Elms Family and Community Services (EFCS) is recruiting for its Board of Directors Treasurer. This is a volunteer (unpaid) financial role that serves as a member of the organization’s Board.
EFCS is a 501(c)(3) nonprofit organization, located in Macomb County, Michigan. We service youth, families, seniors and adults in Macomb/Wayne counties and Detroit Metro Area. We aim continuously to provide services, resources and support that will enable under-represented families, individuals and youth to overcome social, economic, educational and other barriers in which they face by gaining and sustaining successful outcomes in life. We do this through our support services, programs and community projects.
Summary of Role: The Board of Directors Treasurer provides financial support to the organization.
The Treasurer:
- Has charge of the funds of the corporation, except for such funds as the Board of Directors may designate.
- Ensures that an accounting system is maintained which will give a true and accurate accounting of the financial transactions of the corporation.
- Render reports from time to time as requested by the Board of Directors of his or her activities and the financial condition of the corporation.
- All funds received by the Treasurer shall immediately be deposited in a depository designated by the Board of Directors.
Duties and Responsibilities:
- Attends all board meetings.
- Maintains knowledge of the organization and personal commitment to its goals and objectives.
- Understands financial accounting for nonprofit organizations.
- Serves as financial officer of the organization and as chairperson of the finance committee.
- Works with the president to ensure that appropriate financial reports are made available to the board on a timely basis.
- Assists the president in preparing the annual budget and presenting the budget to the board for approval.
- Reviews the annual audit, as required by law, and answer board members' questions regarding the audit.
- Selects the organization's bank if needed, reconciling bank statements and managing cash flow.
- Manages financial investments and capital growth.
- Develops and implements daily, monthly and quarterly cash forecasting models.
- Monitors the organization's risks and losses.
- Ensures sufficient funds are available to meet ongoing operational requirements.
- Evaluates the financial aspects of the business and policies to advise the board.
- Mentors and develops staff to support the accounting and financial functions of the Office of the President.
- Works with Certified Public Accountants to ensure all tax returns and other financial filings are accurate and filed on time.
Knowledge/Skills/Abilities Required:
- Demonstrate strong analytical and project management skills.
- Strong economics or accounting background.
- Knowledge of capital markets, accounting and business finance.
- Knowledge of word processing, spreadsheet, accounting, inventory and payroll systems.
- Ability to collaborate with team members and drive results.
- Ability to interpret an extensive variety of laws and regulations.
- Strong verbal and written communication skills.
Education/Experience Required:
- Bachelor’s degree in business, finance, economics or accounting or a related field.
- 3-10 years in business, finance, economics or accounting experience, preferably working in a nonprofit setting.
- Experience serving in a Board of Directors role is preferred.
- Preferred CPA license.
Commitment:
The successful candidate must be available to attend Board of Directors meetings every first Monday monthly and a monthly commitment of approximately 5-10 hours. May require additional hours during the first month of appointment and during the organization’s budget development period from July - October annually.
Term: This appointment is for the 2025 term, with the opportunity for two 2-year term renewals.
Please visit our website at elmsfamilyandcommunityservices.org, to learn more about us.
- Finance & Accounting
- Fundraising
- Other