Gamma Phi Beta Careers

Description

Application Deadline: September 19, 2024

• Budgeting and Financial Planning
• Review, approve and monitor budgets, including annual and multi-year.
• Review financial statements monthly.
• Set long-range financial goals and strategies to achieve them.
• Reporting
• Develop financial reports processes and work with staff to understand implications of reports.
• Internal Controls and Accountability
• Evaluate audit needs for internal controls; annually review policies and procedures.
• Create, approve, update and financial policies and procedures.
• Review and recommend changes to the BOT if needed for resolutions concerning financial and investment matters.
• Audit and Tax
• Recruit and select auditor and third-party internal auditor.
• Review draft audit and 990 form and submit/present audit report to BOT for review.
• Follow up, if applicable, on any items in auditor’s management recommendation letter.
• Review Foundation’s financial reporting policies and recommend appropriate revisions to the BOT. Periodically review Foundation’s compliance with policies and report results to the BOT.
• Investments and Endowments
• Review investment and endowment financials on a regular basis as outlined in the charter.
• Ensure all provisions in investment, endowment distribution and administrative fees policies are followed.
• Recruit and select investment advisor and evaluate their performance annually.
• Other
• As necessary, review business risks affecting the Foundation, including IRS and state attorney general activities not covered by other Foundation committees.
• Develop plans of action and assign responsibilities and timelines for completion of work.
• Set annual goals and objectives and evaluate Committee progress toward goal achievement.
• Present and report to the BOT on topics listed above.
• Annually review charter and recommend appropriate changes to the BOT.

• Attend Committee meetings occurring at minimum quarterly and more often, if necessary, to complete the Committee’s responsibilities.
• This role requires two hours per month, on average.
• No travel is expected for this role. Any changes in travel expectations will be communicated to volunteers.
• Complete basic Fidelity volunteer modules and other required training.
• Be a member in good standing by paying annual international alumnae dues or being a Life Loyal member.
• Annually sign a confidentiality statement and a conflict-of-interest policy.  

• Experience working in teams and with critical thinking.
• Experience in auditing, accounting, financial reporting, tax or financial or investment management.  
• Ability to understand financial statements and reports from investment managers.  
• Ability to communicate financial data to people without extensive financial experience.  
• Ability to work in a virtual environment with a virtual team.  
• Ability to work cooperatively with other Committee members, BOT and Sorority staff. 
• Gamma Phi Beta volunteer experience or experience in board-level leadership positions outside of Gamma Phi Beta.