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Finance Vice President Position Description

Requisite skills and experience:

  • Understanding of the necessity for ensuring the integrity of financial controls and reporting
  • Competence in understanding financial markets and their application to non-profit organizations
  • Knowledge of the financial regulatory environment
  • Ability to explain detailed financial statements
  • Understanding of financial best practices
  • Service as financial officer of a non-profit organization

The responsibilities of all members of the AAUW Board of Directors are:

  • Have an understanding of non-profit organizational governance and the role of the Board in implementing the associated best practices
  • Attend all Board meetings and participate in AAUW events
  • Determine the direction AAUW will take
  • Develop and improve policies that implement and define that direction
  • Identify and develop future AAUW leadership at all levels
  • Represent members' interests
  • Represent and promote AAUW to the membership and the public
  • Monitor AAUW finance and insure sound fiscal management
  • Support the work of the organization with a significant financial contribution
  • Possess facility with computing and other technologies

The tasks that accomplish these responsibilities include:

  • Participate in the development of a long range plan and in strategic planning
  • Develop strategies to communicate the direction of the Association to the membership
  • Approve the annual budget
  • Review the financial statements on a regular basis
  • Review the public policy program and approve the public policy priorities
  • Recommend Bylaws changes and resolution proposals
  • Seek out and encourage qualified members for appointed positions, particularly members from underrepresented groups
  • Participate in planning and carrying out the Annual Meeting and biennial Convention.
  • Participate in the meetings of the Board working groups
  • Review and approve programs and issues
  • Participate in leadership training opportunities
  • Participate in the preparation of a biennial report to the Convention
  • Maintain confidentiality of Executive Session
  • Participate in the Board evaluation process
  • Make appointments to AAUW committees

Specific responsibilities of the Finance Vice President:

  • Perform the duties of President in all cases in which the President and Vice President are unable to serve
  • Monitor the flow of AAUW funds and keep the Board informed
  • Work with the Chief Financial Officer in the fiscal management of AAUW
  • Participate actively in the development of the budget and dissemination of information needed by staff and Board to make financial decisions

Specific tasks:

  • Through the Executive Director and Chief Financial Officer, oversee the collection of all dues and other monies of AAUW and make disbursements as directed by the AAUW Board of Directors
  • Serve as custodian of the title deeds, business papers, and the bonds and other securities belonging to the AAUW; with the approval of the Board of Directors
  • With approval of the Board of Directors make special arrangements with the recognized financial institution, or institutions, regarding investments in securities and their safekeeping
  • Make an annual report to the Board
  • Chair the Finance Committee
  • Chair the Advisors of the Fellowships Funds
  • Provide financial advice to states and branches upon request

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