Job title: Treasurer
Reports to: Chair of Trustees
Location: Board meetings take place at the head office in London, SE1 7QD
Role type: Voluntary – expenses to be provided
Key skills required: Finance, Strategy and Governance, Fundraising, Legal, Risk.
Time commitment: Five board meetings and four Finance, Audit and Risk Committee meetings per year, as well as attendance at fundraising events where possible.
Overall purpose of the role
- Chair the Finance, Audit and Risk committee and work with and advise the board to ensure the financial viability of the charity and that it can deliver on the goals of its strategic plans. - - Ensure that financial information is effectively communicated to the board of trustees
- To work with board colleagues to ensure that the charity complies with its legal and regulatory requirements and good corporate governance, including compliance of the annual financial statements with the current Charities SORP (statement of recommended practice).
- Building relationships with board colleagues and the executive team that are conducive to providing robust oversight of the charity’s operations and objectives.
- Chair the Finance, Audit and Risk Committee.
- Act in the best interest of the present and future beneficiaries.
Budgeting and strategic financial planning
- Work with board colleagues to oversee the long term financial management and viability of the charity, including monitoring and reporting regularly on financial matters.
- Suggest alternative scenarios while evaluating strategic plans as a part of the risk management process and as a part of performance and reporting scenarios.
- Create greater transparency and accountability to improve resource allocation and the charity’s image by adding specific measures as per SORP guidelines.
- Ensure a high standard of management accounting is maintained in order to safeguard assets.
- Liaise with the Finance Director, senior management team and trustees to ensure management accounts are produced regularly.
Statutory Financial Reporting
- Board level liaison with external auditors on specific issues in the auditing process and related board representations.
- Liaise with the Finance Director, senior management team and trustees to ensure statutory accounts comply with legal and regulatory requirements.
- Work with 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.
- Work with board colleagues to develop a reserves policy and safeguard the organisation’s finances.
- Keep the board regularly informed of the free reserves position and provide advice to cope with changing circumstances.
- Work with the board to ensure proper accounting records are kept, financial resources are controlled, invested and utilised in line with governance, legal and regulatory requirements. -
- Advise on the financial implications of the Greater London Fund for the Blind’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.
- Commitment to upholding the values and ethos of the Greater London Fund for the Blind.
- An understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship.
- A commitment to dedicate the necessary time and effort to the role. Good communication and interpersonal skills.
- Able to speak their mind, while also demonstrating tact and diplomacy, where required.
- Experience of committee work and of working as part of a team.
- Demonstrates impartiality, fairness and the ability to respect confidences.
Skills and Experience
- Qualified accountant or analogous demonstration of commercial awareness and knowledge. - Knowledge of charity SORP and impending changes.
- 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.
- 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, and experience of fundraising.
- A team-oriented approach to problem solving and to management.
How to Apply
Application will be by way of CV and a supporting statement covering why you would be interested in the position and what professional and personal experience you feel that you could add to the Greater London Fund For The Blind’s board as their Treasurer.