Description

Position Description: Finance Committee Volunteer
Twice Upon a Time gives free books to kids who might not otherwise be able to afford them. We are seeking volunteers to join our Finance Committee and help ensure sound financial management and oversight of the organization..
Duties and responsibilities include but are not limited to:
Financial management
Conduct day-to-day banking transactions, including reviewing accounts, making and recording deposits, and writing cheques or e-transfer for payments and reimbursements;
Maintaining accurate financial records for the organization;
General financial oversight
Support the Treasurer to prepare annual operating budgets;
Ensure appropriate accounting measures, procedures and controls are in followed;
Ensure compliance with relevant financial legislation and governing documents;
Financial planning and reporting
Support the Treasurer and Committee Leads by preparing and distributing monthly financial reports to accurately reflect the financial situation of Twice Upon a Time;
Advise on the financial implications of Twice Upon a Time’s strategic and operational plans;
Advise on Twice Upon a Time’s fundraising strategies;
Support the Treasurer to prepare and present the accounts at the Annual General Meeting (AGM); and
Support the Treasurer to prepare and submit charity information return to the Canada Revenue Agency.
Other
Issue tax receipts for donations.
Qualifications
Knowledge of general accounting practices, financial control and budgeting (or Bachelor Degree in accounting or finance)
Experience using Quickbooks is an asset
Prior experience in charity setting with exposure to financial reporting and budgeting cycles an asset
Estimated time commitment: 8-10 hours per month
Weekly (on average) – review accounts, make and record deposits, and write cheques or e-transfer for payments and reimbursements
Biweekly (on average) – issue tax receipts for donations
Monthly – prepare and distribute monthly financial reports to the Board of Directors and Committee Leads to accurately reflect the financial situation of Twice Upon a Time
Yearly – support the preparation and presentation of the accounts at the AGM
Yearly – support the preparation of the annual operating budget
Yearly – support the preparation and submission of the submit charity information return to the Canada Revenue Agency
Work location: Mostly remote, with occasional in-person meetings