Legal Definitions - vice-treasurer

A vice-treasurer is an individual who serves as a secondary or assistant to the primary treasurer within an organization. This role typically involves supporting the treasurer in managing financial records, overseeing budgets, and handling funds. A vice-treasurer may also be authorized to assume the treasurer's duties and responsibilities in their absence or incapacity, acting as a deputy.

• Community Non-Profit Organization: Imagine a local animal shelter where the primary treasurer is responsible for managing the entire budget, donor funds, and investment accounts. The vice-treasurer might be specifically tasked with overseeing the daily operational expenses, processing vendor payments, and preparing monthly financial reports for the board. If the primary treasurer goes on an extended leave, the vice-treasurer would step in to handle all critical financial duties, ensuring the shelter's operations continue smoothly.
  This example illustrates the vice-treasurer acting as both an assistant, handling specific financial tasks, and a deputy, ready to assume the full responsibilities of the treasurer when needed.
• Large Corporate Entity: In a multinational corporation, the main treasurer might focus on high-level financial strategy, capital management, and investor relations. A vice-treasurer could be appointed to manage the financial operations of a specific division or subsidiary, such as overseeing the budget for the research and development department, managing its cash flow, and ensuring compliance with internal financial policies.
  Here, the vice-treasurer functions as a specialized assistant, taking charge of a distinct area of financial management under the overall supervision of the primary treasurer.