***THIS JOB VACANCY HAS NOW CLOSED***
Summary
The overall role of the Treasurer is to maintain an overview of the Charity’s affairs, safeguarding its financial viability and ensuring that proper financial records and procedures are maintained.
The role is a voluntary and honorary one and supported by the Corps Treasurer. Financial responsibility remains the joint responsibility of the whole board. The Honorary Treasurer is a board member with a particular focus on finance who can provide advice and direction to the rest of the board and sits as Chair of the REA Finance Committee.
The Responsibilities of the Treasurer
As a board member of the Association Board of Trustees, the treasurer carries the same responsibilities as a normal board member. (An overview can be found in The Essential Trustee: what you need to know, what you need to do (CC3) and is also included in the application pack for prospective trustees). The treasurer is additional asked to lead on the following responsibilities:
- Monitoring the financial administration of the Charity and keeping the Board informed about its financial duties and responsibilities.
- Ensuring the Charity has sound financial policies (including a reserves policy) and robust financial management and reporting systems in place.
- Overseeing the preparation of, and presenting, financial reports to the Board (and chairing the Finance Committee ) for each of their meetings.
- Overseeing and supporting the preparation and presentation of budgets, accounts and financial statements, as and when needed.
- Ensuring that the Charity’s financial accounts are prepared in a suitable format compliant with legal, accounting, and Charity Commission requirements, and liaising with the auditors/independent examiners as appropriate.
- Monitoring and advising on the financial viability of the charity.
- Advising on the financial implications of the Charity’s strategic plan and of any projects, activities and fundraising it may undertake.
- Assisting with the presentation of the Accounts and Honorary Treasurers Report at the Annual General Meeting and drawing attention to important points in an easily understandable way.
- Sitting as a member of the Benevolence Committee and the associated Gabriel and Kitchener fund sub committees.
Commitment
- REA Finance Committee: 2 times per year, approx 3hrs of time. Held in Chatham or remote.
- REA Benevolence Committee: 4 times per year, approx. 3hrs of time. Held in Chatham or remote
- REA Board: 3 times per year approx. 4 hours of time. Held in Chatham or remote REA AGM: 1st Saturday, October each year. Up to 3hrs. Held in London or remote
- Out of committee online meetings 3-4 times per year.
Person Specification for the Treasurer
In addition to the qualities needed by all Trustees, the Treasurer should also have the following:
- Financial Director or Management experience
- Business planning skills
- General understanding of the financial reporting requirements for charitable companies and organisations.
- Knowledge and/or understanding of Charity finance, fundraising, and the costing and marketing of services
- Skills to analyse proposals and options and examine their financial consequences
- Willingness and ability to make unpopular recommendations to the Board, when it is appropriate to do so.
Applying for the role
The REA has a standard application and recruitment process for prospective trustees, and charity officers, which will apply to all individuals interested in the role of Honorary Treasurer.
For more information please contact the Controller of the REA – chiefexecrea@rhqre.co.uk
For information on the REA please visit www.reahq.org.uk
