Treasurer / Director

Treasurer / Director

Trustee/Governor
J64533
At a glance

Skills

  • Accountancy
  • Accountancy (part qualified)
  • Financial management

Where

Lowestoft, NR33 0DS
Mainly at home
Travel limit? Live in Suffolk, Norfolk or Cambs but with a need to visit Lowestoft at least monthly

Time

Either in or out of office hours Estimate of time needed:
0-3 hours / week
Board meetings face to face in Lowestoft and teleconference alternate months, AGM in Lowestoft, visit P'boro twice per year, team visits once a month

Deadline

31 Dec 2019

Quaified Accountant needed to lead the small  team of accounts staff to finalise the monhtly accounts, help set the strategy of the credit union. Will manage the relationship with the Auditor and FCA / PRA

What will you be doing?

The Treasurer will have a leadership role on the volunteer Board. The credit union has paid workers to do inputting and ledger entries so the Treasurer will offer support to the paid workers by liaising with the manager at head office to produce monthly accounts, liaise with the external auditor to do the annual audit with a FY of October - September. FCA and PRA compliance training is available if required. Our trade body offers very good webinars and online training courses as well as annual conferences, depending on the availabilty of the volunteers. 

Will work with the volunteer Board of Directors to direct the operations and strategy of this credit union. One of the priorities of the Board is to investigate potential to merge with another credit union in the future. Due to length of service, several Directors are seeking to retire in the next year, so ssistance in finding two new directors would be a part of the role.

We are seeking a professionally qualified Accountant as our current Treasurer would like to retire. Full training in using the bespoke software is provided, and other credit unions locally provide a support network.

What are we looking for?

A qualified accountant or someone who has been a Treasurer or QBE (Qualified by Experience) over many years.

A personality who wants to work to help our client group is vital, but no need to deal directly with customers in the role of Treasurer. This role will include supporting the paid staff at Lowestoft, so occasional visits would be welcome, however online access to our software can be provided so some of the checking can be done from home.

Helping the Board tackle the subject of merging with another credit union will require diplomacy and fact finding.

What difference will you make?

This role is vital to our organisation, as credit unions need to be stable in the management of their own finances. The relaibility of our processes is important to financially and socially excluded people otherwise they cannot access their money. 

Supporting our paid workers gives them appreciation and can help them cope with difficult days.

What's in it for the volunteer?

It's a rare opportunity to engage in a role that has regulatory impact and engagement with the FCA and PRA. We help nearly 5,000 people every year, and they can have heart breaking situations that we make an incredible difference to. We help people in the most direct way.

Our team is down to earth and friendly, with a track record of success in Lowestoft and across the region.

A few more details

The current Treasurer has enjoyed this role for over 10 years, the credit union movement is a very unusual environment to volunteer in, and has many people around the region to get to know and be part of this community.

Before you apply

Due to FCA and PRA requirements, an application form will be required to ensure probity of Directors, we cannot accept applicants with a criminal record or other conduct that would reduce trust in the credit union, so a poor credit history or bad public reputation would bar an applicant. The Treasurer must be a "Fit and Proper Person" under FCA regulations
Causes
  • Financial inclusion
  • Local / community
  • Poverty relief
  • Refugees / migrants
  • Social care
  • Training / employment support
  • We help people who often need support with opening an account to handle their income, either because they are financially excluded from banks, or because they want an alternative to banks.

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