Key Facts

Remote From:

Full time

English

Hard Skills

Finance Enterprise Risk Management (ERM) Digital Technology Managed Care Diversity And Inclusion Human Resource Management Criminal Law Marketing Public Relations Accounting +1 more

Other Skills

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Financial Literacy
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Strategic Planning
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Leadership

Roles & Responsibilities

Financial literacy
Audit committee experience or related fields
Understanding of generally accepted accounting principles
Experience preparing or analyzing financial statements

Requirements:

Assist the Board of Trustees with financial reporting oversight
Evaluate external auditors’ qualifications and performance
Monitor compliance with laws, regulations, and code of ethics
Assess adequacy of risk management practices

Unitarian Universalist Association

About Unitarian Universalist Association

The Unitarian Universalist Association (UUA) is a religious organization that combines two traditions: the Universalists, who organized in 1793, and the Unitarians, who organized in 1825. They consolidated into the UUA in 1961. Both groups trace their roots in North America to the early Massachusetts settlers and to the founders of the Republic. Overseas, their heritages reach back centuries to pioneers in England, Poland, and Transylvania. Each of the 1,000+ congregations in the United States, Canada, and overseas are democratic in polity and operation; they govern themselves. They unite in the Association to provide services that individual congregations cannot provide for themselves. Each congregation is associated with one of the UUA’s 19 districts. Unitarian Universalism is a liberal religion with Jewish-Christian roots. It has no creed. It affirms the worth of human beings, advocates freedom of belief and the search for advancing truth, and tries to provide a warm, open, supportive community for people who believe that ethical living is the supreme witness of religion.

Founded: 2018

Company size: 201 - 500

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Job description

NOTE: A position with the Audit & Risk Committee is strictly VOLUNTEER, and is NOT a paid position.

Purpose: The Audit and Risk Committee assists the Board of Trustees in fulfilling its oversight responsibilities for (1) the financial reporting process and system of internal control, (2) the external auditors’ qualifications, independence, and performance, (3) the adequacy and effectiveness of the process for monitoring compliance with laws, regulations, and the code of ethics, and (4) the adequacy and effectiveness of risk management practices.

Skills needed: Financial literacy is required; Experience in one or more of the following areas is helpful: audit committee experience; finance; enterprise risk management; technology/IT; investment/endowment management; publishing; health plans; strategic planning; diversity, equity and inclusion; human resources; law; not-for-profit industry knowledge; leadership roles; marketing/public relations; accounting; auditing

Length of term: 2 years (with a max. of 4 consecutive terms)

Meetings: 3 meetings per year, 4 hours each

Additional important info: There are pre-read materials for most meetings including audit firm communications, draft financial statements, and information from management about various risk management areas. It is expected that committee members will have reviewed the materials in advance and be prepared to discuss them at the meeting.

Under the charter, at least one member of the audit committee is to be a "financial expert" - which involves 1) an understanding of generally accepted accounting principles and financial statements; 2) the ability to assess the general application of such principles in connection with the accounting for estimates, accruals and reserves; and 3) experience preparing, auditing, analyzing or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the Association's; 4) an understanding of internal controls and procedures for financial reporting and 5) an understanding of audit committee functions.

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