Position Title: Assistant Treasurer Objective: The Finance and Governance Committee member plays a pivotal role in ensuring the financial health and effective governance of the organization. This position requires a strategic thinker with a strong understanding of financial principles, governance best practices, and a commitment to transparency and accountability. The Committee member collaborates closely with the Company Secretary, Treasurer, IT manager, board of directors, and relevant stakeholders to develop and implement financial strategies, policies, and procedures that align with the organization's mission and objectives.

Key responsibilities: Strategic Financial Planning: Contribute towards the development and implementation of strategic financial plans aligned with the organization's goals and objectives. Monitor financial performance and assist preparation of regular reports to the executive team and board of directors.

Budgeting and Forecasting: Assist with the budgeting process, working closely with department heads to develop accurate and realistic budgets. Monitor budget performance and provide analysis to identify variances and opportunities for improvement. Develop financial forecasts to support long-term planning.

Financial Reporting and Analysis: Ensure timely and accurate financial reporting in accordance with regulatory requirements and organizational policies. Analyze financial data to identify trends, risks, and opportunities. Provide insights and recommendations to support decision-making processes. Supporting financial governance practices, transactional processing and reconciliations.

Risk Management and Compliance: Assess financial risks and implement strategies to mitigate them effectively. Ensure compliance with relevant laws, regulations, and accounting standards. Develop and maintain internal controls to safeguard assets and ensure financial integrity. Overseeing Committee activities including managing the risk register, delegations of authority and compliances

Audit and Internal Controls: Liaise with auditors to ensure a smooth audit process. Develop and maintain internal control processes to safeguard assets, prevent fraud, and ensure compliance with audit requirements.

Stakeholder Engagement: Collaborate with internal and external stakeholders, including finance committee members, board members, regulatory authorities, and external auditors. Build strong relationships and communicate effectively to address financial and governance-related issues. Supporting monthly Board reporting, as well as full year cashflow budgeting. Participate in Finance & Governance committee meetings (held 6-10 times per year via Teams at a regular time agreed between Committee members

Continuous Improvement: Stay abreast of industry trends, best practices, and regulatory changes related to finance and governance. Identify opportunities for process improvements and implement initiatives to enhance efficiency and effectiveness.

Key skills and qualifications:

Bachelor's degree in finance, accounting, business administration, or a related field; advanced degree or professional certification preferred.

Proven experience in financial management, budgeting, and financial reporting, ideally in a leadership role within a nonprofit organization or similar setting.

Strong understanding of governance principles, nonprofit law, and regulatory compliance requirements.

Excellent communication, interpersonal, and leadership skills, with the ability to engage and influence stakeholders at all levels.

Analytical mindset, with the ability to interpret financial data, identify trends and insights, and make data-driven recommendations.

Commitment to diversity, equity, and inclusion, with a demonstrated ability to work effectively with individuals from diverse backgrounds and perspectives.

Familiarity with Xero accounting software and BAS reporting are a plus.