Volunteer Treasurer, Board of Directors

BOARD TREASURER
Role type: Volunteer board service | Location: Remote
Reports to: Board Chair | Time commitment: 5 hours per month
Position summary
The Board Treasurer oversees the organization's financial health, leading budget development, financial reporting, and fiscal policy compliance to ensure transparency and long-term sustainability.
Major Responsibilities
Financial Oversight & Reporting: Review regular financial statements (balance sheets, income statements, cash flow) and translate complex financial data into clear, actionable updates for the rest of the board.
Partner with executive leadership (such as the CEO or Executive Director) and staff to develop the annual budget, monitor variances throughout the year, and project long-term financial needs.
Ensure strong fiscal policies are in place to prevent fraud, safeguard organizational assets, and maintain proper insurance coverage and reserve funds.
Chair the Finance (and/or Audit) Committee, coordinate annual independent financial audits, and verify that required tax filings (such as IRS Form 990 for nonprofits) and regulatory reports are submitted accurately and on time.
Oversee the organization's banking relationships, manage signatory authority on accounts, and ensure any endowment or reserve investments align with the board’s investment policy.
Help the board evaluate the financial feasibility and ROI of new initiatives, major capital expenditures, or fundraising goals.
General Expectations
The Board Treasurer is expected to exercise strong fiduciary diligence, attend all board and finance committee meetings, and bring sound financial acumen to translate complex fiscal data for fellow directors. Additionally, they must maintain strict confidentiality, proactively identify financial risks, and actively participate in organizational fundraising and strategic planning.
Financial/Fundraising expectations
Financially support the organization annually as commensurate with one’s ability.
Time Commitment
Participate in all quarterly board meetings, which are scheduled to last approximately 2 hours.
Chair Finance Committee, meeting one hour on average per month in between full board meetings.
The total time commitment on average is approximately five hours per month.
Qualifications
Professional experience in accounting, corporate finance, banking, auditing, or financial management. CPA, CFA, or MBA preferred.
Familiarity with GAAP (Generally Accepted Accounting Principles), internal financial controls, and relevant tax compliance—such as IRS Form 990 and restricted fund accounting for nonprofits, or corporate tax and audit standards for for-profit boards.
Previous service on a board of directors or a finance/audit committee, demonstrating an understanding of fiduciary duty, conflict-of-interest policies, and the boundary between board oversight and staff management.
An unblemished ethical track record verified via background check and the capacity to commit extra hours outside regular board meetings to review financials and chair the Finance Committee.

Skills
Accounting, Auditing, Corporate Finance

Work arrangement
Yes