Nonprofit Treasurer
A Nonprofit Treasurer is responsible for overseeing the financial affairs of a nonprofit organization, ensuring compliance with financial regulations, managing budgets, and reporting to the board of directors.
Top Articles for Nonprofit Treasurer
Sample Job Descriptions for Nonprofit Treasurer
Below are the some sample job descriptions for the different experience levels, where you can find the summary of the role, required skills, qualifications, and responsibilities.
Junior (0-2 years of experience)
Summary of the Role
The Nonprofit Treasurer is responsible for managing the financial affairs of the organization, ensuring accuracy and compliance with financial reporting and regulation. As a junior treasurer, this role serves as an introduction to financial management within the nonprofit sector.
Required Skills
- Financial record keeping
- Budget management
- Fundraising
- Compliance
- Account reconciliation
- Analytical thinking
- Problem-solving
- Attention to detail
- Communication
Qualifications
- Bachelor's degree in finance, accounting, or related field.
- Understanding of nonprofit financial management and GAAP.
- Familiarity with financial software and spreadsheet tools.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and organizational abilities.
- Basic knowledge of tax filing and compliance requirements for nonprofit entities.
Responsibilities
- Maintain accurate financial records and reporting.
- Assist with budget preparation and management.
- Process donations and manage donor information.
- Support the filing of regulatory and compliance documents.
- Collaborate with the accounting team to reconcile accounts monthly.
- Participate in financial audits and implement corrective actions if needed.
- Advise the board on financial strategy and fundraising efforts.
Intermediate (2-5 years of experience)
Summary of the Role
The Nonprofit Treasurer is a key financial position within a nonprofit organization, responsible for overseeing the management and reporting of the organization's finances. Acting as the chief financial officer, this role involves ensuring the accuracy of financial records, compliance with financial regulations, and effective management of the organization's monetary resources.
Required Skills
- Financial management and accounting
- Budgeting and financial planning
- Financial analysis and reporting
- Knowledge of current financial legislation
- Attention to detail and accuracy
- Analytical thinking and problem-solving
- Effective communication
- Strategic planning
Qualifications
- Bachelor's degree in finance, accounting, or a related field.
- Minimum of 2 years of financial management experience, preferably in a nonprofit setting.
- Proficiency with financial software and accounting systems.
- Understanding of nonprofit finance and accounting regulations.
- Experience in financial reporting and budget development.
- Exceptional organizational and leadership skills.
- Excellent communication and interpersonal skills.
- Commitment to the mission and goals of the nonprofit organization.
Responsibilities
- Developing and overseeing the financial policies and procedures of the nonprofit.
- Maintaining accurate financial records and ensuring all financial transactions are properly recorded.
- Preparing and presenting financial reports to the board of directors at regular intervals and as needed.
- Ensuring compliance with federal, state, and local financial laws and regulations.
- Working closely with the executive director and board to create and monitor the annual budget.
- Managing cash flow and forecasting financial needs and challenges.
- Overseeing the preparation and submission of annual tax returns and other required financial documents.
- Advising the board on financial strategy and fundraising efforts.
- Coordinating with external auditors for periodic financial audits.
- Safeguarding the organization's assets and ensuring internal controls are in place and effective.
Senior (5+ years of experience)
Summary of the Role
The Nonprofit Treasurer is a key member of the executive team, responsible for overseeing the organization's financial matters. They ensure financial compliance, accurate reporting, and sound fiscal management. This role requires a strategic thinker with a strong background in financial management and accounting, who is committed to the mission of the nonprofit sector.
Required Skills
- Financial Management
- Accounting
- Budgeting
- Financial Analysis
- Compliance
- Strategic Thinking
- Leadership
- Communication
- Nonprofit Sector Knowledge
- Collaboration
Qualifications
- Bachelor's or Master's degree in Finance, Accounting, or relevant field.
- Certification as a CPA (Certified Public Accountant) is preferred.
- Minimum of 5 years of financial management experience, ideally in the nonprofit sector.
- Experienced in nonprofit accounting standards and tax-exempt organization requirements.
- Proficient with financial software systems and advanced Excel skills.
- Strong knowledge of budgeting, financial reporting, and financial analysis.
- Familiarity with grant management and reporting is a plus.
- Experience managing audits and working with auditors.
- Excellent leadership and communication skills.
- Ability to work collaboratively with diverse groups of people.
Responsibilities
- Manage and oversee all financial transactions and accounting practices.
- Ensure compliance with federal, state, and local legal requirements by keeping up-to-date with existing and new legislation.
- Prepare and present financial reports to the Board of Directors.
- Develop and monitor the organization's budget, financial planning, and investment activities.
- Work closely with the executive team and Board to set financial policy and strategic direction.
- Coordinate with external auditors for annual audits and ensure the timely execution of audit activities.
- Provide financial guidance and support to other departments and programs within the organization.
- Implement financial management systems, processes, and technologies to improve efficiency and transparency.
- Safeguard the organization's assets through the implementation of internal controls and regular financial reviews.
- Facilitate financial training sessions for staff and board members as necessary.
See other roles in Education, Media, and Nonprofit and Nonprofit
Sample Interview Questions
