by The Philadelphia Student Union February 5, 2020
Philadelphia Student Union Board Treasurer announcement:
The Philadelphia Student Union Board of Directors is looking for a Treasurer with experience in accounting and related financial management fields to join us. The Treasurer will work collaboratively with the finance committee to ensure the financial health of the organization.
Primary responsibilities include:
- Financial management and/or oversight – reconciling bank statements and managing cash flow. The Treasurer should be knowledgeable about who has access to the organization’s funds and any outstanding bills or debts owed. The Treasurer should create and maintain systems for ensuring the organization’s ongoing solvency and oversee the development of the organization’s financial policies. Helpful policies to consider include check signing authority, expense reimbursement, credit card usage, and petty cash policies.
- Budgets – The Executive Director is responsible for preparing or facilitating the preparation of an annual budget, alongside the support of the Treasurer to regularly monitor and compare the actual revenues and expenses incurred against such budget. The development of a budget that supports the organization’s goals and drives decision-making is an important part of an organization’s success in effectuating its mission. The budget will be reviewed and approved by the Board, however, the Treasurer should be prepared to explain and justify the document.
- Reports – Have thorough knowledge and understanding of the organization’s financial reports and important financial ratios. The Treasurer should keep the board apprised of key financial events, trends, and concerns, and assessments of the organization’s fiscal health. The Treasurer is also generally responsible for completing or ensuring the completion of required financial reporting forms (including IRS Forms) in a timely manner and making these forms available for the board’s review.
- Financial Liaison – Be able to translate financial concepts and information for board members who do not have financial backgrounds or substantial financial experience. The Treasurer should spend time learning the particulars of the organization’s finances and the applicable laws, which may include laws related to earned income and appropriate expenditures. The Treasurer can be most effective to the board when she is facilitating and encouraging the board’s strategic thinking about the short and long term financial vitality of the organization in relation to its advancement of the organization’s mission.
Ideal candidate should also:
- Have experience overseeing financial matters in a non profit setting
- Have a passion for the organization’s mission of developing the leadership of young people around education reform
Overall board member expectations
We expect that the Treasurer will join the board as voting board member and commit to the minimum committee workload, about 2-3 hours each month. Voting members of the Board are expected to attend at least 5 out of our 6 full Board meetings each year.
The Finance Committee will meet every other month and as needed.
Additionally, Board members are expected to assist in PSU’s fundraising efforts by making a yearly donation of whatever amount they are able to afford, helping to organize fundraisers, and assisting in carrying out our annual holiday appeal. The Board of Directors provides financial oversight for the organization and serves to ensure that PSU’s work and organizational structure remains consistent with its mission. PSU’s Board of Directors is covered by a directors’ and officers’ insurance policy.
Please submit the following materials to the Board Development Committee at firstname.lastname@example.org
- A letter of interest detailing why you are interested in joining the Board and what you believe you could contribute to the work we do
- A current resume/CV
Once these materials are submitted, a member of the Board Development committee will reach out to you about scheduling a meeting – either in person or via videoconference – with two current Board members and PSU Executive Director Fred Pinguel. This meeting offers us the opportunity to get to know the applicant better and to answer more detailed questions about PSU and what it means to serve on the Board. After this meeting, the full Board will review the materials and the meeting notes together to determine whether or not this is a good fit.