A nonprofit treasurer is responsible for managing the organization’s finances, overseeing operational budgets, preparing audit reports, and handling annual tax filings. Their duties include managing cash flow, paying and recording bills, maintaining a record of debt, selecting a bank, and reconciling financial statements. They play a crucial role in ensuring compliance and the overall financial health of the organization.

A nonprofit treasurer should possess a variety of skills to effectively manage the organization’s finances. Key skills include:

1. Financial Literacy: Strong understanding of financial statements, budgeting, and accounting principles.
2. Attention to Detail: Ability to accurately handle financial data and ensure all records are meticulously maintained.
3. Analytical Skills: Proficiency in analyzing financial information to make informed decisions and provide insightful reports.
4. Organizational Skills: Capability to manage multiple tasks and deadlines, especially during budgeting and audit periods.
5. Communication Skills: Ability to clearly communicate financial information to board members, stakeholders, and staff.
6. Ethics and Integrity: High ethical standards and a commitment to transparency and accountability in financial practices.
7. Technical Skills: Familiarity with financial software and accounting tools, as well as spreadsheet proficiency.
8. Problem-Solving Skills: Aptitude for identifying financial issues and developing practical solutions.
9. Fundraising Knowledge: Understanding of finance related to fundraising efforts and grant management.
10. Team Collaboration: Ability to work effectively with other board members and staff, fostering teamwork in financial management.

Read more specifics in USAWE’s Treasurer’s policy and procedures