Board Treasurer (Volunteer)

Board Treasurer – Volunteer Position

Bereaved Families of Toronto (BFO-Toronto)
Reports to: Board of Directors
Commitment: Approximately 6–10 hours per month, including monthly meetings
Term: 2 years, renewable

Position Overview

The Treasurer is a key member of BFO-Toronto’s Board of Directors and serves as Chair of the Finance Committee. This volunteer leadership role is responsible for ensuring effective financial oversight, supporting the organization’s fiscal health, and promoting accountability and transparency to the Board and broader community.

Key Responsibilities

Financial Oversight & Planning

• Lead the development of the annual operating budget in collaboration with the Executive Director and Finance Committee; present to the Board for approval at least one month prior to fiscal year-end.
  
  
• Present timely and accurate financial reports to the Board at regular meetings.
  
  
• Oversee and support financial planning aligned with BFO-Toronto’s strategic priorities.
  
  

Audit & Compliance

• Lead the annual audit process, including:
  
  
  • Recommending and securing an external auditor.
    
    
  • Reviewing the audited financial statements and presenting them to the Board and at the Annual General Meeting (AGM).
    
    
• Ensure compliance with Canada Revenue Agency (CRA) and legal regulatory obligations.
  
  
• Oversee the maintenance and implementation of BFO-Toronto’s financial policies (in collaboration with Governance Committee as needed).
  
  

Compensation Oversight

• Provide recommendations to the Human Resources Committee, Board of Directors, and/or Executive Director regarding staff compensation, including merit-based and cost-of-living adjustments.

Payroll Oversight

Administer or oversee the payroll process in collaboration with the Executive Director, ensuring staff are paid accurately and on time.

Ensure compliance with statutory deductions and reporting requirements related to payroll (e.g., CPP, EI, income tax remittances).

Maintain confidentiality and accuracy in all payroll-related matters.

Committee Leadership

• Chair the monthly Finance Committee meetings and provide leadership in setting the agenda and following up on action items.
• Work collaboratively with the Executive Director, Board Chair (ex-officio), and other committee members with financial expertise.
  
  

Reporting & Communication

• Submit financial updates to the Board one week prior to each meeting.
• Present financial updates to the Board at monthly meetings.
• Present financial reports and updates to BFO-Toronto’s membership at the Annual General Meeting.
• Collaborate and communication with bookkeeper when required
  
  

Qualifications

• Professional accounting designation (CPA or equivalent) strongly preferred.
  
  
• Experience in nonprofit financial oversight, budgeting, and financial reporting.
  
  
• Strong understanding of financial management, compliance, and governance in the charitable sector.
  
  
• Excellent communication skills and the ability to convey complex financial information to non-financial audiences.
  
  
• Commitment to BFO-Toronto’s mission of providing accessible grief support in the community.
  
  

Time Commitment

• Monthly Finance Committee meetings (virtual or in-person).
  
  
• Regular communication with the Executive Director and committee members.
  
  
• Monthly Board and Finance Committee meetings and Annual General Meeting.
  
  

To Apply

If you are passionate about community support and wellbeing and have financial leadership experience, we invite you to apply to join our Board of Directors as Treasurer. Please contact us at sarah@bfotoronto.ca