Login
Search

Treasurer
Position Description/Responsibilities

Term

Two year beginning on July 1 following term as Treasurer-Elect and ending on June 30 of the second year.

Responsibilities

  • Be responsible to the Federation Board for safeguarding the funds of the Federation
  • Direct oversight of the Federation’s investment reserves
  • Advise the Board concerning the propriety of fiscal practices with relation to established Federation policy and with relation to the policies of granting and taxing agencies.
  • Prepare for and preside over Finance Committee meetings: 1-2 in-person meetings and 2 conference calls
  • Prepare for and attend monthly conference calls and 3 in-person meetings of the Board as a voting member
  • Mentor/prepare Treasurer-Elect for transition to Treasurer
  • Serve as a voting member of the Executive Committee and attend weekly conference calls
  • Serve as a non-voting member of the Membership, Meetings, and Publications Committees
  • Oversee/prepare financial presentations and reports to the Board

Characteristics

Biographic, demographic, and scientific diversity in governance is an overarching goal of the Federation, and FASEB encourages leadership nominations who represent this diversity.

The following are personal characteristics that the Treasurer should have:

  • Knowledge about and experience in financial control and budgeting
  • Ability to communicate budget/financial information
  • Demonstrated understanding of the Federation’s financial structure, policies, and procedures
  • Excellent leadership and facilitation skills
  • Demonstrated commitment to collaboration and team building
  • Record of professional service, including active membership in a FASEB Society
  • Knowledge about and experience in biological and/or biomedical research or comparable experience

Time Commitment

  • 3 in-person or virtual Board meetings of 1.5 days each, plus travel
  • 2 in-person Finance Committee meetings of 1 day each, plus travel
  • 1-2 hours per week for various conference calls – Executive Committee, Board, etc.
  • 1-2 hours per week email correspondence
  • 1 hour per week Treasurer-Elect training