Treasurer

The Finance Director is the chairperson of the Finance Committee and is on the EBFF and SGF Committee.

Contact Details: director_finance@itaaworld.com

General Functions

  • Oversees the entire financial operation of the Association and provides guidance to the IBOC.

Specific Functions

  • Guides the Executive Committee and the Board of Directors  in determining the annual budget

  • Provides guidance on day-to-day decisions related to the expenditure of funds according to the budget when requested by the President or the ITAA Contracted Financial Administrator

  • Consults with the President and ITAA Contracted Financial Administrator on needs that occur outside the budget

  • Helps develop proposals for the Board of Directors with regard to special needs

  • Oversees the finance committee and the EBFF & SGF Committee

  • Prepares easy-to-understand reports that interpret the financial status of the organisation to the Board of Directors

  • Assists other volunteer ITAA leaders in developing and following budgets

  • Reports quarterly to the Board of Directors and annually at the AGM to the membership on the financial status of the Association

  • Assists the Executive Committee and Board of Directors to formulate 3 to 5 year plans for use in long-range planning for the Association

  • Attends in-person and telecommunication Executive Committee and Board meetings

Selection Criteria

In addition to the general criteria, skills, and abilities mentioned in the ITAA Roles Menu, the Finance Director will:

  • Serve as a volunteer in the ITAA, on the Finance Committee
  • Have a commitment to the time necessary to fulfil the position
  • Have a background in financial management or experience in management of voluntary Associations and businesses
  • Be accessible for consultation
  • Communicate financial and policy matters effectively
  • Be able to interpret financial documents and develop financial plans
  • Preferably have strong financial training, business experience, or prior experience as a Finance Director preferably have strong financial training, business experience, or prior experience as a treasurer

NB: Given the vital nature of this role to the organisation, where a suitably qualified person is not able to be found from within the membership of ITAA, the Board of Directors may contract out this role to a suitably qualified person.