Treasury Department

The Treasury Department is the financial backbone of Towers Collective, responsible for ensuring the fiscal sustainability of the organization. By focusing on budgeting, financial management, and sponsorship management, the Treasury Department guarantees that Towers Collective operates efficiently and remains financially healthy. With a team composed of the Chief Financial Officer (CFO), Vice President of Finance Operation, and the Director of Finance, this department is essential for the success of all projects, events, and initiatives.

Mission:

Our mission is to maintain financial transparency and accountability while managing the fiscal health of Towers Collective. Through careful budgeting, tracking of expenses, and strategic sponsorship management, we create the financial foundation that supports the organization’s growth, innovation, and impact.

Key Roles

Chief Financial Officer (CFO):

The CFO is the primary leader responsible for overseeing all financial activities within Towers Collective. This role includes managing budgeting, tracking expenses, preparing financial reports, and ensuring that financial practices align with organizational goals. The CFO is also responsible for developing long-term financial strategies that ensure sustainability and enable Towers Collective to achieve its mission.

Responsibilities include:

  • Overseeing the preparation and approval of annual budgets.

  • Monitoring financial performance and making recommendations for fiscal improvement.

  • Ensuring financial compliance with relevant regulations and standards.

  • Providing strategic input on fundraising initiatives and sponsorship opportunities.

Vice President of Finance:

The Vice President of Finance supports the CFO in all aspects of financial management and ensures that financial operations run smoothly. The VP of Finance is directly involved in the day-to-day financial tasks, including overseeing expenses, financial record-keeping, and reporting. This role also involves collaborating with other departments to ensure financial alignment and accountability across the organization.

Responsibilities include:

  • Assisting in the preparation of the annual budget and financial forecasts.

  • Managing internal financial records, including income, expenses, and cash flow.

  • Developing financial strategies that align with Towers Collective’s goals.

  • Coordinating with other departments to allocate funds efficiently.

Director of Finance Operation:

The Director of Finance Operation focuses on the operational side of financial management. This role is responsible for tracking and managing sponsorship funds, processing financial transactions, and maintaining accurate financial documentation. The Director of Finance Operations also plays a key role in ensuring financial transparency and communicating financial information to the executive team and stakeholders.

Responsibilities include:

  • Managing sponsorship funds and ensuring appropriate allocation.

  • Maintaining accurate financial records and transaction logs.

  • Preparing monthly and quarterly financial reports.

  • Supporting the VP of Finance and CFO in ensuring fiscal responsibility and transparency.

How We Contribute:

The Treasury Department plays a vital role in the success of Towers Collective. By ensuring that financial resources are managed effectively and responsibly, we enable the organization to thrive and expand. From event funding to strategic sponsorships, our financial oversight helps Towers Collective achieve its long-term goals, ensuring sustainability and growth in all areas.

Get Involved:

If you have a strong understanding of finance, budgeting, or financial strategy, the Treasury Department offers an exciting opportunity to make an impact. Work with experienced professionals, contribute to managing financial resources for the collective’s initiatives, and gain hands-on experience in financial leadership.