The Branch Treasurer role is vital to the running of the branch as they look after all the finances. Without these roles, we would not have as many branches as we do.
What you will be doing
- Monitoring the bank account with the Branch Chair
- Complying with all financial procedures.
- Maintaining accurate records of money coming in (income) and money going out (expenditure) for the branch. A form (B1) with this information has to be sent to the Branch Finance and Admin Officer once a month with copies of supporting documentation.
- Ensuring all expenditure is properly authorised. This means checking who the money is being paid to, why it is being paid, and that the Branch Chair is aware of it.
- Ensuring the bank account does not go overdrawn. This means regularly checking the amount of money in the bank account and being aware if too much money is being spent and not enough is coming in. If the bank account is overdrawn, the Branch may have to pay a financial penalty.
- Maintaining accurate records for restricted funds (money that has to be used for a specific purpose).
- Managing and looking after the petty cash if it is required. This is a maximum of £50. Cash records of all money coming in and going out need to be maintained and the cash float needs to be secure.
- Attend branch committee meetings
The skills you need
- Confident in editing information to a suitable format which is clear and concise.
- Good understanding of money, bank accounts, and how to manage finances.
- Able to manage time and deadlines to ensure financial records are regularly completed.
- Can write clearly and accurately.
- Confident in communicating with individuals or organisations by phone or email.
- Confident in using a computer.
- Can complete spreadsheets/basic financial records accurately and clearly.
- No previous history of bankruptcy.
- Satisfactory references.
When and where
- Flexibility on days and the amount of time committed to the role.
- The majority of branch treasurers give around an hour a week but it depends how active the branch is.
- Home based (plus travel to branch committee meetings)