Role & Responsibilities:

The specific responsibilities of the Treasurer are as follows:

Presentation and Interpretation of Financial Statements

• Present monthly and/or quarterly financial statements to the Board and/or the Executive Committee as required;
• Assist the Board or Executive Committee members to interpret financial statements and to be properly aware of the financial position of LCN at all times;

Compliance

• Ensure compliance by LCN with all relevant policies and procedures governing best practices in financial management and accountability;
• Ensure that signing authorities, banking documents, and other financial authorities are up-to-date and properly executed;
• Ensure that LCN complies with all legal and regulatory requirements governing the financial affairs of non-profit societies in Lesotho;

Donor Relations

• On behalf of the Board, maintain current knowledge of LCN’s major donors and funding partners;
• Assist in the preparation of reports or other correspondence as may be required by donors or funding partners;
• Participate in meetings and discussions with donors and funding partners when required and as appropriate;

Resource Mobilization

• Work with the Executive Director and the Finance & Administration Manager to maintain an appropriate level of funding for LCN aligned to the strategic plan and such other plans or policies that LCN may from time-to-time approve;
• Participate in the development and implementation of resource mobilization strategies;

Audit

• Ensure an appropriate selection of auditors as detailed in the Constitution and such other policies and procedures that may apply;
• Participate, as required, in the planning and implementation of annual audits;
• Present audited statements to the membership and be prepared to answer all reasonable questions that members may raise;
• Ensure that any recommendations, including remedial actions, that arise during audits are implemented quickly and effectively;

Participation in Annual Budgeting

• Ensure that appropriate systems and processes are in place for annual forecasting of revenues and expenditures;

Committees

• Participate in standing or special committees as directed by the President or as requested by the Board.

Signing of Documents

• Function as a signing officer for LCN, particularly in relation to financial matters;
• Be aware of and monitor all financial signing authorities and delegation of such authorities at LCN;

Other Duties

• Provide advice and support, as may be required, to the Board and the senior staff on matters affecting the overall financial affairs of LCN;
  • Participate in the development of financial policy and procedures as appropriate and/or as requested.