Vacancy: Honorary Treasurer

Background

Sue Holloway reaches the end of her term as Honorary Treasurer in the summer of 2021. Once appointed, the Honorary Treasurer-elect will shadow Sue and formally succeed her on July 1 2021. 

Applicants should submit a CV with a covering letter identifying how they meet the criteria set out in the role description to Leighton Chipperfield, Chief Executive L.Chipperfield@res.org.uk. For an informal discussion, please contact Leighton Chipperfield.

Person specification

Essential criteria
• Familiarity with accounting procedures, budgeting and cashflow
• Some prior involvement with the Society’s and/or its activities

Desirable criteria
• Familiarity with managing investments
• Familiarity with the statutory requirements of a charity in relation to accounting and auditing

Job remit

The Honorary Treasurer will:
• Chair meetings of the Finance Committee (twice yearly), Audit committee (yearly) and Remuneration committee (yearly)
• Become a trustee of the Society, attending three Executive Committee meetings per year
• Additionally become a member of the RES Executive Officers Group (attending three meetings per year), and Council (attending two meetings per year)
• Have oversight over the Society’s investments, liaising with investment managers and Finance committee

Monthly duties
• Second authorization of any single payments in excess of £5,000
• Review actual expenditure against budget and raise concerns/anomalies with CEO/Finance Officer
• Monitor cashflow

3 times per year
• Prepare and present management accounts at Executive Committee meetings
Annually
• Agree draft budget with CEO for October Executive Committee meeting
• Manage budget discussion at October Executive Committee
• Review final budget and check entry in Xero
• Contribute to preparation of annual report and accounts
• Sign-off annual report and accounts once approved by Executive Committee (usually via email)
• Present annual report and accounts to Annual General Meeting

Commitment and support
The approximate time commitment is 2-3 days per month. This fluctuates through the year, with peaks at the beginning of the year and in the autumn. Day-to-day finance matters are handled by the Finance Officer and by the Society’s external accountants. The Honorary Treasurer will work closely with the Chief Executive.

Term
The term is three years, which may normally be renewed once.

Reimbursement
The role is unpaid. Expenses will be reimbursed in line with the Society’s expenses policy.