Description

Position Summary:
We are looking to invite passionate, creative, committed and driven people to join our finance committee on a voluntary basis by sharing their professional and creative experience and advice in the finance field.

Duties:
As a member of the finance committee, responsibilities include:

– Governance and policy:
– Support the governance of Harmony House including monitoring the performance of Harmony House in relation to its mission, objectives, core values and reputation
– Review compliance with legal and regulatory matters relevant to the financial management function
– Inform and advise on risk management and financial matters as requested
– Help establish, review, recommend for Board approval and monitor finance policies and other major financial policy matters
– Review, and recommend for Board approval, proposed changes to banking or borrowing

– Budget process:
– Review, and recommend for Board approval, the annual budget and monitor the financial performance of Harmony House in relation to it
– Review unbudgeted operating expenditures and all capital expenditures
– Review the organization’s commitments related to capital spending and the related fundraising requirements

– Financial reporting:
– Assist in reviewing financial statements on a timely basis
– Review the annual financial statements and recommend for approval by the Board