Vice President for Finance

Term

3 years

Essential Duties and Responsibilities

In addition to the essential duties and responsibilities required for all Board of Directors (BOD) members, the Vice President for Finance is charged with the following tasks:

• Ensure that the annual income and expenditures of the Association are appropriately monitored
• Report on the financial position of the Association at BOD meetings and in other settings, as requested
• Present the annual budget, as recommended by the Financial Planning Board, to the BOD for approval
• Chair the Audit Committee
• Review all travel requests for attendance at meetings held at locations other than the ASHA National Office to ensure that requested funds are available in the budget

ASHA Standing Committees, Boards, and Councils

The Vice President for Finance serves as the BOD liaison to the following ASHA standing Committees, Boards, and Councils (CBCs):

• Financial Planning Board
• Audit Committee

Essential Experience/Expertise/Skills

In addition to the Experience/Expertise/Skills essential for all BOD members, the Vice President for Finance requires the following:

• Ability to communicate financial results to the BOD and to the general ASHA membership clearly, using accessible language
• Ability to analyze and discuss the financial impact of Strategic Objectives and their implementation, BOD resolutions, feasibility of proposed changes, as well as any requests for funds in view of ASHA’s operating budget and reserve funds to assist BOD members in their decision making
• Ability to review and understand professionally prepared income and expense statements as well as external audit reports
• Understanding of, and experience working with, financial statements (e.g., income/expense reports and balance sheets) and financial analysis in health care, higher education, schools, and/or private practice; budget preparation and budget variance analysis helpful
• Working knowledge of investment portfolios helpful (e.g., understanding active vs. passive investing and the necessity for, and timing of, portfolio rebalancing)

Time Commitment (excluding travel time)

• Weekly (routine tasks, emails, and voting): 4–6 hours
• Monthly (CBC work and BOD virtual conferencing): 8-12 hours
• Quarterly (meeting prep and attendance): 3–5 days