Role of The Treasurer
Authority: OKS by-laws Sections 9 and 9.6
Responsibilities
Ensures that there is an adequate framework of financial controls in place for operational staff to manage. This oversight role includes but is not limited to:
- Accounting and forecasting
- Payments
- Receipt of funds
- Tax compliance
- Cash management
- Confirms that the stated controls are in fact being operated
- Represents the Board in discussions with the external accountants.
- Provides financial input into the development of the Society’s objectives
- Ensures that there is financial planning that supports the achievement of the Society’s objectives
- Ensures that the Society has a fit-for-purpose process for managing risk.
Requirements
Has substantial experience in accounting and business practices
Has the ability to communicate financial information to the Board
Term
Two years
General Duties
Provides advice and oversight as needed to the Managing Director on issues of CRA compliance, financial processes and other operational financial questions including:
- Budget planning and oversight
- The annual financial review and preparation of documents for the Annual General Meeting
- Necessary financial reports are filed with external parties
- Accurate financial records are kept on file
- General roles ascribed to all Directors of the Society