Women’s Entrepreneurship Day Organization Canada (WEDO Canada)
Volunteer position – Board Treasurer
Women’s Entrepreneurship Day Organization (WEDO) is a movement that ignites women leaders, innovators, and entrepreneurs to initiate startups, drive economic expansion, and advance communities worldwide. WEDO is celebrated at the United Nations and in 144 countries and 65 universities/colleges internationally.
Our Mission is to:
EDUCATE the public on the importance women play in the business world and inspire girls and women all over the world to find opportunity and achieve success in STEAM (Science, Technology, Engineering, Arts, and Math).
EMPOWER the 4 billion women across the globe with the resources to be catalysts of change and uplift the 250 million girls living in poverty globally.
CELEBRATE women in business and trailblazers who have demonstrated outstanding entrepreneurship, leadership, and innovation.
SUPPORT women by convening business and government leaders to find solutions for the issues women face in business and technology.
Strategic Direction: WEDO was established in Canada in 2019 and we are ready to execute on our strategy to grow from an Alberta presence to across Canada. We plan to engage National partners to fund scholarships and awards for students and to cover WEDO Canada operating costs. We also require to select schools with entrepreneurial programs to partner with, and whose students will be the recipients of the scholarships and grants. We will also identify other foundations and not for profit organizations with shared values to collaborate with WEDO Canada.
The board treasurer is an executive and voting member of the board of directors of WEDO Canada and is accountable to the Board for the fulfillment of the duties and responsibilities outlined below.
Ten hours per month (board meetings, meetings with the Chair of the Board, Finance committee meetings)
Term of Office
Two years with the possibility of renewal for a second term.
Roles and Responsibilities
The treasurer will offer guidance to the Chair of the Board in ensuring good fiscal planning, decision-making and oversight at a governance level.
The principle duties are to:
- Assist with obtaining charitable status for the Organization
- Oversee the development of high-level financial policies and their review by the board
- Assist in the preparation of the annual budget and its presentation to the board for review
- Ensure that the appropriate monthly or quarterly financial statements are reviewed by the board
- Ensure that the board regularly monitors the organization’s financial performance and alerts it to any important discrepancies between planned and actual figures
- Ensure that the organization maintains the appropriate financial books and records and that these are accurate and up-to-date
- Ensure that government tax filings and remittances are submitted on a timely basis
- Serve as a co-signer of cheques with at least one another signing officer[i]
- Ensure that excess funds and reserves are properly held and invested
- Verify that donations are handled appropriately and that grants and service delivery contracts are accounted for in accordance with the requirements of funders
- Meet with the external auditor annually, or more often if needed, to identify any financial control and record keeping problems or deficiencies and oversee action by the Chair of the Board to address them
- Recommend to the board the need for a review or renewal of the auditing services provided
- Assists the Chair of the Board with the development and presentation of the annual report
- Present or co-present the organization’s financial report and recommend appointment or reappointment of auditor at the Annual General Meeting
- Helps, along with the Chair of the Board, to keep the board informed of important financial events, trends, and issues relevant to the organization
Committee Membership – The treasurer is the chair of the Finance Committee.
- Commitment to the organization’s mission and strategic directions
- An understanding of, and experience with, good financial management and reporting practices for Not-For-Profit organizations
- Experience with QuickBooks online
- Previous board experience along with governance knowledge
- A professional accounting designation is required
- An appreciation of the kind and level of financial information needed at a board level to support decision making
- An ability to commit the time required to fulfill the responsibilities described
Please apply by email to firstname.lastname@example.org with the Heading WEDO Canada Board position.