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Treasurer hiring summary. Here are some key points about hiring treasurers in the United States:
Here's a step-by-step treasurer hiring guide:
The treasurer's general duty is to oversee the financial reports and monitor the expenses of the organization. A treasurer is required to demonstrate strong analytical and critical-thinking skills for financial decision-making. The treasurer is also required to keep documentation and deliver regular financial reports to the management. Treasurers are also responsible to study the current status of the organization to be able to provide suggestions on effectively managing expenses. They also need to be familiarized with the regulatory policies and ensure that the use of funds is compliant with the law.
Before you start hiring a treasurer, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them a treasurer to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a treasurer that fits the bill.
This list presents treasurer salaries for various positions.
| Type of Treasurer | Description | Hourly rate |
|---|---|---|
| Treasurer | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $17-83 |
| Controller/Business Manager | A controller/business manager is responsible for evaluating the overall business and financial transactions in an organization. Controller/business managers conduct data and statistical analysis on market performance and identify opportunities that would generate more revenue resources for the business... Show more | $38-72 |
| Director Of Administration & Finance | A director of administration finance oversees and directs an organization's administration and finance department, ensuring operations run smoothly and efficiently according to company standards and regulations. It is their duty to set goals and guidelines, lead the research and development efforts, establish procedures, manage the budgets and costs, review and evaluate financial reports, and implement the organizations' policies and standards... Show more | $35-77 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $112,382 | $54 |
| 2 | New Jersey | $102,843 | $49 |
| 3 | New York | $101,061 | $49 |
| 4 | California | $98,525 | $47 |
| 5 | Oregon | $90,259 | $43 |
| 6 | Maryland | $88,352 | $42 |
| 7 | Virginia | $88,207 | $42 |
| 8 | District of Columbia | $85,965 | $41 |
| 9 | Arizona | $82,405 | $40 |
| 10 | Texas | $81,210 | $39 |
| 11 | Illinois | $78,808 | $38 |
| 12 | Pennsylvania | $78,047 | $38 |
| 13 | Ohio | $72,912 | $35 |
| 14 | North Carolina | $70,281 | $34 |
| 15 | Colorado | $66,456 | $32 |
| 16 | Arkansas | $59,835 | $29 |
| 17 | Georgia | $57,675 | $28 |
| 18 | Florida | $52,876 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Partners Group LTD | $148,134 | $71.22 | |
| 2 | Citi | $133,353 | $64.11 | 13 |
| 3 | INTEGRIS Health | $109,804 | $52.79 | |
| 4 | City of Roanoke, Virginia - Government | $90,431 | $43.48 | |
| 5 | Talen Energy | $86,142 | $41.41 | |
| 6 | HealthTrust | $85,323 | $41.02 | |
| 7 | PSEA | $84,414 | $40.58 | |
| 8 | ValvTechnologies | $83,484 | $40.14 | |
| 9 | Deloitte Tax | $81,831 | $39.34 | |
| 10 | Stratum Reservoir | $81,831 | $39.34 | |
| 11 | Robert Half | $81,471 | $39.17 | 162 |
| 12 | arrivia | $79,273 | $38.11 | |
| 13 | Loparex | $78,252 | $37.62 | |
| 14 | Novanta | $78,141 | $37.57 | 1 |
| 15 | American Financial Network, Inc. | $77,159 | $37.10 | |
| 16 | St. Charles Health System | $72,320 | $34.77 | |
| 17 | Baillie Lumber Co. | $69,397 | $33.36 | |
| 18 | Women’s Development Center | $54,375 | $26.14 | |
| 19 | Treasurer's Office | $51,307 | $24.67 | |
| 20 | Avon Community School | $48,443 | $23.29 |
A good treasurer job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a treasurer job description:
To find the right treasurer for your business, consider trying out a few different recruiting strategies:
Your first interview with treasurer candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best treasurer candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new treasurer first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Hiring a treasurer comes with both the one-time cost per hire and ongoing costs. The cost of recruiting treasurers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of treasurer recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for treasurers is $80,467 in the US. However, the cost of treasurer hiring can vary a lot depending on location. Additionally, hiring a treasurer for contract work or on a per-project basis typically costs between $17 and $83 an hour.