Treasurer

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Are you interested in empowering entrepreneurs and small business owners to achieve their dreams? Join MBMentors, Minnesota's premier non-profit dedicated to fostering business growth and success!

At MBMentors, you'll be part of a volunteer organization committed to giving back. Our mission is simple yet powerful: to help individuals start, run, and expand their businesses, all at absolutely no cost to them. We're actively seeking a dedicated and experienced individual to join our board as the Treasurer.

MBMentors is actively seeking a dedicated and experienced individual to join our board as the Treasurer.

Position Overview:

The Treasurer is a key officer of the Board of Directors, responsible for our financial oversight and fiscal management. The Treasurer ensures the financial health and sustainability of the organization, maintains accurate financial records, and provides reports to the board on the organization’s financial status. This position requires a commitment of approximately 10 hours per month, including attendance at two board meetings per year, and serves a three-year term.

Key Responsibilities:

1. Financial Oversight:
• Monitor the financial health of the organization.
• Ensure the organization's financial policies and procedures are followed.
• Review and approve financial statements and reports.
2. Budgeting and Planning:
• Lead the development of the annual budget in collaboration with the Executive Director and other board members.
• Assist in the creation of short and long-term financial goals.
3. Reporting:
• Prepare and present financial reports at board meetings.
• Provide financial analyses and advice to support decision-making.
• Ensure timely and accurate completion of annual audits and tax filings.
4. Record Keeping:
• Maintain accurate and complete financial records.
• Oversee the management of accounts payable and receivable, payroll, and other financial obligations.
5. Compliance and Risk Management:
• Ensure compliance with all federal, state, and local financial regulations.
• Identify and manage financial risks, implementing strategies to mitigate these risks.
6. Collaboration:
• Work closely with the Executive Director, bookkeeper, and other board members.
• Liaise with external auditors and financial institutions.

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field.
• CPA certification desired, but not required.
• Minimum of 3 years of experience in accounting or financial management, preferably in the nonprofit sector.
• Strong knowledge of nonprofit accounting practices and principles.
• Proficiency with QuickBooks.
• Excellent organizational, analytical, and problem-solving skills.
• Ability to communicate financial information to non-financial stakeholders effectively.
• High level of integrity and dependability.
• Previous board experience is a plus.

Time Commitment:

This is a volunteer position requiring a commitment of approximately 10 hours per month. However, the initial couple of months will require more time to learn our systems. The term of office is 3 years with the possibility of renewal.