Treasurer vs finance director

The differences between treasurers and finance directors 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 a finance director. Additionally, a finance director has an average salary of $118,518, 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 a finance director are CPA, financial analysis, and payroll.

Treasurer vs finance director overview

	Treasurer	Finance Director
Yearly salary	$80,467	$118,518
Hourly rate	$38.69	$56.98
Growth rate	17%	17%
Number of jobs	18,358	90,012
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 71%
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 a finance director do?

A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.

Treasurer vs finance director salary

Treasurers and finance directors have different pay scales, as shown below.

	Treasurer	Finance Director
Average salary	$80,467	$118,518
Salary range	Between $37,000 And $173,000	Between $76,000 And $183,000
Highest paying City	Cambridge, MA	Palo Alto, CA
Highest paying state	Maine	California
Best paying company	Partners Group LTD	Meta
Best paying industry	Manufacturing	Manufacturing

Differences between treasurer and finance director education

There are a few differences between a treasurer and a finance director in terms of educational background:

	Treasurer	Finance Director
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 71%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Treasurer vs finance director demographics

Here are the differences between treasurers' and finance directors' demographics:

	Treasurer	Finance Director
Average age	46	46
Gender ratio	Male, 48.0% Female, 52.0%	Male, 65.1% Female, 34.9%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.4% White, 64.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between treasurer and finance director 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.

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Finance director example responsibilities.

Manage treasury functions considering the inflationary situation and changes in economic patterns to minimize any negative impact they may involve.
Improve internal controls and operating efficiency by training accountants and converting general ledger reconciliations to GAAP formats.
Prepare financial data and footnotes for independent CPA annual audit financial statements.
Develop financial models in Hyperion to aggregate sales data and allocate expenses for profitability analysis.
Complete Sarbanes-Oxley procedural requirements for entire incentive development, administration and reporting process.
Develop an electronic billing capacity and are the first Montana health care provider to bill Medicaid electronically.

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Treasurer vs finance director skills

Common treasurer skills

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

Common finance director skills

CPA, 7%
Financial Analysis, 6%
Payroll, 4%
Work Ethic, 4%
Oversight, 4%
Financial Management, 4%

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Updated January 8, 2025

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