A treasurer oversees the budget a company runs its operations and investments on. He or she is responsible for minimizing financial risks and suggesting profitable solutions, supervising cash flow, and monitoring expenses to make sure the company does not go overboard.
Most companies employ a treasurer to ensure a focused insight into the financial operations of the organization. The treasurer then delegates and coordinates tasks related to funding, fundraising, financial planning and reporting, sales, and control over stocks, assets, and bonds.
This is a senior role with responsibilities over large amounts of money, which candidates rise to after having paid their dues in lower-level financial roles like accounting and having gained sufficient insight into the financial procedures of a company. Usually, treasurers hold a degree in financing or accounting.
There is more than meets the eye when it comes to being a treasurer. For example, did you know that they make an average of $53.22 an hour? That's $110,697 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
There are certain skills that many treasurers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.
When it comes to the most important skills required to be a treasurer, we found that a lot of resumes listed 9.8% of treasurers included payroll, while 8.7% of resumes included general ledger accounts, and 8.1% of resumes included annual budget. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the treasurer job title. But what industry to start with? Most treasurers actually find jobs in the education and non profits industries.
If you're interested in becoming a treasurer, one of the first things to consider is how much education you need. We've determined that 71.9% of treasurers have a bachelor's degree. In terms of higher education levels, we found that 10.2% of treasurers have master's degrees. Even though most treasurers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a treasurer. When we researched the most common majors for a treasurer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on treasurer resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a treasurer. In fact, many treasurer jobs require experience in a role such as internship. Meanwhile, many treasurers also have previous career experience in roles such as volunteer or president.