Treasurer vs assistant controller

The differences between treasurers and assistant controllers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a treasurer and an assistant controller. Additionally, an assistant controller has an average salary of $91,447, which is higher than the $80,467 average annual salary of a treasurer.

The top three skills for a treasurer include payroll, fraternity and bank accounts. The most important skills for an assistant controller are reconciliations, CPA, and GAAP.

Treasurer vs assistant controller overview

	Treasurer	Assistant Controller
Yearly salary	$80,467	$91,447
Hourly rate	$38.69	$43.96
Growth rate	17%	17%
Number of jobs	18,358	58,643
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 76%
Average age	46	46
Years of experience	8	8

What does a treasurer do?

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.

What does an assistant controller do?

An assistant controller is an individual who supports and reports to the corporate controller about all the organization's accounting-related activities such as managerial accounting and financial activities. Assistant controllers are instrumental in maintaining the accountability of the organization's financial resources and protecting the assets of its investors. They delegate data entry tasks with junior accounting staff and coordinate financial audits with the vice president and chief financial officer (CFO). The minimum educational attainment of an assistant controller is to obtain a bachelor's degree in finance or accounting related field.

Treasurer vs assistant controller salary

Treasurers and assistant controllers have different pay scales, as shown below.

	Treasurer	Assistant Controller
Average salary	$80,467	$91,447
Salary range	Between $37,000 And $173,000	Between $63,000 And $132,000
Highest paying City	Cambridge, MA	Stamford, CT
Highest paying state	Maine	Connecticut
Best paying company	Partners Group LTD	Cloudflare
Best paying industry	Manufacturing	Finance

Differences between treasurer and assistant controller education

There are a few differences between a treasurer and an assistant controller in terms of educational background:

	Treasurer	Assistant Controller
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 76%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Treasurer vs assistant controller demographics

Here are the differences between treasurers' and assistant controllers' demographics:

	Treasurer	Assistant Controller
Average age	46	46
Gender ratio	Male, 48.0% Female, 52.0%	Male, 49.8% Female, 50.2%
Race ratio	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.1% White, 64.0% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between treasurer and assistant controller duties and responsibilities

Treasurer example responsibilities.

Manage accounting department to include A/R and A/P staff.
Organize and manage several school functions/activities, assist school personnel, make PTA purchases, and balance the checkbook.
Trust with managing all financial accounts associate with the fraternity and prepare organized financial statements for all members and alumni.
Champion adoption of consent agenda procedure, streamlining meetings and improving overall effectiveness of alumni leadership.
Form PTO s 501 (c) 3 and prepare PTO s 990.
Calculate and submit the yearly HOA community tax forms.

Assistant controller example responsibilities.

Lead divisional capital management through ROI analysis on new products and other capital investments to maximize returns.
Facilitate the implementation of ERP system, which increase productivity in efficiently and effectively manage the functionality of the organization.
Initiate ongoing departmental projects to automate daily tasks which include the calculations for income distributions and the daily income account reconciliation.
Maintain timely and accurate general ledger account reconciliations, oversee treasury management, and handle fixed asset tracking and reporting.
Direct balance sheet and inter-company reconciliations according to GAAP and ensure compliance across accounting, payroll, and inventory management systems.
Oversee corporate financial internal controls including a complete re-write of all standard operating procedure documentation and supporting annual SOX audit work.

Treasurer vs assistant controller skills

Common treasurer skills

Payroll, 14%
Fraternity, 8%
Bank Accounts, 8%
Community Services, 5%
Financial Transactions, 5%
QuickBooks, 4%

Common assistant controller skills

Reconciliations, 9%
CPA, 8%
GAAP, 7%
Internal Controls, 5%
Payroll Processing, 5%
External Auditors, 5%

Treasurer vs. similar jobs

Treasurer related careers

Treasurer related jobs

Treasurer jobs by location

Zippia Careers
Executive Management Industry
Treasurer
Treasurer vs Assistant Controller

Updated January 8, 2025

Browse executive management jobs