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Finance
Main Role:
Financial health, sustainability and legality of the
Local Committee
What is Finance all about:
• Long term perspective
• Strategy
• Decision making
• Contributionto the success of the organization
• Finance = Resources management
Role and Responsibilities
Financial management:
• Budget and financial planning
• Cash flow creation and management
• Creation of monthly income statements
• Cost- cutting tracking and management
• Local events and conferences tracking
Financial Information Management:
• Budget and Cash flow analysis
• FinancialMonthly reports
• Financialevaluation and decision making
• Ensuring and double checking correctness of LC fee calculations
Accounting management and bookkeeping:
• Payments and invoices externally & internally
• Bookkeeping of transactions proofs
• Bookkeeping of membership in the Local Level
• Bookkeeping of outputs from general assemblies and Executive board meetings along
with LCP and secretary
• Preparing quarterly internal audits
Role and Responsibilities
Financial education in the LC:
• Ensuring implementationof financial policies in local level
• Financial model implementation
• Periodic update to the LC on financial status
Organizational Performance:
• Support the local performance giving conclusions and advices after the
financial report.
• Analysis historical and present financial results, to propose local
investments and projects.
• Investment planning
Financial Capacity:
• Support the product development at local level.
• Ensure the sustainability of the local events on activities as
budgeting.
• Evaluation and management of financial, operational and legal
risks.
Role and Responsibilities
Exchange Operative Support Focus:
• Ensure tracking of all EP Flow in terms of agreements, contracts, payments and
post-match
• Innovation to simplify customer experiences in terms of payments, funds and
documents.
External Connection Focus:
• Ensure that all local processes are sustainable and make product development
analysis.
• Research for new potential revenue streams
Measure of Success
• Financial stability of the LC
• Clear and manageable accounting records
• Transparency of finance to LC
• Completion of quarterly internal audits

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Finance JD

  • 1. Finance Main Role: Financial health, sustainability and legality of the Local Committee What is Finance all about: • Long term perspective • Strategy • Decision making • Contributionto the success of the organization • Finance = Resources management
  • 2. Role and Responsibilities Financial management: • Budget and financial planning • Cash flow creation and management • Creation of monthly income statements • Cost- cutting tracking and management • Local events and conferences tracking Financial Information Management: • Budget and Cash flow analysis • FinancialMonthly reports • Financialevaluation and decision making • Ensuring and double checking correctness of LC fee calculations Accounting management and bookkeeping: • Payments and invoices externally & internally • Bookkeeping of transactions proofs • Bookkeeping of membership in the Local Level • Bookkeeping of outputs from general assemblies and Executive board meetings along with LCP and secretary • Preparing quarterly internal audits
  • 3. Role and Responsibilities Financial education in the LC: • Ensuring implementationof financial policies in local level • Financial model implementation • Periodic update to the LC on financial status Organizational Performance: • Support the local performance giving conclusions and advices after the financial report. • Analysis historical and present financial results, to propose local investments and projects. • Investment planning Financial Capacity: • Support the product development at local level. • Ensure the sustainability of the local events on activities as budgeting. • Evaluation and management of financial, operational and legal risks.
  • 4. Role and Responsibilities Exchange Operative Support Focus: • Ensure tracking of all EP Flow in terms of agreements, contracts, payments and post-match • Innovation to simplify customer experiences in terms of payments, funds and documents. External Connection Focus: • Ensure that all local processes are sustainable and make product development analysis. • Research for new potential revenue streams
  • 5. Measure of Success • Financial stability of the LC • Clear and manageable accounting records • Transparency of finance to LC • Completion of quarterly internal audits