valuable experience in governance and financial leadership while supporting a meaningful cause.
- Other info: Flexible commitment with opportunities for personal and professional growth.
- Why this job: Make a real impact on the charity's financial health and strategic direction.
- Qualifications: Strong financial management skills and a passion for charity work.
The Treasurer oversees financial management, ensuring transparency, viability, and governance of the charity. Responsibilities include strategic financial leadership, financial reporting, compliance, risk management, and investment oversight.
Assist in shaping and advising on the charity’s overall strategy, with particular emphasis on financial sustainability and resource allocation. Ensure that the charity has adequate financial resources to meet its strategic goals and objectives. Work closely with the Board, Finance Manager and Senior Management Team to assess financial risks and opportunities, providing strategic guidance to maintain financial health.
- Financial Oversight and Reporting: Ensure that accurate and comprehensive financial reports, including budgetary and cash flow statements, are presented to the Board regularly, ensuring that Board members have a clear understanding of the financial health of the organisation. Work in close collaboration with the Finance Manager to ensure effective execution of the charity’s financial responsibilities.
- Governance and Financial Compliance: Regularly review the charity’s financial policies and procedures, including the appointment of external auditors and other financial advisors. Act as Chair of the Finance and Governance Sub-Committee, leading discussions on financial matters and ensuring robust decision‑making processes.
- Investment and Asset Management: Ensure that the charity maintains an appropriate reserves policy, balancing financial security with investment opportunities.
- Auditing and Risk Management: Ensure that the organisation’s financial practices comply with all statutory and regulatory requirements, including financial reporting, tax compliance, and donor reporting. Provide guidance on risk management strategies, helping to identify and mitigate financial risks to the organisation.
- Board Collaboration and Performance: Provide financial guidance and support to fellow Trustees, ensuring financial information is clear and accessible for all Board members. Assist in the appraisal of the Chair, working with the Vice Chair to consult with other Trustees and executives in the process. Contribute to the general governance and leadership responsibilities of the Board, including contributing to the development of strategies, policies, and targets for the organisation. Contribute actively to the Board’s role in giving strategic direction to the charity, setting policies, defining goals, and evaluating performance. Ensure that the charity’s resources are used effectively and exclusively to pursue its objectives. Safeguard the reputation and values of the organisation, upholding its ethical and charitable mission. Declare any conflicts of interest and maintain integrity in all Board duties. Be collectively responsible for decisions made by the Board and ensure the charity is compliant with all relevant legislation. Participate in additional tasks and committees as necessary, such as recruitment, fundraising, and advocacy. Stay informed on the charity’s activities and the external environment impacting its work.
Person Specification:
- Financial Expertise: Strong understanding of financial management, including accounting, budgeting, investments, and financial reporting. Experience in charity or non‑profit finance is preferred.
- Governance Knowledge: An understanding of governance, charity law, and financial compliance.
- Strategic Thinking: Ability to contribute to the development of long‑term financial strategies and risk management plans.
- Leadership and Communication: Effective leadership skills, capable of working collaboratively with other Board members and executive staff, and able to clearly communicate complex financial information.
- Commitment to the Organisation’s Mission: Passionate about the charity’s work and committed to its values and objectives.
Term and Commitment:
- Term Length: The Treasurer serves a term of three years, with the possibility of re‑election for a second term.
- Time Commitment: Attendance at approximately 6–10 Board meetings annually, including Finance and Governance Sub‑Committee meetings. Preparation time and availability for consultation between meetings will also be required.
Voluntary Role: The Treasurer role is unpaid, but reasonable expenses incurred in the course of duties will be reimbursed.
Voluntary Treasurer – Compass Advocacy Network Ltd employer: Strictlyboardroom
Compass Advocacy Network Ltd is an exceptional employer for those seeking to make a meaningful impact in the charity sector. With a strong commitment to transparency and governance, the organisation fosters a collaborative work culture that values strategic financial leadership and offers opportunities for personal and professional growth. As a Voluntary Treasurer, you will play a crucial role in shaping the charity's financial sustainability while working alongside dedicated Board members and management, all within a supportive environment that prioritises ethical practices and community advocacy.
StudySmarter Expert Advice🤫
We think this is how you could land Voluntary Treasurer – Compass Advocacy Network Ltd
✨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 opportunities. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Get involved in relevant events or workshops. This not only boosts your knowledge but also helps you meet potential collaborators or employers. Plus, it shows your commitment to the cause!
✨Tip Number 3
Don’t shy away from showcasing your skills! Prepare a portfolio or a presentation that highlights your financial expertise and governance knowledge. This will help you stand out when you get the chance to chat with decision-makers.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing passionate candidates who are eager to contribute to our mission.
We think you need these skills to ace Voluntary Treasurer – Compass Advocacy Network Ltd
Some tips for your application 🫡
Show Your Passion:When writing your application, let your enthusiasm for the charity's mission shine through. We want to see that you're genuinely excited about making a difference and how your skills can contribute to our goals.
Be Clear and Concise:Keep your application straightforward and to the point. We appreciate clarity, so make sure you highlight your financial expertise and relevant experience without unnecessary fluff. This helps us understand your fit for the role quickly.
Tailor Your Application:Make sure to customise your application to reflect the specific responsibilities and requirements mentioned in the job description. We love seeing how your unique background aligns with what we're looking for in a Treasurer.
Apply Through Our Website:Don't forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved.
How to prepare for a job interview at Strictlyboardroom
✨Know Your Numbers
Before the interview, brush up on your financial management skills. Be ready to discuss your experience with budgeting, financial reporting, and compliance in detail. This role requires a strong understanding of charity finance, so having specific examples from your past work will really help you stand out.
✨Understand Governance and Compliance
Familiarise yourself with charity law and governance practices. Be prepared to talk about how you've ensured compliance in previous roles. Showing that you understand the importance of these aspects will demonstrate your commitment to the charity's mission and values.
✨Strategic Thinking is Key
Think about how you can contribute to the charity’s long-term financial strategies. Prepare to discuss any past experiences where you’ve had to assess financial risks and opportunities. This will show that you can provide valuable strategic guidance to the Board.
✨Communicate Clearly
Practice explaining complex financial information in simple terms. The ability to communicate effectively with fellow Trustees and staff is crucial. During the interview, aim to convey your ideas clearly and confidently, ensuring everyone understands your perspective on financial matters.
