Hillingdon Credit Union
Unspecified 1000
05 Nov 2017
16 Nov 2017
Contract Type
Full Time


JOB TITLE:TreasurerREPORTING TO: Chair, Supervisory Committee

(On behalf of Board of Directors)

HONORARIUM:£1,000 p.a.

Main purposes of post

1.Manage, with the Board of Directors, the Board’s review of, and action related to, the Board’s financial responsibilities.

2.Oversee financial control of Hillingdon Credit Union (HCU)

3.Manage and report on HCU's finances

Duties & responsibilities

·Cause regular books of account to be kept

·Operate the HCU computerised accounting system and manual records in accordance with procedures

·Render to the Board of Directors, on a monthly basis, an account of the financial condition of HCU

·Work with the office manager, credit controller, other office staff and Board of Directors to ensure that appropriate financial reports are made available to the Board on a monthly basis.

·Oversee the work of the Reconciliation Officer

·Deliver an annual report at the Annual General Meeting (AGM)

·Assist the Board of Directors in preparing the annual budget, and presenting the budget to the Board and auditors for approval.

·Works with the Board of Directors to develop fiscal policies and long-term financial strategies to ensure the financial integrity and sustainability of HCU.

·Keep the Board currently informed of legal, regulatory and sector developments relating to the its financial responsibilities.

·Perform all other duties properly required of a Treasurer and of a Director by the Board of Directors.

·Attend monthly Board and other meetings as properly required by the Board of Directors, and to work occasionally outside normal office hours

Term of office

Three years, or until a successor is elected and qualified. The post-holder is eligible for re-election every three years as a Director and thence as Treasurer


The Civic Centre Uxbridge and elsewhere as properly required by the Board of Directors.

The post-holder will be expected to complete a six-month probationary period, prior to being offered the post permanently.


Function: Provide governance to HCU, represent it to the community, and accept the ultimate legal authority for it.


• Planning

Approve HCU's philosophy and review management's performance in achieving it Annually assess the environment and approve HCU's strategy in relation to it.Annually review and approve HCU's plans for funding its strategy.Review and approve HCU's financial goals.Annually review and approve HCU's budget.Approve major policies.• Organization

Elect, monitor, appraise, advise, support, reward, and, when necessary, change staff management.Be assured that management succession is properly being provided.Be assured that the status of organizational strength and manpower planning is equal to the requirements of the long range goals.Approve appropriate compensation and benefit policies and practices.Propose a slate of directors to members and fill vacancies as needed.Determine eligibility for and appoint Board Committees in response to recommendations of the Nominating Committee.Annually review the performance of the Board and take steps to improve its performance.• Operations

Review the results achieved by management as compared with HCU's philosophy, annual and long range goals, and the performance of similar institutions.Be certain that the financial structure of HCU is adequate for its current needs and its long-range strategy.Provide candid and constructive criticism, advice, and comments.Approve major actions of HCU, such as capital expenditures and major program and service changes.• Audit

Be assured that the Board and its committees are adequately and currently informed -through reports and other methods - of the condition of the Institution and its operations.Be assured that published reports properly reflect the operating results and financial condition of the Institution.Ascertain that management has established appropriate policies to define and identifyconflicts of interest throughout HCU, and is diligently administering and enforcing those policies.Appoint independent auditors subject to approval by members.Review compliance with relevant material laws affecting the Union.
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