CFA Society Toronto - Board


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TERMS OF REFERENCE – SECRETARY-TREASURER 25-August-2015 Scope of the Position The Secretary-Treasurer is elected by the membership at the annual election meeting. The Secretary- Treasurer assists the board in its financial oversight of the Society. While this is a Secretary role as well, in practice the management office is able to provide support for the Secretary role. This leaves the Treasurer functions as the key element to this role. As Treasurer, the incumbent will work to: • Ensure the financial soundness of CFA Society Toronto • Ensure that society funds are used in accordance with the mission and strategy of the society, and consistently with members' interests The Secretary-Treasurer is a member of the Executive Committee and strives to add to the organization's senior management strength and provide an independent objective point of view to the other members of the Executive Committee. As a member of the Board and the Executive Committee of the Board, the Secretary-Treasurer acts as an ambassador of the Society. Duties and Responsibilities • Is a member of the board and Executive Committee • Attend all meetings of the board and Executive Committee • Chair the Finance Committee • Review and present annual operating and capital budgets as required • Recommend and review of financial operating policies, and monitoring management office adherence to them • Review and present periodic financial results, query management about variances from budget, and if necessary decide how to resolve variances from budget • Act as a signing authority on behalf of the board for financial and legal purposes • Other such duties as may be determined by the board Time Commitment • 10-15 hours per month (includes board preparation and meetings) Characteristics • Member in good standing of the society • Commitment to the mission, strategies, and work of the society • Has volunteer experience with the society • Strong verbal and written communication skills • Previous management/leadership experience • Excellent ability to work with a diverse team • Above-average financial literacy • Must hold an accounting designation • Prefer candidates with: o audit experience o previous not-for-profit financial oversight experience CFA Society Toronto Board Manual 2016 Page 23 of 194

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