Vice President of Treasury & Finance Position
VICE PRESIDENT OF FINANCE
The VP of Finance is an elected position. This role is accountable for overseeing the management of funds for duly authorized purposes of the PMILIC and is responsible for developing Chapter financial goals and objectives in accordance with chapter and bylaws.
Roles and Responsibilities
• Maintain and manage accounts receivable and payable and all financial portfolios, including but not limited to the collection of chapter dues from PMI, guest payments for chapter meetings or special events and the payment of all chapter bills in accordance with chapter committee directives
The VP of Finance is an elected position. This role is accountable for overseeing the management of funds for duly authorized purposes of the PMILIC and is responsible for developing Chapter financial goals and objectives in accordance with chapter and bylaws.
Roles and Responsibilities
• Maintain and manage accounts receivable and payable and all financial portfolios, including but not limited to the collection of chapter dues from PMI, guest payments for chapter meetings or special events and the payment of all chapter bills in accordance with chapter committee directives
• Apply for IRS Employer Number
• Ensure the chapter has reviewed and reported required tax filings
• Ensure the chapter has reviewed and reported required tax filings
• Establish and maintain all required chapter bank accounts and/or similar financial transactions; arrange for officer signatures as required
• Provide financial reporting regarding the state of finances and chapter activity to chapter membership, board and executive level volunteer leaders on a monthly basis (board meeting)
• Provide financial reporting regarding the state of finances and chapter activity to chapter membership, board and executive level volunteer leaders on a monthly basis (board meeting)
• Develop an annual financial statement on the activities of PMILIC and provide to the Board by January 15 of each year. This will be included in the Application for Charter Renewal
• Develop an annual operating budget and forward to the Board for inclusion in the annual Application for Charter Renewal
• Develop an annual operating budget and forward to the Board for inclusion in the annual Application for Charter Renewal
• Act for the President in his/her absence and the absence of the Vice-President of Programs.
• Recommend improvements in the financial processes to the board
• Recommend improvements in the financial processes to the board
• Establish and maintain financial operational processes to ensure continuity of chapter operations and define, document and maintain chapter policies
• Maintain the annual budget
• Maintain the annual budget
• Contribute to financial planning/goal setting, investing, forecasting and budgeting for the chapter
• Provide timely information to independent auditors as required
• Provide timely information to independent auditors as required
• Keep an up to date inventory of all the goods of the chapter
• Handle all PMI and government required payments
• Handle all PMI and government required payments
• Ensure maintenance and storage of all historic financial documents
• Establish financial metrics; ensure chapter is maintaining requirements
• Establish financial metrics; ensure chapter is maintaining requirements
• Serve as liaison with PMI Global Operating Center on financial matters
• Prepare financial guidelines and procedures for the chapter along with board
• Prepare financial guidelines and procedures for the chapter along with board
• Analyze cost impact and income benefit of all activities proposed by the board of directors
• Review any chapter contract, agreement and insurance
• Review any chapter contract, agreement and insurance
• Distribute information, materials and/or fees received from the PMI Global Operating Center to appropriate officers in a timely manner
• Confirm and check bank accounts monthly
• Confirm and check bank accounts monthly
• Develop and implement a succession and transition plan
