Board Financial Officer (Treasurer)
Accountability
The board financial officer is an appointed officer and voting member of the board of directors of Tandem Community Birth Center and Postpartum House, Inc (“Tandem”), a registered 501(c)(3) nonprofit. They are accountable to the Board for the fulfillment of the duties and responsibilities as described in Tandem’s bylaws and outlined below.
Authority
The financial officer, as other board members, has no authority to direct staff or take independent action on matters outside of the duties outlined unless given such authority by the Board.
Time Commitment
Ten hours per month (board meetings, meetings with the executive director, committee meetings).
Terms of Office
Three years with the possibility of renewal for a second term.
Roles and Responsibilities
The financial officer will offer guidance and oversight to the executive director to ensure good fiscal planning, decision-making and oversight at a governance level.
Their principle duties are to:
- Oversee the development of high level financial policies and their review by the board
- Assist in the preparation of the annual budget and its presentation to the board for review
- Ensure that the appropriate monthly or quarterly financial statements are reviewed by the board
- Ensure that the board regularly monitors the organization’s financial performance and alerts it to any important discrepancies between planned and actual figures
- Ensure that the organization maintains the appropriate financial books and records and that these are accurate and up-to-date
- Ensure that government tax filings and remittances are submitted on a timely basis
- Ensure that payroll and other liabilities are settled in a timely manner
- Ensure that excess funds and reserves are properly held and invested
- Verify that donations are handled appropriately and that grants and service delivery contracts are accounted for in accordance with the requirements of funders
Please contact Julie if you are interested in this opportunity at julie@tandembloomington.org.
