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.
Treasurer responsibilities
Here are examples of responsibilities from real treasurer resumes:
- 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.
- Prepare and report financial status to the HOA monthly.
- Collect all money receive by PTO and deposit into PTO bank account.
- Review local laws before passing rules or sending bylaws to membership for approval.
- Hold weekly office hours to help student groups understand funding requirements and bylaws.
- Promote the event through email and Facebook as well as posters, rallies and ads.
- Collaborate with CPA firm to perform tax preparation and review, and coordinate and oversee external audits.
- Monitor all accounting transactions for compliance with grant requirements, organizational policies, GAAP and government standards.
- Coordinate annual audit with external CPA firm which minimize audit expense and comply with require report issuance deadline.
- Maintain a full and accurate account of the receipts and disbursements in the books belonging to the PTA.
Treasurer skills and personality traits
We calculated that 14% of Treasurers are proficient in Payroll, Fraternity, and Bank Accounts. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.
We break down the percentage of Treasurers that have these skills listed on their resume here:
- Payroll, 14%
Calculated and administered company budgets and payroll Created and revised multiple financial forms and spreadsheets Supervised company bookkeeping
- Fraternity, 8%
Budgeted chapter money to disperse properly between fraternity needs, philanthropic events, home improvement projects and other miscellaneous expenses.
- Bank Accounts, 8%
United States Army Warrant Officer Association Managed organizations bank accounts, memorabilia purchases and marketing.
- Community Services, 5%
Provided community services and resource information for youth.
- Financial Transactions, 5%
Oversee Finances -Record all financial transactions-Maintaining confidentially of all financial information pertaining to receiving, recording and depositing of funds
- QuickBooks, 4%
Optimized use of QuickBooks providing greater accounting consistency, accuracy and transparency.
Common skills that a treasurer uses to do their job include "payroll," "fraternity," and "bank accounts." You can find details on the most important treasurer responsibilities below.
Analytical skills. To carry out their duties, the most important skill for a treasurer to have is analytical skills. Their role and responsibilities require that "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." Treasurers often use analytical skills in their day-to-day job, as shown by this real resume: "analyzed monthly booster club budgeting and accounting reports to maintain expenditure controls. "
Communication skills. Many treasurer duties rely on communication skills. "financial managers must be able to explain and justify complex financial transactions.," so a treasurer will need this skill often in their role. This resume example is just one of many ways treasurer responsibilities rely on communication skills: "managed funds and bank accounts prepared weekly business reports accepted into ohio state scholars program for strategic communication. "
Detail oriented. Another skill that relates to the job responsibilities of treasurers is detail oriented. This skill is critical to many everyday treasurer duties, as "in preparing and analyzing reports, such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." This example from a resume shows how this skill is used: "prepare detailed financial reports and assist cpa with tax preparations. "
Math skills. A big part of what treasurers do relies on "math skills." You can see how essential it is to treasurer responsibilities because "financial managers need strong skills in certain branches of mathematics, including algebra." Here's an example of how this skill is used from a resume that represents typical treasurer tasks: "coordinated with the faculty sponsor and math/cs president to prepare a budget to obtain funding from the student government association. "
Organizational skills. Another common skill required for treasurer responsibilities is "organizational skills." This skill comes up in the duties of treasurers all the time, as "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." An excerpt from a real treasurer resume shows how this skill is central to what a treasurer does: "authored and implemented new bylaws that restructured organizational bank accounts and increased oversight. "
The three companies that hire the most treasurers are:
- HealthTrust6 treasurers jobs
- Stellar Industries, Inc.3 treasurers jobs
- DXP Enterprises2 treasurers jobs
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Compare different treasurers
Treasurer vs. 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. They also strategize efficient techniques and processes to maximize the staff's productivity and performance in delivering high-quality outputs for customer satisfaction. A controller/business manager must have excellent communication and leadership skills, especially in the smart allocation of budget and resources for project management procedures.
While similarities exist, there are also some differences between treasurers and controller/business manager. For instance, treasurer responsibilities require skills such as "payroll," "fraternity," "bank accounts," and "community services." Whereas a controller/business manager is skilled in "oversight," "project management," "business controller," and "internal audit." This is part of what separates the two careers.
Controller/business managers tend to make the most money working in the manufacturing industry, where they earn an average salary of $107,101. In contrast, treasurers make the biggest average salary, $95,341, in the manufacturing industry.The education levels that controller/business managers earn slightly differ from treasurers. In particular, controller/business managers are 7.0% more likely to graduate with a Master's Degree than a treasurer. Additionally, they're 0.1% less likely to earn a Doctoral Degree.Treasurer vs. 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. Moreover, a director of administration & finance leads staff and supervises all operations, solving issues and concerns if any would arise.
Each career also uses different skills, according to real treasurer resumes. While treasurer responsibilities can utilize skills like "fraternity," "community services," "student organizations," and "powerpoint," directors of administration & finance use skills like "oversight," "administrative functions," "financial analysis," and "reconciliations."
On average, directors of administration & finance earn a higher salary than treasurers. Some industries support higher salaries in each profession. Interestingly enough, directors of administration & finance earn the most pay in the health care industry with an average salary of $117,977. Whereas treasurers have higher pay in the manufacturing industry, with an average salary of $95,341.Average education levels between the two professions vary. Directors of administration & finance tend to reach higher levels of education than treasurers. In fact, they're 12.4% more likely to graduate with a Master's Degree and 0.1% more likely to earn a Doctoral Degree.Treasurer vs. Chief finance and operating officer
A Chief Finance and Operating Officer is a senior executive who is part of the management team that manages the financial actions of an organization. This executive must produce financial statements to communicate results with shareholders and stakeholders of the organization. They must revise all their financial policies and procedures to strengthen internal controls and ensure the continuance of work to accommodate rapid growth. They must also establish cross-functional alliances to assist the effectiveness of the organization's marketing and business development initiatives.
The required skills of the two careers differ considerably. For example, treasurers are more likely to have skills like "fraternity," "bank accounts," "community services," and "financial transactions." But a chief finance and operating officer is more likely to have skills like "financial statements," "oversight," "human resources," and "regulatory compliance."
Chief finance and operating officers earn the highest salary when working in the internet industry, where they receive an average salary of $163,246. Comparatively, treasurers have the highest earning potential in the manufacturing industry, with an average salary of $95,341.When it comes to education, chief finance and operating officers tend to earn higher degree levels compared to treasurers. In fact, they're 13.8% more likely to earn a Master's Degree, and 0.1% more likely to graduate with a Doctoral Degree.Treasurer vs. Director of accounting & finance
A director of accounting and finance is in charge of overseeing all financial activities and decisions in a company and supervising its workforce. Their responsibilities revolve around spearheading the development of financial plans and strategies, coordinating with analysts and consultants, gathering and analyzing financial data, and reporting all sales progress to executives through documents and presentations. They must also set goals and objectives, allocate budgets to different departments, prepare comprehensive sales forecasts, and lead employees while implementing the company's policies and regulations.
Types of treasurer
Updated January 8, 2025
