What does a Treasurer do?
Published 3 min read
A treasurer is responsible for the financial health of an organization. They create and oversee the budget, make sure bills are paid on time, and track where the money is going.
Treasurer job duties include:
- Overseeing the organization's finances and budget
- Developing financial plans and strategies
- Managing investments and cash flow
- Ensuring compliance with financial regulations
- Preparing financial reports
- Monitoring and forecasting financial performance
- Identifying financial risks and opportunities
- Advising on financial planning and strategy
- Liaising with auditors to ensure annual monitoring is carried out
- Overseeing the production of annual accounts and reports
Treasurer Job Requirements
The job requirements for a Treasurer vary depending on the organization. However, most Treasurers have a degree in accounting, finance, or business administration. In addition, many Treasurers are certified public accountants (CPAs). Experience in financial management is also helpful.
Treasurer Skills
- Analytical skills
- Profit and loss
- Balance sheet
- Budgeting
- Financial analysis
- Forecasting
- Variance analysis
- Financial modeling
- Financial planning
- Strategic planning
- Risk management
- Treasury management
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How to become a Treasurer
The treasurer is the head of the finance committee and is responsible for financial planning and management. They work with the board of directors to develop long-term financial goals and strategies, and are responsible for the day-to-day management of the organization's finances. The treasurer is also responsible for preparing financial reports, overseeing investments, and managing cash flow.
To become a treasurer, you will need to have experience in financial management and be able to understand and interpret financial statements. You should also be able to develop budgets and forecast future income and expenditure. Strong communication and interpersonal skills are essential, as you will be working with a range of different people within the organization.
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