The Treasurer oversees all the association's financial activities, which is a very big and responsible task. In the beginning of the year, you will draw up the budget for the upcoming year together with your predecessor. This is already one of the most important decisions you will have to make during the year, as the budget has a big influence on the policy for the year. Throughout the year, you will be involved in all decisions and projects that involve money. Here you play an important role, as money is always a major factor in the decision making process. You will be in close contact with the Treasurers of all the committees. All event and committee budgets must be critically assessed and approved by you first, and you will also regularly check them. Especially for big events such as the Econometric Career Days and Business Trip, it is important to closely monitor the finances. You will also oversee all company contact when it comes to payment matters.
Another important aspect of being the Treasurer is the financial administration, which includes carefully administrating all payments in the bookkeeping program Exact, sending and keeping track of all invoices for our career events, filing the tax return, updating the budget and deciding to cut or increase certain budgets when necessary, of course in consultation with your fellow board members.
The Treasurer also has to stay in touch with several internal and external organs. Most importantly, all the contact with the Audit Committee goes through the Treasurer. The Audit Committee checks the work of the Treasurer and must approve big expenditures. Furthermore, the Treasurer takes part in the board of the SAED, which is a fund that financially supports FAECTOR and provides grants to FAECTOR board members by investing money. Next to that, you are also the Treasurer of the Quantitative Finance Tour. Furthermore, together with the President, you check the budget of the Interfaculty events. Moreover, you will be the Treasurer of the LOES. This means that you will oversee all LOES’s finances, monitor the LED budget and stay in contact with the LED Treasurer.
Besides the financial tasks, the Treasurer is also the supervisor of the FAECTOR Consultancy Project Committee, the IntAct Committee and the Activities Committee. Therefore, you are involved in the organisation of some of FAECTOR's biggest social events for all (Active) Members, like the City Trip and Active Members Weekend. Finally, the Treasurer is also in charge of the online book sale in the beginning of each block.
It is impossible to capture all my stories and tasks of the past year in a couple of paragraphs. Don’t hesitate to contact me if you want to know more about the position of Treasurer of the 54th Board of FAECTOR!
What will be the main responsibilities of the Treasurer of the 54th board?
- Preparing and updating FAECTOR's budget
- Controlling committee and event finances
- Company contact for payment matters
- Financial administration
- Contact with the Audit Committee
- Involvement in financial matters of SAED, Interfaculty and QFT
- Treasurer of the LOES
- Supervising the FAECTOR Consultancy Project Committee
- Supervising the IntAct Committee
- Supervising the Activities Committee
Do you want to be the Treasurer of the 54th board? Apply here now!