Volunteers may serve on one committee at a time. This is to ensure there are volunteer opportunities available for other CPCU Society members who wish to contribute.
PURPOSE AND RESPONSIBILITIES:
The Finance, Training and Development Committee identifies and shares financial best practices for chapter treasurers, placing value on the financial health of chapters and mitigating fraud. The committee is responsible for providing education and resources to chapter treasurers so that they will gain the skills necessary to meet the financial needs of their chapters and the members they serve.
DELIVERABLES:
- Engages chapter treasurers and interest group leaders to understand their financial needs so that adequate support and appropriate tools are defined and created;
- Develops and provides training and resources for chapter treasurers to mitigate risks and improve financial stability of Society chapters;
- Serves as liaison to chapters, interest groups and other components within the association to promote active Finance, Training and Development participation;
- Raises awareness of existing chapter financial best practices within the Society and recommends changes to the Leadership Council; and
- Drafts and submits meeting minutes to staff within 10 business days of any meetings
ACCOUNTABILITY:
- The Finance, Training and Development Committee is accountable to the Leadership Council;
- Committee members meet either virtually or in-person at least (4) times per year. The committee may also conduct some of its business by e-mail;
- For succession planning, committee members are responsible for identifying qualified successors who are diverse and a good fit for the committee’s purpose and goals.
FINANCE, TRAINING AND DEVELOPMENT COMMITTEE LEADERSHIP:
The Chair of the Finance, Training and Development Committee is the Secretary/Treasurer of the CPCU Society Leadership Council. The committee chair, in collaboration with the Leadership Council liaison, is responsible for the overall direction and management of the committee.
Preference will be given to an individual who has served on the Finance, Training and Development Committee, who has the support of their employer, and has knowledge of Society structure and its volunteers.
The Staff Liaison serves as an advocate and resource to enable the Finance, Training and Development Committee to fulfill its charge and accomplish its goals. The liaison serves as a bridge between staff and governance, advises the chair and members, and assists by providing strategic advice and facilitating communications, action, and collaboration.
The Chair, in collaboration with the staff liaison, will select a vice-chair. The vice chair will serve as the chair in the event the committee chair cannot attend or participate in a meeting. Selection of a vice-chair does not guarantee the individual will be appointed to the chair position when vacant.
COMPOSITION:
The Finance, Training and Development Committee shall consist of a maximum of twelve members, including the chair and vice chair.
Members of the Committee are appointed by the Finance, Training and Development Committee Chair, subject to approval by the Leadership Council. Vacancies in the membership of the committee shall be filled by the chairperson in collaboration with the staff liaison.
TERM:
Finance, Training and Development Committee members are appointed to a three‐year term. This maximum term length may be extended for a Committee member selected to serve as Chair. Exceptions to this policy can be made at the discretion of the Leadership Council.
The Finance, Training and Development Committee Chair shall serve as Chair for a term of two years. The Vice Chair shall serve as a one-year term. Exceptions to this policy can be made at the discretion Leadership Council.
A committee member may re-serve after being off the committee for two years.
So that all terms do not expire at the same time committee member term expiration dates should be staggered.
SELECTION PROCESS AND QUALIFICATIONS:
Finance, Training and Development Committee members are identified through an open call for qualified volunteers. Selection is based on the following qualifications.
- A current, active member of the CPCU Society.
- Two years of professional experience in the insurance industry preferred.
- Ability to work independently and virtually to complete deliverables as required.
- Demonstrates honesty, sensitivity to and tolerance of differing views, a friendly, responsive and patient approach, community building skills, and a concern for the growth of the CPCU Society.
- Maintain respectful relationships with members, volunteers and staff.
- Maintains confidentiality of work as needed.
- Able to prioritize membership and organization over individual needs.
- Express interest to serve on the Finance, Training and Development Committee.
- Desire to develop tools and provide support to chapter treasurers and those working in the risk and insurance industry.
- Preference will be given to an individual who has served as a chapter treasurer or has handled the finances in another volunteer organization.