TREASURER JOB DESCRIPTION 

October, 2023 

The Treasurer is a member of the Board of Directors, and their primary responsibility is to oversee and manage the financial affairs of this nonprofit association. They are expected to understand and dedicate themselves to their fiduciary duty and act in the best interests of the organization at all times. 

Financial Management: 

• Manage the EIAA’s finances including budgeting, financial planning, and monitoring the organization’s activities to ensure operation is within any budgetary constraints. 

Financial Reporting: 

• Present appropriate financial reports to the Board of Directors at each Board meeting and at the Annual General Meeting. 

Internal Controls: 

• Establish proper internal controls to safeguard the organization’s assets and prevent fraud or misuse of funds. 

Compliance: 

• Ensure that the nonprofit is compliant with all relevant financial and accounting regulations, as well as legal requirements or reporting obligations specific to nonprofit organizations as required by Provincial and Federal Government authorities. 

Strategic Financial Planning: 

• Work with the Board to develop long-term financial strategies that align with the organization’s mission and goals. 

Auditing & Review: 

• May be involved in annual audits or financial reviews to ensure the accuracy and transparency of the organization’s financial statements. 

The role of the EIAA Treasurer is supported by a part-time bookkeeper who holds responsibility for the day-to-day transactions and record-keeping. The bookkeeper will be responsible for providing the Treasurer with an overview of activities as required or requested, and with any reports required for each board meeting or annual general meeting. The bookkeeper reports directly to the Treasurer and may need to communicate with the Treasurer with any questions or requirements for direction on procedures.