Treasurer (Pro Bono)

THE ROLE

All Board directors of an organisation are ultimately responsible for the financial integrity and well-being of an organisation. The Treasurer however is particularly charged with and responsible for the financial oversight and strategy, reporting on financial matters to the Board and ensuring transparency and trust with the fundraising.

The role oversees the financial management and reporting of the operations, ensuring sound fiscal practices are maintained and reviewed and advising the board on financial strategy to maintain sustainability and compliance with legal requirements.  The role also requires that the Treasurer develops and maintains processes to ensure donor funds are handled ethically and appropriately.  In addition, the Treasurer will support and work with the Board to achieve the business goals and KPIs of the Trust.

KEY RESPONSIBILITIES:

• Oversee all financial high-level matters including viability, strategy, budgeting, accounting, and reviewing and improving financial reporting and bookkeeping practices.
• Ensure the Bookkeeper/accounting coordinator, maintains accurate financial records and ensure proper bookkeeping, including bank reconciliations and tracking income/expenditure are being carried out, ensuring transparency and informed decision-making.
• Oversee the bookkeeper/accounting coordinator’s preparation and presentation of the financial reports to the board at meetings and AGM’s.
• Advise the board on financial strategy, risks, and funding opportunities.
• Work with the Company Secretary and Public Officer, on ensuring compliance with regulatory requirements and timely submission of financial reports to the various regulatory bodies.
• Support fundraising activities by providing advice on financial aspects of grant applications, fundraising campaigns, impact investing, philanthropy and sponsorships.
• Safeguarding assets: Implement and maintain internal controls to protect the Trust’s financial assets by managing and mitigating risk.
• Preparing and monitoring budgets: Work with the bookkeeper/accounting coordinator and board to create the annual budget, track financial performance against the budget, and flag any issues or variances throughout the year.

OTHER RESPONSIBILITIES:

• Assist executive team and Board directors with financial guidance related to the activities of the Trust and financial responsibilities which may include workshops and professional development.
• Board Engagement & Education: Ensure that all board members understand the organisation’s financial position and key issues, fostering informed discussion and collective decision-making.
• Participate actively in board meetings and drive strategic financial planning with office bearers and executive.

SKILLS AND QUALIFICATIONS:

• Accounting qualifications with a minimum of 10 years’ experience, including with not for profits, and/or live venues, theatres, arts and cultural exposure.
• Financial literacy – Ability to interpret financial statements and explain financial information clearly to non-financial stakeholders.
• Strong organizational and communication skills and attention to detail.
• Familiarity with Xero accounting software would be beneficial

TIME COMMITMENT:

Attend regular monthly Board or Finance committee meetings on site at 5 Eliza St Newtown. (2 hours).

Read and review Board papers or committee papers and adopt a position on key matters (3 hours)

Participate in meetings on financial matters and occasional additional meetings with staff or external accountants. (2 hours).

Lead budgeting sessions and reviews and associated work (3 hours)

Estimated average total of 10 hours per month depending on organisational needs.