Treasurer

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ORGANIZATION: MBMentors

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We are actively seeking a dedicated and experienced individual to join our board as the Treasurer.

Position Overview:

The Treasurer is a key officer of the Board of Directors, responsible for our financial oversight and fiscal management. The Treasurer ensures the financial health and sustainability of the organization, maintains accurate financial records, and provides reports to the board on the organization’s financial status. This position requires a commitment of approximately 10 hours per month, including attendance at two board meetings per year, and serves a three year term.

Key Responsibilities:

  1. Financial Oversight:
    • Monitor the financial health of the organization.
    • Ensure the organization's financial policies and procedures are followed.
    • Review and approve financial statements and reports.
  2. Budgeting and Planning:
    • Lead the development of the annual budget in collaboration with the Executive Director and other board members.
    • Assist in the creation of short and long-term financial goals.
  3. Reporting:
    • Prepare and present financial reports at board meetings.
    • Provide financial analyses and advice to support decision-making.
    • Ensure timely and accurate completion of annual audits and tax filings.
  4. Record Keeping:
    • Maintain accurate and complete financial records.
    • Oversee the management of accounts payable and receivable, payroll, and other financial obligations.
  5. Compliance and Risk Management:
    • Ensure compliance with all federal, state, and local financial regulations.
    • Identify and manage financial risks, implementing strategies to mitigate these risks.
  6. Collaboration:
    • Work closely with the Executive Director, bookkeeper, and other board members.
    • Liaise with external auditors and financial institutions.

Qualifications:

  • Bachelor's degree in Accounting, Finance, Business Administration, or related field.
  • CPA certification preferred, but not required.
  • Minimum of 3 years of experience in accounting or financial management, preferably in the nonprofit sector.
  • Strong knowledge of nonprofit accounting practices and principles.
  • Proficiency with QuickBooks is helpful.
  • Excellent organizational, analytical, and problem-solving skills.
  • Ability to communicate financial information to non-financial stakeholders effectively.
  • High level of integrity and dependability.
  • Previous board experience is a plus.

Commitment:

This is a volunteer position requiring a commitment of approximately 10 hours per month, including The term of office is 3 years with the possibility of renewal.

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About MBMentors

Location:

5775 WAYZATA BLVD STE 700, MINNEAPOLIS, MN 55416, US

Mission Statement

MBMentors is a premier source of business coaching and advice for entrepreneurs and established small businesses. We are founded and are staffed by experienced executives and business owners passionate about giving back to our business community. As a 501(c)3 non-profit, MBMentors volunteers are a diverse team of individuals brought together by the mission to advise, support, and empower entrepreneurs and small business owners. We do this with our skills, experiences, knowledge, and abilities to help people start, run, and grow their small businesses. And, we do this at no cost to our clients.

Description

MBMentors was founded in January of 2020, as a 501(c)3, all-volunteer, non-profit business services organization. We are a group of experienced businesspeople whose mission is to give back to our business community. All volunteers have extensive business experience and expertise in starting, running and growing businesses.

Our 20+ team members desire is to help our clients succeed in starting and operating their business ventures. Our services include: 1:1 business coaching/mentoring, educational webinars, business plan support, CEO Roundtables and a Women's Collective for and by women in business.

Mentoring/Coaching clients are assigned to an advisor based on his/her specific needs and business challenges. Volunteers and clients have the option of meeting in-person, through email, phone, or video conferencing. Meetings occur as frequently as the client request. There is no cost to our clients for the services we provide.

CAUSE AREAS

Board Development
Community
Board Development, Community

WHEN

We'll work with your schedule.

WHERE

5775 West Wayzata BoulevardSt. Louis Park, MN 55416

(44.9501,-93.3429)
 

SKILLS

  • Financial Auditing
  • Financial Planning
  • Budgeting
  • Cost Analysis
  • Accounting

GOOD FOR

N/A

REQUIREMENTS

  • Driver's License Needed
  • Orientation or Training
  • Minimum 10 hours a month

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