The Treasurer provides
leadership and direction to the Board on the financial
affairs of LCN. The Treasurer’s specific duties include
presenting regular financial reports to the Board, assisting
the Board in the review and approval of annual budgets,
supervising the annual audit in collaboration with senior
staff, and provide general advice and direction to the Board
on the long-term financial sustainability of LCN.
Role & Responsibilities:
The specific responsibilities of the Treasurer are as
follows:
Presentation and Interpretation of Financial Statements
- Present monthly and/or quarterly financial
statements to the Board and/or the Executive Committee
as required;
- Assist the Board or Executive Committee members to
interpret financial statements and to be properly aware
of the financial position of LCN at all times;
Compliance
- Ensure compliance by LCN with all relevant policies
and procedures governing best practices in financial
management and accountability;
- Ensure that signing authorities, banking documents,
and other financial authorities are up-to-date and
properly executed;
- Ensure that LCN complies with all legal and
regulatory requirements governing the financial affairs
of non-profit societies in Lesotho;
Donor Relations
- On behalf of the Board, maintain current knowledge
of LCN’s major donors and funding partners;
- Assist in the preparation of reports or other
correspondence as may be required by donors or funding
partners;
- Participate in meetings and discussions with donors
and funding partners when required and as appropriate;
Resource Mobilization
- Work with the Executive Director and the Finance &
Administration Manager to maintain an appropriate level
of funding for LCN aligned to the strategic plan and
such other plans or policies that LCN may from
time-to-time approve;
- Participate in the development and implementation of
resource mobilization strategies;
Audit
- Ensure an appropriate selection of auditors as
detailed in the Constitution and such other policies and
procedures that may apply;
- Participate, as required, in the planning and
implementation of annual audits;
- Present audited statements to the membership and be
prepared to answer all reasonable questions that members
may raise;
- Ensure that any recommendations, including remedial
actions, that arise during audits are implemented
quickly and effectively;
Participation in Annual Budgeting
- Ensure that appropriate systems and processes are in
place for annual forecasting of revenues and
expenditures;
Committees
- Participate in standing or special committees as
directed by the President or as requested by the Board.
Signing of Documents
- Function as a signing officer for LCN, particularly
in relation to financial matters;
- Be aware of and monitor all financial signing
authorities and delegation of such authorities at LCN;
Other Duties
- Provide advice and support, as may be required, to
the Board and the senior staff on matters affecting the
overall financial affairs of LCN;
- Participate in the development of financial
policy and procedures as appropriate and/or as
requested.
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