• Treasurer

    Purpose

    The Treasurer guides the Society's fiscal practices and represents the Society at internal and external functions. The Treasurer also works closely with ASCI and Automation.com.

    Responsibilities

    • Educate the Executive Board related to fiduciary responsibilities
    • Ensure the Executive Board understands financial statements and investment philosophy
    • Work with staff leadership to ensure proper and required record keeping of all Society funds
    • Work with staff leadership to ensure that financial reports are made available to the Board on a timely basis
    • Report the status of Society investments and performance of any separate operating units to the Board
    • Review monthly financial performance versus budget, alert appropriate operating segments when revenue or expenses deviate from budget
    • Review investment portfolio performance
    • Review the Investment Policy and Guidelines to ensure they continue to meet the needs of the Society
    • Appoint the Chair of the Finance Committee
    • Recommend members for appointment to the Finance and Investment Committees
    • Present the annual budget to the Board for approval
    • Work with staff leadership to coordinate an audit
    • Work with staff leadership and chair of Finance Committee to coordinate in-person review of budget proposal

    Other Society Committees

    • Finance Committee (ex-officio member)
    • Compensation Committee
    • Investment Committee (ex-officio member)
    • Audit Committee
    • Automation.com Board
    • ASCI Board
    • Automation Federation Board

    Preferred Experience/Knowledge

    • Prior experience on finance committee preferred
    • Has ability to clearly present complex financial issues in an informative and unbiased manner
    • Understanding of financial accounting and regulations, as well as investment practices and principles for a non-profit organization
    • Experience with responsibility of budget in operations, P&L responsibility preferred

    Requirements

    • Any Member, Senior Member, Fellow, Life Member, Life Senior, Life Fellow or Honorary Member

    Time Requirements

    • Two-year commitment
    • Teleconferences and reporting - approximately 4-5 hours per week
      • Presidential chain (weekly)
      • Executive Board (monthly)
      • Staff leadership (weekly)
      • Finance Committee (monthly)
      • Investment Committee (quarterly)
       
    • Face to Face Meetings
      • Annual Leadership Conference - 4 days
      • Strategic Leader Meeting - 3 days
      • Executive Summit - 3 days
      • Finance Committee - 3 days
       

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