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DESCRIPTION OF POSITION:
An FMC member is responsible for providing assistance and guidance to the Treasurer in the oversight of NCURA’s fiscal matters. The FMC supports the Board with all financial activities. Responsibilities include developing long-range financial plans for the Council; reviewing the annual budget and making recommendations to the Board; assisting and working with the Regional Treasurers, recommending to the Board an individual(s) to perform the annual audit and performing other functions as assigned by the Treasurer or Board. The FMC is chaired by the Treasurer and shall consist of the following members: the incoming-treasurer or the immediate past treasurer; and at least three at-large members.
2-year appointment beginning in January of each year. The members will have staggered terms
Function of Position - The FMC is responsible for assisting the Treasurer in oversight of the Council's fiscal matters; developing long-range financial plans for the Council; reviewing the annual budget and making recommendations to the Board; assisting and working with the regional treasurers; and recommending to the Board an individual(s) to perform the annual audit and performing other functions as assigned by the Treasurer or Board.
Essential Duties and Responsibilities & % Time Devoted - The committee will meet in-person at least one time annually to complete the following: review the budget, select auditor, review financial statements, evaluate the annual investment performance and complete other committee assignments. The committee will conduct the majority of their activities by using e-mail listserv and video conference calls. Calls are monthly and ad-hoc as needed, typically one hour in duration. Additional assignments may be given for completion between calls with a minimum commitment of two hours per month.
Knowledge and/or Skills -The member is required to know about various fiscal activities in addition to an understanding of NCURA and its programs and have an active NCURA membership.
Experience –Financial experience is mandatory to perform the required tasks. Experience with investments, developing budgets, or financial management issues is required and can be obtained through a variety of educational and working aspects of your career.