About the Role
The Vice President Finance is responsible for managing the SBSS budget over the course of the executive term. This includes, but is not limited to, financial planning, payment processing, reviewing of bills and statements, maintaining financial statements, and processing reimbursements. It is the responsibility of the Vice President Finance to ensure that the SBSS is in a stable financial position at all times, that initiatives being pursued by the Society are financially feasible, and that the organization executes payment obligations in a timely fashion.
-Responsible for completing all payments and reimbursements in a timely fashion
-Responsible for following and enforcing the SBSS Financial Policy
-Responsible for coordinating and creating a budget for the SBSS fiscal year
-Responsible for overseeing budget approval, planning, and execution
-Allocate funding to Sprott clubs in collaboration with the VP Internal and President
-Attend weekly executive meetings and monthly council meetings
-Work closely with council members to ensure that portfolio and individual events budgets are within their allocated budget.
-Firmly advocate and makes decisions based on the financial sustainability of the Society; even with pushback from council members (i.e. in the approval or denial of council events/initiatives)
-Responsible for ensuring commitment of directors to the SBSS for the entirety of the academic year
-Provide training and work closely with the bookkeeping director on using Accounting Software for SBSS’ basic accounting needs
-Must act as a role model for all members of the SBSS and empowering them to take ownership of their own student experience
Communication of Financial Information