Treasurer, IFA Board of Directors

Position Description

Title: Treasurer, IFA Board of Directors

Accountability: The Treasurer is a voting member of the Board of Directors, appointed in

accordance with the bylaws. The Treasurer is accountable to the Board for

fulfilling the duties and responsibilities outlined below and to oversee the

organisations financial administration especially in the areas of fraud, theft

and noncompliance.

Term of Office: Two years, with the possibility of renewal for a second term.

Time Commitment: Approximately 10 hours per month (including board meetings, meetings

with the Executive Director, and committee meetings).

Location Remote

Role Information: Voluntary

International Federation on Ageing (IFA)

The International Federation on Ageing (IFA) is an international non-governmental organization with a

membership base of NGOs, the corporate sector, academia, government, and individuals spanning 76 countries.

The IFA has formal relations with the United Nations and the World Health Organization.

The IFAs vision is ‘a world of healthy older people whose rights are both protected and respected.’ This is

inspired through the goal of being the global point of connection of experts and expertise that help to shape

and influence policy at all levels of government.

The IFA takes a lead to inform, educate and promote policies and practice to enable and enhance the functional

ability of older people within a capability framework through:

• Driving the Agenda for the World’s Ageing Population

• Building, facilitating and strengthening bridges between government, non-government, academia, industry and older people

• Strengthening non-government organizations through collaboration toward a common goal

• Improving the understanding of ageing polices and practice and their impact on the lives of older people

Our Values

Fairness – We endorse the inalienable and inherent rights of all human beings. We work to ensure all older

people are treated equitably, and give priority to those experiencing disadvantage

Participation – We forge new ways to ensure older people are engaged in life through formal and informal

social, cultural and economic activities.

Respect – We challenge complex behaviours that disrespect the voice, role and place of older people in

contemporary society.

Roles and Responsibilities:

1. Financial Oversight:

• Oversee the development and review of high-level financial policies.

• Ensure that cyber security systems are in place to protect the organisations finances

• Ensure the financial management systems are robust and reduce the risk of

fraudulent activity

• Alert the Board to any risks identified in the area of financial management

• Ensure the preparation and presentation of the annual budget to the Board for

review and approval.

• Ensure that appropriate monthly or quarterly financial statements are reported to

and reviewed by the Board.

• Monitor the organization’s financial performance and alert the Board to any

significant discrepancies between planned and actual figures.

• Ensure the board understands its financial obligations.

• Oversee the development and implementation of risk management strategies and

internal controls to mitigate identified risks effectively.

2. Financial Records and Reporting:

• Ensure that the organization maintains accurate and up-to-date financial books and

records.

• Review all internal processes and reporting methods at least annually

• Ensure timely submission of government tax filings and remittances.

• Ensure that payroll and other liabilities are settled promptly.

• Serve as a co-signer of cheques with at least one other signing officer.

• Ensure that excess funds and reserves are properly held and invested wisely.

• Verify that donations are handled appropriately and that grants and service delivery

contracts are accounted for in accordance with funders' requirements.

3. Audit and Compliance:

• Meet with the external auditor annually, or more often if needed, to identify any

financial control and record-keeping problems or deficiencies.

• Where these are identified that remedial actions are implemented as part of IFA’s

continuous improvement activity

• Oversee action by the Executive Director and financial officer to address any issues

identified by the auditor.

• Recommend to the Board the need for a review or renewal of auditing services.

• Assist the CFO, Secretary General and Board Chair with the development and

presentation of the annual report.

• Present or co-present the organization’s financial report and recommend the

appointment or reappointment of the auditor at the Annual General Meeting.

4. Committee Membership:

• Automatically a member of the Executive Committee, if one exists.

• Chair the Finance, Audit and Risk Committee and Budget Development Committee, if

necessary.

Qualifications and essential criteria:

• Qualifications in financial management / accounting

• A basic understanding of accounting and knowledge of the laws that govern the organisation

• Understanding of the requirements that govern a not-for-profit organisation

• Knowledge of the requirements that govern an organisation with charitable status

• Knowledge and skills in board governance, policy, finance, programs, and personnel.

• Regular attendance at periodic board meetings.

• Ability to prepare for and participate in board meetings and committee meetings.

• Commitment to the work of IFA

To Apply:

• Please submit a cover letter outlining your experience with the selection criteria and a resume

Other Relevant Information:

Start Date As soon as possible Applications Cover Letter and Resume addressed to Mr. Gregor Sneddon at hr@ifa.ngo

mailto:hr@ifa.ngo