Treasurer Job Description: Salary, Duties, Skills
Working as a treasurer means you'll be responsible for overseeing all aspects of a business's financial management. That means you'll be overseeing their bookkeeping, funding, fundraising, and everything in between. Managing these various financial responsibilities involves delegating the work to either a finance sub-committee or support staff members. The treasure, however, remains responsible for overseeing compliance of regulations and financial systems. Some companies find it challenging to find an ideal treasurer. The main reason is that the position requires exceptional organizational skills, advanced knowledge of financial systems, and effective delegation capabilities. However, if you're the right candidate, businesses can find the best financial security. You may also see job titles that include Corporate Treasurer, Deputy Treasurer, and Treasury Director.
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Treasurer Job Description Sample
Here’s an example of a good Treasurer job description:
Our company is currently seeking an experienced treasurer for overseeing our payments operations team. Candidates should be reliable and experienced, as well as ready to help make a positive impact on the success of our company. Successful candidates are willing to take a leading role in our financial team. They'll be maintaining a highly organized financial system that facilitates our company's success. It will also be their responsibility to uphold and improve our treasury process regarding operational efficiency and compliance.
PayScale compiled the national average salary for a treasurer as of 2019. Those who are working as a treasurer have a mean average salary of $84,716.00. That translates to treasurers earning $17.41 per hour, on average. Those seeking an entry-level position as a treasurer can expect an average wage of $46,000.00 annually. Careerists working for twenty years or more are reporting earning $115,000.00 as treasurers.
Treasurer Job Description For Resume
A Treasurer position may have a description similar to this one in an executive summary, professional summary, or resume:
More than six years of experience as a goal-oriented treasurer. I have a proven capability regarding functional business units, working across multiple geographic areas, and fostering positive change in foreign exchange. I have high-level skills in Excel, PowerPoint, FXpress, Bloomberg, and SAP.
- Entrepreneurial spirit.
- Innovative and trustworthy .
- An authentic appreciation for the company's mission.
- Keen emotional intelligence.
- Strong attention to detail.
- Experience with market fund portals.
- Ability to operate daily with a high degree of accuracy.
- Experience with treasury software preferred.
- Strong professional demeanor.
- Comfortable interacting and presenting to senior-level management.
Treasurer Duties & Responsibilities
- Directly manages the payment operations team.
- Works collaboratively with the corporate treasury team.
- Collaborates across several teams regarding the prevention of fraud.
- Leads projects regarding operational improvement.
- Creates payment operation policies and procedures.
- Develops operational overhead and capital investment annual budgets.
- Manages debt obligations.
- Prepares financial reports.
- Manages the company's investment portfolio.
- Track, disburse and collect funds monthly.
- Prepares budgets annually.
- Anticipates the borrowing needs of the company.
- Assesses the available funds for investing.
- Creates long-term projections based on the needs of departments.
- Budgets according to upcoming capital projects.
- Maintains an effective system of policies and procedures for adequately controlling treasury activities.
- Ensures sufficient fund availability for covering capital investment and operational needs.
- Advises Senior Management regarding investments, liquidity, and loans.
- Monitors third-party activities.
- Bachelor's degree in finance, accounting, economics, or an equivalent field of study.
- Preferred MBA in Finance or Accounting.
- Minimum of eight years of corporate treasury experience.
- Must be a certified CPA.
- Have at least five or more years experience in corporate finance management.
- Demonstrated knowledge of banking industry regulations and rules.
- Strong project management experience.
- Excellent technology and systems skillset.
- Thorough understanding of treasury and finance activities.
- In-depth knowledge of banking, capital markets, cash, liquidity management.
- Must have a self-starter mentality.
- Can lead multiple projects and prioritize simultaneously.
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