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What does an assistant treasurer do?

Updated January 8, 2025
7 min read

An assistant treasurer provides administrative and clerical support to treasurers in the joint effort to manage and oversee the finances of an organization or company. Their job entails coordinating with different departments to gather and analyze data, review collection and cost reports, study the overall financial transactions, and produce detailed financial statements according to protocols. They may also handle calls and correspondence, prepare documents and presentations, organize files, train new members of the workforce, and work together with the treasurer in implementing policies and regulations.

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Assistant treasurer responsibilities

Here are examples of responsibilities from real assistant treasurer resumes:

  • Prepare and manage payroll for company's executive officers weekly.
  • Develop and lead a team of professionals dedicate to continuously improving the overall treasury and finance relate processes.
  • Contribute treasury expertise in directly managing all facets of global treasury operations, FX risk management, and treasury technology projects.
  • Streamline monthly payment process working with banking partners through automation using ACH.
  • Determine the manner of disbursement and subsidiary funding, i.e., wire transfer, DTC or ACH.
  • Coordinate with auditors, both internal and public, to ensure SOX compliance; demonstrating proper controls that eliminate asset risk.
  • Implement and maintain computerized payroll system, prepare quarterly payroll taxes.
  • Improve treasury-activity credibility, reliability and integrity, including Sarbanes-Oxley (SOX).
  • Contribute to increase in Medicare program profitability through resident analysis that identify impact of pharmaceutical and other ancillary costs on profitability.
  • Design and implement numerous KPI's that result in reduce staffing and other departmental expenses that aid consistent year-over-year profitability improvement.

Assistant treasurer skills and personality traits

We calculated that 11% of Assistant Treasurers are proficient in Cash Management, Treasury, and Risk Management. They’re also known for soft skills such as Interpersonal skills, Writing skills, and Organizational skills.

We break down the percentage of Assistant Treasurers that have these skills listed on their resume here:

  • Cash Management, 11%

    Consolidated the company's decentralized cash management process under the treasury department resulting in greater governance over the cash concentration process.

  • Treasury, 10%

    Identified non-malicious internal controls breach at an international affiliate and adjusted local treasury operations to minimize losses to the Company.

  • Risk Management, 5%

    Developed and maintained technology risk management documentation for all network systems to ensure compliance with internal and external regulatory guidelines.

  • Debt Compliance, 4%

    Calculated and projected debt compliance on [ ] of notes and a $ [ ] revolver.

  • Cash Flow, 4%

    Re-designed Cash flow forecasting model and debt covenant calculations, improving management's financial decision-making and overall cash flow.

  • Investment Portfolios, 4%

    Assisted in restructuring the Foundation's assets to discretionary investment portfolio management.

Most assistant treasurers use their skills in "cash management," "treasury," and "risk management" to do their jobs. You can find more detail on essential assistant treasurer responsibilities here:

Interpersonal skills. The most essential soft skill for an assistant treasurer to carry out their responsibilities is interpersonal skills. This skill is important for the role because "secretaries and administrative assistants interact with clients, customers, or staff." Additionally, an assistant treasurer resume shows how their duties depend on interpersonal skills: "maintained strong financial management and interpersonal skills. "

Writing skills. Another essential skill to perform assistant treasurer duties is writing skills. Assistant treasurers responsibilities require that "secretaries and administrative assistants write memos and emails when communicating with managers, employees, and customers." Assistant treasurers also use writing skills in their role according to a real resume snippet: "participated in a one-year formal credit training program credit analysis risk identification and mitigation transaction structuring and underwriting"

Organizational skills. Another skill that relates to the job responsibilities of assistant treasurers is organizational skills. This skill is critical to many everyday assistant treasurer duties, as "secretaries and administrative assistants keep files, folders, and schedules in order so that an office runs efficiently." This example from a resume shows how this skill is used: "enforced internal controls thereby conserving organizational resources and reducing costs. "

See the full list of assistant treasurer skills

Choose from 10+ customizable assistant treasurer resume templates

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Compare different assistant treasurers

Assistant treasurer vs. Secretary

Secretaries are employees who are responsible for many of the administrative needs of the office. They are usually assigned to executives or to a specific department. They manage schedules and appointments, often handling the calendar in the office. They are also responsible for keeping files organized, whether physical or digital copies. During office meetings, secretaries are in charge of documenting the minutes of the meeting and highlighting the action steps that need to be taken. They may also be assigned to check on concerned departments who need to present deliverables in the next office meeting.

We looked at the average assistant treasurer salary and compared it with the wages of a secretary. Generally speaking, secretaries are paid $60,729 lower than assistant treasurers per year.While their salaries may differ, the common ground between assistant treasurers and secretaries are a few of the skills required in each roleacirc;euro;trade;s responsibilities. In both careers, employee duties involve skills like payroll, quickbooks, and bank deposits.

These skill sets are where the common ground ends though. The responsibilities of an assistant treasurer are more likely to require skills like "cash management," "treasury," "risk management," and "debt compliance." On the other hand, a job as a secretary requires skills like "customer service," "telephone calls," "scheduling appointments," and "word processing." As you can see, what employees do in each career varies considerably.

Secretaries really shine in the government industry with an average salary of $46,574. Comparatively, assistant treasurers tend to make the most money in the finance industry with an average salary of $121,059.On average, secretaries reach lower levels of education than assistant treasurers. Secretaries are 12.1% less likely to earn a Master's Degree and 0.0% less likely to graduate with a Doctoral Degree.

Assistant treasurer vs. Accounting manager/controller

An accounting manager/controller is responsible for spearheading and overseeing the daily operations in a company's accounting department. They monitor the company's budgets, including its costs and expenditures, and produce financial reports. It is also their duty to establish objectives and guidelines, manage accounting staff, monitor financial activities, review and assess financial statements, approve expenditures, and resolve issues promptly and efficiently. Furthermore, as an accounting manager/controller, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.

On average, accounting managers/controller earn a $3,198 lower salary than assistant treasurers a year.A few skills overlap for assistant treasurers and accounting managers/controller. Resumes from both professions show that the duties of each career rely on skills like "cash management," "cash flow," and "internal controls. "

In addition to the difference in salary, there are some other key differences worth noting. For example, assistant treasurer responsibilities are more likely to require skills like "treasury," "risk management," "debt compliance," and "investment portfolios." Meanwhile, an accounting manager/controller has duties that require skills in areas such as "reconciliations," "cpa," "payroll taxes," and "general ledger accounts." These differences highlight just how different the day-to-day in each role looks.

Accounting managers/controller may earn a lower salary than assistant treasurers, but accounting managers/controller earn the most pay in the technology industry with an average salary of $89,839. On the other hand, assistant treasurers receive higher pay in the finance industry, where they earn an average salary of $121,059.Average education levels between the two professions vary. Accounting managers/controller tend to reach similar levels of education than assistant treasurers. In fact, they're 2.2% less likely to graduate with a Master's Degree and 0.0% less likely to earn a Doctoral Degree.

Assistant treasurer vs. Office manager/administrative assistant

An office manager, also known as an administrative ssistant, is responsible for overseeing the workflow in an office or department. An office manager's duties mostly revolve around performing clerical tasks, such as organizing and maintaining accurate schedules and documentation, obtaining office supplies and equipment, arranging meetings and appointments, preparing reports and evaluations, and handling calls and other forms of correspondence. Furthermore, an office manager serves as the contact person for different departments. Therefore it is crucial to maintain an active line of communication and coordination at all times.

On average scale, office managers/administrative assistant bring in lower salaries than assistant treasurers. In fact, they earn a $58,100 lower salary per year.By looking over several assistant treasurers and office managers/administrative assistant resumes, we found that both roles require similar skills in their day-to-day duties, such as "real estate," "quickbooks," and "bank statements." But beyond that, the careers look very different.

The required skills of the two careers differ considerably. For example, assistant treasurers are more likely to have skills like "cash management," "treasury," "risk management," and "debt compliance." But a office manager/administrative assistant is more likely to have skills like "customer service," "data entry," "financial statements," and "travel arrangements."

Office managers/administrative assistant make a very good living in the professional industry with an average annual salary of $39,721. On the other hand, assistant treasurers are paid the highest salary in the finance industry, with average annual pay of $121,059.When it comes to education, office managers/administrative assistant tend to earn lower degree levels compared to assistant treasurers. In fact, they're 12.0% less likely to earn a Master's Degree, and 0.3% less likely to graduate with a Doctoral Degree.

Assistant treasurer vs. Purchasing administrative assistant

Purchasing Administrative Assistants will require a high school diploma or GED, but an associate degree or higher is preferred, as well as three or more years in a purchasing role. This career will require skills in communication and negotiation, as well as a proven history of good supply management and the ability to create and administer task priority lists based on the needs of the respective company. Paying an average salary of $42K per year, but ranging between $37K and $49K, this career choice will demand the provision of support to the purchasing process and department staff, processing documents and materials and responding to inquiries, as well as maintaining information and inventories about vendors and sources.

Purchasing administrative assistants typically earn lower pay than assistant treasurers. On average, purchasing administrative assistants earn a $59,282 lower salary per year.While both assistant treasurers and purchasing administrative assistants complete day-to-day tasks using similar skills like credit card, quickbooks, and a/p, the two careers vary in some skills.Each job also requires different skills to carry out their responsibilities. An assistant treasurer uses "cash management," "treasury," "risk management," and "debt compliance." Purchasing administrative assistants are more likely to have duties that require skills in "purchase orders," "data entry," "customer service," and "provides administrative support. "In general, purchasing administrative assistants earn the most working in the construction industry, with an average salary of $41,993. The highest-paying industry for an assistant treasurer is the finance industry.The average resume of purchasing administrative assistants showed that they earn lower levels of education compared to assistant treasurers. So much so that theyacirc;euro;trade;re 13.7% less likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 0.5%.

Types of assistant treasurer

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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