Treasurer

This page contains information regarding the role of Treasurer of INPS. Please read it carefully before announcing your candidacy for the position.

Roles & Responsibilities

The Treasurer is the chief financial officer of the organization, responsible for overseeing all financial administration, planning, and reporting to ensure the organization's fiscal health and integrity.

Financial Strategy & Policy

• Develops and oversees the implementation of the organization's financial policies and procedures.

• Advises the Executive Committee (EC) on the financial implications of strategic plans and operational decisions.

• Leads fundraising initiatives, including procuring funds and grants from external agencies through strategic collaborations.

• Formulates strategies for membership fees, financial incentives, and the systematic allocation of funds, based on comprehensive financial analysis.

Budgeting & Reporting

• Prepares, monitors, and facilitates the annual budget, ensuring alignment with organizational goals.

• Presents budgets, financial statements, and account summaries to the EC and at General Meetings, with clear justifications for all figures.

• Delivers timely financial reports after every event and ensures all required statutory forms are completed and submitted.

Financial Operations & Management

• Manages all day-to-day financial affairs, including banking, cash flow management, and statement reconciliation.

• Maintains a precise and consistently updated ledger of all income and expenses.

• Directly manages all organizational funds, including grants, membership dues, and participation fees.

• Processes all financial requests, including grant applications and expense reimbursement forms for EC members and volunteers.

Compliance & Governance

• Ensures all financial activities and record-keeping strictly adhere to the requirements of funders and statutory bodies.

• Guarantees full compliance with all relevant legislation, specifically the Societies Registration Act (1860).

• Establishes and monitors internal controls to ensure proper documentation and record-keeping by anyone handling the organization's funds.