Audit and Finance Commeitte memeber

Job Responsibility: Finance and Audit Committee Member The LNIB Financial Administration Law (FAL) requires the Band have a Financial and Audit Committee. Before applying Candidates must review the full FAL which is available on the LNIB web site at: ( Renumerations: An Honorarium, set by Chief and Council is paid for meeting attendance. Term: 2 years from date of apppointment Overview of responsibilities: Section 11 of the FAL reads (1) The Committee of the First Nation is established to provide Council with advice and recommendations in order to support Council's decision-making process respecting the financial administration of the First Nation. (2) The Council must appoint not less than three (3) members of the Committee, a majority of whom must have financial competency and all of whom must be independent. (3) For purposes of this section, an individual is considered to be independent if the individual does not have a direct or indirect financial relationship with the First Nation government that could, in the opinion of Council, reasonably interfere with the exercise of independent judgment as a member of the Committee. Section 14 of the FAL reads. (1) The Committee must carry out the following activities in respect of the financial a (a) annually review and recommend to the Council for approval a strategic plan and a multiyear financial plan; (b) review draft annual budgets and recommend them to the Council for approval; (c) on an ongoing basis, monitor the financial performance of the First Nation against the budget and report any significant variations to the Council; (d) review the quarterly financial statements and recommend them to the Council for approval; (e) review and make recommendations to the Council on the audited annual financial statements, including the audited annual financial statements respecting the local revenue account and any special purpose reports; (f) carry out any other activities specified by the Council that are not contrary to the Act or inconsistent with the Committee's duties specified in this Law; and Under Section 15 of the FAL The Committee also has Financial Audit review responsibilities: (a) make recommendations to the Council on the selection, engagement and performance of an auditor; (b) receive assurances on the independence of a proposed or appointed auditor; (c) review and make recommendations to the Council on the planning, conduct and results of audit activities; (d) periodically review and make recommendations to the Council on policies and procedures on reimbursable expenses and perquisites of the councillors, officers and employees of the First Nation; (e) monitor financial reporting risks and risk of fraud and the effectiveness of mitigating controls for those risks taking into consideration the cost of implementing those controls; Qualifications

• A strong financial background
• Able to pass a criminal record check
• Previous experience working with or for a First Nation Organization, preferrable the Lower Nicola Indian Band
• Agree to follow a strict Code of Conduct and
• Be free of financial conflict of interest.

If interested please submit a detailed resume to View email address on ca.edajobs.com (mailto: View email address on ca.edajobs.com) Applications will be reviewed by the LNIB Chief and Council and Officers. Open until filled